The Base Price is the foundation of your Wheelhouse pricing. It represents the ideal price for your listing before adjustments for seasonality, daily demand, day of the week, holidays, events, and other factors.
It’s calculated by looking at your revenue goals, listing quality, and factors specific to your property, such as:
Number of bedrooms and bathrooms
Neighborhood
Amenities
And more
The best part is...you're always in control! If you increase or decrease your Base Price by a certain percentage, all prices on your calendar will increase/decrease by that same percentage.
View Historical Base Price
If you’ve been using either the data-driven or fixed Base Price, you can view the historical base price changes when looking at an individual listing.
Under the Base Price setting, you can click on the “View Historical Base Price” link below the Recommended Breakdown title.
After clicking on the “View Historical Base Price” link, you’ll be taken to a page where you can see base price changes in both a chart and table view for the last 30 days.
It includes the following information:
Date
Recommendation
Adjustment
Fixed
With this historical information, you can monitor past changes to the base prices and gain more transparency from us about your listing!