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Base Price Model Improvement FAQs
Base Price Model Improvement FAQs
Vu avatar
Written by Vu
Updated over 3 weeks ago

What’s changing?

  • Wheelhouse has developed a more precise Base Price model.

  • Also, updates to your Base Price model should now happen in a more consistent, predictable fashion.

  • Our new model is better at identifying how attributes of your property (e.g. pools, porches, etc.) play in to your optimal Base Price.

  • As a reminder, your Base Price is what Wheelhouse would recommend charging for a night at your property, given average demand.

What will happen to my listings with automated dynamic pricing?

  • Your Base Price is a big part of your pricing foundation

  • If you have a Data-Driven Base Price from Wheelhouse (any of our Recommended, Aggressive, or Conservative), this Base Price may change through March 20th.

When should I review those prices?

  • We’d recommend reviewing these prices Thursday, 3/13 and the following Thursday, 3/20.

  • You can now review any changes to your Base Price in a new view here

We’re excited to improve your Wheelhouse Pricing Engine, and we are looking forward to sharing more major advancements later this year.

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