Which of the following describes a "list price"?

The description of a "list price" refers to the amount a seller hopes to receive for their property at the beginning of the sales process. This is a critical figure in real estate, as it is typically the price at which a property is officially marketed and listed on the market. The list price reflects the seller's expectations and can be influenced by various factors, including market conditions, the property's condition, and comparable property sales in the area.

In contrast, the final price agreed upon after negotiations represents what the buyer and seller settle on after the negotiation process, which may differ from the list price. The estimated price based on market analysis relates to evaluations conducted by real estate professionals to determine a property's approximate market value but is not necessarily the price at which it is listed. Lastly, the average price of similar properties sold in the area provides valuable context for pricing but does not directly define the list price, which is specific to the seller's expectations.