I ran both VREF and Trade-a-Plane evaluator before purchasing mine last week, and both listed about the same ($23.5K). The seller and I agreed on $19K delivered to my airport, but I noticed the bank value came back about $3K less than both of the estimates. No matter to me, since I was paying less than that anyways, but caught my eye when I saw that.

As they say, the true value of anything is what someone else is willing to pay for it, so if a $40K 150 doesn't sell, then either you haven't found the right buyer or it just isnt worth that much. There are too many nice 150's out there in the $18-25K range for me to consider buying one at such a high price, but someone might consider $40K a bargain for a clean, low-time, nicely-equipped 150/152.

Rick