You totally didn't get what I was saying. I am not trying to be dishonest. We just don't want to get screwed on the money we put into our house. Maybe someone will see it and love it. and pay the asking price. thats it. no more.
You could list it, but looking at the prices in there you're going to have to get pretty lucky to sell at that price. If you do get an offer, you'll most likely get a low ball more in line with value. Then all you've done is waste time and effort keeping the place in shape for showings.
There are other options depending on what your situation is. What type of loan you used, do you live there full time, etc.. A possibility would be to rent it out to cover some costs and sell in 5 to 10 years. Depends on how much interest you've paid / are paying. If it's paid off you're in the best shape. Average 20K-35K in rental income over 5 years plus some appreciation might bring you up closer to break even, plus you get to stay there in the off season. Selling right now at the price people are likely to offer though sounds like you're assured a major loss. However, loosing 200K today might be better than being bled dry over the next three years by interest on the loan.
Overall, I'd just suggest running all the numbers on all the options, be very precise and conservative in your estimates, and pick the option that saves you the most income long term. Try to be practical, not emotional. That's your best bet.
added - if you have a loan, don't forget about the option of a short sale, talk to your lender.