Calculating ARV with current market conditions

[Esteban Mosqueira]

Most markets are starting to see a change in prices, however fix and flippers are still buying. How do you calculate ARV since comparable properties that sold 2-6 months ago (peak of the market) are not accurate compared with the current market?

[Account Closed]

Quote from @Esteban Mosqueira:

Most markets are starting to see a change in prices, however fix and flippers are still buying. How do you calculate ARV since comparable properties that sold 2-6 months ago (peak of the market) are not accurate compared with the current market?

Take ARV from May and multiply by .90 and that is your current ARV. Prices have dropped about 10% in Maricopa County since May. They are probably going to continue to drop for the next 6 to 12 months. Probably will not be a crash, just price adjustments.

The Fed announces new interest rates on Sept 20-21 so watch for changes.