How to Calculate Apartment Building Valuation in Northern Virginia; Gross Rent Multiplier – Return on Investment – Internal Rate of Return

What is Gross Rent Multiplier (GRM)?
In a recent blog post, I explained the use of Cap Rate by investors as a financial technique to estimate value when considering the buying or selling of a multi-family apartment building.  Another metric used in real estate is Gross Rent Multiplier (GRM).  Like Cap Rate, GRM is simply a gauge of value, but  …  Read More

Fair Lakes, Fairfax County – Northern Virginia Home Sales Activity Q3 2018

Fair Lakes, VA – Dec. 1, 2018 – Home sales in the Fair Lakes community continued a brisk pace in 2018. The average sold price during Q3 was $454,817 compared to $374,000 during the previous year. It should be noted, while home prices in Fair Lakes have certainly increased, there were only 6 homes sold in Q3 and the prices  …  Read More

Clifton, Fairfax County – Northern Virginia Home Sales Activity Q3 2018

Clifton, VA – Dec. 1, 2018 –  Home sales in the Clifton 20124 sub-market of Northern Virginia have shown signs of moderating the recent brisk selling pace. In Q3 2018, 53 homes sold compared to 63 homes during the same quarter in 2017. The average sold price during Q3 2018 was $646,566 compared to $674,063 the previous year – a  …  Read More

The Ridges of Glendilough, Fairfax – Northern Virginia Home Sales Activity 2018

Fairfax, VA – Dec. 1, 2018 –  Home sales in The Ridges of Glendilough subdivision continued a brisk pace in 2018. The average sold price during the trailing twelve months was $704,400 compared to $686,900 during the previous year – an increase of 3%. …  Read More

Singletons Grove, Centreville – Northern Virginia Home Sales Activity Q3 2018

Centreville, VA – Dec. 1, 2018 –  Home sales in the Singletons Grove subdivision continued a brisk pace in 2018.  The average sold price during Q3 2018 was $345,930 compared to $333,333 during the previous year – an increase of 3.78%. …  Read More