Are you know what is ARV In Real Estate? ARV in real estate is an abbreviation for adjusted value or an estimate of the property at current value after all necessary repairs and improvements are done. This is an important number for most real estate investors since it calculates the difference between the price of a real estate asset and its current market value. It is also called the gross market value since after any necessary repairs and renovations are done, the current fair market value is what the property is worth. ARV is usually calculated by an appraiser who will determine its market value after determining what repairs and improvements will be done to it.