Niihama-Shi Apartment average value

Price 7,071,020 JPY
  (100,726 JPY/sq.m)
- Age 27.8 years old
- Dist. from Sta. 26.6 min walk
- Property area 60.8 sq.m

The average price of a sq.m Apartment of Ehime Niihama-Shi, in 2017 was 18,000 JPY/sq.m. The market value represents a decrease of 66,716 JPY (-78.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 45.5 years old (a +42.5% increase compared to the 32.0 years old of last year.). The average size of the real estate was 50.0 sq.m (a -13.9% decrease compared to the 58.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 32.0 years old in 2016 and 45.5 years old in 2017; +42.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Niihama-Shi were calculated using data on the sales of 126 properties provided by the MLIT Japan.

Niihama-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price
741,250 JPY18,032 JPY/sq.m
宇高町1,490,625 JPY29,042 JPY/sq.m
泉宮町3,986,923 JPY121,015 JPY/sq.m
東雲町1,074,615 JPY22,548 JPY/sq.m
中須賀町9,441,667 JPY125,962 JPY/sq.m
繁本町8,945,454 JPY122,045 JPY/sq.m
久保田町17,300,000 JPY215,692 JPY/sq.m
徳常町7,600,000 JPY124,878 JPY/sq.m
萩生29,333,333 JPY470,731 JPY/sq.m
西の土居町25,500,000 JPY292,253 JPY/sq.m
若水町8,380,000 JPY113,714 JPY/sq.m
多喜浜1,450,000 JPY29,000 JPY/sq.m
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Apartment value Age transition

Market values (unit price: sq.m, m2) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
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AgeTrading PriceProportion
Price at New299,718 JPY/sq.m100 %
Residual Value (10 Years)206,358 JPY/sq.m69 %
Residual Value (20 Years)131,550 JPY/sq.m44 %
Residual Value (20 Years)75,295 JPY/sq.m25 %
Color:

Unit:
Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate Niihama-Shi Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Ehime Niihama-Shi Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Niihama-Shi

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Apartment market value trends

Market value trends for Apartment are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 32.0 years old in 2016 and 45.5 years old in 2017; +42.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)
The table below shows Apartment dealt in Ehime Niihama-Shi, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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Area close to the price in Niihama-Shi

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Niihama-Shi 若水町 (5) [Area]8,500,000100,00021.0 yrs30 min75 sq.m
Matsuyama-Shi 溝辺町 (10) [Area]5,600,00078,10936.5 yrs25 min67 sq.m
Niihama-Shi 繁本町 (11) [Area]8,900,000124,28521.0 yrs30 min70 sq.m
Niihama-Shi 徳常町 (8) [Area]7,400,000128,33321.4 yrs30 min57 sq.m
JR Yosan Line Niihama (124) [Stations]6,800,000104,28522.3 yrs30 min65 sq.m
Iyotetsu Takahama Line Yamanishi (5) [Stations]4,800,00087,27222.9 yrs16 min55 sq.m
Iyotetsu Jonan Line Dougoonnsenn (54) [Stations]4,500,000120,00020.5 yrs11 min62 sq.m
Iyotetsu Honcho Line Honnmachirokuchoume (100) [Stations]9,400,000143,33323.0 yrs15 min67 sq.m
Iyotetsu Johoku Line Honnmachirokuchoume (100) [Stations]9,400,000143,33323.0 yrs15 min67 sq.m
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