Higashiyama-Ku Apartment average value

Price 22,413,021 JPY
  (493,778 JPY/sq.m)
- Age 17.0 years old
- Dist. from Sta. 6.0 min walk
- Property area 43.5 sq.m

The average price of a sq.m Apartment of Kyoto-Shi Higashiyama-Ku, in 2017 was 1,006,288 JPY/sq.m. The market value represents an increase of 468,505 JPY (+87.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 14 (-70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.2 years old (a +15.8% increase compared to the 17.4 years old of last year.). The average size of the real estate was 30.8 sq.m (a -1.3% decrease compared to the 31.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 10.0% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 17.4 years old in 2016 and 20.2 years old in 2017; +15.8%)
  • A dramatic increase in average distance from the station (representing 6.8 min in 2016 and 9.8 min in 2017; +45.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 35.0% of total transactions in 2016 and 16.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Higashiyama-Ku were calculated using data on the sales of 256 properties provided by the MLIT Japan.

Higashiyama-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price
粟田学区34,655,263 JPY628,402 JPY/sq.m
清水学区22,695,000 JPY453,765 JPY/sq.m
新道学区24,211,429 JPY390,440 JPY/sq.m
六原学区24,421,875 JPY438,397 JPY/sq.m
有済学区29,333,333 JPY621,234 JPY/sq.m
本町4,077,778 JPY255,978 JPY/sq.m
福稲御所ノ内町8,193,333 JPY168,806 JPY/sq.m
一橋学区13,391,667 JPY272,538 JPY/sq.m
修道学区26,454,546 JPY367,983 JPY/sq.m
福稲高原町21,000,000 JPY286,984 JPY/sq.m
貞教学区34,400,000 JPY463,095 JPY/sq.m
弥栄学区25,000,000 JPY406,026 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 New774,595 JPY/sq.m100 %
Residual Value (10 Years)566,177 JPY/sq.m73 %
Residual Value (20 Years)402,276 JPY/sq.m52 %
Residual Value (20 Years)282,892 JPY/sq.m37 %
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 Higashiyama-Ku 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 Kyoto-Shi Higashiyama-Ku Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

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

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Trading data in Higashiyama-Ku

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 relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 10.0% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 17.4 years old in 2016 and 20.2 years old in 2017; +15.8%)
  • A dramatic increase in average distance from the station (representing 6.8 min in 2016 and 9.8 min in 2017; +45.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 35.0% of total transactions in 2016 and 16.7% of total transactions in 2017)
The table below shows Apartment dealt in Kyoto-Shi Higashiyama-Ku, 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 Higashiyama-Ku

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
Kyoto-Shi Nakagyo-Ku (1,593) [Area]19,000,000500,00015.5 yrs5 min50 sq.m
Sakyo-Ku 吉田下阿達町 (8) [Area]18,350,000462,85718.3 yrs7 min40 sq.m
Shimogyo-Ku 皆山学区 (105) [Area]16,000,000440,00016.3 yrs6 min42 sq.m
Nakagyo-Ku 梅屋学区 (40) [Area]20,000,000400,00020.3 yrs6 min50 sq.m
Kyoto Subway Tozai Line Nijoujoumae (178) [Stations]19,000,000460,00019.3 yrs5 min45 sq.m
Kyoto Subway Karasuma Line Gojou (366) [Stations]16,000,000450,00014.8 yrs4 min35 sq.m
Kyoto Subway Karasuma Line Karasumaoike (420) [Stations]19,000,000550,00014.0 yrs4 min40 sq.m
Kyoto Subway Tozai Line Karasumaoike (420) [Stations]19,000,000550,00014.0 yrs4 min40 sq.m
Kyoto Municipal Kyoto Subway Karasuma Line (2,487) [Stations]15,000,000425,00016.5 yrs7 min45 sq.m
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