Soraku-Gun Apartment average value

Price 20,088,889 JPY
  (246,137 JPY/sq.m)
- Age 11.1 years old
- Dist. from Sta. 17.3 min walk
- Property area 82.2 sq.m

The average price of a sq.m Apartment of Kyoto Soraku-Gun, in 2016 was 247,269 JPY/sq.m. The market value represents an increase of 3,706 JPY (+1.5%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 12.9 years old (a +21.3% increase compared to the 10.7 years old of last year.). The average size of the real estate was 85.0 sq.m (a +0.8% increase compared to the 84.3 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

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2015 and 12.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.7 years old in 2015 and 12.9 years old in 2016; +21.3%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2015 and 18.9 min in 2016; +25.8%)
Data regarding the market value and its changes of Apartment in Soraku-Gun were calculated using data on the sales of 64 properties provided by the MLIT Japan.

Soraku-Gun Apartment market value list

AreaAverage Trading PriceAverage Unit Price
Seika-Cho20,088,889 JPY246,137 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 New332,449 JPY/sq.m100 %
Residual Value (10 Years)262,065 JPY/sq.m79 %
Residual Value (20 Years)166,858 JPY/sq.m50 %
Residual Value (20 Years)46,830 JPY/sq.m14 %
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 Soraku-Gun 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 Soraku-Gun 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 Soraku-Gun

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

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2015 and 12.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.7 years old in 2015 and 12.9 years old in 2016; +21.3%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2015 and 18.9 min in 2016; +25.8%)
The table below shows Apartment dealt in Kyoto Soraku-Gun, 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 Soraku-Gun

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
Soraku-Gun Seika-Cho (64) [Area]20,000,000247,05811.0 yrs22 min85 sq.m
Muko-Shi 鶏冠井町 (8) [Area]17,000,000244,50510.5 yrs12 min72 sq.m
Seika-Cho 精華台 (43) [Area]21,000,000244,4449.0 yrs23 min90 sq.m
Nishikyo-Ku 桂徳大寺北町 (4) [Area]15,000,000248,95015.5 yrs11 min65 sq.m
Kintetsu Kyoto Line Shinnhousono (46) [Stations]20,000,000247,05811.0 yrs21 min85 sq.m
JR Katamachi Line Oosumi (6) [Stations]21,000,000234,53911.8 yrs15 min92 sq.m
JR Katamachi Line Housono (4) [Stations]22,000,000278,8889.1 yrs22 min82 sq.m
Kintetsu Kyoto Line Kidugawadai (35) [Stations]14,000,000185,71411.8 yrs19 min75 sq.m
Keihan Keishin Line Misasagi (17) [Stations]12,000,000184,61515.4 yrs11 min65 sq.m
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