Hankyu Apartment average value

Price 18,633,555 JPY
  (362,527 JPY/sq.m)
- Age 20.6 years old
- Dist. from Sta. 11.0 min walk
- Property area 53.0 sq.m

The average price of a sq.m Apartment of Kyoto Hankyu, in 2017 was 499,516 JPY/sq.m. The market value represents an increase of 115,215 JPY (+30.0%) compared to 1 year ago and a transition to a dramatic market. 32 properties exchanged hands ( The market value represents a decrease of 88 (-73.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a -11.4% decrease compared to the 20.8 years old of last year.). The average size of the real estate was 37.5 sq.m (a -30.9% decrease compared to the 54.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 20.8 years old in 2016 and 18.4 years old in 2017; -11.4%)
  • A dramatic decrease in average distance from the station (representing 11.1 min in 2016 and 6.3 min in 2017; -43.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.7% of total transactions in 2016 and 18.8% of total transactions in 2017)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.3% of total transactions in 2016 and 37.5% of total transactions in 2017)

Causes of price decreases

  • A some decrease in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2016 and 6.2% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Hankyu were calculated using data on the sales of 1,894 properties provided by the MLIT Japan.

Hankyu Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Hankyu Kyoto Main Line18,853,452 JPY374,007 JPY/sq.m
Hankyu Arashiyama Line15,947,619 JPY234,454 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 New653,718 JPY/sq.m100 %
Residual Value (10 Years)468,385 JPY/sq.m72 %
Residual Value (20 Years)333,398 JPY/sq.m51 %
Residual Value (20 Years)248,757 JPY/sq.m38 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Hankyu 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 Hankyu 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 Hankyu

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 small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 20.8 years old in 2016 and 18.4 years old in 2017; -11.4%)
  • A dramatic decrease in average distance from the station (representing 11.1 min in 2016 and 6.3 min in 2017; -43.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.7% of total transactions in 2016 and 18.8% of total transactions in 2017)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.3% of total transactions in 2016 and 37.5% of total transactions in 2017)

Causes of price decreases

  • A some decrease in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2016 and 6.2% of total transactions in 2017)
The table below shows Apartment dealt in Kyoto Hankyu, 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 Hankyu

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
JR San-in Main Line Nijou (310) [Stations]17,000,000353,57122.6 yrs8 min55 sq.m
Kyoto Subway Tozai Line Nijou (310) [Stations]17,000,000353,57122.6 yrs8 min55 sq.m
Hankyu Kyoto Main Line Saiinn (272) [Stations]17,000,000350,00019.5 yrs8 min37 sq.m
Kyoto Subway Karasuma Line Kuramaguchi (57) [Stations]21,000,000350,00018.0 yrs13 min60 sq.m
Keifuku Arashiyama Line Saiinn (272) [Stations]17,000,000350,00019.5 yrs8 min37 sq.m
Nakagyo-Ku 壬生高樋町 (6) [Area]21,000,000353,33317.0 yrs9 min60 sq.m
Higashiyama-Ku 清水学区 (40) [Area]17,500,000333,33320.5 yrs13 min57 sq.m
Kamigyo-Ku 待賢学区 (40) [Area]14,000,000307,14218.4 yrs10 min55 sq.m
Shimogyo-Ku 淳風学区 (20) [Area]15,000,000304,54516.8 yrs9 min55 sq.m
Sakyo-Ku 高野西開町 (20) [Area]12,500,000297,50023.9 yrs9 min50 sq.m
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