Shimane Apartment market overview [Show ]

The average price of a sq.m Apartment of Shimane was 214,444 JPY/sq.m, and the median price was 225,000 JPY/sq.m.

The highest Apartment market value is Ichibata Electric Railway at 250,000 JPY/sq.m. On the other hand, those with the lowest market value is JR at 216,666 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Izumo-Shi at -51.1% (The rate of decline after 30 years). On the other hand, market values along the Matsue-Shi was the most resistant to decline at -40.0% (The same rate).

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Ichibata Electric Railway at -28.6% (The rate of decline after 30 years). On the other hand, market values along the JR was the most resistant to decline at -23.8% (The same rate).

Data regarding the market value and its changes were calculated using data on the sales of 200 properties provided by the MLIT Japan.

Value:

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Market value

AreaAverage Trading PriceAverage Unit Price
Matsue-Shi [Land utilization ]15,710,000 JPY215,391 JPY/sq.m
Izumo-Shi [Land utilization ]15,920,000 JPY217,193 JPY/sq.m
StationsAverage Trading PriceAverage Unit Price
JR [Land utilization ]15,212,712 JPY210,393 JPY/sq.m
Ichibata Electric Railway [Land utilization ]20,636,364 JPY262,582 JPY/sq.m