Shimane Apartment market overview [Show ]

The average price of a sq.m Apartment of Shimane was 219,767 JPY/sq.m, and the median price was 225,833 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 Matsue-Shi at -42.8% (The rate of decline after 30 years). On the other hand, market values along the Izumo-Shi was the most resistant to decline at -33.0% (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 -40.6% (The rate of decline after 30 years). On the other hand, market values along the JR was the most resistant to decline at -26.9% (The same rate).

Data regarding the market value and its changes were calculated using data on the sales of 191 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
Matsue-Shi15,886,441 JPY219,221 JPY/sq.m
Izumo-Shi16,415,790 JPY223,737 JPY/sq.m
StationsAverage Trading PriceAverage Unit Price
JR15,398,361 JPY214,678 JPY/sq.m
Ichibata Electric Railway20,636,364 JPY262,582 JPY/sq.m