Wakayama Apartment market overview [Show ]

The average price of a sq.m Apartment of Wakayama was 171,013 JPY/sq.m, and the median price was 133,666 JPY/sq.m.

The highest Apartment market value is JR at 153,846 JPY/sq.m. On the other hand, those with the lowest market value is Nankai at 123,409 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Wakayama-Shi at -62.0% (The rate of decline after 30 years). On the other hand, market values along the Wakayama-Shi was the most resistant to decline at -62.0% (The same rate).

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Nankai at -61.7% (The rate of decline after 30 years). On the other hand, market values along the JR was the most resistant to decline at -59.6% (The same rate).

Data regarding the market value and its changes were calculated using data on the sales of 558 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
Wakayama-Shi [Land utilization ]11,222,640 JPY171,013 JPY/sq.m
StationsAverage Trading PriceAverage Unit Price
JR [Land utilization ]12,175,946 JPY184,342 JPY/sq.m
Nankai [Land utilization ]9,571,286 JPY148,241 JPY/sq.m
Other [Land utilization ]14,358,333 JPY212,725 JPY/sq.m