Wakayama Home market overview [Show ]

The average price of a sq.m Home of Wakayama was 120,179 JPY/sq.m, and the median price was 87,777 JPY/sq.m.

The highest Home market value is Nankai at 109,212 JPY/sq.m. On the other hand, those with the lowest market value is JR at 83,333 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Ito-Gun at -64.1% (The rate of decline after 30 years). On the other hand, market values along the Higashimuro-Gun was the most resistant to decline at -33.8% (The same rate).

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Nankai at -54.5% (The rate of decline after 30 years). On the other hand, market values along the JR was the most resistant to decline at -51.9% (The same rate).

Data regarding the market value and its changes were calculated using data on the sales of 6,699 properties provided by the MLIT Japan.

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Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
Wakayama-Shi [Land utilization ]20,545,469 JPY141,813 JPY/sq.m
Kainan-Shi [Land utilization ]24,871,765 JPY104,732 JPY/sq.m
Hashimoto-Shi [Land utilization ]15,751,367 JPY112,706 JPY/sq.m
Arida-Shi [Land utilization ]11,785,714 JPY95,584 JPY/sq.m
Gobo-Shi [Land utilization ]12,675,000 JPY80,636 JPY/sq.m
Tanabe-Shi [Land utilization ]18,772,222 JPY116,502 JPY/sq.m
Shingu-Shi [Land utilization ]15,357,143 JPY102,394 JPY/sq.m
Kinokawa-Shi [Land utilization ]10,309,237 JPY87,941 JPY/sq.m
Iwade-Shi [Land utilization ]17,063,882 JPY113,098 JPY/sq.m
Kaiso-Gun16,309,677 JPY140,564 JPY/sq.m
Ito-Gun [Land utilization ]15,811,212 JPY130,664 JPY/sq.m
Arida-Gun [Land utilization ]11,642,546 JPY86,780 JPY/sq.m
Hidaka-Gun [Land utilization ]9,268,696 JPY87,262 JPY/sq.m
Nishimuro-Gun15,020,721 JPY107,727 JPY/sq.m
Higashimuro-Gun [Land utilization ]7,778,454 JPY67,575 JPY/sq.m
StationsAverage Trading PriceAverage Unit Price
JR [Land utilization ]17,381,227 JPY116,634 JPY/sq.m
Nankai [Land utilization ]21,191,553 JPY141,033 JPY/sq.m
Other [Land utilization ]19,952,332 JPY128,544 JPY/sq.m