Chiryu-Shi Apartment average value

Price 256,878 JPY/sq.m
- Age 20.5 years old
- Dist. from Sta. 10.1 min walk
- Property area 74.2 sq.m

The average price of Aichi Chiryu-Shi Apartment, in 2020 was 305,312 JPY/sq.m. The market value represents an increase of 64,637 JPY (+26.9%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.6 years old in 2019 and 15.7 years old in 2020; -33.7%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 8.0% of total transactions in 2019 and 28.6% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 8.4 min in 2019 and 10.0 min in 2020; +19.6%)
Data regarding the market value and its changes of Apartment in Chiryu-Shi were calculated using data on the sales of 238 properties provided by the MLIT Japan.

Chiryu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上重原町13,750,000 JPY181,375 JPY/sq.m12 件
中町13,684,615 JPY184,986 JPY/sq.m13 件
内幸町31,833,333 JPY424,391 JPY/sq.m6 件
南新地16,808,333 JPY224,306 JPY/sq.m12 件
南陽14,876,923 JPY203,853 JPY/sq.m13 件
堀切22,333,333 JPY271,111 JPY/sq.m6 件
19,222,222 JPY242,328 JPY/sq.m9 件
山屋敷町22,000,000 JPY263,726 JPY/sq.m3 件
山町13,000,000 JPY184,589 JPY/sq.m11 件
広見11,757,143 JPY180,838 JPY/sq.m7 件
弘法16,818,182 JPY207,322 JPY/sq.m11 件
弘法町17,555,556 JPY213,393 JPY/sq.m9 件
新富10,550,000 JPY160,994 JPY/sq.m6 件
新林町12,900,000 JPY159,930 JPY/sq.m15 件
新池18,200,000 JPY231,535 JPY/sq.m5 件
本町27,000,000 JPY337,500 JPY/sq.m1 件
東栄16,571,429 JPY245,756 JPY/sq.m7 件
桜木町8,666,667 JPY115,556 JPY/sq.m3 件
池端19,428,571 JPY277,737 JPY/sq.m7 件
西10,000,000 JPY197,802 JPY/sq.m3 件
西中町22,400,000 JPY291,548 JPY/sq.m5 件
西町15,540,000 JPY203,518 JPY/sq.m15 件
谷田町本林12,160,714 JPY173,164 JPY/sq.m28 件
逢妻町14,800,000 JPY182,598 JPY/sq.m10 件
長篠町13,243,750 JPY192,435 JPY/sq.m16 件
鳥居15,078,571 JPY174,223 JPY/sq.m14 件

Chiryu-Shi Apartment value Age transition

Market values (unit price: sq.m, ㎡) 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.)
AgeTrading PriceProportion
Price at New421,393 JPY/sq.m100 %
Residual Value (10 Years)330,698 JPY/sq.m78 %
Residual Value (20 Years)254,125 JPY/sq.m60 %
Residual Value (20 Years)191,677 JPY/sq.m45 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Chiryu-Shi 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 Chiryu-Shi 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.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Aichi Chiryu-Shi 谷田町本林 (Chiryu-Shi Higashikariya 9.0 min walk)
22.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2010-12-01 00:00:00

Trading price:   6,100,000 JPY,    Unit price:   76,250 JPY/sq.m

2. Aichi Chiryu-Shi 谷田町本林 (Chiryu-Shi Higashikariya 9.0 min walk)
23.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2011-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   137,500 JPY/sq.m

3. Aichi Chiryu-Shi 新池 (Chiryu-Shi Ushida 10.0 min walk)
23.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

4. Aichi Chiryu-Shi 南新地 (Chiryu-Shi Chiryuu 10.0 min walk)
21.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   312,500 JPY/sq.m

5. Aichi Chiryu-Shi 広見 (Chiryu-Shi Chiryuu 10.0 min walk)
20.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

6. Aichi Chiryu-Shi 新池 (Chiryu-Shi Ushida 9.0 min walk)
24.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   325,000 JPY/sq.m

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- 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

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.6 years old in 2019 and 15.7 years old in 2020; -33.7%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 8.0% of total transactions in 2019 and 28.6% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 8.4 min in 2019 and 10.0 min in 2020; +19.6%)
The table below shows Apartment dealt in Aichi Chiryu-Shi, 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:

Area close to the price in Chiryu-Shi

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
Toyota-Shi 日之出町 (20) [Area]20,000,000256,350 JPY/sq.m18.3 yrs12 min80 sq.m
Meito-Ku 貴船 (17) [Area]17,000,000258,824 JPY/sq.m20.3 yrs11 min70 sq.m
Chikusa-Ku 春里町 (19) [Area]23,000,000254,545 JPY/sq.m24.3 yrs9 min75 sq.m
Inazawa-Shi 小沢 (16) [Area]19,500,000260,000 JPY/sq.m21.8 yrs10 min77 sq.m
Tenpaku-Ku 横町 (29) [Area]18,000,000253,333 JPY/sq.m20.5 yrs11 min70 sq.m
JR JR Tokaido Main Line (3,312) [Stations]18,000,000258,824 JPY/sq.m20.5 yrs9 min70 sq.m
Meitetsu Mikawa Line Chiryuu (167) [Stations]18,000,000253,333 JPY/sq.m21.5 yrs10 min75 sq.m
Meitetsu Nagoya Main Line Chiryuu (167) [Stations]18,000,000253,333 JPY/sq.m21.5 yrs10 min75 sq.m
Meitetsu Inuyama Line Nakaotai (77) [Stations]18,000,000251,666 JPY/sq.m23.0 yrs9 min70 sq.m
JR (5,739) [Stations]16,000,000251,316 JPY/sq.m21.5 yrs9 min70 sq.m