Higashiura-Cho Apartment average value

Price 143,141 JPY/sq.m
- Age 20.7 years old
- Dist. from Sta. 8.8 min walk
- Property area 74.9 sq.m

The average price of Aichi Chita-Gun Higashiura-Cho Apartment, in 2020 was 190,675 JPY/sq.m. The market value represents an increase of 32,804 JPY (+20.8%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.4 min in 2019 and 6.7 min in 2020; -36.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 33.3% of total transactions in 2019 and 33.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Higashiura-Cho were calculated using data on the sales of 67 properties provided by the MLIT Japan.

Higashiura-Cho Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
大字森岡13,050,000 JPY178,560 JPY/sq.m10 件
大字生路10,696,154 JPY145,506 JPY/sq.m26 件
大字石浜12,166,667 JPY163,075 JPY/sq.m3 件
大字緒川10,471,429 JPY139,456 JPY/sq.m7 件
大字藤江9,323,810 JPY121,728 JPY/sq.m21 件

Higashiura-Cho 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 New304,851 JPY/sq.m100 %
Residual Value (10 Years)176,063 JPY/sq.m58 %
Residual Value (20 Years)136,336 JPY/sq.m45 %
Residual Value (20 Years)185,671 JPY/sq.m61 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

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




Calculate Higashiura-Cho 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 Higashiura-Cho 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 Chita-Gun Higashiura-Cho 大字森岡 (Chita-Gun Owarimorioka 10.0 min walk)
18.5 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:   9,500,000 JPY,    Unit price:   135,714 JPY/sq.m

2. Aichi Chita-Gun Higashiura-Cho 大字森岡 (Chita-Gun Owarimorioka 10.0 min walk)
22.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Aichi Chita-Gun Higashiura-Cho 大字緒川 (Chita-Gun Ogawa 8.0 min walk)
23.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   171,429 JPY/sq.m

4. Aichi Chita-Gun Higashiura-Cho 大字緒川 (Chita-Gun Ogawa 8.0 min walk)
16.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2007-12-01 00:00:00

Trading price:   9,600,000 JPY,    Unit price:   120,000 JPY/sq.m

5. Aichi Chita-Gun Higashiura-Cho 大字森岡 (Chita-Gun Owarimorioka 10.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 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 decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.4 min in 2019 and 6.7 min in 2020; -36.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 33.3% of total transactions in 2019 and 33.3% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Chita-Gun Higashiura-Cho, 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 Higashiura-Cho

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
Higashiura-Cho 大字緒川 (7) [Area]12,000,000150,000 JPY/sq.m23.0 yrs8 min75 sq.m
Higashiura-Cho 大字石浜 (3) [Area]11,000,000157,143 JPY/sq.m19.5 yrs11 min75 sq.m
Higashiura-Cho 大字森岡 (10) [Area]12,500,000172,857 JPY/sq.m19.3 yrs9 min70 sq.m