Mihama-Cho Apartment average value

Price 80,306 JPY/sq.m
- Age 26.1 years old
- Dist. from Sta. 6.9 min walk
- Property area 44.0 sq.m

The average price of Aichi Chita-Gun Mihama-Cho Apartment, in 2016 was 102,222 JPY/sq.m. The market value represents an increase of 31,018 JPY (+43.6%) 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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.3 min in 2015 and 4.0 min in 2016; -57.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2015 and 100.0% of total transactions in 2016)
Data regarding the market value and its changes of Apartment in Mihama-Cho were calculated using data on the sales of 10 properties provided by the MLIT Japan.

Mihama-Cho Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
大字河和4,025,000 JPY89,444 JPY/sq.m8 件
大字野間1,750,000 JPY43,750 JPY/sq.m2 件
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

Mihama-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 New200,672 JPY/sq.m100 %
Residual Value (10 Years)161,224 JPY/sq.m80 %
Residual Value (20 Years)114,617 JPY/sq.m57 %
Residual Value (20 Years)60,850 JPY/sq.m30 %
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 Mihama-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 Mihama-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 Mihama-Cho 大字河和 (Chita-Gun Kouwa 4.0 min walk)
27.3 years old , Area: 45.0 sq.m , Total floor area: sq.m , Layout: 2DK , Structure: SRC、RC
- Trading date: 2015-06-01 00:00:00

Trading price:   2,800,000 JPY,    Unit price:   62,222 JPY/sq.m

2. Aichi Chita-Gun Mihama-Cho 大字河和 (Chita-Gun Kouwa 4.0 min walk)
25.8 years old , Area: 45.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   88,889 JPY/sq.m

3. Aichi Chita-Gun Mihama-Cho 大字河和 (Chita-Gun Kouwa 4.0 min walk)
27.8 years old , Area: 45.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: SRC、RC
- Trading date: 2015-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   88,889 JPY/sq.m

4. Aichi Chita-Gun Mihama-Cho 大字河和 (Chita-Gun Kouwa 4.0 min walk)
28.5 years old , Area: 45.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: SRC、RC
- Trading date: 2016-09-01 00:00:00

Trading price:   4,600,000 JPY,    Unit price:   102,222 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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.3 min in 2015 and 4.0 min in 2016; -57.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2015 and 100.0% of total transactions in 2016)
The table below shows Apartment dealt in Aichi Chita-Gun Mihama-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 Mihama-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
Mihama-Cho 大字河和 (8) [Area]4,000,00088,889 JPY/sq.m27.5 yrs4 min45 sq.m
Higashiura-Cho 大字藤江 (21) [Area]8,500,000111,111 JPY/sq.m19.3 yrs13 min70 sq.m
Chita-Gun Higashiura-Cho (67) [Area]11,000,000142,857 JPY/sq.m20.0 yrs9 min70 sq.m
Higashiura-Cho 大字生路 (26) [Area]10,500,000146,428 JPY/sq.m22.6 yrs2 min70 sq.m