Chita-Shi Apartment average value

Price 125,605 JPY/sq.m
- Age 29.7 years old
- Dist. from Sta. 12.3 min walk
- Property area 66.0 sq.m

The average price of Aichi Chita-Shi Apartment, in 2020 was 158,666 JPY/sq.m. The market value represents an increase of 35,010 JPY (+28.3%) 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 far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 31.1 years old in 2019 and 27.0 years old in 2020; -13.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2019 and 14.5 min in 2020; +45.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2019 and 100.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chita-Shi were calculated using data on the sales of 158 properties provided by the MLIT Japan.

Chita-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八幡13,347,368 JPY172,730 JPY/sq.m19 件
八幡新町11,200,000 JPY160,000 JPY/sq.m3 件
つつじが丘3,174,576 JPY65,682 JPY/sq.m59 件
大草20,400,000 JPY252,289 JPY/sq.m10 件
岡田11,906,667 JPY160,833 JPY/sq.m15 件
岡田美里町15,166,667 JPY192,034 JPY/sq.m6 件
巽が丘16,000,000 JPY202,333 JPY/sq.m5 件
新知9,788,889 JPY124,558 JPY/sq.m9 件
新舞子11,406,667 JPY160,443 JPY/sq.m30 件
新舞子東町13,210,000 JPY181,210 JPY/sq.m10 件
日長3,733,333 JPY74,667 JPY/sq.m3 件
長浦8,262,500 JPY114,957 JPY/sq.m8 件

Chita-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 New322,266 JPY/sq.m100 %
Residual Value (10 Years)249,267 JPY/sq.m77 %
Residual Value (20 Years)183,301 JPY/sq.m57 %
Residual Value (20 Years)124,368 JPY/sq.m39 %
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 Chita-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 Chita-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 Chita-Shi 八幡新町 (Chita-Shi Asakura 13.0 min walk)
28.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

2. Aichi Chita-Shi 新舞子 (Chita-Shi Shinnmaiko 12.0 min walk)
27.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-12-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   80,000 JPY/sq.m

3. Aichi Chita-Shi 八幡新町 (Chita-Shi Asakura 12.0 min walk)
27.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   4,600,000 JPY,    Unit price:   65,714 JPY/sq.m

4. Aichi Chita-Shi 八幡新町 (Chita-Shi Asakura 12.0 min walk)
27.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

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

5. Aichi Chita-Shi 岡田 (Chita-Shi Nagaura 16.0 min walk)
25.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

6. Aichi Chita-Shi 新舞子東町 (Chita-Shi Shinnmaiko 12.0 min walk)
24.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   3,500,000 JPY,    Unit price:   46,667 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 far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 31.1 years old in 2019 and 27.0 years old in 2020; -13.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2019 and 14.5 min in 2020; +45.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2019 and 100.0% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Chita-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 Chita-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
Kiyosu-Shi 阿原 (8) [Area]8,500,000126,666 JPY/sq.m29.9 yrs11 min75 sq.m
Moriyama-Ku 太田井 (4) [Area]8,900,000121,849 JPY/sq.m26.0 yrs10 min70 sq.m
Moriyama-Ku 元郷 (3) [Area]8,000,000130,000 JPY/sq.m26.8 yrs10 min60 sq.m
Minato-Ku 新川町 (23) [Area]8,500,000130,667 JPY/sq.m30.0 yrs14 min60 sq.m
Meitetsu Meitetsu Tsushima Line (356) [Stations]10,000,000133,333 JPY/sq.m24.8 yrs13 min70 sq.m
Meitetsu Tokoname Line Ooe (51) [Stations]8,900,000134,121 JPY/sq.m24.6 yrs11 min65 sq.m
Meitetsu Chikko Line Ooe (51) [Stations]8,900,000134,121 JPY/sq.m24.6 yrs11 min65 sq.m
Meitetsu Meitetsu Chikko Line (52) [Stations]9,000,000135,385 JPY/sq.m24.5 yrs11 min65 sq.m
Meitetsu Inuyama Line Hotei (53) [Stations]8,500,000114,286 JPY/sq.m25.0 yrs11 min75 sq.m