Iwakura-Shi Apartment average value

Price 233,127 JPY/sq.m
- Age 21.7 years old
- Dist. from Sta. 7.5 min walk
- Property area 77.1 sq.m

The average price of Aichi Iwakura-Shi Apartment, in 2020 was 218,762 JPY/sq.m. The market value represents an increase of 15,723 JPY (+7.7%) compared to 1 year ago and a transition to a strong 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.8 min in 2019 and 8.9 min in 2020; +31.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2019 and 77.8% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Iwakura-Shi were calculated using data on the sales of 190 properties provided by the MLIT Japan.

Iwakura-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
下本町18,942,857 JPY235,676 JPY/sq.m35 件
中央町11,000,000 JPY157,143 JPY/sq.m4 件
中本町17,928,571 JPY207,534 JPY/sq.m7 件
大地新町10,000,000 JPY153,846 JPY/sq.m1 件
大地町15,285,714 JPY186,137 JPY/sq.m14 件
新柳町14,222,727 JPY189,381 JPY/sq.m44 件
昭和町9,916,667 JPY140,428 JPY/sq.m6 件
本町31,125,000 JPY388,352 JPY/sq.m40 件
東町17,000,000 JPY226,667 JPY/sq.m1 件
栄町17,566,667 JPY235,912 JPY/sq.m12 件
神野町6,833,333 JPY123,817 JPY/sq.m3 件
西市町16,475,000 JPY203,219 JPY/sq.m20 件
鈴井町12,266,667 JPY153,333 JPY/sq.m3 件

Iwakura-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 New555,312 JPY/sq.m100 %
Residual Value (10 Years)329,845 JPY/sq.m59 %
Residual Value (20 Years)213,780 JPY/sq.m38 %
Residual Value (20 Years)207,118 JPY/sq.m37 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Iwakura-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 Iwakura-Shi Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{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 Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
22.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-06-01 00:00:00

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

2. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
22.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

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

3. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
22.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

4. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
22.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

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

5. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
21.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

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

6. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
21.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

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

7. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
21.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

8. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
23.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   160,000 JPY/sq.m

9. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
21.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-03-01 00:00:00

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

10. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

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

11. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   160,000 JPY/sq.m

12. Aichi Iwakura-Shi 新柳町 (Iwakura-Shi Iwakura 7.0 min walk)
20.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-09-01 00:00:00

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

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.8 min in 2019 and 8.9 min in 2020; +31.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2019 and 77.8% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Iwakura-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 Iwakura-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
Inazawa-Shi 北市場本町 (4) [Area]21,500,000232,164 JPY/sq.m21.8 yrs8 min90 sq.m
Chiryu-Shi 東栄 (7) [Area]15,000,000230,769 JPY/sq.m20.8 yrs8 min65 sq.m
Moriyama-Ku 小幡 (133) [Area]15,000,000230,769 JPY/sq.m22.8 yrs9 min70 sq.m
Nishi-Ku 栄生 (9) [Area]15,000,000230,769 JPY/sq.m18.0 yrs6 min70 sq.m
Anjo-Shi 浜富町 (2) [Area]16,500,000235,714 JPY/sq.m22.9 yrs7 min70 sq.m
Aichi Loop Line Mutsuna (6) [Stations]16,500,000235,714 JPY/sq.m22.3 yrs6 min70 sq.m
JR Tokaido Main Line Aiduma (23) [Stations]16,000,000230,000 JPY/sq.m19.0 yrs9 min70 sq.m
Meitetsu Inuyama Line Iwakura (183) [Stations]17,000,000222,222 JPY/sq.m22.3 yrs7 min75 sq.m
Meitetsu Komaki Line Komaki (166) [Stations]16,000,000221,026 JPY/sq.m20.6 yrs8 min77 sq.m
Linimo Nagakutekosennjou (22) [Stations]18,500,000215,790 JPY/sq.m18.6 yrs8 min80 sq.m