Chikusa-Ku Apartment average value

Price 398,813 JPY/sq.m
- Age 21.5 years old
- Dist. from Sta. 7.6 min walk
- Property area 68.2 sq.m

The average price of Aichi Nagoya-Shi Chikusa-Ku Apartment, in 2020 was 404,200 JPY/sq.m. The market value represents a decrease of 18,269 JPY (-4.3%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic decrease in transactions involving relatively new buildings under 20 years old.

Causes of price decreases

  • An increase in average age of the building (representing 20.7 years old in 2019 and 23.8 years old in 2020; +14.6%)
  • An increase in average distance from the station (representing 7.0 min in 2019 and 7.7 min in 2020; +10.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.9% of total transactions in 2019 and 38.0% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.9% of total transactions in 2019 and 15.2% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chikusa-Ku were calculated using data on the sales of 2,189 properties provided by the MLIT Japan.

Chikusa-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
四谷通38,031,250 JPY441,598 JPY/sq.m16 件
千代が丘9,617,241 JPY141,834 JPY/sq.m29 件
千代田橋27,200,000 JPY338,370 JPY/sq.m20 件
千種25,801,587 JPY365,918 JPY/sq.m63 件
上野13,500,000 JPY186,058 JPY/sq.m2 件
下方町25,615,385 JPY309,948 JPY/sq.m13 件
丘上町48,000,000 JPY557,193 JPY/sq.m7 件
丸山町32,166,667 JPY369,917 JPY/sq.m12 件
京命18,722,222 JPY241,247 JPY/sq.m18 件
今池12,802,000 JPY422,581 JPY/sq.m185 件
今池南14,310,204 JPY213,580 JPY/sq.m49 件
仲田9,381,250 JPY232,758 JPY/sq.m17 件
光が丘17,675,000 JPY256,231 JPY/sq.m49 件
内山25,830,435 JPY435,348 JPY/sq.m88 件
北千種11,300,000 JPY184,875 JPY/sq.m5 件
南明町11,029,412 JPY216,393 JPY/sq.m17 件
古出来27,400,000 JPY389,303 JPY/sq.m10 件
向陽30,651,064 JPY363,127 JPY/sq.m47 件
向陽町42,633,333 JPY480,294 JPY/sq.m30 件
吹上24,647,059 JPY416,788 JPY/sq.m17 件
唐山町33,071,429 JPY422,044 JPY/sq.m15 件
園山町27,000,000 JPY317,647 JPY/sq.m1 件
城木町23,833,333 JPY324,568 JPY/sq.m18 件
堀割町26,000,000 JPY385,440 JPY/sq.m4 件
天満通5,520,000 JPY240,222 JPY/sq.m5 件
姫池通37,823,529 JPY491,081 JPY/sq.m17 件
宮の腰町18,500,000 JPY272,078 JPY/sq.m2 件
宮根台22,000,000 JPY295,366 JPY/sq.m17 件
富士見台29,836,486 JPY332,027 JPY/sq.m74 件
小松町36,666,667 JPY475,000 JPY/sq.m6 件
山添町17,500,000 JPY250,000 JPY/sq.m2 件
山門町31,800,000 JPY332,284 JPY/sq.m5 件
幸川町4,561,111 JPY182,444 JPY/sq.m19 件
御影町23,785,714 JPY310,128 JPY/sq.m28 件
御棚町28,000,000 JPY355,787 JPY/sq.m15 件
徳川山町32,628,571 JPY417,191 JPY/sq.m35 件
振甫町4,353,571 JPY184,524 JPY/sq.m29 件
揚羽町22,671,739 JPY269,358 JPY/sq.m46 件
新池町42,071,875 JPY484,389 JPY/sq.m92 件
新西10,514,286 JPY144,018 JPY/sq.m7 件
日和町33,627,273 JPY375,640 JPY/sq.m11 件
日岡町20,666,667 JPY236,658 JPY/sq.m12 件
日進通5,192,308 JPY196,154 JPY/sq.m14 件
星が丘元町28,435,294 JPY348,483 JPY/sq.m34 件
星が丘山手49,738,095 JPY545,454 JPY/sq.m42 件
星ケ丘25,296,296 JPY336,435 JPY/sq.m27 件
春岡26,478,431 JPY346,407 JPY/sq.m51 件
春岡通20,428,571 JPY270,273 JPY/sq.m14 件
春里町23,342,105 JPY288,860 JPY/sq.m19 件
月見坂町40,181,818 JPY473,286 JPY/sq.m11 件
朝岡町35,666,667 JPY477,591 JPY/sq.m3 件
末盛通19,607,692 JPY431,451 JPY/sq.m69 件
本山町43,800,000 JPY486,418 JPY/sq.m5 件
東千種台4,150,000 JPY83,000 JPY/sq.m2 件
東山元町34,210,526 JPY390,042 JPY/sq.m19 件
東山通19,375,000 JPY261,161 JPY/sq.m4 件
東明町37,000,000 JPY434,609 JPY/sq.m24 件
松竹町16,416,667 JPY318,645 JPY/sq.m6 件
桐林町47,000,000 JPY604,758 JPY/sq.m15 件
桜が丘33,416,667 JPY486,319 JPY/sq.m24 件
橋本町54,500,000 JPY653,684 JPY/sq.m2 件
汁谷町24,540,741 JPY319,990 JPY/sq.m54 件
池上町18,869,231 JPY270,685 JPY/sq.m13 件
池下49,031,579 JPY653,606 JPY/sq.m38 件
池下町67,423,077 JPY866,816 JPY/sq.m26 件
池園町39,045,454 JPY463,353 JPY/sq.m11 件
法王町64,000,000 JPY659,794 JPY/sq.m17 件
清住町29,512,245 JPY352,740 JPY/sq.m49 件
猪高町大字猪子石7,711,111 JPY158,009 JPY/sq.m25 件
猫洞通24,009,091 JPY303,401 JPY/sq.m22 件
田代本通41,727,273 JPY503,318 JPY/sq.m11 件
田代町16,327,273 JPY199,056 JPY/sq.m56 件
神田町9,100,000 JPY133,025 JPY/sq.m18 件
稲舟通40,000,000 JPY547,222 JPY/sq.m3 件
穂波町21,385,714 JPY307,375 JPY/sq.m22 件
竹越17,131,818 JPY241,483 JPY/sq.m22 件
自由ケ丘27,142,857 JPY248,240 JPY/sq.m7 件
若水14,102,174 JPY196,705 JPY/sq.m46 件
茶屋が坂30,333,333 JPY454,365 JPY/sq.m6 件
茶屋坂通16,153,846 JPY235,051 JPY/sq.m13 件
菊坂町15,764,000 JPY306,978 JPY/sq.m25 件
萩岡町34,000,000 JPY364,152 JPY/sq.m4 件
萱場23,428,571 JPY331,296 JPY/sq.m14 件
見附町39,000,000 JPY467,680 JPY/sq.m18 件
覚王山通14,011,111 JPY221,217 JPY/sq.m18 件
観月町20,791,667 JPY289,457 JPY/sq.m12 件
谷口町14,100,000 JPY221,991 JPY/sq.m5 件
豊年町15,133,333 JPY244,846 JPY/sq.m12 件
赤坂町19,000,000 JPY253,333 JPY/sq.m1 件
鍋屋上野町36,238,095 JPY445,494 JPY/sq.m21 件
霞ケ丘15,400,000 JPY217,143 JPY/sq.m5 件
青柳町32,000,000 JPY400,000 JPY/sq.m2 件
香流橋17,351,724 JPY199,753 JPY/sq.m29 件
高見43,356,000 JPY531,337 JPY/sq.m63 件
鹿子殿17,734,286 JPY248,452 JPY/sq.m35 件
鹿子町34,391,304 JPY400,763 JPY/sq.m46 件

Chikusa-Ku 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 New745,894 JPY/sq.m100 %
Residual Value (10 Years)540,530 JPY/sq.m72 %
Residual Value (20 Years)383,206 JPY/sq.m51 %
Residual Value (20 Years)273,922 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
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Chikusa-Ku 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 Chikusa-Ku 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 Nagoya-Shi Chikusa-Ku 高見 (Nagoya-Shi Ikeshita 7.0 min walk)
18.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   31,000,000 JPY,    Unit price:   413,333 JPY/sq.m

2. Aichi Nagoya-Shi Chikusa-Ku 桜が丘 (Nagoya-Shi Hoshigaoka 7.0 min walk)
18.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   34,000,000 JPY,    Unit price:   453,333 JPY/sq.m

3. Aichi Nagoya-Shi Chikusa-Ku 桜が丘 (Nagoya-Shi Hoshigaoka 7.0 min walk)
17.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   360,000 JPY/sq.m

4. Aichi Nagoya-Shi Chikusa-Ku 城木町 (Nagoya-Shi Fukiage 7.0 min walk)
17.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

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

5. Aichi Nagoya-Shi Chikusa-Ku 霞ケ丘 (Nagoya-Shi Jiyugaoka 7.0 min walk)
17.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   257,143 JPY/sq.m

6. Aichi Nagoya-Shi Chikusa-Ku 汁谷町 (Nagoya-Shi Chayagasaka 7.0 min walk)
17.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2019-03-01 00:00:00

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

7. Aichi Nagoya-Shi Chikusa-Ku 汁谷町 (Nagoya-Shi Chayagasaka 7.0 min walk)
16.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-09-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   320,000 JPY/sq.m

8. Aichi Nagoya-Shi Chikusa-Ku 丸山町 (Nagoya-Shi Ikeshita 7.0 min walk)
20.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   28,000,000 JPY,    Unit price:   373,333 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 old buildings under 40 years old, as well as a dramatic decrease in transactions involving relatively new buildings under 20 years old.

Causes of price decreases

  • An increase in average age of the building (representing 20.7 years old in 2019 and 23.8 years old in 2020; +14.6%)
  • An increase in average distance from the station (representing 7.0 min in 2019 and 7.7 min in 2020; +10.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.9% of total transactions in 2019 and 38.0% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.9% of total transactions in 2019 and 15.2% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Nagoya-Shi Chikusa-Ku, 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 Chikusa-Ku

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
Higashi-Ku 徳川 (125) [Area]29,000,000400,000 JPY/sq.m20.5 yrs8 min70 sq.m
Showa-Ku 菊園町 (7) [Area]40,000,000385,714 JPY/sq.m17.3 yrs9 min80 sq.m
Chikusa-Ku 徳川山町 (35) [Area]34,000,000423,529 JPY/sq.m18.3 yrs7 min75 sq.m
Mizuho-Ku 村上町 (10) [Area]24,000,000365,812 JPY/sq.m17.5 yrs9 min75 sq.m
Nagoya Subway Sakura-dori Line Sakurayama (213) [Stations]32,000,000394,118 JPY/sq.m17.8 yrs6 min75 sq.m
Nagoya Subway Sakura-dori Line Fukiage (187) [Stations]28,000,000389,474 JPY/sq.m21.9 yrs9 min70 sq.m
Nagoya Subway Sakura-dori Line Mizuhokuyakusho (107) [Stations]31,000,000387,500 JPY/sq.m20.3 yrs7 min75 sq.m
Nagoya Subway Higashiyama Line Ikeshita (289) [Stations]28,000,000371,282 JPY/sq.m23.3 yrs6 min75 sq.m
Nagoya Subway Meijo Line Motoyama (188) [Stations]37,000,000428,174 JPY/sq.m18.5 yrs7 min80 sq.m