Higashi-Ku Apartment average value

Price 404,463 JPY/sq.m
- Age 22.3 years old
- Dist. from Sta. 5.9 min walk
- Property area 58.7 sq.m

The average price of Aichi Nagoya-Shi Higashi-Ku Apartment, in 2020 was 400,943 JPY/sq.m. The market value represents a decrease of 26,272 JPY (-6.1%) compared to 1 year ago and a transition to a bear market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m, as well as 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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 32.0% of total transactions in 2019 and 36.1% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.6% of total transactions in 2019 and 2.1% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 32.8% of total transactions in 2019 and 38.1% of total transactions in 2020)
  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 15.6% of total transactions in 2019 and 13.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Higashi-Ku were calculated using data on the sales of 1,591 properties provided by the MLIT Japan.

Higashi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
主税町34,972,222 JPY404,562 JPY/sq.m36 件
代官町38,088,235 JPY506,420 JPY/sq.m107 件
出来町19,641,176 JPY272,555 JPY/sq.m68 件
前浪町13,200,000 JPY153,621 JPY/sq.m5 件
古出来27,250,000 JPY406,944 JPY/sq.m4 件
大幸17,212,500 JPY232,688 JPY/sq.m32 件
大幸南12,666,667 JPY152,500 JPY/sq.m9 件
大松町19,500,000 JPY300,000 JPY/sq.m4 件
山口町20,000,000 JPY307,692 JPY/sq.m1 件
徳川28,136,364 JPY362,932 JPY/sq.m125 件
徳川町27,368,421 JPY350,768 JPY/sq.m38 件
新出来20,400,000 JPY282,194 JPY/sq.m15 件
明倫町37,176,471 JPY438,914 JPY/sq.m17 件
東大曽根町14,053,846 JPY235,516 JPY/sq.m60 件
東桜8,615,000 JPY220,374 JPY/sq.m168 件
橦木町30,921,053 JPY393,650 JPY/sq.m38 件
22,520,280 JPY480,862 JPY/sq.m508 件
白壁35,196,429 JPY459,231 JPY/sq.m81 件
矢田22,700,000 JPY312,557 JPY/sq.m67 件
矢田南26,583,333 JPY353,056 JPY/sq.m24 件
矢田東26,833,333 JPY325,490 JPY/sq.m6 件
砂田橋13,821,429 JPY185,102 JPY/sq.m84 件
筒井26,250,000 JPY375,479 JPY/sq.m10 件
芳野18,080,435 JPY243,377 JPY/sq.m46 件
26,760,000 JPY501,414 JPY/sq.m101 件
豊前町28,200,000 JPY347,451 JPY/sq.m5 件
車道町25,666,667 JPY345,238 JPY/sq.m3 件
飯田町36,000,000 JPY360,000 JPY/sq.m1 件
黒門町21,400,000 JPY302,735 JPY/sq.m5 件

Higashi-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 New714,389 JPY/sq.m100 %
Residual Value (10 Years)557,424 JPY/sq.m78 %
Residual Value (20 Years)422,068 JPY/sq.m59 %
Residual Value (20 Years)308,322 JPY/sq.m43 %
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 Higashi-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 Higashi-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 Higashi-Ku 徳川町 (Nagoya-Shi Oozone 6.0 min walk)
19.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   29,000,000 JPY,    Unit price:   414,286 JPY/sq.m

2. Aichi Nagoya-Shi Higashi-Ku 芳野 (Nagoya-Shi Morishita 6.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

3. Aichi Nagoya-Shi Higashi-Ku 車道町 (Nagoya-Shi Kurumamichi 6.0 min walk)
18.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   357,143 JPY/sq.m

4. Aichi Nagoya-Shi Higashi-Ku 芳野 (Nagoya-Shi Morishita 6.0 min walk)
21.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-06-01 00:00:00

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

5. Aichi Nagoya-Shi Higashi-Ku 車道町 (Nagoya-Shi Kurumamichi 6.0 min walk)
17.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2012-12-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 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 middle size for a DINKS or an old age households less than 60 sq.m, as well as 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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 32.0% of total transactions in 2019 and 36.1% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.6% of total transactions in 2019 and 2.1% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 32.8% of total transactions in 2019 and 38.1% of total transactions in 2020)
  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 15.6% of total transactions in 2019 and 13.4% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Nagoya-Shi Higashi-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 Higashi-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
Nakagawa-Ku 吉良町 (5) [Area]31,000,000387,500 JPY/sq.m22.5 yrs5 min70 sq.m
Higashi-Ku 車道町 (3) [Area]25,000,000357,143 JPY/sq.m18.0 yrs6 min70 sq.m
Nagoya-Shi Showa-Ku (1,389) [Area]26,000,000350,000 JPY/sq.m22.0 yrs6 min70 sq.m
Nagoya-Shi Mizuho-Ku (885) [Area]27,000,000350,000 JPY/sq.m19.5 yrs7 min70 sq.m
Nagoya Subway Sakura-dori Line Takaoka (576) [Stations]17,000,000400,000 JPY/sq.m20.8 yrs6 min55 sq.m
Nagoya Subway Higashiyama Line Kakuouzann (291) [Stations]28,000,000411,111 JPY/sq.m19.3 yrs5 min70 sq.m
Nagoya Subway Higashiyama Line Kamejima (147) [Stations]21,000,000413,334 JPY/sq.m22.8 yrs5 min52 sq.m
Nagoya Subway Nagoya Subway Sakura-dori Line (4,223) [Stations]18,000,000381,666 JPY/sq.m18.5 yrs6 min65 sq.m
Nagoya Subway Meijo Line Aratamabashi (142) [Stations]24,500,000377,381 JPY/sq.m19.5 yrs5 min70 sq.m