Meito-Ku Apartment average value

Price 308,851 JPY/sq.m
- Age 23.4 years old
- Dist. from Sta. 11.9 min walk
- Property area 71.2 sq.m

The average price of Aichi Nagoya-Shi Meito-Ku Apartment, in 2020 was 354,124 JPY/sq.m. The market value represents an increase of 29,194 JPY (+9.0%) 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 small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving new buildings under 10 years old.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.8 min in 2019 and 9.9 min in 2020; -22.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.4% of total transactions in 2019 and 20.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2019 and 11.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 31.4% of total transactions in 2019 and 40.0% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 9.5% of total transactions in 2019 and 4.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Meito-Ku were calculated using data on the sales of 1,398 properties provided by the MLIT Japan.

Meito-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
一社34,900,000 JPY430,884 JPY/sq.m59 件
八前14,450,000 JPY191,061 JPY/sq.m28 件
にじが丘24,842,105 JPY311,922 JPY/sq.m19 件
よもぎ台25,736,842 JPY333,349 JPY/sq.m19 件
丁田町12,915,385 JPY194,776 JPY/sq.m13 件
上社23,135,294 JPY336,375 JPY/sq.m115 件
上菅23,263,158 JPY291,434 JPY/sq.m19 件
亀の井20,197,778 JPY280,840 JPY/sq.m138 件
勢子坊20,954,546 JPY314,846 JPY/sq.m22 件
名東本町26,735,294 JPY321,012 JPY/sq.m17 件
名東本通10,390,141 JPY178,789 JPY/sq.m71 件
大針18,500,000 JPY275,274 JPY/sq.m2 件
宝が丘23,120,000 JPY321,725 JPY/sq.m15 件
富が丘23,714,286 JPY301,667 JPY/sq.m7 件
小井堀町17,135,294 JPY220,887 JPY/sq.m17 件
小池町25,800,000 JPY345,247 JPY/sq.m5 件
山の手10,050,000 JPY160,839 JPY/sq.m4 件
平和が丘10,259,091 JPY127,112 JPY/sq.m71 件
延珠町12,600,000 JPY176,539 JPY/sq.m5 件
引山16,722,222 JPY228,616 JPY/sq.m18 件
扇町30,090,323 JPY382,868 JPY/sq.m31 件
文教台14,656,522 JPY191,326 JPY/sq.m25 件
新宿14,666,667 JPY209,524 JPY/sq.m3 件
明が丘27,928,571 JPY396,243 JPY/sq.m14 件
朝日が丘34,500,000 JPY468,137 JPY/sq.m4 件
本郷27,760,714 JPY362,317 JPY/sq.m70 件
梅森坂11,375,000 JPY142,398 JPY/sq.m4 件
植園町19,452,000 JPY255,877 JPY/sq.m25 件
照が丘32,666,667 JPY421,621 JPY/sq.m9 件
牧の原27,500,000 JPY285,987 JPY/sq.m8 件
牧の里15,333,333 JPY219,048 JPY/sq.m6 件
猪子石16,058,064 JPY218,601 JPY/sq.m31 件
猪子石原13,133,333 JPY194,713 JPY/sq.m6 件
猪高台19,461,538 JPY257,875 JPY/sq.m13 件
猪高町大字藤森25,000,000 JPY312,157 JPY/sq.m2 件
石が根町27,571,429 JPY364,794 JPY/sq.m21 件
社が丘20,000,000 JPY266,189 JPY/sq.m34 件
社口19,590,000 JPY264,873 JPY/sq.m76 件
社台24,587,879 JPY341,261 JPY/sq.m66 件
神丘町30,277,778 JPY356,802 JPY/sq.m36 件
神月町16,500,000 JPY243,956 JPY/sq.m2 件
神里27,000,000 JPY295,757 JPY/sq.m7 件
藤が丘25,777,778 JPY318,805 JPY/sq.m9 件
藤森12,167,500 JPY203,951 JPY/sq.m65 件
藤森西町11,046,364 JPY192,947 JPY/sq.m57 件
藤見が丘40,272,727 JPY511,451 JPY/sq.m11 件
藤里町6,265,854 JPY97,150 JPY/sq.m41 件
西里町22,727,273 JPY278,451 JPY/sq.m11 件
豊が丘18,100,000 JPY248,881 JPY/sq.m10 件
貴船18,500,000 JPY251,665 JPY/sq.m17 件
赤松台18,666,667 JPY244,643 JPY/sq.m3 件
陸前町23,333,333 JPY298,611 JPY/sq.m3 件
香南7,705,556 JPY146,125 JPY/sq.m18 件
香坂16,000,000 JPY246,154 JPY/sq.m2 件
香流17,000,000 JPY223,630 JPY/sq.m5 件
高柳町34,000,000 JPY408,280 JPY/sq.m17 件
高社35,384,615 JPY437,702 JPY/sq.m13 件
高針17,404,762 JPY225,798 JPY/sq.m21 件
高針原14,562,500 JPY191,458 JPY/sq.m8 件
高針台15,666,667 JPY211,111 JPY/sq.m3 件
高針荒田23,400,000 JPY288,611 JPY/sq.m5 件

Meito-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 New639,475 JPY/sq.m100 %
Residual Value (10 Years)450,572 JPY/sq.m70 %
Residual Value (20 Years)310,947 JPY/sq.m49 %
Residual Value (20 Years)220,599 JPY/sq.m34 %
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 Meito-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 Meito-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 Meito-Ku 社口 (Nagoya-Shi Kamiyashiro 11.0 min walk)
21.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2006-09-01 00:00:00

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

2. Aichi Nagoya-Shi Meito-Ku 社台 (Nagoya-Shi Kamiyashiro 11.0 min walk)
21.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   242,857 JPY/sq.m

3. Aichi Nagoya-Shi Meito-Ku 富が丘 (Nagoya-Shi Fujigaoka 9.0 min walk)
20.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   28,000,000 JPY,    Unit price:   350,000 JPY/sq.m

4. Aichi Nagoya-Shi Meito-Ku にじが丘 (Nagoya-Shi Hoshigaoka 9.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   271,429 JPY/sq.m

5. Aichi Nagoya-Shi Meito-Ku 社台 (Nagoya-Shi Kamiyashiro 11.0 min walk)
23.0 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:   24,000,000 JPY,    Unit price:   320,000 JPY/sq.m

6. Aichi Nagoya-Shi Meito-Ku 亀の井 (Nagoya-Shi Hoshigaoka 9.0 min walk)
19.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2007-09-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   271,429 JPY/sq.m

7. Aichi Nagoya-Shi Meito-Ku 一社 (Nagoya-Shi Kamiyashiro 9.0 min walk)
23.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   31,000,000 JPY,    Unit price:   413,333 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 small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving new buildings under 10 years old.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.8 min in 2019 and 9.9 min in 2020; -22.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.4% of total transactions in 2019 and 20.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2019 and 11.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 31.4% of total transactions in 2019 and 40.0% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 9.5% of total transactions in 2019 and 4.4% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Nagoya-Shi Meito-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 Meito-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
Moriyama-Ku 大字上志段味 (3) [Area]23,000,000300,000 JPY/sq.m24.8 yrs10 min75 sq.m
Showa-Ku 滝子町 (9) [Area]24,000,000328,571 JPY/sq.m22.0 yrs13 min75 sq.m
Kita-Ku 山田北町 (20) [Area]21,500,000287,500 JPY/sq.m23.3 yrs11 min77 sq.m
Higashi-Ku 新出来 (15) [Area]18,000,000283,333 JPY/sq.m19.3 yrs14 min70 sq.m
Nagoya Subway Higashiyama Line Kamiyashiro (296) [Stations]21,000,000307,180 JPY/sq.m22.9 yrs11 min70 sq.m
Nagoya Subway Meijo Line Kurokawa (318) [Stations]22,500,000287,121 JPY/sq.m23.0 yrs14 min70 sq.m
Nagoya Subway Tsurumai Line Hara (264) [Stations]17,000,000285,714 JPY/sq.m23.8 yrs10 min67 sq.m
Nagoya Subway Tsurumai Line Shounaidoori (260) [Stations]18,000,000283,333 JPY/sq.m27.8 yrs10 min70 sq.m
Nagoya Subway Higashiyama Line Fujigaoka (751) [Stations]20,000,000276,923 JPY/sq.m22.3 yrs14 min70 sq.m