Minato-Ku Apartment average value

Price 187,745 JPY/sq.m
- Age 23.3 years old
- Dist. from Sta. 13.6 min walk
- Property area 70.4 sq.m

The average price of Aichi Nagoya-Shi Minato-Ku Apartment, in 2020 was 186,608 JPY/sq.m. The market value represents a decrease of 23,656 JPY (-11.3%) compared to 1 year ago and a transition to a weak market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.1 min in 2019 and 9.5 min in 2020; -21.3%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.8% of total transactions in 2019 and 3.6% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 20.7 years old in 2019 and 24.8 years old in 2020; +19.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.7% of total transactions in 2019 and 59.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Minato-Ku were calculated using data on the sales of 932 properties provided by the MLIT Japan.

Minato-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
七番町20,000,000 JPY249,393 JPY/sq.m2 件
九番町17,666,667 JPY242,030 JPY/sq.m3 件
十一屋14,605,000 JPY205,106 JPY/sq.m20 件
千鳥20,666,667 JPY270,556 JPY/sq.m3 件
いろは町16,318,182 JPY211,008 JPY/sq.m22 件
中川本町13,660,000 JPY188,396 JPY/sq.m20 件
作倉町8,542,857 JPY122,041 JPY/sq.m7 件
入場13,062,963 JPY167,978 JPY/sq.m27 件
入船9,757,143 JPY145,919 JPY/sq.m21 件
南十一番町13,715,385 JPY193,043 JPY/sq.m13 件
名四町6,550,000 JPY96,307 JPY/sq.m4 件
名港5,731,579 JPY106,788 JPY/sq.m39 件
品川町17,130,435 JPY233,659 JPY/sq.m23 件
善南町10,750,000 JPY153,260 JPY/sq.m4 件
善進本町11,521,429 JPY172,654 JPY/sq.m14 件
善進町20,000,000 JPY250,000 JPY/sq.m1 件
宝神12,196,296 JPY169,428 JPY/sq.m27 件
寛政町27,235,294 JPY418,228 JPY/sq.m17 件
小割通16,625,000 JPY225,296 JPY/sq.m8 件
小碓12,333,333 JPY172,139 JPY/sq.m24 件
小賀須12,066,667 JPY164,314 JPY/sq.m12 件
川西通14,000,000 JPY186,667 JPY/sq.m1 件
川間町14,666,667 JPY213,162 JPY/sq.m18 件
当知9,638,889 JPY135,397 JPY/sq.m18 件
惟信町14,488,889 JPY188,353 JPY/sq.m9 件
新川町8,791,304 JPY136,571 JPY/sq.m23 件
新船町15,184,615 JPY211,479 JPY/sq.m13 件
春田野12,888,889 JPY176,668 JPY/sq.m10 件
木場町12,186,046 JPY163,666 JPY/sq.m235 件
本宮町13,557,143 JPY202,569 JPY/sq.m7 件
東築地町4,851,111 JPY72,502 JPY/sq.m9 件
東蟹田10,961,538 JPY153,142 JPY/sq.m13 件
正保町7,583,333 JPY130,097 JPY/sq.m6 件
正徳町11,514,286 JPY166,575 JPY/sq.m28 件
油屋町12,116,667 JPY166,091 JPY/sq.m6 件
津金5,860,000 JPY96,143 JPY/sq.m5 件
19,312,500 JPY245,266 JPY/sq.m16 件
港明28,000,000 JPY377,673 JPY/sq.m17 件
港栄11,800,000 JPY162,589 JPY/sq.m15 件
港楽5,476,471 JPY93,476 JPY/sq.m36 件
港陽10,228,302 JPY182,348 JPY/sq.m53 件
甚兵衛通9,975,000 JPY133,000 JPY/sq.m4 件
知多14,620,000 JPY200,175 JPY/sq.m15 件
神宮寺12,000,000 JPY152,521 JPY/sq.m2 件
秋葉8,900,000 JPY111,250 JPY/sq.m1 件
稲永15,054,546 JPY193,420 JPY/sq.m11 件
築盛町18,600,000 JPY237,288 JPY/sq.m10 件
船頭場11,417,647 JPY152,306 JPY/sq.m17 件
遠若町7,700,000 JPY128,333 JPY/sq.m1 件
錦町13,500,000 JPY188,202 JPY/sq.m8 件
須成町10,933,333 JPY148,420 JPY/sq.m12 件
高木町18,000,000 JPY218,889 JPY/sq.m2 件

Minato-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 New375,105 JPY/sq.m100 %
Residual Value (10 Years)277,631 JPY/sq.m74 %
Residual Value (20 Years)201,704 JPY/sq.m54 %
Residual Value (20 Years)147,323 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 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 Minato-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 Minato-Ku 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 Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 12.0 min walk)
23.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-03-01 00:00:00

Trading price:   6,100,000 JPY,    Unit price:   93,846 JPY/sq.m

2. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 12.0 min walk)
22.0 years old , Area: 75.0 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:   173,333 JPY/sq.m

3. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 11.0 min walk)
23.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-09-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   118,571 JPY/sq.m

4. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 12.0 min walk)
21.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-09-01 00:00:00

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

5. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 12.0 min walk)
24.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   115,385 JPY/sq.m

6. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 12.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2006-12-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   115,385 JPY/sq.m

7. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 11.0 min walk)
24.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-12-01 00:00:00

Trading price:   8,200,000 JPY,    Unit price:   117,143 JPY/sq.m

8. Aichi Nagoya-Shi Minato-Ku 正徳町 (Nagoya-Shi Nakajima 11.0 min walk)
20.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-12-01 00:00:00

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

9. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 11.0 min walk)
25.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-03-01 00:00:00

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

10. Aichi Nagoya-Shi Minato-Ku 木場町 (Nagoya-Shi Doutoku 11.0 min walk)
20.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 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 less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.1 min in 2019 and 9.5 min in 2020; -21.3%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.8% of total transactions in 2019 and 3.6% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 20.7 years old in 2019 and 24.8 years old in 2020; +19.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.7% of total transactions in 2019 and 59.3% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Nagoya-Shi Minato-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 Minato-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
Minato-Ku 稲永 (11) [Area]15,000,000187,500 JPY/sq.m22.8 yrs15 min80 sq.m
Meito-Ku 藤森 (65) [Area]11,500,000186,666 JPY/sq.m26.1 yrs16 min62 sq.m
Minato-Ku 錦町 (8) [Area]13,000,000186,190 JPY/sq.m22.8 yrs11 min72 sq.m
Chikusa-Ku 上野 (2) [Area]13,500,000186,058 JPY/sq.m22.9 yrs12 min72 sq.m
Nagoya Subway Sakura-dori Line Nonami (480) [Stations]15,000,000200,000 JPY/sq.m24.3 yrs11 min70 sq.m
Nagoya Subway Sakura-dori Line Kamisawa (185) [Stations]14,000,000200,000 JPY/sq.m25.3 yrs13 min70 sq.m
Nagoya Subway Tsurumai Line Shiogamaguchi (125) [Stations]15,000,000205,263 JPY/sq.m18.5 yrs9 min70 sq.m
Nagoya Subway Tsurumai Line Shounairyokuchikouenn (90) [Stations]16,500,000235,829 JPY/sq.m14.3 yrs11 min70 sq.m
Nagoya Subway Higashiyama Line Issha (365) [Stations]17,000,000236,364 JPY/sq.m32.5 yrs10 min70 sq.m