Naka-Ku Apartment average value

Price 438,307 JPY/sq.m
- Age 21.0 years old
- Dist. from Sta. 4.9 min walk
- Property area 44.3 sq.m

The average price of Aichi Nagoya-Shi Naka-Ku Apartment, in 2020 was 488,686 JPY/sq.m. The market value represents an increase of 48,970 JPY (+11.1%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as an decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 15.2% of total transactions in 2019 and 19.8% of total transactions in 2020)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 34.2% of total transactions in 2019 and 30.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 3.7% of total transactions in 2019 and 1.7% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 12.8% of total transactions in 2019 and 13.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Naka-Ku were calculated using data on the sales of 2,685 properties provided by the MLIT Japan.

Naka-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
千代田18,319,008 JPY488,875 JPY/sq.m351 件
上前津22,913,793 JPY447,592 JPY/sq.m70 件
丸の内20,479,032 JPY481,296 JPY/sq.m451 件
伊勢山19,850,000 JPY433,379 JPY/sq.m73 件
古渡町14,835,714 JPY217,421 JPY/sq.m14 件
大井町35,961,538 JPY433,770 JPY/sq.m26 件
大須17,464,789 JPY546,657 JPY/sq.m165 件
富士見町19,092,105 JPY305,337 JPY/sq.m149 件
平和15,281,818 JPY456,631 JPY/sq.m89 件
新栄13,478,788 JPY399,860 JPY/sq.m236 件
東桜12,584,615 JPY199,184 JPY/sq.m13 件
松原22,472,727 JPY358,307 JPY/sq.m90 件
17,412,250 JPY357,939 JPY/sq.m553 件
18,700,000 JPY271,752 JPY/sq.m17 件
正木16,031,818 JPY288,124 JPY/sq.m149 件
11,340,556 JPY169,051 JPY/sq.m18 件
金山15,838,333 JPY266,800 JPY/sq.m60 件
17,025,000 JPY461,046 JPY/sq.m154 件
門前町35,428,571 JPY437,890 JPY/sq.m7 件

Naka-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 New767,880 JPY/sq.m100 %
Residual Value (10 Years)574,193 JPY/sq.m75 %
Residual Value (20 Years)420,337 JPY/sq.m55 %
Residual Value (20 Years)306,312 JPY/sq.m40 %
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 Naka-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 Naka-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 Naka-Ku 千代田 (Nagoya-Shi Tsurumai 4.0 min walk)
16.8 years old , Area: 40.0 sq.m , Total floor area: sq.m , Layout: 1K , Structure: SRC
- Trading date: 2015-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   300,000 JPY/sq.m

2. Aichi Nagoya-Shi Naka-Ku 松原 (Nagoya-Shi Oosukannnonn 4.0 min walk)
17.0 years old , Area: 45.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: SRC
- Trading date: 2009-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   222,222 JPY/sq.m

3. Aichi Nagoya-Shi Naka-Ku 松原 (Nagoya-Shi Oosukannnonn 4.0 min walk)
16.3 years old , Area: 45.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2008-06-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   206,667 JPY/sq.m

4. Aichi Nagoya-Shi Naka-Ku 松原 (Nagoya-Shi Oosukannnonn 4.0 min walk)
17.5 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: SRC
- Trading date: 2009-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   280,000 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 locations near to the station less than three minutes by foot from the station, as well as an decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 15.2% of total transactions in 2019 and 19.8% of total transactions in 2020)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 34.2% of total transactions in 2019 and 30.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 3.7% of total transactions in 2019 and 1.7% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 12.8% of total transactions in 2019 and 13.3% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Nagoya-Shi Naka-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 Naka-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
Naka-Ku 伊勢山 (73) [Area]17,000,000442,500 JPY/sq.m16.4 yrs4 min60 sq.m
Chikusa-Ku 内山 (88) [Area]16,000,000444,444 JPY/sq.m13.5 yrs4 min50 sq.m
Naka-Ku(154) [Area]13,000,000453,334 JPY/sq.m23.4 yrs4 min30 sq.m
Higashi-Ku(508) [Area]17,000,000483,333 JPY/sq.m15.0 yrs5 min45 sq.m
Nagoya Subway Higashiyama Line Chikusa (186) [Stations]15,000,000450,000 JPY/sq.m15.8 yrs5 min50 sq.m
Nagoya Subway Higashiyama Line Kamejima (147) [Stations]21,000,000413,334 JPY/sq.m22.8 yrs5 min52 sq.m
Nagoya Subway Sakura-dori Line Takaoka (576) [Stations]17,000,000400,000 JPY/sq.m20.8 yrs6 min55 sq.m
Nagoya Subway Meijo Line Yabachou (99) [Stations]18,000,000480,000 JPY/sq.m16.5 yrs6 min55 sq.m
Nagoya Subway Higashiyama Line Imaike (233) [Stations]12,000,000375,000 JPY/sq.m16.8 yrs4 min30 sq.m