Nishi-Ku Apartment average value

Price 374,526 JPY/sq.m
- Age 19.3 years old
- Dist. from Sta. 7.9 min walk
- Property area 62.0 sq.m

The average price of Aichi Nagoya-Shi Nishi-Ku Apartment, in 2020 was 396,550 JPY/sq.m. The market value represents an increase of 35,573 JPY (+9.9%) 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 relatively large size more than 100 sq.m, as well as an decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 45.7% of total transactions in 2019 and 39.3% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.7% of total transactions in 2019 and 6.6% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 1.2% of total transactions in 2019 and 3.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 1,183 properties provided by the MLIT Japan.

Nishi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
二方町26,418,182 JPY343,641 JPY/sq.m55 件
十方町19,285,714 JPY268,141 JPY/sq.m7 件
こも原町15,000,000 JPY212,381 JPY/sq.m6 件
上名古屋21,478,261 JPY294,210 JPY/sq.m23 件
上小田井21,375,000 JPY291,621 JPY/sq.m28 件
中小田井19,840,000 JPY282,513 JPY/sq.m102 件
児玉14,750,000 JPY246,041 JPY/sq.m42 件
則武新町28,913,044 JPY324,177 JPY/sq.m23 件
南堀越21,454,546 JPY274,726 JPY/sq.m11 件
又穂町16,833,333 JPY265,221 JPY/sq.m6 件
名塚町23,142,857 JPY287,582 JPY/sq.m7 件
名西28,086,956 JPY355,031 JPY/sq.m46 件
名駅18,653,333 JPY532,141 JPY/sq.m105 件
城西24,200,000 JPY425,893 JPY/sq.m27 件
大野木11,838,235 JPY172,028 JPY/sq.m34 件
大金町28,555,556 JPY391,229 JPY/sq.m9 件
天塚町16,000,000 JPY237,471 JPY/sq.m18 件
山木30,466,667 JPY361,753 JPY/sq.m6 件
市場木町17,114,286 JPY270,460 JPY/sq.m28 件
幅下22,159,259 JPY316,456 JPY/sq.m27 件
庄内通19,625,000 JPY319,512 JPY/sq.m8 件
康生通11,719,048 JPY202,389 JPY/sq.m21 件
押切27,375,000 JPY346,954 JPY/sq.m8 件
新道20,397,561 JPY314,632 JPY/sq.m41 件
枇杷島19,733,333 JPY262,353 JPY/sq.m15 件
栄生19,222,222 JPY282,552 JPY/sq.m9 件
歌里町22,111,111 JPY286,748 JPY/sq.m9 件
比良10,488,889 JPY156,846 JPY/sq.m9 件
江向町22,000,000 JPY293,333 JPY/sq.m1 件
浄心15,102,500 JPY217,556 JPY/sq.m42 件
浄心本通9,443,750 JPY206,516 JPY/sq.m16 件
浅間11,120,000 JPY195,733 JPY/sq.m5 件
清里町18,600,000 JPY235,137 JPY/sq.m5 件
玉池町27,571,429 JPY338,021 JPY/sq.m7 件
稲生町20,385,185 JPY262,287 JPY/sq.m27 件
笠取町23,236,842 JPY301,267 JPY/sq.m19 件
笹塚町17,962,121 JPY243,075 JPY/sq.m66 件
花の木11,612,121 JPY283,952 JPY/sq.m35 件
菊井19,755,714 JPY514,973 JPY/sq.m70 件
見寄町11,000,000 JPY157,143 JPY/sq.m1 件
貴生町23,125,000 JPY301,530 JPY/sq.m8 件
赤城町18,200,000 JPY228,389 JPY/sq.m5 件
那古野19,461,111 JPY322,534 JPY/sq.m72 件
香呑町22,833,333 JPY305,026 JPY/sq.m6 件
鳥見町13,300,000 JPY191,678 JPY/sq.m84 件

Nishi-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 New657,921 JPY/sq.m100 %
Residual Value (10 Years)470,422 JPY/sq.m72 %
Residual Value (20 Years)336,981 JPY/sq.m51 %
Residual Value (20 Years)257,597 JPY/sq.m39 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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 Nishi-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 Nishi-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 Nishi-Ku 天塚町 (Nagoya-Shi Shounaidoori 7.0 min walk)
17.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-12-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   328,571 JPY/sq.m

2. Aichi Nagoya-Shi Nishi-Ku 栄生 (Nagoya-Shi Sakou 7.0 min walk)
18.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2020-03-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   293,333 JPY/sq.m

3. Aichi Nagoya-Shi Nishi-Ku 幅下 (Nagoya-Shi Senngennchou 7.0 min walk)
16.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

4. Aichi Nagoya-Shi Nishi-Ku 幅下 (Nagoya-Shi Senngennchou 7.0 min walk)
16.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   132,857 JPY/sq.m

5. Aichi Nagoya-Shi Nishi-Ku 新道 (Nagoya-Shi Senngennchou 7.0 min walk)
18.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m

6. Aichi Nagoya-Shi Nishi-Ku 幅下 (Nagoya-Shi Senngennchou 7.0 min walk)
18.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

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

7. Aichi Nagoya-Shi Nishi-Ku 浄心本通 (Nagoya-Shi Joushinn 7.0 min walk)
19.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

8. Aichi Nagoya-Shi Nishi-Ku 幅下 (Nagoya-Shi Senngennchou 7.0 min walk)
19.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

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

9. Aichi Nagoya-Shi Nishi-Ku 幅下 (Nagoya-Shi Senngennchou 7.0 min walk)
19.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-06-01 00:00:00

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

10. Aichi Nagoya-Shi Nishi-Ku 幅下 (Nagoya-Shi Senngennchou 7.0 min walk)
16.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{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 relatively large size more than 100 sq.m, as well as an decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 45.7% of total transactions in 2019 and 39.3% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.7% of total transactions in 2019 and 6.6% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 1.2% of total transactions in 2019 and 3.3% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Nagoya-Shi Nishi-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 Nishi-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 松原 (90) [Area]22,000,000365,714 JPY/sq.m21.6 yrs8 min65 sq.m
Nagoya-Shi Mizuho-Ku (885) [Area]27,000,000350,000 JPY/sq.m19.5 yrs7 min70 sq.m
Higashi-Ku 徳川 (125) [Area]29,000,000400,000 JPY/sq.m20.5 yrs8 min70 sq.m
Nakamura-Ku 則武本通 (9) [Area]23,000,000328,571 JPY/sq.m18.5 yrs7 min70 sq.m
Nagoya Subway Sakura-dori Line Fukiage (187) [Stations]28,000,000389,474 JPY/sq.m21.9 yrs9 min70 sq.m
Nagoya Subway Meijo Line Yagotonisseki (200) [Stations]28,000,000350,000 JPY/sq.m21.8 yrs7 min70 sq.m
Nagoya Subway Tsurumai Line Arahata (152) [Stations]22,500,000345,238 JPY/sq.m20.5 yrs7 min70 sq.m
Nagoya Subway Meijo Line Mizuhounndoujouhigashi (182) [Stations]25,000,000330,303 JPY/sq.m19.6 yrs7 min70 sq.m
Nagoya Subway (16,541) [Stations]20,000,000328,571 JPY/sq.m20.5 yrs7 min70 sq.m