Nishio-Shi Apartment average value

Price 223,772 JPY/sq.m
- Age 18.6 years old
- Dist. from Sta. 13.5 min walk
- Property area 76.7 sq.m

The average price of Aichi Nishio-Shi Apartment, in 2019 was 303,492 JPY/sq.m. The market value represents an increase of 146,443 JPY (+93.2%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.8 years old in 2018 and 16.1 years old in 2019; -35.2%)
  • A dramatic decrease in average distance from the station (representing 19.2 min in 2018 and 13.2 min in 2019; -31.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 33.3% of total transactions in 2019)
Data regarding the market value and its changes of Apartment in Nishio-Shi were calculated using data on the sales of 91 properties provided by the MLIT Japan.

Nishio-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
下町10,490,909 JPY136,632 JPY/sq.m11 件
吉良町宮崎3,560,000 JPY73,762 JPY/sq.m5 件
宮町8,966,667 JPY122,063 JPY/sq.m3 件
寄住町13,366,667 JPY179,336 JPY/sq.m6 件
平坂町7,481,818 JPY95,686 JPY/sq.m11 件
桜木町26,733,333 JPY326,037 JPY/sq.m15 件
桜町11,733,333 JPY179,444 JPY/sq.m6 件
永吉町8,333,333 JPY113,846 JPY/sq.m3 件
米津町9,983,333 JPY129,917 JPY/sq.m6 件
花ノ木町18,428,571 JPY249,011 JPY/sq.m7 件
西浅井町6,425,000 JPY90,362 JPY/sq.m17 件

Nishio-Shi 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 New449,018 JPY/sq.m100 %
Residual Value (10 Years)324,966 JPY/sq.m72 %
Residual Value (20 Years)210,786 JPY/sq.m47 %
Residual Value (20 Years)106,478 JPY/sq.m24 %
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 Nishio-Shi 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 Nishio-Shi 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 Nishio-Shi 桜町 (Nishio-Shi Sakuramachimae 7.0 min walk)
20.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   186,667 JPY/sq.m

2. Aichi Nishio-Shi 宮町 (Nishio-Shi Nishioguchi 8.0 min walk)
20.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-03-01 00:00:00

Trading price:   7,900,000 JPY,    Unit price:   112,857 JPY/sq.m

3. Aichi Nishio-Shi 寄住町 (Nishio-Shi Nishio 8.0 min walk)
18.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2008-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

4. Aichi Nishio-Shi 宮町 (Nishio-Shi Nishioguchi 8.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   120,000 JPY/sq.m

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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 decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.8 years old in 2018 and 16.1 years old in 2019; -35.2%)
  • A dramatic decrease in average distance from the station (representing 19.2 min in 2018 and 13.2 min in 2019; -31.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 33.3% of total transactions in 2019)
The table below shows Apartment dealt in Aichi Nishio-Shi, 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 Nishio-Shi

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
Meito-Ku 植園町 (25) [Area]16,000,000225,000 JPY/sq.m21.5 yrs15 min80 sq.m
Minato-Ku 新船町 (13) [Area]17,000,000225,000 JPY/sq.m15.3 yrs14 min65 sq.m
Atsuta-Ku 大瀬子町 (3) [Area]17,000,000225,000 JPY/sq.m19.0 yrs11 min75 sq.m
Konan-Shi 木賀東町 (1) [Area]20,000,000222,222 JPY/sq.m17.8 yrs11 min90 sq.m
Moriyama-Ku 緑ケ丘 (5) [Area]17,000,000226,667 JPY/sq.m15.8 yrs16 min70 sq.m
JR Tokaido Main Line Owariichinomiya (418) [Stations]16,000,000228,571 JPY/sq.m21.5 yrs14 min70 sq.m
JR Chuo Main Line Kachigawa (189) [Stations]17,000,000230,514 JPY/sq.m21.5 yrs11 min75 sq.m
Tōkai Transport Service Jōhoku Line Kachigawa (189) [Stations]17,000,000230,514 JPY/sq.m21.5 yrs11 min75 sq.m
Meitetsu Mikawa Line Umetsubo (61) [Stations]17,000,000230,769 JPY/sq.m15.6 yrs11 min75 sq.m
Meitetsu Toyota Line Umetsubo (61) [Stations]17,000,000230,769 JPY/sq.m15.6 yrs11 min75 sq.m