Obu-Shi Apartment average value

Price 310,076 JPY/sq.m
- Age 18.4 years old
- Dist. from Sta. 9.9 min walk
- Property area 77.2 sq.m

The average price of Aichi Obu-Shi Apartment, in 2020 was 377,220 JPY/sq.m. The market value represents an increase of 101,646 JPY (+36.9%) compared to 1 year ago and a transition to a dramatic market.

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

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.7 years old in 2019 and 13.9 years old in 2020; -38.8%)
  • An decrease in average distance from the station (representing 12.2 min in 2019 and 9.7 min in 2020; -19.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.5% of total transactions in 2019 and 33.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Obu-Shi were calculated using data on the sales of 278 properties provided by the MLIT Japan.

Obu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
一屋町18,000,000 JPY195,809 JPY/sq.m6 件
中央町24,134,884 JPY308,830 JPY/sq.m43 件
共和町16,691,667 JPY234,284 JPY/sq.m12 件
共栄町14,031,818 JPY197,450 JPY/sq.m22 件
共西町12,318,182 JPY171,889 JPY/sq.m11 件
大府町17,500,000 JPY199,805 JPY/sq.m6 件
大東町16,833,333 JPY223,651 JPY/sq.m6 件
明成町22,571,429 JPY278,525 JPY/sq.m7 件
月見町22,739,130 JPY303,653 JPY/sq.m23 件
朝日町14,700,000 JPY215,609 JPY/sq.m6 件
東新町25,370,000 JPY328,705 JPY/sq.m50 件
柊山町25,571,429 JPY310,234 JPY/sq.m21 件
桃山町16,560,000 JPY212,847 JPY/sq.m15 件
桜木町10,100,000 JPY127,243 JPY/sq.m9 件
森岡町17,000,000 JPY225,020 JPY/sq.m5 件
横根町13,000,000 JPY162,500 JPY/sq.m3 件
江端町20,333,333 JPY267,262 JPY/sq.m3 件
若草町18,666,667 JPY242,306 JPY/sq.m18 件
追分町30,000,000 JPY375,000 JPY/sq.m2 件
長根町14,160,000 JPY217,846 JPY/sq.m10 件

Obu-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 New570,990 JPY/sq.m100 %
Residual Value (10 Years)392,385 JPY/sq.m69 %
Residual Value (20 Years)266,844 JPY/sq.m47 %
Residual Value (20 Years)194,368 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 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 Obu-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 Obu-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 Obu-Shi 東新町 (Obu-Shi Kyouwa 7.0 min walk)
17.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   314,286 JPY/sq.m

2. Aichi Obu-Shi 東新町 (Obu-Shi Kyouwa 7.0 min walk)
16.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-12-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   262,500 JPY/sq.m

3. Aichi Obu-Shi 東新町 (Obu-Shi Kyouwa 7.0 min walk)
18.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   225,000 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 relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.7 years old in 2019 and 13.9 years old in 2020; -38.8%)
  • An decrease in average distance from the station (representing 12.2 min in 2019 and 9.7 min in 2020; -19.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.5% of total transactions in 2019 and 33.3% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Obu-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 Obu-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
Showa-Ku 恵方町 (6) [Area]24,000,000310,416 JPY/sq.m20.8 yrs8 min77 sq.m
Meito-Ku にじが丘 (19) [Area]24,000,000311,111 JPY/sq.m15.5 yrs9 min75 sq.m
Meito-Ku 富が丘 (7) [Area]25,000,000312,500 JPY/sq.m18.5 yrs9 min80 sq.m
Toyohashi-Shi 東小田原町 (1) [Area]22,000,000314,286 JPY/sq.m18.5 yrs9 min70 sq.m
Chikusa-Ku 猫洞通 (22) [Area]23,500,000303,334 JPY/sq.m16.6 yrs11 min80 sq.m
Meitetsu Seto Line Amagasaka (27) [Stations]22,000,000305,882 JPY/sq.m19.8 yrs8 min70 sq.m
Shinkansen (796) [Stations]16,000,000314,286 JPY/sq.m18.0 yrs9 min70 sq.m
Nagoya Subway Meijo Line Chayagasaka (362) [Stations]24,000,000314,286 JPY/sq.m18.5 yrs8 min75 sq.m
Shinkansen Tokaido Shinkansen (796) [Stations]16,000,000314,286 JPY/sq.m18.0 yrs9 min70 sq.m
Nagoya Subway Meijo Line Horita (142) [Stations]23,000,000300,000 JPY/sq.m17.5 yrs8 min70 sq.m