Tokai-Shi Apartment average value

Price 244,720 JPY/sq.m
- Age 20.4 years old
- Dist. from Sta. 12.1 min walk
- Property area 73.6 sq.m

The average price of Aichi Tokai-Shi Apartment, in 2020 was 221,010 JPY/sq.m. The market value represents a decrease of 30,833 JPY (-12.2%) 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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2019 and 27.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2019 and 23.5 years old in 2020; +26.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 54.5% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Tokai-Shi were calculated using data on the sales of 292 properties provided by the MLIT Japan.

Tokai-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
中央町28,000,000 JPY311,111 JPY/sq.m1 件
元浜町12,000,000 JPY171,429 JPY/sq.m2 件
加木屋町16,667,213 JPY213,886 JPY/sq.m61 件
名和町7,659,773 JPY109,540 JPY/sq.m49 件
大田町20,405,128 JPY284,480 JPY/sq.m39 件
富木島町11,720,000 JPY151,450 JPY/sq.m15 件
富木島町伏見11,788,889 JPY155,398 JPY/sq.m9 件
富貴ノ台16,800,000 JPY217,412 JPY/sq.m5 件
東海町14,000,000 JPY198,077 JPY/sq.m2 件
横須賀町17,844,444 JPY242,491 JPY/sq.m18 件
荒尾町13,811,321 JPY190,416 JPY/sq.m53 件
養父町12,909,524 JPY179,491 JPY/sq.m21 件
高横須賀町16,069,231 JPY204,428 JPY/sq.m26 件

Tokai-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 New439,942 JPY/sq.m100 %
Residual Value (10 Years)331,334 JPY/sq.m75 %
Residual Value (20 Years)238,904 JPY/sq.m54 %
Residual Value (20 Years)162,654 JPY/sq.m37 %
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 Tokai-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 Tokai-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 Tokai-Shi 荒尾町 (Tokai-Shi Shinnnittetsumae 12.0 min walk)
18.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01 00:00:00

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

2. Aichi Tokai-Shi 大田町 (Tokai-Shi Ootagawa 11.0 min walk)
19.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2011-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   175,000 JPY/sq.m

3. Aichi Tokai-Shi 元浜町 (Tokai-Shi Asakura 11.0 min walk)
16.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-12-01 00:00:00

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

4. Aichi Tokai-Shi 養父町 (Tokai-Shi Owariyokosuka 10.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 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 less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2019 and 27.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2019 and 23.5 years old in 2020; +26.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 54.5% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Tokai-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 Tokai-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
Nishi-Ku 児玉 (42) [Area]16,000,000246,030 JPY/sq.m17.0 yrs13 min60 sq.m
Showa-Ku 伊勝町 (3) [Area]16,000,000246,154 JPY/sq.m17.8 yrs12 min65 sq.m
Ichinomiya-Shi 下川田町 (2) [Area]17,500,000243,269 JPY/sq.m23.3 yrs14 min72 sq.m
Minato-Ku 築盛町 (10) [Area]19,000,000242,982 JPY/sq.m22.8 yrs14 min72 sq.m
Kariya-Shi 東陽町 (5) [Area]17,000,000242,857 JPY/sq.m23.9 yrs10 min70 sq.m
Other (3,646) [Stations]17,000,000246,154 JPY/sq.m22.3 yrs12 min70 sq.m
Meitetsu Meitetsu Mikawa Line (1,158) [Stations]18,000,000241,428 JPY/sq.m23.3 yrs11 min75 sq.m
Nagoya Subway Tsurumai Line Akaike (178) [Stations]17,000,000236,397 JPY/sq.m21.5 yrs14 min72 sq.m
Meitetsu Toyota Line Akaike (178) [Stations]17,000,000236,397 JPY/sq.m21.5 yrs14 min72 sq.m
Meitetsu Mikawa Line Chiryuu (167) [Stations]18,000,000253,333 JPY/sq.m21.5 yrs10 min75 sq.m