Tokoname-Shi Apartment average value

Price 149,372 JPY/sq.m
- Age 17.1 years old
- Dist. from Sta. 5.3 min walk
- Property area 74.7 sq.m

The average price of Aichi Tokoname-Shi Apartment, in 2020 was 191,043 JPY/sq.m. The market value represents an increase of 80,265 JPY (+72.5%) 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

  • An decrease in average age of the building (representing 19.7 years old in 2019 and 16.1 years old in 2020; -18.2%)
  • A dramatic decrease in average distance from the station (representing 4.7 min in 2019 and 1.7 min in 2020; -64.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2019 and 33.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Tokoname-Shi were calculated using data on the sales of 39 properties provided by the MLIT Japan.

Tokoname-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
北条9,187,500 JPY126,591 JPY/sq.m8 件
多屋町13,428,571 JPY172,318 JPY/sq.m7 件
大野町8,187,500 JPY122,420 JPY/sq.m8 件
新田町7,900,000 JPY105,333 JPY/sq.m3 件
新開町14,375,000 JPY186,141 JPY/sq.m8 件
港町15,666,667 JPY189,352 JPY/sq.m3 件
瀬木町6,400,000 JPY98,462 JPY/sq.m1 件
鯉江本町14,000,000 JPY155,556 JPY/sq.m1 件

Tokoname-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 New245,980 JPY/sq.m100 %
Residual Value (10 Years)169,550 JPY/sq.m69 %
Residual Value (20 Years)127,946 JPY/sq.m52 %
Residual Value (20 Years)121,168 JPY/sq.m49 %
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 Tokoname-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 Tokoname-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 Tokoname-Shi 大野町 (Tokoname-Shi Oonomachi 4.0 min walk)
18.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   100,000 JPY/sq.m

2. Aichi Tokoname-Shi 多屋町 (Tokoname-Shi Taya 3.0 min walk)
16.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2008-06-01 00:00:00

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

3. Aichi Tokoname-Shi 北条 (Tokoname-Shi Tokoname 4.0 min walk)
22.3 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2011-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   82,353 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 decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 19.7 years old in 2019 and 16.1 years old in 2020; -18.2%)
  • A dramatic decrease in average distance from the station (representing 4.7 min in 2019 and 1.7 min in 2020; -64.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2019 and 33.3% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Tokoname-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 Tokoname-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
Seto-Shi 川端町 (16) [Area]11,000,000148,077 JPY/sq.m20.1 yrs6 min70 sq.m
Ichinomiya-Shi 今伊勢町宮後 (45) [Area]12,000,000157,143 JPY/sq.m18.0 yrs6 min70 sq.m
Inazawa-Shi 日下部松野町 (1) [Area]14,000,000164,706 JPY/sq.m14.0 yrs6 min85 sq.m
Seto-Shi 菱野町 (12) [Area]9,750,000132,857 JPY/sq.m16.0 yrs6 min70 sq.m
Chita-Shi 新舞子 (30) [Area]8,650,000132,051 JPY/sq.m18.8 yrs6 min75 sq.m
Meitetsu Meitetsu Airport Line (19) [Stations]11,000,000155,556 JPY/sq.m17.6 yrs6 min75 sq.m
Meitetsu Tokoname Line Tokoname (19) [Stations]11,000,000155,556 JPY/sq.m17.6 yrs6 min75 sq.m
Meitetsu Airport Line Tokoname (19) [Stations]11,000,000155,556 JPY/sq.m17.6 yrs6 min75 sq.m
Meitetsu Tokoname Line Shinnmaiko (38) [Stations]10,400,000156,166 JPY/sq.m15.6 yrs5 min75 sq.m
Meitetsu Tokoname Line Hinaga (1) [Stations]12,000,000160,000 JPY/sq.m18.3 yrs6 min75 sq.m