Toyokawa-Shi Apartment average value

Price 200,672 JPY/sq.m
- Age 21.4 years old
- Dist. from Sta. 10.2 min walk
- Property area 73.2 sq.m

The average price of Aichi Toyokawa-Shi Apartment, in 2020 was 157,090 JPY/sq.m. The market value represents a decrease of 49,524 JPY (-24.0%) 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 relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 11.3 min in 2019 and 9.2 min in 2020; -18.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.9 years old in 2019 and 24.8 years old in 2020; +38.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2019 and 75.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Toyokawa-Shi were calculated using data on the sales of 97 properties provided by the MLIT Japan.

Toyokawa-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
四ツ谷町11,833,333 JPY169,048 JPY/sq.m3 件
中央通13,576,923 JPY176,290 JPY/sq.m13 件
代田町10,666,667 JPY135,712 JPY/sq.m3 件
光明町11,750,000 JPY155,357 JPY/sq.m2 件
光陽町8,900,000 JPY128,063 JPY/sq.m8 件
国府町7,500,000 JPY93,750 JPY/sq.m1 件
川花町17,181,818 JPY205,210 JPY/sq.m11 件
市田町5,800,000 JPY72,500 JPY/sq.m2 件
御油町10,000,000 JPY153,846 JPY/sq.m1 件
御津町西方8,800,000 JPY136,111 JPY/sq.m3 件
末広通8,720,000 JPY125,952 JPY/sq.m5 件
東曙町6,566,667 JPY89,643 JPY/sq.m3 件
桜木通8,883,333 JPY121,634 JPY/sq.m6 件
萩山町6,000,000 JPY92,308 JPY/sq.m1 件
蔵子17,200,000 JPY234,286 JPY/sq.m5 件
西豊町9,875,000 JPY168,077 JPY/sq.m4 件
豊川町28,333,333 JPY385,119 JPY/sq.m3 件
豊川西町8,000,000 JPY100,000 JPY/sq.m2 件
金屋元町6,300,000 JPY84,000 JPY/sq.m2 件
金屋本町12,900,000 JPY171,787 JPY/sq.m7 件
開運通9,016,667 JPY131,740 JPY/sq.m6 件

Toyokawa-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 New418,722 JPY/sq.m100 %
Residual Value (10 Years)308,354 JPY/sq.m74 %
Residual Value (20 Years)212,297 JPY/sq.m51 %
Residual Value (20 Years)130,549 JPY/sq.m31 %
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 Toyokawa-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 Toyokawa-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 Toyokawa-Shi 開運通 (Toyokawa-Shi Toyokawa 10.0 min walk)
26.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

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

2. Aichi Toyokawa-Shi 四ツ谷町 (Toyokawa-Shi Suwachou 10.0 min walk)
26.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   135,714 JPY/sq.m

3. Aichi Toyokawa-Shi 金屋本町 (Toyokawa-Shi Inariguchi 11.0 min walk)
26.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

4. Aichi Toyokawa-Shi 金屋本町 (Toyokawa-Shi Inariguchi 11.0 min walk)
25.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

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

5. Aichi Toyokawa-Shi 開運通 (Toyokawa-Shi Toyokawa 9.0 min walk)
28.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   118,571 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 relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 11.3 min in 2019 and 9.2 min in 2020; -18.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.9 years old in 2019 and 24.8 years old in 2020; +38.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2019 and 75.0% of total transactions in 2020)
The table below shows Apartment dealt in Aichi Toyokawa-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 Toyokawa-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
Chiryu-Shi 西 (3) [Area]10,000,000200,000 JPY/sq.m21.8 yrs10 min65 sq.m
Toyoake-Shi 前後町 (38) [Area]14,000,000200,000 JPY/sq.m17.5 yrs9 min67 sq.m
Nagakute-Shi 喜婦嶽 (9) [Area]15,000,000200,000 JPY/sq.m19.5 yrs11 min75 sq.m
Miyoshi-Shi (175) [Area]16,000,000200,000 JPY/sq.m23.5 yrs11 min75 sq.m
Miyoshi-Shi 三好丘 (137) [Area]15,500,000200,000 JPY/sq.m23.8 yrs9 min75 sq.m
Meitetsu (12,276) [Stations]15,000,000200,000 JPY/sq.m24.0 yrs10 min70 sq.m
Nagoya Subway Sakura-dori Line Nonami (480) [Stations]15,000,000200,000 JPY/sq.m24.3 yrs11 min70 sq.m
Meitetsu Mikawa Line Uwagoromo (37) [Stations]14,000,000200,000 JPY/sq.m20.6 yrs12 min80 sq.m
Meitetsu Seto Line Innba (65) [Stations]15,000,000200,000 JPY/sq.m21.3 yrs10 min80 sq.m
Meitetsu Toyota Line Miyoshigaoka (148) [Stations]15,500,000200,000 JPY/sq.m23.8 yrs9 min75 sq.m