Chuo-Ku Apartment average value

Price 312,712 JPY/sq.m
- Age 19.0 years old
- Dist. from Sta. 10.3 min walk
- Property area 65.1 sq.m

The average price of Chiba-Shi Chuo-Ku Apartment, in 2020 was 359,418 JPY/sq.m. The market value represents an increase of 34,252 JPY (+10.5%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.3% of total transactions in 2019 and 6.1% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.3% of total transactions in 2019 and 3.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 17.8 years old in 2019 and 20.3 years old in 2020; +13.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.6% of total transactions in 2019 and 7.6% of total transactions in 2020)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 35.1% of total transactions in 2019 and 39.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chuo-Ku were calculated using data on the sales of 1,780 properties provided by the MLIT Japan.

Chuo-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
千葉寺町17,518,919 JPY237,659 JPY/sq.m37 件
千葉港26,833,333 JPY363,760 JPY/sq.m94 件
中央27,587,500 JPY423,813 JPY/sq.m149 件
中央港29,516,129 JPY385,791 JPY/sq.m31 件
仁戸名町19,777,778 JPY267,078 JPY/sq.m18 件
今井14,119,355 JPY250,994 JPY/sq.m31 件
今井町11,320,000 JPY228,676 JPY/sq.m5 件
出洲港13,905,882 JPY217,164 JPY/sq.m17 件
南町23,904,762 JPY343,605 JPY/sq.m88 件
問屋町23,615,385 JPY312,310 JPY/sq.m86 件
宮崎17,051,111 JPY243,271 JPY/sq.m135 件
宮崎町17,076,724 JPY244,739 JPY/sq.m116 件
富士見22,833,333 JPY355,635 JPY/sq.m12 件
弁天23,947,368 JPY340,919 JPY/sq.m19 件
新千葉30,714,286 JPY379,197 JPY/sq.m7 件
新宿27,707,317 JPY383,074 JPY/sq.m124 件
新田町18,400,000 JPY313,604 JPY/sq.m12 件
新町29,000,000 JPY414,286 JPY/sq.m5 件
旭町15,166,667 JPY211,746 JPY/sq.m6 件
春日27,003,030 JPY420,612 JPY/sq.m33 件
末広14,659,091 JPY227,148 JPY/sq.m22 件
本千葉町25,944,444 JPY361,201 JPY/sq.m19 件
本町13,415,152 JPY231,105 JPY/sq.m33 件
村田町13,864,706 JPY216,546 JPY/sq.m18 件
東千葉11,440,000 JPY171,183 JPY/sq.m126 件
松波28,111,111 JPY376,861 JPY/sq.m9 件
Sakae-Machi4,433,333 JPY295,556 JPY/sq.m3 件
椿森8,256,250 JPY204,121 JPY/sq.m32 件
汐見丘町32,733,333 JPY415,696 JPY/sq.m15 件
浜野町10,062,963 JPY177,190 JPY/sq.m27 件
港町23,181,818 JPY323,595 JPY/sq.m44 件
登戸23,212,500 JPY304,998 JPY/sq.m104 件
祐光8,265,385 JPY198,149 JPY/sq.m26 件
神明町17,842,857 JPY272,251 JPY/sq.m56 件
稲荷町4,550,000 JPY101,111 JPY/sq.m2 件
若草19,047,368 JPY256,985 JPY/sq.m38 件
葛城11,166,667 JPY195,000 JPY/sq.m21 件
蘇我10,205,882 JPY202,595 JPY/sq.m17 件
蘇我町17,000,000 JPY309,091 JPY/sq.m1 件
要町13,125,000 JPY254,069 JPY/sq.m20 件
道場北11,600,000 JPY185,816 JPY/sq.m24 件
道場南24,570,000 JPY359,994 JPY/sq.m10 件
都町9,566,154 JPY145,155 JPY/sq.m66 件
長洲9,622,727 JPY251,552 JPY/sq.m82 件
院内6,080,000 JPY241,667 JPY/sq.m5 件
青葉町19,806,452 JPY229,447 JPY/sq.m31 件
鵜の森町20,996,364 JPY260,968 JPY/sq.m55 件
鶴沢町11,000,000 JPY220,000 JPY/sq.m2 件

Chuo-Ku 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 New519,798 JPY/sq.m100 %
Residual Value (10 Years)394,497 JPY/sq.m76 %
Residual Value (20 Years)296,249 JPY/sq.m57 %
Residual Value (20 Years)225,053 JPY/sq.m43 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Chuo-Ku 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 Chuo-Ku Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{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. Chiba Chiba-Shi Chuo-Ku 出洲港 (Chiba-Shi Honnchiba 10.0 min walk)
17.8 years old , Area: 65.0 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:   184,615 JPY/sq.m

2. Chiba Chiba-Shi Chuo-Ku 神明町 (Chiba-Shi Honnchiba 10.0 min walk)
16.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

Trading price:   2,700,000 JPY,    Unit price:   36,000 JPY/sq.m

3. Chiba Chiba-Shi Chuo-Ku 宮崎 (Chiba-Shi Soga 10.0 min walk)
18.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

4. Chiba Chiba-Shi Chuo-Ku 新宿 (Chiba-Shi Honnchiba 11.0 min walk)
17.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-03-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   242,857 JPY/sq.m

5. Chiba Chiba-Shi Chuo-Ku 東千葉 (Chiba-Shi Higashichiba 9.0 min walk)
17.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2009-03-01 00:00:00

Trading price:   7,400,000 JPY,    Unit price:   98,667 JPY/sq.m

6. Chiba Chiba-Shi Chuo-Ku 宮崎 (Chiba-Shi Soga 11.0 min walk)
18.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2008-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   240,000 JPY/sq.m

7. Chiba Chiba-Shi Chuo-Ku 問屋町 (Chiba-Shi Honnchiba 9.0 min walk)
16.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-09-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   333,333 JPY/sq.m

8. Chiba Chiba-Shi Chuo-Ku 本千葉町 (Chiba-Shi Chiba 11.0 min walk)
18.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-12-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   342,857 JPY/sq.m

9. Chiba Chiba-Shi Chuo-Ku 千葉寺町 (Chiba-Shi Chibadera 11.0 min walk)
19.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

10. Chiba Chiba-Shi Chuo-Ku 汐見丘町 (Chiba-Shi Nishichiba 9.0 min walk)
16.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   35,000,000 JPY,    Unit price:   500,000 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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 recently constructed buildings under 6 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.3% of total transactions in 2019 and 6.1% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.3% of total transactions in 2019 and 3.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 17.8 years old in 2019 and 20.3 years old in 2020; +13.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.6% of total transactions in 2019 and 7.6% of total transactions in 2020)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 35.1% of total transactions in 2019 and 39.4% of total transactions in 2020)
The table below shows Apartment dealt in Chiba-Shi Chuo-Ku, 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 Chuo-Ku

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
Chuo-Ku 登戸 (104) [Area]23,000,000314,286 JPY/sq.m14.4 yrs9 min70 sq.m
Hanamigawa-Ku 幕張町 (387) [Area]23,000,000317,647 JPY/sq.m20.5 yrs10 min75 sq.m
Chuo-Ku 新千葉 (7) [Area]28,000,000346,667 JPY/sq.m17.6 yrs8 min85 sq.m
Chuo-Ku 若草 (38) [Area]20,000,000271,008 JPY/sq.m15.0 yrs12 min72 sq.m