Mihama-Ku Apartment average value

Price 219,814 JPY/sq.m
- Age 34.8 years old
- Dist. from Sta. 11.2 min walk
- Property area 62.9 sq.m

The average price of Chiba-Shi Mihama-Ku Apartment, in 2020 was 233,502 JPY/sq.m. The market value represents a decrease of 6,358 JPY (-2.7%) compared to 1 year ago and a transition to a slight market.

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

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.8% of total transactions in 2019 and 2.6% of total transactions in 2020)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.5% of total transactions in 2019 and 15.3% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 53.8% of total transactions in 2019 and 61.2% of total transactions in 2020)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 17.0% of total transactions in 2019 and 21.6% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Mihama-Ku were calculated using data on the sales of 2,665 properties provided by the MLIT Japan.

Mihama-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
幕張西19,677,273 JPY268,736 JPY/sq.m90 件
幸町11,025,000 JPY173,063 JPY/sq.m432 件
打瀬41,023,684 JPY462,941 JPY/sq.m76 件
新港20,893,939 JPY295,444 JPY/sq.m33 件
浜田25,600,000 JPY354,871 JPY/sq.m71 件
真砂15,689,286 JPY233,952 JPY/sq.m623 件
磯辺14,168,493 JPY200,933 JPY/sq.m301 件
稲毛海岸11,506,098 JPY182,008 JPY/sq.m291 件
高洲11,946,667 JPY197,766 JPY/sq.m549 件
高浜12,356,250 JPY178,895 JPY/sq.m198 件

Mihama-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 New477,321 JPY/sq.m100 %
Residual Value (10 Years)403,784 JPY/sq.m85 %
Residual Value (20 Years)330,645 JPY/sq.m69 %
Residual Value (20 Years)257,905 JPY/sq.m54 %
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 Mihama-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 Mihama-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 Mihama-Ku 幸町 (Chiba-Shi Chibaminato 10.0 min walk)
41.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-06-01 00:00:00

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

2. Chiba Chiba-Shi Mihama-Ku 幸町 (Chiba-Shi Chibaminato 10.0 min walk)
40.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2015-12-01 00:00:00

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

3. Chiba Chiba-Shi Mihama-Ku 幸町 (Chiba-Shi Chibaminato 10.0 min walk)
40.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

4. Chiba Chiba-Shi Mihama-Ku 真砂 (Chiba-Shi Kemigawahama 10.0 min walk)
40.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2015-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

5. Chiba Chiba-Shi Mihama-Ku 幸町 (Chiba-Shi Chibaminato 10.0 min walk)
42.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

6. Chiba Chiba-Shi Mihama-Ku 磯辺 (Chiba-Shi Kemigawahama 10.0 min walk)
40.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2018-09-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   143,077 JPY/sq.m

7. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 11.0 min walk)
41.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   138,333 JPY/sq.m

8. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 9.0 min walk)
41.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   5,800,000 JPY,    Unit price:   89,231 JPY/sq.m

9. Chiba Chiba-Shi Mihama-Ku 幸町 (Chiba-Shi Chibaminato 9.0 min walk)
41.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   85,714 JPY/sq.m

10. Chiba Chiba-Shi Mihama-Ku 稲毛海岸 (Chiba-Shi Inagekaigann 11.0 min walk)
41.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

11. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 9.0 min walk)
41.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   5,300,000 JPY,    Unit price:   88,333 JPY/sq.m

12. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 9.0 min walk)
41.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

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

13. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 9.0 min walk)
41.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   6,500,000 JPY,    Unit price:   108,333 JPY/sq.m

14. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 9.0 min walk)
41.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   6,600,000 JPY,    Unit price:   110,000 JPY/sq.m

15. Chiba Chiba-Shi Mihama-Ku 高浜 (Chiba-Shi Inagekaigann 11.0 min walk)
41.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   7,700,000 JPY,    Unit price:   128,333 JPY/sq.m

16. Chiba Chiba-Shi Mihama-Ku 真砂 (Chiba-Shi Kemigawahama 11.0 min walk)
41.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2016-03-01 00:00:00

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

17. Chiba Chiba-Shi Mihama-Ku 真砂 (Chiba-Shi Kemigawahama 9.0 min walk)
41.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-03-01 00:00:00

Trading price:   1,200,000 JPY,    Unit price:   18,462 JPY/sq.m

18. Chiba Chiba-Shi Mihama-Ku 真砂 (Chiba-Shi Kemigawahama 9.0 min walk)
41.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   200,000 JPY/sq.m

19. Chiba Chiba-Shi Mihama-Ku 幸町 (Chiba-Shi Chibaminato 9.0 min walk)
41.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-12-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   100,000 JPY/sq.m

20. Chiba Chiba-Shi Mihama-Ku 稲毛海岸 (Chiba-Shi Inagekaigann 11.0 min walk)
41.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-12-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   92,308 JPY/sq.m

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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 an increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.8% of total transactions in 2019 and 2.6% of total transactions in 2020)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.5% of total transactions in 2019 and 15.3% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 53.8% of total transactions in 2019 and 61.2% of total transactions in 2020)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 17.0% of total transactions in 2019 and 21.6% of total transactions in 2020)
The table below shows Apartment dealt in Chiba-Shi Mihama-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 Mihama-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 蘇我 (17) [Area]11,000,000213,333 JPY/sq.m22.0 yrs13 min55 sq.m
Inage-Ku 稲丘町 (9) [Area]16,000,000211,111 JPY/sq.m25.0 yrs13 min80 sq.m
Hanamigawa-Ku 長作町 (23) [Area]19,000,000233,333 JPY/sq.m36.8 yrs14 min85 sq.m
Chiba-Shi (8,787) [Area]13,000,000200,000 JPY/sq.m26.9 yrs11 min65 sq.m
Chuo-Ku 葛城 (21) [Area]12,000,000200,000 JPY/sq.m23.0 yrs15 min60 sq.m