Wakaba-Ku Apartment average value

Price 161,568 JPY/sq.m
- Age 29.5 years old
- Dist. from Sta. 12.3 min walk
- Property area 66.3 sq.m

The average price of Chiba-Shi Wakaba-Ku Apartment, in 2020 was 147,122 JPY/sq.m. The market value represents a decrease of 21,544 JPY (-12.8%) 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, as well as a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 13.0 min in 2019 and 11.3 min in 2020; -12.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.3% of total transactions in 2019 and 14.8% of total transactions in 2020)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 52.8% of total transactions in 2019 and 51.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2019 and 40.7% of total transactions in 2020)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2019 and 29.6% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Wakaba-Ku were calculated using data on the sales of 558 properties provided by the MLIT Japan.

Wakaba-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
千城台北12,985,714 JPY195,476 JPY/sq.m7 件
千城台南10,110,000 JPY124,118 JPY/sq.m10 件
千城台東8,079,167 JPY125,280 JPY/sq.m48 件
みつわ台6,128,125 JPY94,844 JPY/sq.m137 件
小倉町20,005,714 JPY254,308 JPY/sq.m35 件
東寺山町16,940,476 JPY222,258 JPY/sq.m42 件
桜木10,818,310 JPY150,969 JPY/sq.m71 件
桜木北10,732,143 JPY153,082 JPY/sq.m28 件
殿台町4,100,000 JPY196,000 JPY/sq.m4 件
源町7,683,333 JPY142,515 JPY/sq.m6 件
若松町8,522,034 JPY126,950 JPY/sq.m59 件
西都賀11,795,652 JPY209,663 JPY/sq.m23 件
都賀10,546,429 JPY244,407 JPY/sq.m29 件
高品町11,903,448 JPY162,891 JPY/sq.m87 件

Wakaba-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 New320,344 JPY/sq.m100 %
Residual Value (10 Years)267,926 JPY/sq.m84 %
Residual Value (20 Years)215,640 JPY/sq.m67 %
Residual Value (20 Years)163,486 JPY/sq.m51 %
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 Wakaba-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 Wakaba-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 Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
25.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-09-01 00:00:00

Trading price:   2,100,000 JPY,    Unit price:   26,250 JPY/sq.m

2. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 9.0 min walk)
24.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   262,500 JPY/sq.m

3. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 9.0 min walk)
24.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   262,500 JPY/sq.m

4. Chiba Chiba-Shi Wakaba-Ku みつわ台 (Chiba-Shi Mitsuwadai 10.0 min walk)
29.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2006-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   107,692 JPY/sq.m

5. Chiba Chiba-Shi Wakaba-Ku 西都賀 (Chiba-Shi Tsuga 8.0 min walk)
24.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-12-01 00:00:00

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

6. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
24.3 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   212,500 JPY/sq.m

7. Chiba Chiba-Shi Wakaba-Ku みつわ台 (Chiba-Shi Mitsuwadai 9.0 min walk)
29.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2DK , Structure: RC
- Trading date: 2006-12-01 00:00:00

Trading price:   5,400,000 JPY,    Unit price:   83,077 JPY/sq.m

8. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
24.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   237,500 JPY/sq.m

9. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
24.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   250,000 JPY/sq.m

10. Chiba Chiba-Shi Wakaba-Ku 桜木 (Chiba-Shi Sakuragi 10.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

11. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 9.0 min walk)
23.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   300,000 JPY/sq.m

12. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 9.0 min walk)
23.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   300,000 JPY/sq.m

13. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
23.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   275,000 JPY/sq.m

14. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
23.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   237,500 JPY/sq.m

15. Chiba Chiba-Shi Wakaba-Ku 桜木 (Chiba-Shi Sakuragi 10.0 min walk)
23.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   8,200,000 JPY,    Unit price:   109,333 JPY/sq.m

16. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 9.0 min walk)
23.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   300,000 JPY/sq.m

17. Chiba Chiba-Shi Wakaba-Ku みつわ台 (Chiba-Shi Mitsuwadai 9.0 min walk)
30.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2007-12-01 00:00:00

Trading price:   9,700,000 JPY,    Unit price:   149,231 JPY/sq.m

18. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 10.0 min walk)
22.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   262,500 JPY/sq.m

19. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 8.0 min walk)
22.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   275,000 JPY/sq.m

20. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Oguradai 9.0 min walk)
22.3 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   262,500 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 a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 13.0 min in 2019 and 11.3 min in 2020; -12.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.3% of total transactions in 2019 and 14.8% of total transactions in 2020)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 52.8% of total transactions in 2019 and 51.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2019 and 40.7% of total transactions in 2020)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2019 and 29.6% of total transactions in 2020)
The table below shows Apartment dealt in Chiba-Shi Wakaba-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 Wakaba-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
Hanamigawa-Ku 花園町 (15) [Area]11,000,000157,143 JPY/sq.m25.0 yrs14 min70 sq.m
Chuo-Ku 東千葉 (126) [Area]11,000,000170,330 JPY/sq.m34.7 yrs11 min65 sq.m
Inage-Ku 黒砂 (80) [Area]8,500,000181,778 JPY/sq.m30.8 yrs13 min57 sq.m
Hanamigawa-Ku 花園 (31) [Area]9,100,000137,500 JPY/sq.m28.8 yrs11 min65 sq.m