Narashino-Shi Apartment average value

Price 331,531 JPY/sq.m
- Age 24.5 years old
- Dist. from Sta. 10.9 min walk
- Property area 69.3 sq.m

The average price of Chiba Narashino-Shi Apartment, in 2020 was 352,404 JPY/sq.m. The market value represents an increase of 10,860 JPY (+3.2%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 47.7% of total transactions in 2019 and 30.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2019 and 3.2% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.7% of total transactions in 2019 and 31.7% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 10.1% of total transactions in 2019 and 5.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Narashino-Shi were calculated using data on the sales of 1,374 properties provided by the MLIT Japan.

Narashino-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
大久保18,318,421 JPY281,928 JPY/sq.m147 件
奏の杜49,414,634 JPY742,218 JPY/sq.m44 件
実籾15,953,226 JPY230,277 JPY/sq.m62 件
屋敷21,807,692 JPY289,819 JPY/sq.m57 件
新栄14,331,579 JPY176,427 JPY/sq.m19 件
本大久保16,012,500 JPY239,825 JPY/sq.m56 件
東習志野17,242,593 JPY229,696 JPY/sq.m187 件
泉町8,720,000 JPY134,154 JPY/sq.m5 件
津田沼26,355,102 JPY357,535 JPY/sq.m167 件
秋津14,536,364 JPY196,526 JPY/sq.m107 件
藤崎24,412,698 JPY326,884 JPY/sq.m63 件
袖ケ浦10,773,770 JPY168,265 JPY/sq.m61 件
谷津22,317,708 JPY340,840 JPY/sq.m338 件
谷津町20,222,222 JPY299,598 JPY/sq.m18 件
香澄16,970,000 JPY202,667 JPY/sq.m40 件
鷺沼17,552,381 JPY254,557 JPY/sq.m21 件
鷺沼台18,000,000 JPY278,921 JPY/sq.m5 件

Narashino-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 New704,099 JPY/sq.m100 %
Residual Value (10 Years)472,869 JPY/sq.m67 %
Residual Value (20 Years)317,214 JPY/sq.m45 %
Residual Value (20 Years)237,133 JPY/sq.m34 %
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 Narashino-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 Narashino-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. Chiba Narashino-Shi 本大久保 (Narashino-Shi Keiseiookubo 11.0 min walk)
25.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

2. Chiba Narashino-Shi 谷津 (Narashino-Shi Tsudanuma 11.0 min walk)
24.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   31,000,000 JPY,    Unit price:   442,857 JPY/sq.m

3. Chiba Narashino-Shi 大久保 (Narashino-Shi Keiseiookubo 11.0 min walk)
24.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

4. Chiba Narashino-Shi 谷津 (Narashino-Shi Yatsu 9.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   266,667 JPY/sq.m

5. Chiba Narashino-Shi 大久保 (Narashino-Shi Keiseiookubo 11.0 min walk)
23.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

6. Chiba Narashino-Shi 大久保 (Narashino-Shi Keiseiookubo 11.0 min walk)
23.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   400,000 JPY/sq.m

7. Chiba Narashino-Shi 谷津 (Narashino-Shi Yatsu 10.0 min walk)
26.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   173,333 JPY/sq.m

8. Chiba Narashino-Shi 大久保 (Narashino-Shi Keiseiookubo 11.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   246,154 JPY/sq.m

9. Chiba Narashino-Shi 谷津 (Narashino-Shi Yatsu 9.0 min walk)
26.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-09-01 00:00:00

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

10. Chiba Narashino-Shi 大久保 (Narashino-Shi Keiseiookubo 11.0 min walk)
23.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   338,462 JPY/sq.m

11. Chiba Narashino-Shi 本大久保 (Narashino-Shi Keiseiookubo 10.0 min walk)
27.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

12. Chiba Narashino-Shi 大久保 (Narashino-Shi Keiseiookubo 10.0 min walk)
23.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   246,154 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 older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 47.7% of total transactions in 2019 and 30.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2019 and 3.2% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.7% of total transactions in 2019 and 31.7% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 10.1% of total transactions in 2019 and 5.0% of total transactions in 2020)
The table below shows Apartment dealt in Chiba Narashino-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 Narashino-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
Abiko-Shi 青山台 (24) [Area]22,000,000338,462 JPY/sq.m24.1 yrs13 min65 sq.m
Inzai-Shi 武西学園台 (6) [Area]28,000,000339,706 JPY/sq.m21.6 yrs10 min80 sq.m
Matsudo-Shi 常盤平双葉町 (17) [Area]21,000,000323,077 JPY/sq.m25.3 yrs12 min70 sq.m
Matsudo-Shi 岩瀬 (92) [Area]22,000,000341,428 JPY/sq.m27.1 yrs10 min65 sq.m
Hanamigawa-Ku 幕張町 (387) [Area]23,000,000317,647 JPY/sq.m20.5 yrs10 min75 sq.m
JR Musashino Line Funabashihoutenn (148) [Stations]24,500,000327,731 JPY/sq.m21.3 yrs10 min75 sq.m
JR Sobu Line Makuhari (375) [Stations]23,000,000315,966 JPY/sq.m21.0 yrs11 min75 sq.m
JR JR Joban Line Rapid Train (2,630) [Stations]21,000,000315,038 JPY/sq.m21.3 yrs10 min70 sq.m
Tokyo Metro Tozai Line Barakinakayama (360) [Stations]24,000,000353,846 JPY/sq.m21.4 yrs10 min65 sq.m
JR JR Sobu Line (7,532) [Stations]24,000,000357,143 JPY/sq.m22.3 yrs13 min65 sq.m