Narita-Shi Apartment average value

Price 235,319 JPY/sq.m
- Age 25.8 years old
- Dist. from Sta. 19.7 min walk
- Property area 69.7 sq.m

The average price of Chiba Narita-Shi Apartment, in 2020 was 212,470 JPY/sq.m. The market value represents a decrease of 88,050 JPY (-29.3%) 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 older buildings over 40 years old, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 17.6% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.6% of total transactions in 2019 and 5.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.3 years old in 2019 and 32.2 years old in 2020; +43.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 17.9% of total transactions in 2019 and 47.1% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 21.4% of total transactions in 2019 and 11.8% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Narita-Shi were calculated using data on the sales of 520 properties provided by the MLIT Japan.

Narita-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
不動ケ岡20,417,647 JPY294,382 JPY/sq.m17 件
並木町15,544,444 JPY223,774 JPY/sq.m18 件
中台14,287,097 JPY179,866 JPY/sq.m114 件
公津の杜32,523,810 JPY421,429 JPY/sq.m64 件
加良部15,008,333 JPY210,854 JPY/sq.m122 件
吾妻7,156,626 JPY109,362 JPY/sq.m84 件
大袋6,938,889 JPY106,752 JPY/sq.m19 件
幸町8,930,000 JPY158,530 JPY/sq.m10 件
新田3,000,000 JPY300,000 JPY/sq.m7 件
橋賀台25,400,000 JPY343,187 JPY/sq.m15 件
江弁須20,000,000 JPY250,980 JPY/sq.m2 件
玉造11,040,000 JPY134,152 JPY/sq.m10 件
美郷台14,400,000 JPY186,106 JPY/sq.m13 件
花崎町34,117,647 JPY427,100 JPY/sq.m17 件
郷部10,450,000 JPY168,462 JPY/sq.m4 件
飯田町18,000,000 JPY243,334 JPY/sq.m4 件

Narita-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 New588,838 JPY/sq.m100 %
Residual Value (10 Years)394,370 JPY/sq.m67 %
Residual Value (20 Years)250,430 JPY/sq.m43 %
Residual Value (20 Years)157,017 JPY/sq.m27 %
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 Narita-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 Narita-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 Narita-Shi 玉造 (Narita-Shi Naritayukawa 21.0 min walk)
23.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

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

2. Chiba Narita-Shi 玉造 (Narita-Shi Naritayukawa 23.0 min walk)
22.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   126,667 JPY/sq.m

3. Chiba Narita-Shi 玉造 (Narita-Shi Naritayukawa 23.0 min walk)
25.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

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

4. Chiba Narita-Shi 大袋 (Narita-Shi Sougosanndou 16.0 min walk)
23.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

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

5. Chiba Narita-Shi 玉造 (Narita-Shi Naritayukawa 24.0 min walk)
23.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   124,000 JPY/sq.m

6. Chiba Narita-Shi 大袋 (Narita-Shi Sougosanndou 16.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   115,385 JPY/sq.m

7. Chiba Narita-Shi 郷部 (Narita-Shi Narita 16.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

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

8. Chiba Narita-Shi 大袋 (Narita-Shi Sougosanndou 16.0 min walk)
20.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   120,000 JPY/sq.m

9. Chiba Narita-Shi 郷部 (Narita-Shi Narita 16.0 min walk)
20.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 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'}}

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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 middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 17.6% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.6% of total transactions in 2019 and 5.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.3 years old in 2019 and 32.2 years old in 2020; +43.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 17.9% of total transactions in 2019 and 47.1% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 21.4% of total transactions in 2019 and 11.8% of total transactions in 2020)
The table below shows Apartment dealt in Chiba Narita-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 Narita-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
Kisarazu-Shi 貝渕 (4) [Area]16,500,000230,000 JPY/sq.m24.8 yrs19 min67 sq.m
Matsudo-Shi 竹ケ花西町 (3) [Area]13,000,000216,667 JPY/sq.m25.3 yrs18 min60 sq.m
Chiba-Shi Inage-Ku (1,718) [Area]15,000,000214,286 JPY/sq.m24.8 yrs19 min70 sq.m
Inage-Ku 園生町 (345) [Area]15,000,000213,333 JPY/sq.m23.8 yrs23 min70 sq.m
Yachiyo-Shi 上高野 (66) [Area]16,000,000212,132 JPY/sq.m26.0 yrs21 min75 sq.m
JR Sobu Line Inage (1,413) [Stations]15,000,000215,385 JPY/sq.m24.8 yrs20 min70 sq.m
JR Sobu Line Rapid Train Inage (1,413) [Stations]15,000,000215,385 JPY/sq.m24.8 yrs20 min70 sq.m
JR Keiyo Line Ichikawashiohama (14) [Stations]18,000,000261,112 JPY/sq.m30.5 yrs22 min60 sq.m