Niihama-Shi Apartment average value

Price 72,556 JPY/sq.m
- Age 35.6 years old
- Dist. from Sta. 27.2 min walk
- Property area 53.4 sq.m

The average price of Ehime Niihama-Shi Apartment, in 2020 was 137,338 JPY/sq.m. The market value represents an increase of 43,470 JPY (+46.3%) 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 small size for a single person households less than 30 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 34.2 years old in 2019 and 29.4 years old in 2020; -13.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 14.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Niihama-Shi were calculated using data on the sales of 192 properties provided by the MLIT Japan.

Niihama-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
中須賀町9,442,857 JPY125,205 JPY/sq.m14 件
久保田町17,246,667 JPY208,719 JPY/sq.m15 件
坂井町20,500,000 JPY292,857 JPY/sq.m2 件
多喜浜1,433,333 JPY28,667 JPY/sq.m6 件
宇高町1,344,348 JPY26,206 JPY/sq.m23 件
庄内町22,000,000 JPY244,444 JPY/sq.m1 件
徳常町7,213,333 JPY119,544 JPY/sq.m15 件
政枝町11,583,333 JPY167,033 JPY/sq.m6 件
星越町21,500,000 JPY286,666 JPY/sq.m2 件
東雲町985,000 JPY20,746 JPY/sq.m22 件
泉宮町3,678,636 JPY111,509 JPY/sq.m22 件
繁本町8,926,667 JPY116,908 JPY/sq.m15 件
若水町7,688,889 JPY101,606 JPY/sq.m9 件
萩生21,000,000 JPY280,877 JPY/sq.m6 件
西の土居町21,727,273 JPY262,731 JPY/sq.m11 件
733,810 JPY17,647 JPY/sq.m21 件
高木町21,000,000 JPY270,834 JPY/sq.m2 件

Niihama-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 New203,208 JPY/sq.m100 %
Residual Value (10 Years)162,455 JPY/sq.m80 %
Residual Value (20 Years)123,691 JPY/sq.m61 %
Residual Value (20 Years)86,917 JPY/sq.m43 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Niihama-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 Niihama-Shi 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. Ehime Niihama-Shi 宇高町 (Niihama-Shi Niihama 30.0 min walk)
36.3 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2009-06-01 00:00:00

Trading price:   1,800,000 JPY,    Unit price:   36,000 JPY/sq.m

2. Ehime Niihama-Shi 中須賀町 (Niihama-Shi Niihama 30.0 min walk)
28.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2020-12-01 00:00:00

Trading price:   6,900,000 JPY,    Unit price:   115,000 JPY/sq.m

3. Ehime Niihama-Shi 多喜浜 (Niihama-Shi Takihama 25.0 min walk)
33.3 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   2,000,000 JPY,    Unit price:   40,000 JPY/sq.m

4. Ehime Niihama-Shi 徳常町 (Niihama-Shi Niihama 30.0 min walk)
27.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   6,400,000 JPY,    Unit price:   106,667 JPY/sq.m

5. Ehime Niihama-Shi 徳常町 (Niihama-Shi Niihama 30.0 min walk)
26.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: SRC
- Trading date: 2018-06-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   133,333 JPY/sq.m

6. Ehime Niihama-Shi 徳常町 (Niihama-Shi Niihama 30.0 min walk)
26.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-06-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   133,333 JPY/sq.m

7. Ehime Niihama-Shi 宇高町 (Niihama-Shi Niihama 30.0 min walk)
39.0 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 2DK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   1,900,000 JPY,    Unit price:   38,000 JPY/sq.m

8. Ehime Niihama-Shi 多喜浜 (Niihama-Shi Takihama 24.0 min walk)
38.0 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 2DK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   1,500,000 JPY,    Unit price:   30,000 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{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 small size for a single person households less than 30 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 34.2 years old in 2019 and 29.4 years old in 2020; -13.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 14.3% of total transactions in 2020)
The table below shows Apartment dealt in Ehime Niihama-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 Niihama-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
Matsuyama-Shi 溝辺町 (13) [Area]5,000,00076,923 JPY/sq.m39.7 yrs26 min70 sq.m
Matsuyama-Shi 須賀町 (4) [Area]4,750,00086,364 JPY/sq.m33.3 yrs15 min55 sq.m
Niihama-Shi 若水町 (9) [Area]6,000,000100,000 JPY/sq.m24.6 yrs30 min75 sq.m
Niihama-Shi 泉宮町 (22) [Area]2,950,000108,000 JPY/sq.m22.3 yrs30 min25 sq.m
JR Yosan Line Niihama (188) [Stations]2,600,00078,572 JPY/sq.m28.3 yrs30 min50 sq.m
Iyotetsu Johoku Line Teppouchou (42) [Stations]1,850,000103,334 JPY/sq.m27.9 yrs8 min15 sq.m
Iyotetsu Johoku Line Takasagochou (6) [Stations]1,600,000106,666 JPY/sq.m30.8 yrs11 min15 sq.m
Iyotetsu Takahama Line Yamanishi (11) [Stations]6,000,000109,091 JPY/sq.m15.9 yrs14 min55 sq.m
JR Yosan Line Takihama (5) [Stations]1,400,00028,000 JPY/sq.m39.5 yrs25 min50 sq.m