Ogaki-Shi Apartment average value

Price 192,248 JPY/sq.m
- Age 21.1 years old
- Dist. from Sta. 16.9 min walk
- Property area 74.2 sq.m

The average price of Gifu Ogaki-Shi Apartment, in 2020 was 219,475 JPY/sq.m. The market value represents an increase of 57,711 JPY (+35.7%) 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 relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 23.6 years old in 2019 and 20.4 years old in 2020; -13.8%)
  • An decrease in average distance from the station (representing 20.9 min in 2019 and 18.1 min in 2020; -13.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2019 and 60.0% of total transactions in 2020)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.4% of total transactions in 2019 and 14.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Ogaki-Shi were calculated using data on the sales of 158 properties provided by the MLIT Japan.

Ogaki-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三塚町20,000,000 JPY251,276 JPY/sq.m6 件
三津屋町7,587,500 JPY136,553 JPY/sq.m8 件
中町6,366,667 JPY92,637 JPY/sq.m3 件
丸の内6,940,000 JPY116,485 JPY/sq.m5 件
伝馬町17,666,667 JPY227,275 JPY/sq.m6 件
俵町6,762,500 JPY115,972 JPY/sq.m8 件
南高橋町5,240,000 JPY91,382 JPY/sq.m5 件
和合新町7,275,000 JPY116,987 JPY/sq.m4 件
安井町10,322,222 JPY143,919 JPY/sq.m9 件
室本町11,758,333 JPY176,462 JPY/sq.m12 件
室村町15,400,000 JPY200,333 JPY/sq.m5 件
宿地町12,000,000 JPY152,000 JPY/sq.m5 件
御殿町26,000,000 JPY283,690 JPY/sq.m5 件
新長沢町6,366,667 JPY97,949 JPY/sq.m3 件
旭町19,500,000 JPY243,750 JPY/sq.m2 件
本町9,600,000 JPY137,143 JPY/sq.m1 件
東前16,500,000 JPY179,704 JPY/sq.m4 件
林町12,931,250 JPY171,376 JPY/sq.m16 件
枝郷4,700,000 JPY72,308 JPY/sq.m1 件
禾森町7,650,000 JPY102,000 JPY/sq.m2 件
竹島町10,740,000 JPY154,462 JPY/sq.m5 件
緑園21,500,000 JPY195,454 JPY/sq.m2 件
藤江町17,666,667 JPY232,092 JPY/sq.m9 件
西外側町24,500,000 JPY257,895 JPY/sq.m2 件
見取町16,200,000 JPY217,460 JPY/sq.m15 件
郭町22,000,000 JPY274,510 JPY/sq.m4 件
錦町28,000,000 JPY331,250 JPY/sq.m2 件
高砂町24,000,000 JPY342,708 JPY/sq.m4 件
鶴見町7,320,000 JPY100,882 JPY/sq.m5 件

Ogaki-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 New289,803 JPY/sq.m100 %
Residual Value (10 Years)262,170 JPY/sq.m90 %
Residual Value (20 Years)204,300 JPY/sq.m70 %
Residual Value (20 Years)116,193 JPY/sq.m40 %
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 Ogaki-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 Ogaki-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. Gifu Ogaki-Shi 室本町 (Ogaki-Shi Oogaki 14.0 min walk)
22.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

2. Gifu Ogaki-Shi 竹島町 (Ogaki-Shi Oogaki 14.0 min walk)
22.8 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:   9,800,000 JPY,    Unit price:   140,000 JPY/sq.m

3. Gifu Ogaki-Shi 室本町 (Ogaki-Shi Oogaki 14.0 min walk)
22.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK
- Trading date: 2020-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   133,333 JPY/sq.m

4. Gifu Ogaki-Shi 竹島町 (Ogaki-Shi Oogaki 14.0 min walk)
24.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 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 relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 23.6 years old in 2019 and 20.4 years old in 2020; -13.8%)
  • An decrease in average distance from the station (representing 20.9 min in 2019 and 18.1 min in 2020; -13.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2019 and 60.0% of total transactions in 2020)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.4% of total transactions in 2019 and 14.3% of total transactions in 2020)
The table below shows Apartment dealt in Gifu Ogaki-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 Ogaki-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
Gifu-Shi(5) [Area]14,000,000186,667 JPY/sq.m18.0 yrs19 min80 sq.m
Ogaki-Shi 室村町 (5) [Area]15,000,000200,000 JPY/sq.m22.5 yrs16 min75 sq.m
Gifu (1,418) [Area]15,000,000200,000 JPY/sq.m20.3 yrs15 min75 sq.m
Ogaki-Shi 室本町 (12) [Area]12,000,000180,000 JPY/sq.m20.4 yrs13 min75 sq.m
Other (165) [Stations]15,000,000200,000 JPY/sq.m22.5 yrs14 min75 sq.m
JR Tokaido Main Line Oogaki (158) [Stations]15,000,000200,000 JPY/sq.m22.5 yrs14 min75 sq.m
Other Tarumi Railway Line (158) [Stations]15,000,000200,000 JPY/sq.m22.5 yrs14 min75 sq.m
Other Yoro Railway Line (158) [Stations]15,000,000200,000 JPY/sq.m22.5 yrs14 min75 sq.m
Tarumi Railway Line Oogaki (158) [Stations]15,000,000200,000 JPY/sq.m22.5 yrs14 min75 sq.m