Higashihiroshima-Shi Apartment average value

Price 269,787 JPY/sq.m
- Age 13.8 years old
- Dist. from Sta. 13.8 min walk
- Property area 74.4 sq.m

The average price of Hiroshima Higashihiroshima-Shi Apartment, in 2020 was 263,223 JPY/sq.m. The market value represents a decrease of 38,518 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.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.1% of total transactions in 2019 and 9.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2019 and 36.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Higashihiroshima-Shi were calculated using data on the sales of 167 properties provided by the MLIT Japan.

Higashihiroshima-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八本松東5,620,000 JPY91,102 JPY/sq.m5 件
八本松町飯田5,250,000 JPY80,769 JPY/sq.m4 件
西条上市町18,000,000 JPY262,564 JPY/sq.m3 件
西条中央19,250,000 JPY251,900 JPY/sq.m8 件
西条大坪町22,450,000 JPY254,096 JPY/sq.m20 件
西条岡町24,000,000 JPY342,857 JPY/sq.m1 件
西条御条町18,024,390 JPY238,096 JPY/sq.m41 件
西条昭和町18,368,421 JPY242,844 JPY/sq.m19 件
西条朝日町12,471,875 JPY184,735 JPY/sq.m32 件
西条本町34,000,000 JPY411,764 JPY/sq.m2 件
西条栄町28,000,000 JPY373,334 JPY/sq.m2 件
西条町助実3,850,000 JPY85,556 JPY/sq.m6 件
西条町寺家19,750,000 JPY219,125 JPY/sq.m8 件
西条西本町5,069,231 JPY96,312 JPY/sq.m16 件

Higashihiroshima-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 New436,645 JPY/sq.m100 %
Residual Value (10 Years)287,676 JPY/sq.m66 %
Residual Value (20 Years)226,589 JPY/sq.m52 %
Residual Value (20 Years)253,383 JPY/sq.m58 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Higashihiroshima-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 Higashihiroshima-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. Hiroshima Higashihiroshima-Shi 西条昭和町 (Higashihiroshima-Shi Saijou 11.0 min walk)
11.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   169,231 JPY/sq.m

2. Hiroshima Higashihiroshima-Shi 西条西本町 (Higashihiroshima-Shi Saijou 11.0 min walk)
11.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   320,000 JPY/sq.m

3. Hiroshima Higashihiroshima-Shi 西条御条町 (Higashihiroshima-Shi Saijou 10.0 min walk)
10.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   280,000 JPY/sq.m

4. Hiroshima Higashihiroshima-Shi 西条朝日町 (Higashihiroshima-Shi Saijou 9.0 min walk)
11.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2007-12-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

5. Hiroshima Higashihiroshima-Shi 西条昭和町 (Higashihiroshima-Shi Saijou 10.0 min walk)
13.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2013-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   186,667 JPY/sq.m

6. Hiroshima Higashihiroshima-Shi 西条朝日町 (Higashihiroshima-Shi Saijou 9.0 min walk)
12.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-03-01 00:00:00

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

7. Hiroshima Higashihiroshima-Shi 西条昭和町 (Higashihiroshima-Shi Saijou 10.0 min walk)
9.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2009-09-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   212,500 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.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.1% of total transactions in 2019 and 9.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2019 and 36.4% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima Higashihiroshima-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 Higashihiroshima-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
Mihara-Shi (108) [Area]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
Higashi-Ku 矢賀 (34) [Area]17,500,000262,348 JPY/sq.m14.5 yrs15 min65 sq.m
Onomichi-Shi (78) [Area]20,500,000278,151 JPY/sq.m15.8 yrs13 min75 sq.m
Higashihiroshima-Shi 西条昭和町 (19) [Area]18,000,000247,059 JPY/sq.m13.0 yrs11 min75 sq.m
JR Kure Line Mihara (109) [Stations]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
JR Sanyo Main Line Mihara (109) [Stations]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
Sanyo Shinkansen Mihara (109) [Stations]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
JR Sanyo Main Line Saijou (155) [Stations]20,000,000275,962 JPY/sq.m11.8 yrs11 min72 sq.m
JR Sanyo Main Line Onomichi (57) [Stations]18,000,000253,333 JPY/sq.m14.3 yrs11 min70 sq.m