Asakita-Ku Apartment average value

Price 203,468 JPY/sq.m
- Age 20.8 years old
- Dist. from Sta. 14.2 min walk
- Property area 71.9 sq.m

The average price of Hiroshima-Shi Asakita-Ku Apartment, in 2020 was 197,116 JPY/sq.m. The market value represents a decrease of 18,758 JPY (-8.7%) compared to 1 year ago and a transition to a bear market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 10.0% of total transactions in 2019 and 14.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.7 min in 2019 and 16.9 min in 2020; +32.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 66.7% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Asakita-Ku were calculated using data on the sales of 123 properties provided by the MLIT Japan.

Asakita-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上深川町6,080,000 JPY91,556 JPY/sq.m10 件
亀山西6,921,053 JPY101,956 JPY/sq.m19 件
口田12,139,394 JPY178,389 JPY/sq.m33 件
口田南9,191,667 JPY141,356 JPY/sq.m24 件
可部16,412,195 JPY220,206 JPY/sq.m41 件
可部南7,945,454 JPY128,091 JPY/sq.m11 件
真亀24,428,571 JPY257,923 JPY/sq.m7 件
落合11,900,000 JPY168,619 JPY/sq.m13 件
落合南11,808,333 JPY167,195 JPY/sq.m12 件

Asakita-Ku 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 New487,682 JPY/sq.m100 %
Residual Value (10 Years)309,483 JPY/sq.m63 %
Residual Value (20 Years)195,383 JPY/sq.m40 %
Residual Value (20 Years)145,384 JPY/sq.m30 %
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 Asakita-Ku 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 Asakita-Ku 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 Hiroshima-Shi Asakita-Ku 可部 (Hiroshima-Shi Kabe 16.0 min walk)
21.8 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

2. Hiroshima Hiroshima-Shi Asakita-Ku 口田南 (Hiroshima-Shi Akiyaguchi 15.0 min walk)
23.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   150,769 JPY/sq.m

3. Hiroshima Hiroshima-Shi Asakita-Ku 可部 (Hiroshima-Shi Kabe 16.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 10.0% of total transactions in 2019 and 14.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.7 min in 2019 and 16.9 min in 2020; +32.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 66.7% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Asakita-Ku, 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 Asakita-Ku

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
Nishi-Ku 竜王町 (12) [Area]17,000,000206,250 JPY/sq.m24.4 yrs14 min80 sq.m
Asaminami-Ku 長束 (43) [Area]15,000,000200,000 JPY/sq.m22.5 yrs10 min70 sq.m
Asaminami-Ku 川内 (16) [Area]15,000,000207,692 JPY/sq.m15.8 yrs9 min65 sq.m
Nishi-Ku 高須 (3) [Area]16,000,000184,615 JPY/sq.m26.5 yrs19 min90 sq.m