Asaminami-Ku Apartment average value

Price 302,982 JPY/sq.m
- Age 18.3 years old
- Dist. from Sta. 7.7 min walk
- Property area 73.0 sq.m

The average price of Hiroshima-Shi Asaminami-Ku Apartment, in 2020 was 319,875 JPY/sq.m. The market value represents an increase of 45,353 JPY (+16.5%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 22.2 years old in 2019 and 18.4 years old in 2020; -17.1%)
  • An decrease in average distance from the station (representing 9.2 min in 2019 and 7.8 min in 2020; -14.3%)
  • A dramatic increase 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 26.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 4.2% of total transactions in 2019 and 6.7% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Asaminami-Ku were calculated using data on the sales of 461 properties provided by the MLIT Japan.

Asaminami-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八木16,331,579 JPY197,194 JPY/sq.m19 件
上安15,970,588 JPY225,940 JPY/sq.m17 件
中筋20,945,833 JPY294,545 JPY/sq.m24 件
中須17,840,909 JPY253,171 JPY/sq.m44 件
伴南22,888,889 JPY300,373 JPY/sq.m9 件
伴東18,285,714 JPY255,889 JPY/sq.m7 件
古市15,678,571 JPY225,366 JPY/sq.m28 件
大町東20,064,516 JPY282,440 JPY/sq.m31 件
安東15,800,000 JPY200,860 JPY/sq.m5 件
山本18,550,000 JPY271,923 JPY/sq.m6 件
川内14,250,000 JPY214,669 JPY/sq.m16 件
東原19,833,333 JPY279,885 JPY/sq.m18 件
東野14,863,636 JPY212,929 JPY/sq.m11 件
毘沙門台23,000,000 JPY330,745 JPY/sq.m3 件
沼田町14,200,000 JPY201,017 JPY/sq.m5 件
相田15,800,000 JPY225,714 JPY/sq.m5 件
祇園20,000,000 JPY276,811 JPY/sq.m24 件
緑井22,509,259 JPY281,130 JPY/sq.m54 件
西原18,181,333 JPY257,746 JPY/sq.m75 件
長束15,530,233 JPY218,078 JPY/sq.m43 件
高取北18,615,385 JPY235,201 JPY/sq.m13 件

Asaminami-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 New422,255 JPY/sq.m100 %
Residual Value (10 Years)355,463 JPY/sq.m84 %
Residual Value (20 Years)291,106 JPY/sq.m69 %
Residual Value (20 Years)229,187 JPY/sq.m54 %
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 Asaminami-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 Asaminami-Ku 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. Hiroshima Hiroshima-Shi Asaminami-Ku 祇園 (Hiroshima-Shi Shimogionn 7.0 min walk)
19.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

2. Hiroshima Hiroshima-Shi Asaminami-Ku 緑井 (Hiroshima-Shi Midorii 8.0 min walk)
19.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2014-06-01 00:00:00

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

3. Hiroshima Hiroshima-Shi Asaminami-Ku 中筋 (Hiroshima-Shi Nakasuji 8.0 min walk)
19.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: RC
- Trading date: 2006-06-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   158,333 JPY/sq.m

4. Hiroshima Hiroshima-Shi Asaminami-Ku 西原 (Hiroshima-Shi Shimogionn 6.0 min walk)
19.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2007-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   171,429 JPY/sq.m

5. Hiroshima Hiroshima-Shi Asaminami-Ku 八木 (Hiroshima-Shi Bairinn 8.0 min walk)
19.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   116,667 JPY/sq.m

6. Hiroshima Hiroshima-Shi Asaminami-Ku 東原 (Hiroshima-Shi Nakasuji 6.0 min walk)
19.0 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:   22,000,000 JPY,    Unit price:   338,462 JPY/sq.m

7. Hiroshima Hiroshima-Shi Asaminami-Ku 西原 (Hiroshima-Shi Gionnshinnbashikita 6.0 min walk)
19.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

8. Hiroshima Hiroshima-Shi Asaminami-Ku 緑井 (Hiroshima-Shi Midorii 6.0 min walk)
19.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   257,143 JPY/sq.m

9. Hiroshima Hiroshima-Shi Asaminami-Ku 祇園 (Hiroshima-Shi Shimogionn 7.0 min walk)
20.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   300,000 JPY/sq.m

10. Hiroshima Hiroshima-Shi Asaminami-Ku 八木 (Hiroshima-Shi Bairinn 8.0 min walk)
20.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   216,667 JPY/sq.m

11. Hiroshima Hiroshima-Shi Asaminami-Ku 西原 (Hiroshima-Shi Shimogionn 8.0 min walk)
20.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

12. Hiroshima Hiroshima-Shi Asaminami-Ku 緑井 (Hiroshima-Shi Midorii 6.0 min walk)
21.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m

13. Hiroshima Hiroshima-Shi Asaminami-Ku 緑井 (Hiroshima-Shi Midorii 8.0 min walk)
18.0 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:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

14. Hiroshima Hiroshima-Shi Asaminami-Ku 八木 (Hiroshima-Shi Bairinn 8.0 min walk)
18.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   216,667 JPY/sq.m

15. Hiroshima Hiroshima-Shi Asaminami-Ku 中須 (Hiroshima-Shi Furuichi 6.0 min walk)
18.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

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

16. Hiroshima Hiroshima-Shi Asaminami-Ku 東野 (Hiroshima-Shi Nakasuji 8.0 min walk)
18.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   338,462 JPY/sq.m

17. Hiroshima Hiroshima-Shi Asaminami-Ku 東原 (Hiroshima-Shi Nakasuji 6.0 min walk)
17.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   353,846 JPY/sq.m

18. Hiroshima Hiroshima-Shi Asaminami-Ku 大町東 (Hiroshima-Shi Oomachi 6.0 min walk)
17.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: RC
- Trading date: 2010-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

19. Hiroshima Hiroshima-Shi Asaminami-Ku 緑井 (Hiroshima-Shi Midorii 6.0 min walk)
17.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   261,538 JPY/sq.m

20. Hiroshima Hiroshima-Shi Asaminami-Ku 中須 (Hiroshima-Shi Furuichi 6.0 min walk)
17.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   261,538 JPY/sq.m

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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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 22.2 years old in 2019 and 18.4 years old in 2020; -17.1%)
  • An decrease in average distance from the station (representing 9.2 min in 2019 and 7.8 min in 2020; -14.3%)
  • A dramatic increase 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 26.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 4.2% of total transactions in 2019 and 6.7% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Asaminami-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 Asaminami-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
Higashi-Ku 矢賀新町 (14) [Area]20,500,000304,488 JPY/sq.m14.9 yrs10 min65 sq.m
Asaminami-Ku 毘沙門台 (3) [Area]22,000,000314,286 JPY/sq.m19.5 yrs10 min70 sq.m
Nishi-Ku 草津新町 (21) [Area]22,000,000325,000 JPY/sq.m25.0 yrs10 min70 sq.m
Asaminami-Ku 緑井 (54) [Area]24,000,000277,778 JPY/sq.m12.1 yrs5 min80 sq.m