Higashi-Ku Apartment average value

Price 282,489 JPY/sq.m
- Age 22.9 years old
- Dist. from Sta. 29.8 min walk
- Property area 69.5 sq.m

The average price of Hiroshima-Shi Higashi-Ku Apartment, in 2020 was 308,770 JPY/sq.m. The market value represents an increase of 11,679 JPY (+3.9%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Causes of price decreases

  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 56.7% of total transactions in 2019 and 57.1% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Higashi-Ku were calculated using data on the sales of 451 properties provided by the MLIT Japan.

Higashi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
二葉の里11,458,333 JPY223,045 JPY/sq.m12 件
上温品6,383,333 JPY94,355 JPY/sq.m6 件
中山中町13,000,000 JPY198,825 JPY/sq.m6 件
中山南10,921,429 JPY155,483 JPY/sq.m28 件
中山東14,094,737 JPY223,752 JPY/sq.m19 件
光が丘13,000,000 JPY208,974 JPY/sq.m2 件
光町14,905,556 JPY393,856 JPY/sq.m18 件
尾長東8,300,000 JPY126,795 JPY/sq.m3 件
尾長西3,900,000 JPY108,458 JPY/sq.m4 件
山根町13,333,333 JPY188,732 JPY/sq.m12 件
戸坂千足15,227,273 JPY225,031 JPY/sq.m22 件
戸坂くるめ木7,250,000 JPY120,834 JPY/sq.m2 件
戸坂中町18,666,667 JPY266,667 JPY/sq.m6 件
戸坂出江17,783,333 JPY215,851 JPY/sq.m18 件
戸坂山崎町14,300,000 JPY203,033 JPY/sq.m15 件
戸坂山根17,400,000 JPY214,823 JPY/sq.m10 件
戸坂惣田9,600,000 JPY140,848 JPY/sq.m6 件
東蟹屋町32,800,000 JPY341,705 JPY/sq.m20 件
温品21,000,000 JPY272,778 JPY/sq.m3 件
牛田中21,400,000 JPY236,734 JPY/sq.m10 件
牛田南18,428,571 JPY275,531 JPY/sq.m7 件
牛田新町15,439,474 JPY236,340 JPY/sq.m38 件
牛田早稲田10,378,125 JPY158,090 JPY/sq.m32 件
牛田旭35,625,000 JPY498,154 JPY/sq.m8 件
牛田本町29,500,000 JPY462,121 JPY/sq.m4 件
牛田東7,205,263 JPY108,962 JPY/sq.m22 件
矢賀16,852,941 JPY245,604 JPY/sq.m34 件
矢賀新町21,214,286 JPY307,484 JPY/sq.m14 件
若草町40,409,524 JPY521,999 JPY/sq.m84 件

Higashi-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 New635,868 JPY/sq.m100 %
Residual Value (10 Years)436,324 JPY/sq.m69 %
Residual Value (20 Years)291,654 JPY/sq.m46 %
Residual Value (20 Years)201,860 JPY/sq.m32 %
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 Higashi-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 Higashi-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 Higashi-Ku 中山南 (Hiroshima-Shi Hiroshima 30.0 min walk)
21.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   173,333 JPY/sq.m

2. Hiroshima Hiroshima-Shi Higashi-Ku 牛田早稲田 (Hiroshima-Shi Hiroshima 30.0 min walk)
21.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2018-06-01 00:00:00

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

3. Hiroshima Hiroshima-Shi Higashi-Ku 牛田早稲田 (Hiroshima-Shi Hiroshima 30.0 min walk)
20.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   123,077 JPY/sq.m

4. Hiroshima Hiroshima-Shi Higashi-Ku 中山東 (Hiroshima-Shi Hiroshima 30.0 min walk)
20.0 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:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

5. Hiroshima Hiroshima-Shi Higashi-Ku 牛田新町 (Hiroshima-Shi Hiroshima 30.0 min walk)
19.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

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

6. Hiroshima Hiroshima-Shi Higashi-Ku 牛田新町 (Hiroshima-Shi Hiroshima 30.0 min walk)
19.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   28,000,000 JPY,    Unit price:   400,000 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 middle size for a DINKS or an old age households less than 60 sq.m.

Causes of price decreases

  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 56.7% of total transactions in 2019 and 57.1% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Higashi-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 Higashi-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 古江東町 (15) [Area]21,000,000276,923 JPY/sq.m20.0 yrs25 min75 sq.m
Naka-Ku 鶴見町 (21) [Area]12,000,000275,000 JPY/sq.m24.5 yrs25 min60 sq.m
Hiroshima-Shi (3,970) [Area]20,000,000292,308 JPY/sq.m22.0 yrs24 min70 sq.m
Minami-Ku 宇品東 (17) [Area]19,000,000292,308 JPY/sq.m22.3 yrs30 min65 sq.m
Naka-Ku 吉島町 (6) [Area]23,000,000298,214 JPY/sq.m23.6 yrs30 min77 sq.m