Minami-Ku Apartment average value

Price 357,894 JPY/sq.m
- Age 20.0 years old
- Dist. from Sta. 32.9 min walk
- Property area 66.9 sq.m

The average price of Hiroshima-Shi Minami-Ku Apartment, in 2020 was 381,286 JPY/sq.m. The market value represents a decrease of 13,303 JPY (-3.4%) 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 relatively new buildings under 20 years old, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 38.8% of total transactions in 2019 and 23.1% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.8% of total transactions in 2019 and 7.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.2% of total transactions in 2019 and 12.8% of total transactions in 2020)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 23.5% of total transactions in 2019 and 23.1% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Minami-Ku were calculated using data on the sales of 797 properties provided by the MLIT Japan.

Minami-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上東雲町21,700,000 JPY336,476 JPY/sq.m5 件
丹那町11,816,667 JPY172,777 JPY/sq.m12 件
仁保13,572,727 JPY188,070 JPY/sq.m33 件
仁保新町16,011,111 JPY176,534 JPY/sq.m9 件
元宇品町13,285,714 JPY174,286 JPY/sq.m7 件
出汐22,000,000 JPY278,545 JPY/sq.m11 件
南蟹屋21,188,889 JPY277,019 JPY/sq.m18 件
向洋新町14,266,667 JPY213,993 JPY/sq.m3 件
堀越23,823,529 JPY309,983 JPY/sq.m17 件
大州9,056,364 JPY205,423 JPY/sq.m55 件
大須賀町13,005,882 JPY180,173 JPY/sq.m51 件
宇品御幸21,440,000 JPY290,754 JPY/sq.m58 件
宇品東17,894,118 JPY274,148 JPY/sq.m17 件
宇品海岸29,302,326 JPY411,862 JPY/sq.m83 件
宇品神田19,181,818 JPY274,596 JPY/sq.m22 件
宇品西29,481,482 JPY391,378 JPY/sq.m116 件
東雲16,770,588 JPY233,336 JPY/sq.m68 件
東雲本町12,316,667 JPY193,186 JPY/sq.m30 件
松原町69,142,857 JPY838,217 JPY/sq.m14 件
松川町30,000,000 JPY461,538 JPY/sq.m1 件
段原30,400,000 JPY409,416 JPY/sq.m30 件
段原南32,666,667 JPY413,436 JPY/sq.m6 件
段原山崎40,333,333 JPY493,856 JPY/sq.m3 件
段原日出37,000,000 JPY569,231 JPY/sq.m1 件
比治山本町24,862,500 JPY331,843 JPY/sq.m16 件
比治山町10,961,702 JPY252,539 JPY/sq.m47 件
的場町15,740,000 JPY221,503 JPY/sq.m5 件
皆実町8,732,727 JPY260,392 JPY/sq.m55 件
稲荷町22,125,000 JPY292,407 JPY/sq.m8 件
26,300,000 JPY352,275 JPY/sq.m20 件
西荒神町26,833,333 JPY372,657 JPY/sq.m6 件
西蟹屋23,600,000 JPY342,962 JPY/sq.m5 件
西霞町27,000,000 JPY358,016 JPY/sq.m3 件
金屋町24,000,000 JPY320,000 JPY/sq.m1 件
青崎17,190,000 JPY255,888 JPY/sq.m10 件

Minami-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 New584,038 JPY/sq.m100 %
Residual Value (10 Years)431,030 JPY/sq.m74 %
Residual Value (20 Years)320,924 JPY/sq.m55 %
Residual Value (20 Years)253,722 JPY/sq.m43 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Minami-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 Minami-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 Minami-Ku 翠 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-09-01 00:00:00

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

2. Hiroshima Hiroshima-Shi Minami-Ku 宇品神田 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.8 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:   22,000,000 JPY,    Unit price:   338,462 JPY/sq.m

3. Hiroshima Hiroshima-Shi Minami-Ku 宇品神田 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

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

4. Hiroshima Hiroshima-Shi Minami-Ku 宇品東 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   384,615 JPY/sq.m

5. Hiroshima Hiroshima-Shi Minami-Ku 翠 (Hiroshima-Shi Hiroshima 30.0 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:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

6. Hiroshima Hiroshima-Shi Minami-Ku 仁保 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

7. Hiroshima Hiroshima-Shi Minami-Ku 翠 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2014-06-01 00:00:00

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

8. Hiroshima Hiroshima-Shi Minami-Ku 大州 (Hiroshima-Shi Hiroshima 30.0 min walk)
19.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   242,857 JPY/sq.m

9. Hiroshima Hiroshima-Shi Minami-Ku 丹那町 (Hiroshima-Shi Hiroshima 30.0 min walk)
19.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

Trading price:   9,400,000 JPY,    Unit price:   144,615 JPY/sq.m

10. Hiroshima Hiroshima-Shi Minami-Ku 仁保 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

11. Hiroshima Hiroshima-Shi Minami-Ku 仁保 (Hiroshima-Shi Hiroshima 30.0 min walk)
18.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2018-03-01 00:00:00

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

12. Hiroshima Hiroshima-Shi Minami-Ku 仁保 (Hiroshima-Shi Hiroshima 30.0 min walk)
19.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

13. Hiroshima Hiroshima-Shi Minami-Ku 仁保 (Hiroshima-Shi Hiroshima 30.0 min walk)
19.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

14. Hiroshima Hiroshima-Shi Minami-Ku 仁保 (Hiroshima-Shi Hiroshima 30.0 min walk)
20.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2014-03-01 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, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 38.8% of total transactions in 2019 and 23.1% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.8% of total transactions in 2019 and 7.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.2% of total transactions in 2019 and 12.8% of total transactions in 2020)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 23.5% of total transactions in 2019 and 23.1% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Minami-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 Minami-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
Hiroshima-Shi Naka-Ku (946) [Area]20,000,000360,000 JPY/sq.m23.6 yrs30 min60 sq.m
Naka-Ku 南千田西町 (4) [Area]26,000,000361,538 JPY/sq.m23.6 yrs30 min67 sq.m
Naka-Ku 羽衣町 (7) [Area]24,000,000353,846 JPY/sq.m23.6 yrs30 min70 sq.m
Naka-Ku 千田町 (28) [Area]25,500,000353,572 JPY/sq.m20.9 yrs30 min70 sq.m
Naka-Ku 竹屋町 (3) [Area]26,000,000352,381 JPY/sq.m23.6 yrs28 min80 sq.m