Nishi-Ku Apartment average value

Price 287,109 JPY/sq.m
- Age 23.1 years old
- Dist. from Sta. 19.4 min walk
- Property area 65.1 sq.m

The average price of Hiroshima-Shi Nishi-Ku Apartment, in 2020 was 306,746 JPY/sq.m. The market value represents an increase of 22,843 JPY (+8.0%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • An decrease in average age of the building (representing 23.3 years old in 2019 and 18.7 years old in 2020; -19.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 53.3% of total transactions in 2019 and 38.5% of total transactions in 2020)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2019 and 7.7% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.8 min in 2019 and 27.8 min in 2020; +56.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2019 and 3.8% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 717 properties provided by the MLIT Japan.

Nishi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三滝本町13,500,000 JPY151,364 JPY/sq.m2 件
三滝町32,000,000 JPY400,000 JPY/sq.m4 件
三篠町9,093,939 JPY247,303 JPY/sq.m33 件
中広町8,020,000 JPY125,928 JPY/sq.m17 件
井口21,650,000 JPY274,674 JPY/sq.m104 件
井口台15,439,216 JPY201,843 JPY/sq.m51 件
井口明神13,511,111 JPY192,680 JPY/sq.m9 件
南観音22,975,000 JPY298,910 JPY/sq.m28 件
南観音町23,833,333 JPY301,336 JPY/sq.m6 件
古江上11,703,704 JPY168,405 JPY/sq.m28 件
古江東町20,466,667 JPY273,491 JPY/sq.m15 件
古江西町12,377,143 JPY179,550 JPY/sq.m35 件
大芝27,041,667 JPY322,583 JPY/sq.m12 件
天満町9,581,395 JPY244,540 JPY/sq.m43 件
小河内町30,000,000 JPY333,333 JPY/sq.m1 件
己斐上7,566,667 JPY108,095 JPY/sq.m3 件
己斐本町5,775,610 JPY182,564 JPY/sq.m41 件
己斐西町28,000,000 JPY334,066 JPY/sq.m2 件
庚午中21,312,500 JPY283,244 JPY/sq.m24 件
庚午北22,187,500 JPY276,842 JPY/sq.m24 件
庚午南13,312,500 JPY192,145 JPY/sq.m8 件
打越町22,000,000 JPY305,158 JPY/sq.m13 件
新庄町27,000,000 JPY337,500 JPY/sq.m1 件
東観音町24,000,000 JPY289,123 JPY/sq.m3 件
楠木町22,600,000 JPY307,062 JPY/sq.m5 件
横川新町33,666,667 JPY374,074 JPY/sq.m3 件
横川町9,355,047 JPY215,252 JPY/sq.m107 件
田方10,856,250 JPY154,510 JPY/sq.m48 件
竜王町16,866,667 JPY208,280 JPY/sq.m12 件
草津南11,981,250 JPY181,868 JPY/sq.m16 件
草津新町18,695,238 JPY253,142 JPY/sq.m21 件
草津本町22,400,000 JPY313,931 JPY/sq.m10 件
草津東13,636,364 JPY198,427 JPY/sq.m11 件
草津梅が台14,642,857 JPY188,914 JPY/sq.m7 件
西観音町35,000,000 JPY437,500 JPY/sq.m1 件
観音本町25,000,000 JPY294,118 JPY/sq.m1 件
観音町24,538,462 JPY316,833 JPY/sq.m13 件
鈴が峰町12,453,333 JPY159,200 JPY/sq.m15 件
高須18,000,000 JPY217,094 JPY/sq.m3 件

Nishi-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 New534,375 JPY/sq.m100 %
Residual Value (10 Years)394,066 JPY/sq.m74 %
Residual Value (20 Years)290,636 JPY/sq.m54 %
Residual Value (20 Years)224,083 JPY/sq.m42 %
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 Nishi-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 Nishi-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 Nishi-Ku 井口台 (Hiroshima-Shi Shinninokuchi 19.0 min walk)
22.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

2. Hiroshima Hiroshima-Shi Nishi-Ku 己斐上 (Hiroshima-Shi Nishihiroshima 17.0 min walk)
22.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-09-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   114,286 JPY/sq.m

3. Hiroshima Hiroshima-Shi Nishi-Ku 鈴が峰町 (Hiroshima-Shi Shinninokuchi 20.0 min walk)
22.0 years old , Area: 75.0 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:   173,333 JPY/sq.m

4. Hiroshima Hiroshima-Shi Nishi-Ku 井口 (Hiroshima-Shi Shinninokuchi 20.0 min walk)
21.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

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

5. Hiroshima Hiroshima-Shi Nishi-Ku 井口 (Hiroshima-Shi Shinninokuchi 21.0 min walk)
22.0 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:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

6. Hiroshima Hiroshima-Shi Nishi-Ku 鈴が峰町 (Hiroshima-Shi Shinninokuchi 20.0 min walk)
21.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

Trading price:   9,400,000 JPY,    Unit price:   125,333 JPY/sq.m

7. Hiroshima Hiroshima-Shi Nishi-Ku 楠木町 (Hiroshima-Shi Yokogawa 16.0 min walk)
22.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   266,667 JPY/sq.m

8. Hiroshima Hiroshima-Shi Nishi-Ku 鈴が峰町 (Hiroshima-Shi Shinninokuchi 19.0 min walk)
21.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2007-03-01 00:00:00

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

9. Hiroshima Hiroshima-Shi Nishi-Ku 鈴が峰町 (Hiroshima-Shi Shinninokuchi 22.0 min walk)
22.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-03-01 00:00:00

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

10. Hiroshima Hiroshima-Shi Nishi-Ku 鈴が峰町 (Hiroshima-Shi Shinninokuchi 18.0 min walk)
27.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   107,143 JPY/sq.m

11. Hiroshima Hiroshima-Shi Nishi-Ku 三滝本町 (Hiroshima-Shi Yokogawa 17.0 min walk)
27.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   72,727 JPY/sq.m

12. Hiroshima Hiroshima-Shi Nishi-Ku 草津東 (Hiroshima-Shi Shinninokuchi 20.0 min walk)
28.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   4,800,000 JPY,    Unit price:   80,000 JPY/sq.m

13. Hiroshima Hiroshima-Shi Nishi-Ku 高須 (Hiroshima-Shi Nishihiroshima 19.0 min walk)
19.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2010-12-01 00:00:00

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

14. Hiroshima Hiroshima-Shi Nishi-Ku 庚午北 (Hiroshima-Shi Nishihiroshima 21.0 min walk)
28.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

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

15. Hiroshima Hiroshima-Shi Nishi-Ku 井口 (Hiroshima-Shi Shinninokuchi 21.0 min walk)
20.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

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

16. Hiroshima Hiroshima-Shi Nishi-Ku 草津東 (Hiroshima-Shi Shinninokuchi 20.0 min walk)
29.0 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:   11,000,000 JPY,    Unit price:   183,333 JPY/sq.m

17. Hiroshima Hiroshima-Shi Nishi-Ku 庚午北 (Hiroshima-Shi Nishihiroshima 16.0 min walk)
20.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   276,923 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 new buildings under 10 years old, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • An decrease in average age of the building (representing 23.3 years old in 2019 and 18.7 years old in 2020; -19.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 53.3% of total transactions in 2019 and 38.5% of total transactions in 2020)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2019 and 7.7% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.8 min in 2019 and 27.8 min in 2020; +56.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2019 and 3.8% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Nishi-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 Nishi-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 牛田南 (7) [Area]19,000,000292,308 JPY/sq.m21.5 yrs19 min65 sq.m
Minami-Ku 比治山本町 (16) [Area]25,500,000303,334 JPY/sq.m18.8 yrs21 min70 sq.m
Minami-Ku 南蟹屋 (18) [Area]24,000,000305,000 JPY/sq.m20.5 yrs15 min70 sq.m
Saeki-Ku 五日市 (140) [Area]18,000,000242,105 JPY/sq.m19.8 yrs21 min75 sq.m