Saeki-Ku Apartment average value

Price 226,609 JPY/sq.m
- Age 22.6 years old
- Dist. from Sta. 22.9 min walk
- Property area 74.4 sq.m

The average price of Hiroshima-Shi Saeki-Ku Apartment, in 2020 was 266,969 JPY/sq.m. The market value represents an increase of 27,134 JPY (+11.3%) 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 relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.6 years old in 2019 and 16.9 years old in 2020; -34.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.9% of total transactions in 2019 and 40.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Saeki-Ku were calculated using data on the sales of 330 properties provided by the MLIT Japan.

Saeki-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三宅10,276,471 JPY135,866 JPY/sq.m34 件
五日市19,000,000 JPY247,875 JPY/sq.m140 件
五日市中央17,274,118 JPY213,904 JPY/sq.m85 件
五日市町8,185,714 JPY126,345 JPY/sq.m7 件
五日市駅前22,669,231 JPY258,914 JPY/sq.m26 件
八幡15,300,000 JPY195,758 JPY/sq.m14 件
八幡東17,266,667 JPY230,716 JPY/sq.m6 件
千同14,000,000 JPY207,179 JPY/sq.m4 件
吉見園26,000,000 JPY273,684 JPY/sq.m1 件
楽々園9,043,750 JPY129,827 JPY/sq.m18 件
海老園12,946,342 JPY188,061 JPY/sq.m41 件
海老山町11,000,000 JPY169,231 JPY/sq.m1 件
皆賀13,402,941 JPY190,893 JPY/sq.m34 件
美の里11,529,412 JPY163,130 JPY/sq.m17 件
美鈴が丘西7,350,000 JPY96,689 JPY/sq.m4 件
藤垂園18,000,000 JPY247,667 JPY/sq.m5 件
隅の浜11,292,857 JPY161,858 JPY/sq.m14 件

Saeki-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 New455,292 JPY/sq.m100 %
Residual Value (10 Years)311,849 JPY/sq.m68 %
Residual Value (20 Years)214,407 JPY/sq.m47 %
Residual Value (20 Years)162,968 JPY/sq.m36 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Saeki-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 Saeki-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 Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
22.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

2. Hiroshima Hiroshima-Shi Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
21.8 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

3. Hiroshima Hiroshima-Shi Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
21.5 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:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

4. Hiroshima Hiroshima-Shi Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-09-01 00:00:00

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

5. Hiroshima Hiroshima-Shi Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
21.0 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:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

6. Hiroshima Hiroshima-Shi Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
20.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

7. Hiroshima Hiroshima-Shi Saeki-Ku 五日市中央 (Hiroshima-Shi Itsukaichi 21.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-06-01 00:00:00

Trading price:   3,300,000 JPY,    Unit price:   50,769 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.6 years old in 2019 and 16.9 years old in 2020; -34.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.9% of total transactions in 2019 and 40.0% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima-Shi Saeki-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 Saeki-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 草津東 (11) [Area]15,000,000235,294 JPY/sq.m22.3 yrs21 min65 sq.m
Saeki-Ku 五日市 (140) [Area]18,000,000242,105 JPY/sq.m19.8 yrs21 min75 sq.m
Saeki-Ku 千同 (4) [Area]14,000,000198,974 JPY/sq.m23.0 yrs26 min65 sq.m
Nishi-Ku 井口 (104) [Area]20,500,000266,484 JPY/sq.m21.3 yrs23 min80 sq.m