Hiroshima-Shi Apartment average value

Price 312,057 JPY/sq.m
- Age 21.9 years old
- Dist. from Sta. 23.8 min walk
- Property area 66.0 sq.m

The average price of Hiroshima Hiroshima-Shi Apartment, in 2020 was 337,489 JPY/sq.m. The market value represents an increase of 9,904 JPY (+3.0%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving new buildings under 10 years old.

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 47.1% of total transactions in 2019 and 38.4% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.8% of total transactions in 2019 and 7.2% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.1% of total transactions in 2019 and 4.8% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 8.0% of total transactions in 2019 and 8.7% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Hiroshima-Shi were calculated using data on the sales of 3,970 properties provided by the MLIT Japan.

Hiroshima-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Naka-Ku22,142,731 JPY363,772 JPY/sq.m946 件
Higashi-Ku20,365,957 JPY282,489 JPY/sq.m451 件
Minami-Ku24,983,898 JPY357,894 JPY/sq.m797 件
Nishi-Ku19,345,029 JPY287,109 JPY/sq.m717 件
Asaminami-Ku22,287,255 JPY302,982 JPY/sq.m461 件
Asakita-Ku15,032,258 JPY203,468 JPY/sq.m123 件
Aki-Ku14,015,790 JPY187,468 JPY/sq.m145 件
Saeki-Ku17,101,492 JPY226,609 JPY/sq.m330 件

Hiroshima-Shi 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 New560,332 JPY/sq.m100 %
Residual Value (10 Years)411,515 JPY/sq.m73 %
Residual Value (20 Years)304,098 JPY/sq.m54 %
Residual Value (20 Years)238,083 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 Hiroshima-Shi 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 Hiroshima-Shi 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 Naka-Ku 富士見町 (Hiroshima-Shi Hiroshima 24.0 min walk)
22.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-03-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   385,714 JPY/sq.m

2. Hiroshima Hiroshima-Shi Nishi-Ku 井口 (Hiroshima-Shi Shinninokuchi 24.0 min walk)
21.3 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:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

3. Hiroshima Hiroshima-Shi Nishi-Ku 古江西町 (Hiroshima-Shi Shinninokuchi 26.0 min walk)
22.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   107,692 JPY/sq.m

4. Hiroshima Hiroshima-Shi Naka-Ku 富士見町 (Hiroshima-Shi Hiroshima 26.0 min walk)
21.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-06-01 00:00:00

Trading price:   29,000,000 JPY,    Unit price:   414,286 JPY/sq.m

5. Hiroshima Hiroshima-Shi Aki-Ku 矢野南 (Hiroshima-Shi Yano 26.0 min walk)
21.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2017-06-01 00:00:00

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

6. Hiroshima Hiroshima-Shi Higashi-Ku 牛田東 (Hiroshima-Shi Hiroshima 26.0 min walk)
21.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2009-06-01 00:00:00

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

7. Hiroshima Hiroshima-Shi Nishi-Ku 井口 (Hiroshima-Shi Shinninokuchi 23.0 min walk)
22.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

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

8. Hiroshima Hiroshima-Shi Saeki-Ku 千同 (Hiroshima-Shi Itsukaichi 26.0 min walk)
22.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

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

9. Hiroshima Hiroshima-Shi Aki-Ku 矢野南 (Hiroshima-Shi Yano 26.0 min walk)
23.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

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

10. Hiroshima Hiroshima-Shi Saeki-Ku 千同 (Hiroshima-Shi Itsukaichi 26.0 min walk)
23.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

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

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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 an decrease in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving new buildings under 10 years old.

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 47.1% of total transactions in 2019 and 38.4% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.8% of total transactions in 2019 and 7.2% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.1% of total transactions in 2019 and 4.8% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 8.0% of total transactions in 2019 and 8.7% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima Hiroshima-Shi, 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 Hiroshima-Shi

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
Minami-Ku 比治山本町 (16) [Area]25,500,000303,334 JPY/sq.m18.8 yrs21 min70 sq.m
Higashi-Ku 牛田南 (7) [Area]19,000,000292,308 JPY/sq.m21.5 yrs19 min65 sq.m
Fukuyama-Shi 緑町 (6) [Area]26,000,000335,000 JPY/sq.m22.3 yrs28 min72 sq.m
Hiroshima-Shi Nishi-Ku (717) [Area]19,000,000280,000 JPY/sq.m24.4 yrs19 min65 sq.m
JR Sanyo Main Line Nishihiroshima (195) [Stations]17,000,000276,923 JPY/sq.m25.8 yrs25 min65 sq.m
JR JR Sanyo Main Line (4,664) [Stations]18,000,000275,000 JPY/sq.m21.8 yrs21 min70 sq.m
JR Sanyo Main Line Shinninokuchi (228) [Stations]18,500,000250,000 JPY/sq.m23.3 yrs21 min72 sq.m