Kure-Shi Apartment average value

Price 226,050 JPY/sq.m
- Age 17.7 years old
- Dist. from Sta. 10.4 min walk
- Property area 74.0 sq.m

The average price of Hiroshima Kure-Shi Apartment, in 2020 was 240,236 JPY/sq.m. The market value represents an increase of 12,124 JPY (+5.3%) 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 recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.1 years old in 2019 and 14.4 years old in 2020; -20.5%)
  • An decrease in average distance from the station (representing 10.6 min in 2019 and 9.4 min in 2020; -12.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 9.1% of total transactions in 2019 and 40.0% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2019 and 50.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Kure-Shi were calculated using data on the sales of 267 properties provided by the MLIT Japan.

Kure-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三条15,616,667 JPY225,010 JPY/sq.m12 件
中央9,839,143 JPY221,166 JPY/sq.m35 件
中通12,412,500 JPY159,026 JPY/sq.m8 件
吉浦新町16,023,810 JPY228,027 JPY/sq.m21 件
天応南町8,950,000 JPY149,166 JPY/sq.m2 件
天応西条9,600,000 JPY150,722 JPY/sq.m6 件
宝町30,000,000 JPY370,090 JPY/sq.m9 件
川尻町西7,400,000 JPY105,193 JPY/sq.m4 件
広中町17,160,000 JPY218,947 JPY/sq.m10 件
広古新開15,712,500 JPY234,094 JPY/sq.m8 件
広大新開11,811,765 JPY170,534 JPY/sq.m17 件
広本町13,104,000 JPY202,046 JPY/sq.m25 件
広白岳10,266,667 JPY157,222 JPY/sq.m3 件
広白石12,289,286 JPY169,819 JPY/sq.m28 件
朝日町7,416,667 JPY121,795 JPY/sq.m6 件
本町21,666,667 JPY294,643 JPY/sq.m3 件
本通17,307,143 JPY242,932 JPY/sq.m28 件
海岸14,500,000 JPY219,670 JPY/sq.m10 件
船見町14,500,000 JPY223,077 JPY/sq.m2 件
西中央20,333,333 JPY270,734 JPY/sq.m6 件
西片山町23,500,000 JPY319,315 JPY/sq.m4 件
阿賀中央18,333,333 JPY241,268 JPY/sq.m9 件
阿賀南21,625,000 JPY274,711 JPY/sq.m8 件

Kure-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 New376,675 JPY/sq.m100 %
Residual Value (10 Years)297,360 JPY/sq.m79 %
Residual Value (20 Years)226,092 JPY/sq.m60 %
Residual Value (20 Years)162,871 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 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 Kure-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 Kure-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 Kure-Shi 本通 (Kure-Shi Kure 9.0 min walk)
17.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

2. Hiroshima Kure-Shi 西中央 (Kure-Shi Kure 9.0 min walk)
17.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   280,000 JPY/sq.m

3. Hiroshima Kure-Shi 広大新開 (Kure-Shi Hiro 9.0 min walk)
15.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-09-01 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 recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.1 years old in 2019 and 14.4 years old in 2020; -20.5%)
  • An decrease in average distance from the station (representing 10.6 min in 2019 and 9.4 min in 2020; -12.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 9.1% of total transactions in 2019 and 40.0% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2019 and 50.0% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima Kure-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 Kure-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
Aki-Ku 矢野東 (37) [Area]15,000,000230,769 JPY/sq.m14.5 yrs12 min80 sq.m
Fukuyama-Shi 笠岡町 (10) [Area]15,500,000220,536 JPY/sq.m16.1 yrs9 min72 sq.m
Asaminami-Ku 川内 (16) [Area]15,000,000207,692 JPY/sq.m15.8 yrs9 min65 sq.m
Hatsukaichi-Shi 可愛 (16) [Area]13,000,000207,692 JPY/sq.m20.4 yrs12 min60 sq.m
JR Sanyo Main Line Hatsukaichi (82) [Stations]13,000,000216,667 JPY/sq.m16.8 yrs12 min70 sq.m
JR Kure Line Yano (66) [Stations]14,000,000200,000 JPY/sq.m16.8 yrs9 min70 sq.m
JR Geibi Line Hesaka (22) [Stations]14,000,000200,000 JPY/sq.m17.8 yrs10 min65 sq.m
Hiroshima Electric Railway Hiroden Miyajima Line (35) [Stations]16,000,000200,000 JPY/sq.m19.3 yrs10 min70 sq.m
JR Sanyo Main Line Onomichi (57) [Stations]18,000,000253,333 JPY/sq.m14.3 yrs11 min70 sq.m