Mihara-Shi Apartment average value

Price 282,500 JPY/sq.m
- Age 12.8 years old
- Dist. from Sta. 12.0 min walk
- Property area 70.3 sq.m

The average price of Hiroshima Mihara-Shi Apartment, in 2020 was 300,014 JPY/sq.m. The market value represents an increase of 13,903 JPY (+4.9%) 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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.7 years old in 2019 and 10.6 years old in 2020; -28.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2019 and 50.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Mihara-Shi were calculated using data on the sales of 108 properties provided by the MLIT Japan.

Mihara-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
円一町10,568,421 JPY171,339 JPY/sq.m19 件
城町20,170,732 JPY269,564 JPY/sq.m41 件
宮沖22,000,000 JPY275,556 JPY/sq.m6 件
宮浦16,500,000 JPY211,905 JPY/sq.m2 件
本町14,066,667 JPY184,193 JPY/sq.m9 件
港町30,142,857 JPY421,941 JPY/sq.m7 件
皆実9,240,000 JPY141,181 JPY/sq.m5 件
西町13,250,000 JPY190,000 JPY/sq.m4 件
館町16,666,667 JPY234,228 JPY/sq.m15 件

Mihara-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 New414,713 JPY/sq.m100 %
Residual Value (10 Years)302,494 JPY/sq.m73 %
Residual Value (20 Years)225,986 JPY/sq.m54 %
Residual Value (20 Years)185,189 JPY/sq.m45 %
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 Mihara-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 Mihara-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 Mihara-Shi 城町 (Mihara-Shi Mihara 11.0 min walk)
13.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

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

2. Hiroshima Mihara-Shi 城町 (Mihara-Shi Mihara 11.0 min walk)
13.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

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

3. Hiroshima Mihara-Shi 城町 (Mihara-Shi Mihara 11.0 min walk)
13.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

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

4. Hiroshima Mihara-Shi 館町 (Mihara-Shi Mihara 10.0 min walk)
14.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   186,667 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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.7 years old in 2019 and 10.6 years old in 2020; -28.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2019 and 50.0% of total transactions in 2020)
The table below shows Apartment dealt in Hiroshima Mihara-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 Mihara-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
Higashihiroshima-Shi (167) [Area]21,000,000264,772 JPY/sq.m11.5 yrs11 min75 sq.m
Higashi-Ku 矢賀新町 (14) [Area]20,500,000304,488 JPY/sq.m14.9 yrs10 min65 sq.m
Higashihiroshima-Shi 西条昭和町 (19) [Area]18,000,000247,059 JPY/sq.m13.0 yrs11 min75 sq.m
Minami-Ku 金屋町 (1) [Area]24,000,000320,000 JPY/sq.m14.0 yrs12 min75 sq.m
JR Sanyo Main Line Saijou (155) [Stations]20,000,000275,962 JPY/sq.m11.8 yrs11 min72 sq.m
JR Kabe Line Akinagatsuka (25) [Stations]20,000,000266,667 JPY/sq.m12.5 yrs10 min65 sq.m
JR Kure Line Mihara (109) [Stations]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
JR Sanyo Main Line Mihara (109) [Stations]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
Sanyo Shinkansen Mihara (109) [Stations]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m