Onomichi-Shi Apartment average value

Price 265,794 JPY/sq.m
- Age 16.3 years old
- Dist. from Sta. 12.7 min walk
- Property area 74.8 sq.m

The average price of Hiroshima Onomichi-Shi Apartment, in 2020 was 274,331 JPY/sq.m. The market value represents a decrease of 36,437 JPY (-11.7%) compared to 1 year ago and a transition to a weak 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 slight decrease in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 20.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 13.5 years old in 2019 and 16.1 years old in 2020; +18.9%)
  • A dramatic increase in average distance from the station (representing 9.6 min in 2019 and 14.8 min in 2020; +54.2%)
Data regarding the market value and its changes of Apartment in Onomichi-Shi were calculated using data on the sales of 78 properties provided by the MLIT Japan.

Onomichi-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
久保11,400,000 JPY168,000 JPY/sq.m5 件
因島大浜町9,600,000 JPY96,000 JPY/sq.m1 件
天満町18,250,000 JPY263,093 JPY/sq.m24 件
新浜25,846,154 JPY328,331 JPY/sq.m13 件
栗原西13,275,000 JPY195,427 JPY/sq.m12 件
西則末町21,750,000 JPY282,353 JPY/sq.m4 件
高須町19,526,316 JPY237,274 JPY/sq.m19 件

Onomichi-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 New323,024 JPY/sq.m100 %
Residual Value (10 Years)306,707 JPY/sq.m95 %
Residual Value (20 Years)253,853 JPY/sq.m79 %
Residual Value (20 Years)164,460 JPY/sq.m51 %
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 Onomichi-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 Onomichi-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 Onomichi-Shi 栗原西 (Onomichi-Shi Onomichi 11.0 min walk)
16.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

2. Hiroshima Onomichi-Shi 栗原西 (Onomichi-Shi Onomichi 11.0 min walk)
16.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

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

3. Hiroshima Onomichi-Shi 栗原西 (Onomichi-Shi Onomichi 11.0 min walk)
17.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   253,333 JPY/sq.m

4. Hiroshima Onomichi-Shi 栗原西 (Onomichi-Shi Onomichi 14.0 min walk)
18.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   100,000 JPY/sq.m

5. Hiroshima Onomichi-Shi 栗原西 (Onomichi-Shi Onomichi 14.0 min walk)
18.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 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 relatively new buildings under 20 years old.

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 20.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 13.5 years old in 2019 and 16.1 years old in 2020; +18.9%)
  • A dramatic increase in average distance from the station (representing 9.6 min in 2019 and 14.8 min in 2020; +54.2%)
The table below shows Apartment dealt in Hiroshima Onomichi-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 Onomichi-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
Mihara-Shi (108) [Area]19,000,000266,667 JPY/sq.m13.1 yrs11 min70 sq.m
Higashi-Ku 矢賀 (34) [Area]17,500,000262,348 JPY/sq.m14.5 yrs15 min65 sq.m
Minami-Ku 稲荷町 (8) [Area]20,500,000276,704 JPY/sq.m17.4 yrs10 min75 sq.m
Higashihiroshima-Shi 西条上市町 (3) [Area]18,000,000276,923 JPY/sq.m17.5 yrs11 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
JR Sanyo Main Line Onomichi (57) [Stations]18,000,000253,333 JPY/sq.m14.3 yrs11 min70 sq.m
JR Kure Line Shinnhiro (18) [Stations]15,000,000230,769 JPY/sq.m13.3 yrs10 min65 sq.m