Kitami-Shi Apartment average value

Price 115,677 JPY/sq.m
- Age 18.3 years old
- Dist. from Sta. 12.6 min walk
- Property area 83.6 sq.m

The average price of Hokkaido Kitami-Shi Apartment, in 2018 was 190,476 JPY/sq.m. The market value represents an increase of 54,762 JPY (+40.4%) compared to 1 year ago and a transition to a dramatic 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 19.6 years old in 2017 and 13.5 years old in 2018; -31.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.5 min in 2017 and 20.0 min in 2018; +110.5%)
Data regarding the market value and its changes of Apartment in Kitami-Shi were calculated using data on the sales of 28 properties provided by the MLIT Japan.

Kitami-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三住町5,820,000 JPY68,336 JPY/sq.m5 件
北2条西15,800,000 JPY188,500 JPY/sq.m5 件
北3条西13,000,000 JPY149,000 JPY/sq.m5 件
山下町6,042,857 JPY78,192 JPY/sq.m7 件
幸町6,900,000 JPY92,243 JPY/sq.m3 件
本町13,500,000 JPY128,572 JPY/sq.m2 件
桜町9,000,000 JPY128,571 JPY/sq.m1 件

Kitami-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 New312,399 JPY/sq.m100 %
Residual Value (10 Years)162,169 JPY/sq.m52 %
Residual Value (20 Years)88,547 JPY/sq.m28 %
Residual Value (20 Years)91,534 JPY/sq.m29 %
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 Kitami-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 Kitami-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. Hokkaido Kitami-Shi 三住町 (Kitami-Shi Kitami 15.0 min walk)
20.0 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2010-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   82,353 JPY/sq.m

2. Hokkaido Kitami-Shi 山下町 (Kitami-Shi Kitami 15.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   85,714 JPY/sq.m

3. Hokkaido Kitami-Shi 山下町 (Kitami-Shi Kitami 15.0 min walk)
20.8 years old , Area: 95.0 sq.m , Total floor area: sq.m , Layout: 5LDK , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   63,158 JPY/sq.m

4. Hokkaido Kitami-Shi 三住町 (Kitami-Shi Kitami 13.0 min walk)
21.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   5,000,000 JPY,    Unit price:   66,667 JPY/sq.m

5. Hokkaido Kitami-Shi 山下町 (Kitami-Shi Kitami 15.0 min walk)
23.5 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:   5,800,000 JPY,    Unit price:   82,857 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 dramatic decrease in average age of the building (representing 19.6 years old in 2017 and 13.5 years old in 2018; -31.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.5 min in 2017 and 20.0 min in 2018; +110.5%)
The table below shows Apartment dealt in Hokkaido Kitami-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 Kitami-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
Kita-Ku 新川2条 (17) [Area]8,500,000114,286 JPY/sq.m19.8 yrs11 min70 sq.m
Toyohira-Ku 平岸8条 (10) [Area]11,000,000118,370 JPY/sq.m21.0 yrs13 min85 sq.m
Toyohira-Ku 平岸6条 (68) [Area]8,150,000122,253 JPY/sq.m18.6 yrs11 min67 sq.m
Otaru-Shi 花園 (58) [Area]9,450,000122,530 JPY/sq.m21.3 yrs11 min75 sq.m
Ebetsu-Shi 文京台 (28) [Area]8,850,000107,570 JPY/sq.m18.9 yrs13 min77 sq.m
JR JR Hidaka Main Line (137) [Stations]8,600,000114,667 JPY/sq.m25.3 yrs17 min75 sq.m
JR Muroran Main Line Tomakomai (137) [Stations]8,600,000114,667 JPY/sq.m25.3 yrs17 min75 sq.m
JR Hidaka Main Line Tomakomai (137) [Stations]8,600,000114,667 JPY/sq.m25.3 yrs17 min75 sq.m
JR Chitose Line Heiwa (20) [Stations]8,000,000113,407 JPY/sq.m24.0 yrs13 min65 sq.m
JR Hakodate Line Inaho (54) [Stations]9,800,000122,222 JPY/sq.m17.3 yrs9 min80 sq.m