Obihiro-Shi Apartment average value

Price 186,601 JPY/sq.m
- Age 20.2 years old
- Dist. from Sta. 11.2 min walk
- Property area 85.9 sq.m

The average price of Hokkaido Obihiro-Shi Apartment, in 2020 was 169,815 JPY/sq.m. The market value represents a decrease of 36,732 JPY (-17.8%) 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2019 and 23.0 years old in 2020; +27.5%)
  • A dramatic increase in average distance from the station (representing 9.4 min in 2019 and 16.6 min in 2020; +77.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 60.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Obihiro-Shi were calculated using data on the sales of 106 properties provided by the MLIT Japan.

Obihiro-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
東1条南6,366,667 JPY88,264 JPY/sq.m3 件
東7条南4,100,000 JPY63,077 JPY/sq.m2 件
西1条南17,193,548 JPY199,742 JPY/sq.m31 件
西2条南14,900,000 JPY170,297 JPY/sq.m5 件
西3条南16,600,000 JPY196,714 JPY/sq.m5 件
西4条南7,727,273 JPY112,861 JPY/sq.m11 件
西6条南22,000,000 JPY230,911 JPY/sq.m33 件
西9条南8,972,727 JPY121,031 JPY/sq.m11 件
西16条南7,140,000 JPY95,059 JPY/sq.m5 件

Obihiro-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 New339,762 JPY/sq.m100 %
Residual Value (10 Years)257,116 JPY/sq.m76 %
Residual Value (20 Years)185,468 JPY/sq.m55 %
Residual Value (20 Years)124,816 JPY/sq.m37 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Obihiro-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 Obihiro-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 Obihiro-Shi 西6条南 (Obihiro-Shi Obihiro 10.0 min walk)
14.3 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2019-06-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   247,059 JPY/sq.m

2. Hokkaido Obihiro-Shi 西6条南 (Obihiro-Shi Obihiro 9.0 min walk)
14.0 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Hokkaido Obihiro-Shi 西6条南 (Obihiro-Shi Obihiro 10.0 min walk)
14.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK
- Trading date: 2019-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2019 and 23.0 years old in 2020; +27.5%)
  • A dramatic increase in average distance from the station (representing 9.4 min in 2019 and 16.6 min in 2020; +77.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 60.0% of total transactions in 2020)
The table below shows Apartment dealt in Hokkaido Obihiro-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 Obihiro-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
Toyohira-Ku 豊平3条 (57) [Area]14,000,000185,714 JPY/sq.m22.0 yrs9 min75 sq.m
Shiroishi-Ku 中央1条 (93) [Area]13,000,000184,615 JPY/sq.m19.0 yrs11 min75 sq.m
Atsubetsu-Ku 青葉町 (70) [Area]16,000,000183,810 JPY/sq.m18.8 yrs10 min80 sq.m
Toyohira-Ku 豊平2条 (36) [Area]14,000,000182,857 JPY/sq.m19.1 yrs9 min70 sq.m
Other (502) [Stations]12,000,000186,190 JPY/sq.m27.8 yrs7 min70 sq.m
Sapporo Subway Tozai Line Hassamuminami (215) [Stations]12,000,000186,058 JPY/sq.m27.8 yrs10 min70 sq.m
JR Sasshō Line Shinnkawa (159) [Stations]14,000,000187,500 JPY/sq.m26.0 yrs11 min70 sq.m
Sapporo Subway Toho Line Fukuzumi (742) [Stations]14,000,000185,641 JPY/sq.m24.0 yrs14 min75 sq.m
Sapporo Subway Toho Line Tsukisamuchuuou (369) [Stations]14,000,000188,194 JPY/sq.m25.5 yrs10 min75 sq.m