Chuo-Ku Apartment average value

Price 278,182 JPY/sq.m
- Age 24.3 years old
- Dist. from Sta. 9.3 min walk
- Property area 69.3 sq.m

The average price of Hokkaido Sapporo-Shi Chuo-Ku Apartment, in 2020 was 280,971 JPY/sq.m. The market value represents a decrease of 33,009 JPY (-10.5%) 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 near to the station less than three minutes by foot from the station, as well as a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.9% of total transactions in 2019 and 15.6% of total transactions in 2020)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.8% of total transactions in 2019 and 25.4% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 23.2 years old in 2019 and 25.7 years old in 2020; +10.6%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 46.7% of total transactions in 2019 and 51.4% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 13.1% of total transactions in 2019 and 15.9% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chuo-Ku were calculated using data on the sales of 6,251 properties provided by the MLIT Japan.

Chuo-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
伏見11,120,833 JPY130,766 JPY/sq.m24 件
円山西町15,450,000 JPY151,672 JPY/sq.m16 件
北1条東29,884,615 JPY423,009 JPY/sq.m73 件
北1条西22,957,917 JPY322,962 JPY/sq.m249 件
北2条東24,761,905 JPY342,167 JPY/sq.m61 件
北2条西24,318,182 JPY302,264 JPY/sq.m110 件
北3条東37,692,593 JPY524,675 JPY/sq.m100 件
北3条西21,154,237 JPY279,545 JPY/sq.m198 件
北4条東4,922,222 JPY99,195 JPY/sq.m16 件
北4条西22,271,739 JPY286,429 JPY/sq.m229 件
北5条東32,846,154 JPY409,619 JPY/sq.m39 件
北5条西19,964,286 JPY268,558 JPY/sq.m264 件
北6条西16,875,926 JPY252,638 JPY/sq.m155 件
北7条西20,626,923 JPY273,513 JPY/sq.m128 件
北8条西23,181,818 JPY276,700 JPY/sq.m68 件
北9条西18,428,814 JPY221,616 JPY/sq.m59 件
北10条西29,608,696 JPY344,145 JPY/sq.m23 件
北11条西20,482,759 JPY257,171 JPY/sq.m29 件
北12条西23,437,500 JPY276,963 JPY/sq.m16 件
北13条西38,500,000 JPY427,778 JPY/sq.m2 件
北21条西7,263,636 JPY132,066 JPY/sq.m11 件
南1条東22,180,000 JPY273,940 JPY/sq.m65 件
南1条西26,377,778 JPY357,254 JPY/sq.m173 件
南2条東23,131,429 JPY324,396 JPY/sq.m131 件
南2条西20,789,286 JPY295,372 JPY/sq.m230 件
南3条東17,633,429 JPY229,121 JPY/sq.m35 件
南3条西13,863,429 JPY266,394 JPY/sq.m130 件
南4条西18,162,857 JPY243,015 JPY/sq.m128 件
南5条東7,858,333 JPY108,312 JPY/sq.m12 件
南5条西25,950,000 JPY301,223 JPY/sq.m68 件
南6条西15,511,475 JPY226,362 JPY/sq.m238 件
南7条東28,571,429 JPY421,045 JPY/sq.m7 件
南7条西19,860,714 JPY238,012 JPY/sq.m133 件
南8条西8,610,811 JPY155,061 JPY/sq.m149 件
南9条西9,993,125 JPY172,086 JPY/sq.m264 件
南10条西9,601,449 JPY139,135 JPY/sq.m71 件
南11条西14,370,250 JPY203,052 JPY/sq.m191 件
南12条西16,873,684 JPY217,085 JPY/sq.m184 件
南13条西18,900,000 JPY268,304 JPY/sq.m190 件
南14条西17,863,636 JPY234,902 JPY/sq.m208 件
南15条西23,442,105 JPY271,679 JPY/sq.m122 件
南16条西17,403,333 JPY241,022 JPY/sq.m85 件
南17条西22,938,235 JPY287,036 JPY/sq.m120 件
南18条西15,412,987 JPY175,445 JPY/sq.m78 件
南19条西14,719,355 JPY197,100 JPY/sq.m107 件
南20条西13,343,396 JPY170,372 JPY/sq.m53 件
南21条西15,576,271 JPY182,821 JPY/sq.m59 件
南22条西10,184,286 JPY141,085 JPY/sq.m51 件
南23条西11,765,385 JPY174,173 JPY/sq.m104 件
南24条西10,997,059 JPY141,005 JPY/sq.m34 件
南25条西10,287,500 JPY145,449 JPY/sq.m8 件
南26条西7,351,351 JPY103,688 JPY/sq.m40 件
南27条西12,000,000 JPY137,112 JPY/sq.m13 件
南28条西7,812,500 JPY114,763 JPY/sq.m8 件
大通東33,531,250 JPY433,828 JPY/sq.m93 件
大通西23,047,664 JPY339,201 JPY/sq.m345 件
宮の森1条20,896,296 JPY239,080 JPY/sq.m109 件
宮の森2条19,353,846 JPY224,934 JPY/sq.m124 件
宮の森3条21,083,333 JPY241,892 JPY/sq.m143 件
宮の森4条7,160,000 JPY100,653 JPY/sq.m61 件
宮ケ丘28,571,429 JPY325,461 JPY/sq.m7 件
旭ケ丘17,020,000 JPY186,906 JPY/sq.m10 件

Chuo-Ku 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 New552,404 JPY/sq.m100 %
Residual Value (10 Years)406,681 JPY/sq.m74 %
Residual Value (20 Years)294,002 JPY/sq.m53 %
Residual Value (20 Years)214,367 JPY/sq.m39 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Chuo-Ku 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 Chuo-Ku Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{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 Sapporo-Shi Chuo-Ku 南25条西 (Sapporo-Shi Higashitonndenndoori 7.0 min walk)
23.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   266,667 JPY/sq.m

2. Hokkaido Sapporo-Shi Chuo-Ku 南13条西 (Sapporo-Shi Nakajimakouenndoori 7.0 min walk)
23.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-06-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   226,667 JPY/sq.m

3. Hokkaido Sapporo-Shi Chuo-Ku 南13条西 (Sapporo-Shi Horohirabashi 7.0 min walk)
24.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-12-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   293,333 JPY/sq.m

4. Hokkaido Sapporo-Shi Chuo-Ku 南25条西 (Sapporo-Shi Higashitonndenndoori 7.0 min walk)
22.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   213,333 JPY/sq.m

5. Hokkaido Sapporo-Shi Chuo-Ku 南2条西 (Sapporo-Shi Maruyamakouenn 7.0 min walk)
25.5 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:   27,000,000 JPY,    Unit price:   360,000 JPY/sq.m

6. Hokkaido Sapporo-Shi Chuo-Ku 南4条西 (Sapporo-Shi Maruyamakouenn 7.0 min walk)
22.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   320,000 JPY/sq.m

7. Hokkaido Sapporo-Shi Chuo-Ku 南4条西 (Sapporo-Shi Maruyamakouenn 7.0 min walk)
22.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   333,333 JPY/sq.m

8. Hokkaido Sapporo-Shi Chuo-Ku 南13条西 (Sapporo-Shi Nakajimakouenndoori 7.0 min walk)
22.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   214,286 JPY/sq.m

9. Hokkaido Sapporo-Shi Chuo-Ku 南13条西 (Sapporo-Shi Nakajimakouenndoori 7.0 min walk)
22.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-03-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   135,714 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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 near to the station less than three minutes by foot from the station, as well as a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.9% of total transactions in 2019 and 15.6% of total transactions in 2020)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.8% of total transactions in 2019 and 25.4% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 23.2 years old in 2019 and 25.7 years old in 2020; +10.6%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 46.7% of total transactions in 2019 and 51.4% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 13.1% of total transactions in 2019 and 15.9% of total transactions in 2020)
The table below shows Apartment dealt in Hokkaido Sapporo-Shi Chuo-Ku, 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 Chuo-Ku

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
Chuo-Ku 北3条西 (198) [Area]22,000,000288,889 JPY/sq.m22.0 yrs8 min75 sq.m
Nishi-Ku 八軒3条西 (6) [Area]21,000,000259,822 JPY/sq.m27.6 yrs8 min77 sq.m
Shiroishi-Ku 菊水8条 (33) [Area]24,000,000306,667 JPY/sq.m25.5 yrs9 min75 sq.m
Chuo-Ku 北4条西 (229) [Area]22,500,000308,496 JPY/sq.m21.0 yrs10 min80 sq.m
Chuo-Ku 北2条西 (110) [Area]27,000,000316,667 JPY/sq.m19.5 yrs8 min80 sq.m
Sapporo Subway Tozai Line Nishijuuicchoume (765) [Stations]19,000,000250,000 JPY/sq.m24.0 yrs9 min70 sq.m
Sapporo Subway Tozai Line Nishijuuhacchoume (920) [Stations]16,000,000234,848 JPY/sq.m27.3 yrs8 min70 sq.m
Sapporo Subway Toho Line Motomachi (176) [Stations]15,000,000228,571 JPY/sq.m24.3 yrs8 min75 sq.m
Sapporo Subway Toho Line Misono (149) [Stations]17,000,000228,571 JPY/sq.m21.6 yrs8 min70 sq.m