Nishi-Ku Apartment average value

Price 221,422 JPY/sq.m
- Age 27.0 years old
- Dist. from Sta. 7.9 min walk
- Property area 70.8 sq.m

The average price of Hokkaido Sapporo-Shi Nishi-Ku Apartment, in 2020 was 222,718 JPY/sq.m. The market value represents a decrease of 12,984 JPY (-5.5%) compared to 1 year ago and a transition to a bear market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving locations near to the station less than three 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 9.0% of total transactions in 2019 and 16.1% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 52.1% of total transactions in 2019 and 48.2% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.6% of total transactions in 2019 and 25.0% of total transactions in 2020)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 3.1% of total transactions in 2019 and 2.7% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 2,306 properties provided by the MLIT Japan.

Nishi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八軒1条東6,291,667 JPY91,264 JPY/sq.m37 件
八軒1条西23,030,000 JPY291,446 JPY/sq.m59 件
八軒2条東16,875,000 JPY189,812 JPY/sq.m8 件
八軒2条西24,250,000 JPY297,269 JPY/sq.m2 件
八軒3条東14,462,500 JPY202,830 JPY/sq.m8 件
八軒3条西21,000,000 JPY251,574 JPY/sq.m6 件
八軒4条東10,325,000 JPY129,125 JPY/sq.m12 件
八軒4条西12,384,210 JPY164,033 JPY/sq.m19 件
八軒5条東10,325,000 JPY122,517 JPY/sq.m10 件
八軒5条西9,180,000 JPY120,214 JPY/sq.m47 件
八軒6条東3,100,000 JPY82,500 JPY/sq.m4 件
八軒6条西5,045,454 JPY85,162 JPY/sq.m23 件
八軒7条東7,684,615 JPY112,603 JPY/sq.m13 件
八軒7条西12,840,000 JPY158,590 JPY/sq.m20 件
八軒8条東3,790,000 JPY65,869 JPY/sq.m10 件
八軒8条西14,333,333 JPY164,815 JPY/sq.m3 件
八軒9条東10,250,000 JPY126,210 JPY/sq.m6 件
八軒10条東11,738,462 JPY143,706 JPY/sq.m13 件
二十四軒1条15,590,000 JPY228,317 JPY/sq.m80 件
二十四軒2条8,634,783 JPY143,065 JPY/sq.m86 件
二十四軒3条15,162,963 JPY219,290 JPY/sq.m102 件
二十四軒4条11,024,359 JPY160,678 JPY/sq.m78 件
宮の沢1条15,563,415 JPY187,762 JPY/sq.m41 件
宮の沢2条20,000,000 JPY226,373 JPY/sq.m25 件
宮の沢3条8,534,146 JPY112,436 JPY/sq.m41 件
宮の沢4条13,557,692 JPY157,533 JPY/sq.m26 件
山の手1条14,329,578 JPY172,150 JPY/sq.m72 件
山の手2条10,779,167 JPY140,756 JPY/sq.m48 件
山の手3条22,611,940 JPY264,566 JPY/sq.m67 件
山の手4条8,868,421 JPY129,560 JPY/sq.m19 件
山の手5条6,473,684 JPY102,438 JPY/sq.m19 件
山の手6条9,675,000 JPY123,924 JPY/sq.m4 件
山の手7条14,333,333 JPY191,111 JPY/sq.m3 件
琴似1条15,204,706 JPY237,326 JPY/sq.m260 件
琴似2条18,582,143 JPY253,015 JPY/sq.m126 件
琴似3条21,698,113 JPY275,220 JPY/sq.m53 件
琴似4条24,721,212 JPY312,058 JPY/sq.m174 件
発寒1条17,000,000 JPY200,000 JPY/sq.m1 件
発寒3条21,333,333 JPY245,970 JPY/sq.m3 件
発寒4条7,619,048 JPY137,286 JPY/sq.m22 件
発寒5条10,759,615 JPY142,742 JPY/sq.m26 件
発寒6条18,651,351 JPY216,962 JPY/sq.m111 件
発寒7条17,541,818 JPY216,604 JPY/sq.m55 件
発寒8条16,580,488 JPY224,331 JPY/sq.m41 件
発寒9条16,905,172 JPY210,862 JPY/sq.m58 件
発寒10条11,745,714 JPY149,862 JPY/sq.m35 件
発寒11条10,782,979 JPY146,716 JPY/sq.m47 件
発寒12条10,109,091 JPY127,853 JPY/sq.m11 件
発寒13条6,350,000 JPY66,834 JPY/sq.m2 件
発寒14条10,646,154 JPY131,818 JPY/sq.m13 件
発寒15条3,150,000 JPY78,750 JPY/sq.m4 件
西町北20,490,244 JPY247,264 JPY/sq.m41 件
西町南15,790,909 JPY230,336 JPY/sq.m62 件
西野1条14,412,500 JPY179,953 JPY/sq.m99 件
西野2条2,653,846 JPY42,163 JPY/sq.m31 件
西野3条10,194,737 JPY131,853 JPY/sq.m19 件
西野4条14,000,000 JPY155,556 JPY/sq.m1 件

Nishi-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 New486,934 JPY/sq.m100 %
Residual Value (10 Years)357,984 JPY/sq.m74 %
Residual Value (20 Years)259,074 JPY/sq.m53 %
Residual Value (20 Years)190,204 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 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 Nishi-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 Nishi-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 Nishi-Ku 琴似2条 (Sapporo-Shi Kotoni 7.0 min walk)
26.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   8,200,000 JPY,    Unit price:   126,154 JPY/sq.m

2. Hokkaido Sapporo-Shi Nishi-Ku 琴似4条 (Sapporo-Shi Kotoni 7.0 min walk)
28.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   323,077 JPY/sq.m

3. Hokkaido Sapporo-Shi Nishi-Ku 琴似1条 (Sapporo-Shi Kotoni 7.0 min walk)
25.3 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:   21,000,000 JPY,    Unit price:   300,000 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 older buildings over 40 years old, as well as a dramatic increase in transactions involving locations near to the station less than three 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 9.0% of total transactions in 2019 and 16.1% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 52.1% of total transactions in 2019 and 48.2% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.6% of total transactions in 2019 and 25.0% of total transactions in 2020)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 3.1% of total transactions in 2019 and 2.7% of total transactions in 2020)
The table below shows Apartment dealt in Hokkaido Sapporo-Shi Nishi-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 Nishi-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 南16条西 (85) [Area]15,500,000220,428 JPY/sq.m25.1 yrs9 min70 sq.m
Chuo-Ku 宮の森2条 (124) [Area]17,000,000223,529 JPY/sq.m26.8 yrs8 min85 sq.m
Higashi-Ku 北8条東 (93) [Area]8,350,000224,359 JPY/sq.m27.3 yrs8 min65 sq.m
Chuo-Ku 南13条西 (190) [Area]15,500,000218,182 JPY/sq.m27.5 yrs7 min70 sq.m
Kita-Ku 北34条西 (73) [Area]15,500,000226,786 JPY/sq.m25.8 yrs6 min70 sq.m
Sapporo Subway Tozai Line Hibarigaoka (221) [Stations]17,500,000220,834 JPY/sq.m24.3 yrs7 min80 sq.m
Sapporo Municipal Sapporo Subway Toho Line (3,052) [Stations]16,000,000220,000 JPY/sq.m23.8 yrs7 min75 sq.m
Sapporo Subway Namboku Line Asabu (434) [Stations]16,000,000214,286 JPY/sq.m25.3 yrs8 min80 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