Chuo-Ku Apartment average value

Price 519,425 JPY/sq.m
- Age 18.6 years old
- Dist. from Sta. 5.5 min walk
- Property area 48.5 sq.m

The average price of Hyogo Kobe-Shi Chuo-Ku Apartment, in 2020 was 568,843 JPY/sq.m. The market value represents an increase of 69,136 JPY (+13.8%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as an decrease in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.7% of total transactions in 2019 and 7.0% of total transactions in 2020)
  • An increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 18.4% of total transactions in 2019 and 21.2% of total transactions in 2020)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 43.3% of total transactions in 2019 and 42.8% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 2.5% of total transactions in 2019 and 2.7% 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 4,587 properties provided by the MLIT Japan.

Chuo-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
二宮町17,535,714 JPY400,150 JPY/sq.m107 件
八幡通32,784,000 JPY681,787 JPY/sq.m78 件
八雲通17,974,603 JPY756,764 JPY/sq.m63 件
上筒井通26,189,189 JPY398,823 JPY/sq.m37 件
下山手通24,951,724 JPY622,703 JPY/sq.m258 件
中尾町24,700,000 JPY292,394 JPY/sq.m20 件
中山手通34,931,034 JPY573,226 JPY/sq.m267 件
中島通19,785,714 JPY272,256 JPY/sq.m14 件
中町通16,955,000 JPY577,352 JPY/sq.m61 件
伊藤町42,992,500 JPY568,254 JPY/sq.m40 件
元町通17,371,910 JPY491,871 JPY/sq.m304 件
再度筋町27,857,143 JPY287,470 JPY/sq.m7 件
割塚通9,019,048 JPY499,682 JPY/sq.m21 件
加納町27,918,367 JPY635,748 JPY/sq.m172 件
北本町通14,416,000 JPY589,547 JPY/sq.m25 件
北野町22,695,000 JPY395,139 JPY/sq.m41 件
北長狭通17,561,702 JPY502,855 JPY/sq.m103 件
南本町通11,568,421 JPY548,421 JPY/sq.m38 件
古湊通14,808,571 JPY575,413 JPY/sq.m108 件
吾妻通22,419,355 JPY621,834 JPY/sq.m31 件
国香通16,229,032 JPY346,635 JPY/sq.m31 件
坂口通10,230,000 JPY212,556 JPY/sq.m10 件
多聞通18,800,000 JPY364,286 JPY/sq.m5 件
宮本通41,000,000 JPY628,572 JPY/sq.m2 件
小野柄通18,627,273 JPY386,800 JPY/sq.m22 件
山本通37,282,759 JPY479,947 JPY/sq.m94 件
布引町18,425,641 JPY649,625 JPY/sq.m116 件
御幸通12,847,222 JPY545,173 JPY/sq.m92 件
旗塚通26,900,000 JPY374,957 JPY/sq.m14 件
日暮通14,800,000 JPY590,670 JPY/sq.m72 件
旭通42,355,172 JPY762,472 JPY/sq.m58 件
東川崎町44,870,968 JPY751,580 JPY/sq.m83 件
東町44,000,000 JPY440,000 JPY/sq.m1 件
東雲通8,671,429 JPY417,321 JPY/sq.m32 件
栄町通34,833,333 JPY587,500 JPY/sq.m130 件
楠町17,881,250 JPY464,508 JPY/sq.m32 件
橘通11,500,000 JPY391,644 JPY/sq.m38 件
江戸町34,000,000 JPY488,624 JPY/sq.m14 件
浜辺通24,227,660 JPY558,650 JPY/sq.m101 件
海岸通32,462,963 JPY632,614 JPY/sq.m146 件
港島14,917,763 JPY193,893 JPY/sq.m449 件
港島中町14,500,000 JPY189,943 JPY/sq.m434 件
熊内橋通26,775,000 JPY393,071 JPY/sq.m12 件
熊内町29,554,546 JPY477,760 JPY/sq.m121 件
琴ノ緒町14,165,625 JPY620,052 JPY/sq.m100 件
生田町14,600,000 JPY555,994 JPY/sq.m209 件
相生町25,076,190 JPY575,551 JPY/sq.m52 件
磯上通25,085,366 JPY480,340 JPY/sq.m99 件
磯辺通21,452,632 JPY586,347 JPY/sq.m99 件
神仙寺通15,800,000 JPY233,351 JPY/sq.m16 件
神若通12,246,154 JPY296,653 JPY/sq.m13 件
筒井町14,103,175 JPY378,108 JPY/sq.m63 件
籠池通25,315,790 JPY327,174 JPY/sq.m19 件
脇浜海岸通29,090,909 JPY373,585 JPY/sq.m77 件
脇浜町20,571,429 JPY706,990 JPY/sq.m96 件
花隈町18,011,429 JPY440,738 JPY/sq.m105 件
若菜通20,500,000 JPY325,604 JPY/sq.m8 件
葺合町14,208,696 JPY173,275 JPY/sq.m23 件
諏訪山町22,000,000 JPY338,462 JPY/sq.m1 件
野崎通30,500,000 JPY398,495 JPY/sq.m10 件
雲井通16,809,024 JPY574,718 JPY/sq.m127 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 New798,099 JPY/sq.m100 %
Residual Value (10 Years)647,201 JPY/sq.m81 %
Residual Value (20 Years)504,420 JPY/sq.m63 %
Residual Value (20 Years)369,756 JPY/sq.m46 %
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
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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. Hyogo Kobe-Shi Chuo-Ku 栄町通 (Kobe-Shi Hanakuma 5.0 min walk)
15.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   30,000,000 JPY,    Unit price:   545,455 JPY/sq.m

2. Hyogo Kobe-Shi Chuo-Ku 海岸通 (Kobe-Shi Hanakuma 5.0 min walk)
15.5 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   520,000 JPY/sq.m

3. Hyogo Kobe-Shi Chuo-Ku 琴ノ緒町 (Kobe-Shi Sannnomiya 5.0 min walk)
17.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2016-12-01 00:00:00

Trading price:   29,000,000 JPY,    Unit price:   527,273 JPY/sq.m

4. Hyogo Kobe-Shi Chuo-Ku 中山手通 (Kobe-Shi Kennchoumae 5.0 min walk)
15.3 years old , Area: 50.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: SRC
- Trading date: 2014-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   380,000 JPY/sq.m

5. Hyogo Kobe-Shi Chuo-Ku 栄町通 (Kobe-Shi Hanakuma 5.0 min walk)
15.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2019-03-01 00:00:00

Trading price:   29,000,000 JPY,    Unit price:   527,273 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 nearly new buildings under 3 years old, as well as an decrease in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.7% of total transactions in 2019 and 7.0% of total transactions in 2020)
  • An increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 18.4% of total transactions in 2019 and 21.2% of total transactions in 2020)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 43.3% of total transactions in 2019 and 42.8% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 2.5% of total transactions in 2019 and 2.7% of total transactions in 2020)
The table below shows Apartment dealt in Hyogo Kobe-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
Nada-Ku 八幡町 (19) [Area]27,000,000500,000 JPY/sq.m21.0 yrs5 min50 sq.m
Higashinada-Ku 住吉宮町 (122) [Area]30,000,000540,000 JPY/sq.m18.6 yrs4 min60 sq.m
Chuo-Ku 中山手通 (267) [Area]32,000,000575,000 JPY/sq.m13.8 yrs7 min65 sq.m
Higashinada-Ku 深江北町 (96) [Area]27,000,000461,538 JPY/sq.m17.8 yrs6 min65 sq.m
Kobe Subway Seishin-Yamanote Line Shin-Kobe (576) [Stations]18,000,000514,286 JPY/sq.m17.3 yrs3 min50 sq.m
Kobe Subway Seishin-Yamanote Line Ookurayama (96) [Stations]14,000,000525,000 JPY/sq.m14.9 yrs5 min25 sq.m
Kobe Subway Seishin-Yamanote Line Kennchoumae (290) [Stations]26,000,000500,000 JPY/sq.m17.8 yrs5 min55 sq.m
Kobe Subway Kaigan Line Chuuouichibamae (77) [Stations]16,000,000357,143 JPY/sq.m18.3 yrs6 min45 sq.m
Kobe Subway Seishin-Yamanote Line Kamisawa (90) [Stations]17,000,000357,143 JPY/sq.m25.8 yrs3 min55 sq.m