Nishi-Ku Apartment average value

Price 227,971 JPY/sq.m
- Age 24.2 years old
- Dist. from Sta. 14.7 min walk
- Property area 80.8 sq.m

The average price of Hyogo Kobe-Shi Nishi-Ku Apartment, in 2020 was 232,910 JPY/sq.m. The market value represents an increase of 11,942 JPY (+5.4%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 16.1 min in 2019 and 13.9 min in 2020; -13.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.6% of total transactions in 2019 and 21.2% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 82.3% of total transactions in 2019 and 75.3% 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 1,966 properties provided by the MLIT Japan.

Nishi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上新地11,800,000 JPY163,910 JPY/sq.m3 件
井吹台北町26,900,000 JPY330,182 JPY/sq.m169 件
井吹台東町19,794,872 JPY220,091 JPY/sq.m164 件
井吹台西町21,680,851 JPY271,292 JPY/sq.m140 件
伊川谷町7,979,310 JPY122,347 JPY/sq.m267 件
前開南町22,000,000 JPY258,334 JPY/sq.m2 件
北別府9,075,000 JPY133,874 JPY/sq.m8 件
南別府4,602,857 JPY108,082 JPY/sq.m29 件
大津和9,406,250 JPY122,137 JPY/sq.m16 件
学園東町25,200,000 JPY294,465 JPY/sq.m177 件
学園西町16,153,846 JPY205,623 JPY/sq.m27 件
押部谷町5,926,667 JPY93,751 JPY/sq.m15 件
春日台17,724,138 JPY200,000 JPY/sq.m58 件
月が丘8,291,892 JPY95,063 JPY/sq.m37 件
枝吉5,400,000 JPY80,451 JPY/sq.m5 件
樫野台14,933,898 JPY164,830 JPY/sq.m159 件
池上7,362,921 JPY108,776 JPY/sq.m89 件
狩場台15,593,750 JPY182,426 JPY/sq.m48 件
玉津町2,650,000 JPY53,000 JPY/sq.m2 件
王塚台7,766,667 JPY121,497 JPY/sq.m9 件
竹の台27,125,000 JPY338,456 JPY/sq.m130 件
糀台24,746,032 JPY329,452 JPY/sq.m274 件
美賀多台21,072,414 JPY236,886 JPY/sq.m138 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 New530,374 JPY/sq.m100 %
Residual Value (10 Years)371,177 JPY/sq.m70 %
Residual Value (20 Years)255,457 JPY/sq.m48 %
Residual Value (20 Years)183,212 JPY/sq.m35 %
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.

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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. Hyogo Kobe-Shi Nishi-Ku 学園西町 (Kobe-Shi Gakuenntoshi 9.0 min walk)
24.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   175,000 JPY/sq.m

2. Hyogo Kobe-Shi Nishi-Ku 学園西町 (Kobe-Shi Gakuenntoshi 9.0 min walk)
24.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   175,000 JPY/sq.m

3. Hyogo Kobe-Shi Nishi-Ku 学園西町 (Kobe-Shi Gakuenntoshi 9.0 min walk)
27.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   212,500 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 large size more than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 16.1 min in 2019 and 13.9 min in 2020; -13.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.6% of total transactions in 2019 and 21.2% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 82.3% of total transactions in 2019 and 75.3% of total transactions in 2020)
The table below shows Apartment dealt in Hyogo Kobe-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
Nagata-Ku 花山町 (15) [Area]15,000,000230,769 JPY/sq.m20.8 yrs14 min70 sq.m
Suma-Ku 多井畑東町 (7) [Area]14,000,000215,385 JPY/sq.m20.1 yrs15 min65 sq.m
Tarumi-Ku 馬場通 (8) [Area]15,000,000215,384 JPY/sq.m20.4 yrs14 min65 sq.m
Nada-Ku 六甲台町 (41) [Area]15,000,000214,286 JPY/sq.m22.5 yrs15 min70 sq.m
Suma-Ku 東落合 (9) [Area]13,000,000185,714 JPY/sq.m27.3 yrs14 min70 sq.m
Kobe Subway Seishin-Yamanote Line Gakuenntoshi (352) [Stations]18,000,000226,667 JPY/sq.m26.8 yrs15 min80 sq.m
Kobe Subway Seishin-Yamanote Line Sougouunndoukouenn (57) [Stations]13,000,000162,500 JPY/sq.m18.0 yrs12 min75 sq.m
Kobe Subway Seishin-Yamanote Line Myouhouji (602) [Stations]12,000,000157,143 JPY/sq.m27.1 yrs9 min70 sq.m