Kuwana-Shi Apartment average value

Price 242,426 JPY/sq.m
- Age 20.5 years old
- Dist. from Sta. 10.1 min walk
- Property area 75.1 sq.m

The average price of Mie Kuwana-Shi Apartment, in 2020 was 206,702 JPY/sq.m. The market value represents a decrease of 34,899 JPY (-14.4%) 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 relatively new buildings under 20 years old.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 64.0% of total transactions in 2019 and 60.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.0% of total transactions in 2019 and 20.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Kuwana-Shi were calculated using data on the sales of 337 properties provided by the MLIT Japan.

Kuwana-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三ツ矢橋12,000,000 JPY160,000 JPY/sq.m1 件
参宮通14,644,444 JPY208,034 JPY/sq.m9 件
中央町9,268,889 JPY143,484 JPY/sq.m36 件
吉之丸9,850,000 JPY121,917 JPY/sq.m2 件
大央町25,333,333 JPY266,667 JPY/sq.m3 件
大字本願寺17,500,000 JPY226,250 JPY/sq.m2 件
大字東方20,285,714 JPY243,654 JPY/sq.m21 件
大字桑名31,000,000 JPY388,972 JPY/sq.m9 件
大字江場14,712,500 JPY205,242 JPY/sq.m8 件
大字矢田19,066,667 JPY255,291 JPY/sq.m9 件
大字福島15,150,000 JPY205,025 JPY/sq.m85 件
太一丸12,266,667 JPY173,188 JPY/sq.m15 件
寿町14,666,667 JPY199,894 JPY/sq.m9 件
新西方19,076,923 JPY233,351 JPY/sq.m13 件
明正町22,648,980 JPY282,334 JPY/sq.m49 件
有楽町26,000,000 JPY371,428 JPY/sq.m2 件
末広町21,292,308 JPY292,833 JPY/sq.m13 件
桑栄町31,600,000 JPY383,167 JPY/sq.m5 件
桜通20,000,000 JPY267,479 JPY/sq.m4 件
蓮見町22,545,454 JPY225,072 JPY/sq.m11 件
長島町又木13,928,571 JPY145,827 JPY/sq.m14 件
長島町押付9,406,250 JPY112,555 JPY/sq.m8 件
馬道17,600,000 JPY231,260 JPY/sq.m5 件
駅元町18,350,000 JPY236,818 JPY/sq.m4 件

Kuwana-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 New536,675 JPY/sq.m100 %
Residual Value (10 Years)347,332 JPY/sq.m65 %
Residual Value (20 Years)226,786 JPY/sq.m42 %
Residual Value (20 Years)175,036 JPY/sq.m33 %
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 Kuwana-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 Kuwana-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. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 10.0 min walk)
22.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2014-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   125,000 JPY/sq.m

2. Mie Kuwana-Shi 大字東方 (Kuwana-Shi Kuwana 10.0 min walk)
22.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   171,429 JPY/sq.m

3. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 10.0 min walk)
22.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   120,000 JPY/sq.m

4. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 10.0 min walk)
23.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2016-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   160,000 JPY/sq.m

5. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 11.0 min walk)
23.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-03-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   130,667 JPY/sq.m

6. Mie Kuwana-Shi 大字東方 (Kuwana-Shi Kuwana 9.0 min walk)
23.3 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:   12,000,000 JPY,    Unit price:   171,429 JPY/sq.m

7. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 11.0 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:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

8. Mie Kuwana-Shi 長島町押付 (Kuwana-Shi Kinntetsunagashima 9.0 min walk)
22.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   250,000 JPY,    Unit price:   3,571 JPY/sq.m

9. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 9.0 min walk)
21.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   118,750 JPY/sq.m

10. Mie Kuwana-Shi 長島町押付 (Kuwana-Shi Kinntetsunagashima 9.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   7,200,000 JPY,    Unit price:   102,857 JPY/sq.m

11. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 10.0 min walk)
21.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   130,667 JPY/sq.m

12. Mie Kuwana-Shi 大字東方 (Kuwana-Shi Kuwana 9.0 min walk)
24.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-06-01 00:00:00

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

13. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 11.0 min walk)
24.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

14. Mie Kuwana-Shi 大字福島 (Kuwana-Shi Kuwana 11.0 min walk)
24.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   186,667 JPY/sq.m

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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 new buildings under 20 years old.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 64.0% of total transactions in 2019 and 60.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.0% of total transactions in 2019 and 20.0% of total transactions in 2020)
The table below shows Apartment dealt in Mie Kuwana-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 Kuwana-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
Yokkaichi-Shi 南浜田町 (2) [Area]20,500,000245,556 JPY/sq.m23.5 yrs9 min82 sq.m
Yokkaichi-Shi 元町 (6) [Area]23,000,000255,556 JPY/sq.m23.5 yrs10 min90 sq.m
Kuwana-Shi 桜通 (4) [Area]21,000,000263,530 JPY/sq.m22.6 yrs12 min72 sq.m
Tsu-Shi (314) [Area]19,000,000266,667 JPY/sq.m17.5 yrs9 min70 sq.m
Ise-Shi 一之木 (4) [Area]21,000,000268,488 JPY/sq.m17.0 yrs11 min75 sq.m
Other (446) [Stations]18,000,000242,857 JPY/sq.m21.8 yrs11 min75 sq.m
JR (611) [Stations]17,000,000233,333 JPY/sq.m18.0 yrs11 min75 sq.m
Kintetsu Kintetsu Yunoyama Line (317) [Stations]18,000,000257,143 JPY/sq.m19.4 yrs9 min70 sq.m
Kintetsu Nagoya Line Kinntetsuyokkaichi (261) [Stations]19,000,000271,008 JPY/sq.m19.0 yrs9 min70 sq.m
Kintetsu Yunoyama Line Kinntetsuyokkaichi (261) [Stations]19,000,000271,008 JPY/sq.m19.0 yrs9 min70 sq.m