Tsu-Shi Apartment average value

Price 239,851 JPY/sq.m
- Age 18.3 years old
- Dist. from Sta. 9.8 min walk
- Property area 71.8 sq.m

The average price of Mie Tsu-Shi Apartment, in 2020 was 240,210 JPY/sq.m. The market value represents a decrease of 18,603 JPY (-7.2%) 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 relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 40.7% of total transactions in 2019 and 27.3% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 9.6 min in 2019 and 10.8 min in 2020; +12.1%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 22.2% of total transactions in 2019 and 8.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Tsu-Shi were calculated using data on the sales of 314 properties provided by the MLIT Japan.

Tsu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
一身田上津部田20,557,143 JPY281,348 JPY/sq.m70 件
八町5,576,923 JPY119,918 JPY/sq.m26 件
上浜町23,958,333 JPY284,933 JPY/sq.m24 件
久居持川町7,400,000 JPY116,978 JPY/sq.m4 件
久居新町16,457,143 JPY239,266 JPY/sq.m28 件
久居野村町12,000,000 JPY143,872 JPY/sq.m3 件
半田17,200,000 JPY212,444 JPY/sq.m5 件
南が丘21,031,250 JPY257,643 JPY/sq.m32 件
南丸之内29,500,000 JPY362,678 JPY/sq.m8 件
大谷町23,500,000 JPY330,416 JPY/sq.m4 件
大里睦合町4,733,333 JPY86,061 JPY/sq.m3 件
岩田13,000,000 JPY173,333 JPY/sq.m1 件
島崎町20,363,636 JPY298,911 JPY/sq.m11 件
広明町28,333,333 JPY385,714 JPY/sq.m3 件
新町26,333,333 JPY336,966 JPY/sq.m9 件
東丸之内9,660,000 JPY133,049 JPY/sq.m15 件
東古河町7,700,000 JPY116,270 JPY/sq.m6 件
栄町27,000,000 JPY317,647 JPY/sq.m1 件
桜橋19,711,111 JPY249,171 JPY/sq.m27 件
藤方9,286,667 JPY149,600 JPY/sq.m15 件
西丸之内25,642,857 JPY307,757 JPY/sq.m14 件
高茶屋5,180,000 JPY72,848 JPY/sq.m5 件
高茶屋小森町4,133,333 JPY61,414 JPY/sq.m3 件

Tsu-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 New341,600 JPY/sq.m100 %
Residual Value (10 Years)304,489 JPY/sq.m89 %
Residual Value (20 Years)242,282 JPY/sq.m71 %
Residual Value (20 Years)154,978 JPY/sq.m45 %
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 Tsu-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 Tsu-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 Tsu-Shi 上浜町 (Tsu-Shi Tsu 7.0 min walk)
15.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   312,500 JPY/sq.m

2. Mie Tsu-Shi 桜橋 (Tsu-Shi Tsu 9.0 min walk)
20.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   6,300,000 JPY,    Unit price:   96,923 JPY/sq.m

3. Mie Tsu-Shi 上浜町 (Tsu-Shi Tsu 8.0 min walk)
14.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-03-01 00:00:00

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

4. Mie Tsu-Shi 上浜町 (Tsu-Shi Tsu 8.0 min walk)
13.8 years old , Area: 90.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-12-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   277,778 JPY/sq.m

5. Mie Tsu-Shi 上浜町 (Tsu-Shi Tsu 8.0 min walk)
13.5 years old , Area: 90.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2009-09-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   244,444 JPY/sq.m

6. Mie Tsu-Shi 桜橋 (Tsu-Shi Tsu 10.0 min walk)
12.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

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

7. Mie Tsu-Shi 半田 (Tsu-Shi Minamigaoka 8.0 min walk)
12.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   225,000 JPY/sq.m

8. Mie Tsu-Shi 久居野村町 (Tsu-Shi Hisai 10.0 min walk)
22.3 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   137,500 JPY/sq.m

9. Mie Tsu-Shi 上浜町 (Tsu-Shi Tsu 7.0 min walk)
12.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-12-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   306,667 JPY/sq.m

10. Mie Tsu-Shi 桜橋 (Tsu-Shi Tsu 10.0 min walk)
12.5 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   282,353 JPY/sq.m

11. Mie Tsu-Shi 半田 (Tsu-Shi Minamigaoka 8.0 min walk)
12.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   162,500 JPY/sq.m

12. Mie Tsu-Shi 桜橋 (Tsu-Shi Tsu 11.0 min walk)
12.5 years old , Area: 90.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   266,667 JPY/sq.m

13. Mie Tsu-Shi 桜橋 (Tsu-Shi Tsu 10.0 min walk)
12.3 years old , Area: 90.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   177,778 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 new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 40.7% of total transactions in 2019 and 27.3% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 9.6 min in 2019 and 10.8 min in 2020; +12.1%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 22.2% of total transactions in 2019 and 8.3% of total transactions in 2020)
The table below shows Apartment dealt in Mie Tsu-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 Tsu-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 鵜の森 (36) [Area]16,000,000220,952 JPY/sq.m16.3 yrs8 min70 sq.m
Suzuka-Shi 阿古曽町 (16) [Area]18,000,000211,765 JPY/sq.m21.4 yrs10 min85 sq.m
Ise-Shi 一之木 (4) [Area]21,000,000268,488 JPY/sq.m17.0 yrs11 min75 sq.m
Mie (1,810) [Area]15,000,000210,526 JPY/sq.m20.0 yrs9 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 Kintetsu Nagoya Line (1,312) [Stations]16,000,000213,333 JPY/sq.m20.5 yrs9 min70 sq.m
Kintetsu (1,641) [Stations]16,000,000212,500 JPY/sq.m19.4 yrs9 min75 sq.m