Miyakonojo-Shi Apartment average value

Price 144,967 JPY/sq.m
- Age 18.0 years old
- Dist. from Sta. 11.3 min walk
- Property area 73.7 sq.m

The average price of Miyazaki Miyakonojo-Shi Apartment, in 2020 was 155,385 JPY/sq.m. The market value represents an increase of 2,932 JPY (+1.9%) compared to 1 year ago and a transition to a slight market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2019 and 7.0 min in 2020; -41.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.1 years old in 2019 and 28.6 years old in 2020; +42.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Miyakonojo-Shi were calculated using data on the sales of 51 properties provided by the MLIT Japan.

Miyakonojo-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上川東6,544,444 JPY92,163 JPY/sq.m9 件
妻ケ丘町17,500,000 JPY212,249 JPY/sq.m8 件
小松原町8,069,231 JPY114,847 JPY/sq.m13 件
年見町10,200,000 JPY138,316 JPY/sq.m12 件
蔵原町13,000,000 JPY176,631 JPY/sq.m8 件

Miyakonojo-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 New341,487 JPY/sq.m100 %
Residual Value (10 Years)194,451 JPY/sq.m57 %
Residual Value (20 Years)118,634 JPY/sq.m35 %
Residual Value (20 Years)114,037 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 Miyakonojo-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 Miyakonojo-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. Miyazaki Miyakonojo-Shi 年見町 (Miyakonojo-Shi Miyakonojou 14.0 min walk)
18.5 years old , Area: 90.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   66,667 JPY/sq.m

2. Miyazaki Miyakonojo-Shi 上川東 (Miyakonojo-Shi Miyakonojou 15.0 min walk)
18.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-03-01 00:00:00

Trading price:   4,200,000 JPY,    Unit price:   60,000 JPY/sq.m

3. Miyazaki Miyakonojo-Shi 妻ケ丘町 (Miyakonojo-Shi Miyakonojou 10.0 min walk)
15.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

4. Miyazaki Miyakonojo-Shi 年見町 (Miyakonojo-Shi Miyakonojou 15.0 min walk)
21.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2013-03-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   109,091 JPY/sq.m

5. Miyazaki Miyakonojo-Shi 年見町 (Miyakonojo-Shi Miyakonojou 10.0 min walk)
22.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   80,000 JPY/sq.m

6. Miyazaki Miyakonojo-Shi 妻ケ丘町 (Miyakonojo-Shi Miyakonojou 10.0 min walk)
14.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

7. Miyazaki Miyakonojo-Shi 蔵原町 (Miyakonojo-Shi Nishimiyakonojou 10.0 min walk)
14.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2007-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   107,692 JPY/sq.m

8. Miyazaki Miyakonojo-Shi 上川東 (Miyakonojo-Shi Miyakonojou 15.0 min walk)
22.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 4DK , Structure: RC
- Trading date: 2012-09-01 00:00:00

Trading price:   4,500,000 JPY,    Unit price:   64,286 JPY/sq.m

9. Miyazaki Miyakonojo-Shi 蔵原町 (Miyakonojo-Shi Nishimiyakonojou 12.0 min walk)
13.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

10. Miyazaki Miyakonojo-Shi 年見町 (Miyakonojo-Shi Miyakonojou 13.0 min walk)
23.3 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:   10,000,000 JPY,    Unit price:   111,111 JPY/sq.m

11. Miyazaki Miyakonojo-Shi 妻ケ丘町 (Miyakonojo-Shi Miyakonojou 10.0 min walk)
13.3 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   212,500 JPY/sq.m

12. Miyazaki Miyakonojo-Shi 妻ケ丘町 (Miyakonojo-Shi Miyakonojou 10.0 min walk)
13.0 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

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

13. Miyazaki Miyakonojo-Shi 上川東 (Miyakonojo-Shi Miyakonojou 15.0 min walk)
23.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 5LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   6,700,000 JPY,    Unit price:   83,750 JPY/sq.m

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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 locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2019 and 7.0 min in 2020; -41.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.1 years old in 2019 and 28.6 years old in 2020; +42.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
The table below shows Apartment dealt in Miyazaki Miyakonojo-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 Miyakonojo-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
Miyazaki-Shi 大字芳士 (17) [Area]12,000,000144,444 JPY/sq.m20.9 yrs8 min80 sq.m
Miyazaki-Shi 中村西 (9) [Area]9,500,000150,000 JPY/sq.m19.0 yrs13 min55 sq.m
Nobeoka-Shi 日の出町 (8) [Area]9,000,000128,572 JPY/sq.m21.0 yrs13 min70 sq.m
Miyazaki-Shi 大島町 (42) [Area]7,900,000127,143 JPY/sq.m24.5 yrs9 min70 sq.m
JR Nippō Main Line Hasugaike (20) [Stations]12,500,000150,000 JPY/sq.m19.3 yrs9 min80 sq.m
JR JR Nichinan Line (166) [Stations]11,000,000162,500 JPY/sq.m24.3 yrs15 min70 sq.m
JR Nichinan Line Minamimiyazaki (150) [Stations]11,000,000162,500 JPY/sq.m24.3 yrs15 min70 sq.m
JR Nippō Main Line Minamimiyazaki (150) [Stations]11,000,000162,500 JPY/sq.m24.3 yrs15 min70 sq.m
JR JR Kitto Line (43) [Stations]7,700,000111,111 JPY/sq.m19.5 yrs10 min70 sq.m