Nobeoka-Shi Apartment average value

Price 128,287 JPY/sq.m
- Age 18.7 years old
- Dist. from Sta. 12.0 min walk
- Property area 54.2 sq.m

The average price of Miyazaki Nobeoka-Shi Apartment, in 2020 was 71,154 JPY/sq.m. The market value represents a decrease of 53,718 JPY (-43.0%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.3 min in 2019 and 14.0 min in 2020; +35.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2019 and 50.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Nobeoka-Shi were calculated using data on the sales of 72 properties provided by the MLIT Japan.

Nobeoka-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
北町22,000,000 JPY275,000 JPY/sq.m1 件
大貫町10,168,750 JPY147,112 JPY/sq.m16 件
日の出町9,487,500 JPY134,226 JPY/sq.m8 件
東本小路14,000,000 JPY155,556 JPY/sq.m1 件
柳沢町10,000,000 JPY166,667 JPY/sq.m1 件
永池町15,250,000 JPY175,303 JPY/sq.m4 件
船倉町13,666,667 JPY170,833 JPY/sq.m3 件
萩町4,989,730 JPY101,699 JPY/sq.m38 件

Nobeoka-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 New287,497 JPY/sq.m100 %
Residual Value (10 Years)179,005 JPY/sq.m62 %
Residual Value (20 Years)113,004 JPY/sq.m39 %
Residual Value (20 Years)89,494 JPY/sq.m31 %
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 Nobeoka-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 Nobeoka-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 Nobeoka-Shi 萩町 (Nobeoka-Shi Nobeoka 5.0 min walk)
18.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: SRC
- Trading date: 2008-03-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   150,000 JPY/sq.m

2. Miyazaki Nobeoka-Shi 萩町 (Nobeoka-Shi Nobeoka 4.0 min walk)
17.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4DK , Structure: SRC
- Trading date: 2007-09-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   106,667 JPY/sq.m

3. Miyazaki Nobeoka-Shi 萩町 (Nobeoka-Shi Nobeoka 3.0 min walk)
14.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2007-06-01 00:00:00

Trading price:   8,400,000 JPY,    Unit price:   140,000 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.3 min in 2019 and 14.0 min in 2020; +35.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2019 and 50.0% of total transactions in 2020)
The table below shows Apartment dealt in Miyazaki Nobeoka-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 Nobeoka-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
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
Miyakonojo-Shi (51) [Area]9,000,000115,385 JPY/sq.m18.3 yrs12 min70 sq.m
Miyakonojo-Shi 年見町 (12) [Area]6,950,000110,101 JPY/sq.m21.0 yrs14 min75 sq.m
Miyazaki-Shi 中村西 (9) [Area]9,500,000150,000 JPY/sq.m19.0 yrs13 min55 sq.m
JR JR Kitto Line (43) [Stations]7,700,000111,111 JPY/sq.m19.5 yrs10 min70 sq.m
JR Kitto Line Miyakonojou (43) [Stations]7,700,000111,111 JPY/sq.m19.5 yrs10 min70 sq.m
JR Nippō Main Line Miyakonojou (43) [Stations]7,700,000111,111 JPY/sq.m19.5 yrs10 min70 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