Ikaruga-Cho Apartment average value

Price 128,377 JPY/sq.m
- Age 16.4 years old
- Dist. from Sta. 21.2 min walk
- Property area 70.4 sq.m

The average price of Nara Ikoma-Gun Ikaruga-Cho Apartment, in 2020 was 98,718 JPY/sq.m. The market value represents a decrease of 145,824 JPY (-59.6%) 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 relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.5 years old in 2019 and 22.8 years old in 2020; +56.9%)
  • A dramatic increase in average distance from the station (representing 10.8 min in 2019 and 23.0 min in 2020; +114.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Ikaruga-Cho were calculated using data on the sales of 35 properties provided by the MLIT Japan.

Ikaruga-Cho Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
法隆寺南12,666,667 JPY168,889 JPY/sq.m3 件
興留21,500,000 JPY291,209 JPY/sq.m4 件
阿波18,000,000 JPY225,000 JPY/sq.m2 件
龍田西6,800,000 JPY98,369 JPY/sq.m26 件

Ikaruga-Cho 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 New360,104 JPY/sq.m100 %
Residual Value (10 Years)170,046 JPY/sq.m47 %
Residual Value (20 Years)96,782 JPY/sq.m27 %
Residual Value (20 Years)140,311 JPY/sq.m39 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Ikaruga-Cho 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 Ikaruga-Cho 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. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 25.0 min walk)
18.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

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

2. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 28.0 min walk)
17.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   7,600,000 JPY,    Unit price:   108,571 JPY/sq.m

3. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 28.0 min walk)
17.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   5,900,000 JPY,    Unit price:   90,769 JPY/sq.m

4. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 28.0 min walk)
15.3 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:   5,800,000 JPY,    Unit price:   89,231 JPY/sq.m

5. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 25.0 min walk)
19.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   5,300,000 JPY,    Unit price:   81,538 JPY/sq.m

6. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 25.0 min walk)
19.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2014-06-01 00:00:00

Trading price:   5,600,000 JPY,    Unit price:   93,333 JPY/sq.m

7. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 29.0 min walk)
16.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   6,700,000 JPY,    Unit price:   95,714 JPY/sq.m

8. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 29.0 min walk)
15.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-06-01 00:00:00

Trading price:   6,400,000 JPY,    Unit price:   98,462 JPY/sq.m

9. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 29.0 min walk)
15.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-03-01 00:00:00

Trading price:   5,000,000 JPY,    Unit price:   83,333 JPY/sq.m

10. Nara Ikoma-Gun Ikaruga-Cho 龍田西 (Ikoma-Gun Ouji 20.0 min walk)
19.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01 00:00:00

Trading price:   5,800,000 JPY,    Unit price:   89,231 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 old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.5 years old in 2019 and 22.8 years old in 2020; +56.9%)
  • A dramatic increase in average distance from the station (representing 10.8 min in 2019 and 23.0 min in 2020; +114.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
The table below shows Apartment dealt in Nara Ikoma-Gun Ikaruga-Cho, 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 Ikaruga-Cho

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
Ikoma-Gun (54) [Area]10,500,000131,372 JPY/sq.m15.3 yrs14 min70 sq.m
Ikaruga-Cho 龍田西 (26) [Area]6,650,00097,628 JPY/sq.m18.6 yrs25 min65 sq.m
Ikaruga-Cho 法隆寺南 (3) [Area]13,000,000173,333 JPY/sq.m11.3 yrs13 min75 sq.m