Ikoma-Gun Apartment average value

Price 162,525 JPY/sq.m
- Age 15.7 years old
- Dist. from Sta. 17.4 min walk
- Property area 71.2 sq.m

The average price of Nara Ikoma-Gun Apartment, in 2020 was 116,346 JPY/sq.m. The market value represents a decrease of 92,257 JPY (-44.2%) 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 18.2 years old in 2019 and 24.6 years old in 2020; +34.9%)
  • A dramatic increase in average distance from the station (representing 10.6 min in 2019 and 20.8 min in 2020; +96.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 100.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Ikoma-Gun were calculated using data on the sales of 54 properties provided by the MLIT Japan.

Ikoma-Gun Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Sango-Cho15,578,947 JPY215,646 JPY/sq.m19 件
Ikaruga-Cho9,258,824 JPY128,377 JPY/sq.m35 件

Ikoma-Gun 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 New403,065 JPY/sq.m100 %
Residual Value (10 Years)197,420 JPY/sq.m49 %
Residual Value (20 Years)111,390 JPY/sq.m28 %
Residual Value (20 Years)144,975 JPY/sq.m36 %
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 Ikoma-Gun 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 Ikoma-Gun 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 法隆寺南 (Ikoma-Gun Houryuuji 13.0 min walk)
16.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   133,333 JPY/sq.m

2. Nara Ikoma-Gun Ikaruga-Cho 法隆寺南 (Ikoma-Gun Houryuuji 13.0 min walk)
11.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   173,333 JPY/sq.m

3. Nara Ikoma-Gun Sango-Cho 勢野東 (Ikoma-Gun Ouji 11.0 min walk)
11.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 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 old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.2 years old in 2019 and 24.6 years old in 2020; +34.9%)
  • A dramatic increase in average distance from the station (representing 10.6 min in 2019 and 20.8 min in 2020; +96.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 100.0% of total transactions in 2020)
The table below shows Apartment dealt in Nara Ikoma-Gun, 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 Ikoma-Gun

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
Kashiba-Shi 真美ケ丘 (17) [Area]13,000,000162,500 JPY/sq.m14.5 yrs23 min85 sq.m
Yamatokoriyama-Shi 箕山町 (14) [Area]12,500,000168,068 JPY/sq.m13.5 yrs11 min75 sq.m
Yamatokoriyama-Shi 南郡山町 (7) [Area]11,000,000169,231 JPY/sq.m13.5 yrs11 min65 sq.m
Nara-Shi 学園中 (57) [Area]11,000,000169,231 JPY/sq.m20.0 yrs11 min70 sq.m
Nara-Shi 四条大路 (49) [Area]8,250,000170,714 JPY/sq.m11.0 yrs14 min50 sq.m
Kintetsu Kashihara Line Ninokuchi (11) [Stations]9,800,000150,769 JPY/sq.m20.0 yrs11 min65 sq.m
Kintetsu Kashihara Line Tawaramoto (8) [Stations]11,500,000176,923 JPY/sq.m12.1 yrs18 min67 sq.m
Kintetsu Tenri Line Nikaidou (34) [Stations]7,750,000126,905 JPY/sq.m21.4 yrs13 min65 sq.m
Kintetsu Tenri Line Sennzai (70) [Stations]8,000,000124,126 JPY/sq.m18.1 yrs11 min65 sq.m
Kintetsu Ikoma Line Minamiikoma (46) [Stations]8,300,000118,571 JPY/sq.m18.8 yrs11 min70 sq.m