Koryo-Cho Apartment average value

Price 156,215 JPY/sq.m
- Age 21.0 years old
- Dist. from Sta. 23.2 min walk
- Property area 79.9 sq.m

The average price of Nara Kitakatsuragi-Gun Koryo-Cho Apartment, in 2020 was 138,125 JPY/sq.m. The market value represents an increase of 18,125 JPY (+15.1%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2019 and 23.5 min in 2020; -21.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 75.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Koryo-Cho were calculated using data on the sales of 46 properties provided by the MLIT Japan.

Koryo-Cho Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
大字沢7,383,333 JPY94,861 JPY/sq.m6 件
馬見中13,033,333 JPY161,115 JPY/sq.m15 件
馬見南13,448,000 JPY168,000 JPY/sq.m25 件

Koryo-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 New501,365 JPY/sq.m100 %
Residual Value (10 Years)318,652 JPY/sq.m64 %
Residual Value (20 Years)185,540 JPY/sq.m37 %
Residual Value (20 Years)102,027 JPY/sq.m20 %
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 Koryo-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 Koryo-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 Kitakatsuragi-Gun Koryo-Cho 馬見中 (Kitakatsuragi-Gun Goidou 25.0 min walk)
21.3 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:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

2. Nara Kitakatsuragi-Gun Koryo-Cho 馬見中 (Kitakatsuragi-Gun Goidou 26.0 min walk)
21.3 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   150,000 JPY/sq.m

3. Nara Kitakatsuragi-Gun Koryo-Cho 馬見南 (Kitakatsuragi-Gun Goidou 26.0 min walk)
21.5 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   176,471 JPY/sq.m

4. Nara Kitakatsuragi-Gun Koryo-Cho 馬見南 (Kitakatsuragi-Gun Goidou 26.0 min walk)
22.0 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   176,471 JPY/sq.m

5. Nara Kitakatsuragi-Gun Koryo-Cho 馬見南 (Kitakatsuragi-Gun Goidou 26.0 min walk)
20.3 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:   14,000,000 JPY,    Unit price:   186,667 JPY/sq.m

6. Nara Kitakatsuragi-Gun Koryo-Cho 馬見南 (Kitakatsuragi-Gun Goidou 23.0 min walk)
21.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

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

7. Nara Kitakatsuragi-Gun Koryo-Cho 馬見南 (Kitakatsuragi-Gun Goidou 26.0 min walk)
19.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

8. Nara Kitakatsuragi-Gun Koryo-Cho 馬見南 (Kitakatsuragi-Gun Goidou 23.0 min walk)
19.5 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2011-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   176,471 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 decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2019 and 23.5 min in 2020; -21.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 75.0% of total transactions in 2020)
The table below shows Apartment dealt in Nara Kitakatsuragi-Gun Koryo-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 Koryo-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
Koryo-Cho 馬見中 (15) [Area]12,000,000160,000 JPY/sq.m21.9 yrs26 min80 sq.m
Koryo-Cho 馬見南 (25) [Area]14,000,000176,471 JPY/sq.m21.5 yrs25 min75 sq.m
Kanmaki-Cho 片岡台 (12) [Area]15,000,000200,000 JPY/sq.m11.4 yrs14 min75 sq.m
Koryo-Cho 大字沢 (6) [Area]7,250,00093,542 JPY/sq.m12.3 yrs9 min77 sq.m