Oji-Cho Apartment average value
- Age 10.7 years old
- Dist. from Sta. 6.4 min walk
- Property area 66.0 sq.m
The average price of Nara Kitakatsuragi-Gun Oji-Cho Apartment, in 2020 was 274,554 JPY/sq.m. The market value represents a decrease of 39,402 JPY (-12.6%) compared to 1 year ago and a transition to a weak 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.
Causes of price decreases
- A dramatic increase in average age of the building (representing 11.2 years old in 2019 and 14.8 years old in 2020; +32.7%)
- A dramatic increase in average distance from the station (representing 5.8 min in 2019 and 7.2 min in 2020; +26.1%)
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 75.0% of total transactions in 2019 and 25.0% of total transactions in 2020)
Oji-Cho Apartment market value list
|Area||Average Trading Price||Average Unit Price||#|
|久度||15,242,857 JPY||229,618 JPY/sq.m||56 件|
|王寺||26,142,857 JPY||424,578 JPY/sq.m||40 件|
|藤井||7,492,857 JPY||94,753 JPY/sq.m||14 件|