Nara-Shi Apartment average value

Price 225,491 JPY/sq.m
- Age 22.3 years old
- Dist. from Sta. 10.8 min walk
- Property area 68.8 sq.m

The average price of Nara Nara-Shi Apartment, in 2020 was 214,413 JPY/sq.m. The market value represents a decrease of 17,841 JPY (-7.7%) compared to 1 year ago and a transition to a bear market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • An increase in average age of the building (representing 22.2 years old in 2019 and 24.8 years old in 2020; +11.4%)
  • A dramatic increase in average distance from the station (representing 9.9 min in 2019 and 12.4 min in 2020; +24.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.5% of total transactions in 2019 and 57.4% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.1% of total transactions in 2019 and 9.8% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Nara-Shi were calculated using data on the sales of 2,362 properties provided by the MLIT Japan.

Nara-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
二名9,953,333 JPY139,901 JPY/sq.m30 件
二名東町5,400,000 JPY96,721 JPY/sq.m14 件
三条大宮町11,421,739 JPY177,169 JPY/sq.m23 件
三条大路6,708,333 JPY107,138 JPY/sq.m12 件
三条宮前町20,000,000 JPY266,667 JPY/sq.m1 件
三条川西町6,591,667 JPY87,097 JPY/sq.m12 件
三条本町12,727,660 JPY233,152 JPY/sq.m85 件
三条栄町5,028,000 JPY74,479 JPY/sq.m25 件
三条添川町20,000,000 JPY270,238 JPY/sq.m3 件
三条町11,040,000 JPY149,275 JPY/sq.m30 件
三松9,884,783 JPY137,145 JPY/sq.m46 件
三碓14,696,154 JPY207,419 JPY/sq.m52 件
三碓町6,100,000 JPY88,048 JPY/sq.m10 件
四条大路8,995,454 JPY174,547 JPY/sq.m49 件
七条東町4,625,000 JPY73,438 JPY/sq.m4 件
七条町7,320,000 JPY120,829 JPY/sq.m10 件
百楽園10,972,500 JPY157,967 JPY/sq.m41 件
あやめ池北39,576,923 JPY506,878 JPY/sq.m26 件
あやめ池南16,084,615 JPY209,732 JPY/sq.m130 件
中登美ケ丘20,481,273 JPY265,603 JPY/sq.m177 件
中辻町13,714,286 JPY192,857 JPY/sq.m7 件
京終地方東側町12,571,429 JPY186,859 JPY/sq.m7 件
今小路町34,375,000 JPY490,132 JPY/sq.m8 件
佐保台西町18,409,091 JPY230,438 JPY/sq.m22 件
北之庄町2,810,714 JPY47,148 JPY/sq.m14 件
北室町25,000,000 JPY368,452 JPY/sq.m4 件
北川端町17,800,000 JPY250,154 JPY/sq.m5 件
北市町19,333,333 JPY276,468 JPY/sq.m12 件
南京終町10,786,842 JPY157,656 JPY/sq.m38 件
南登美ケ丘17,400,000 JPY206,912 JPY/sq.m5 件
南紀寺町9,293,333 JPY133,990 JPY/sq.m15 件
右京36,800,000 JPY510,476 JPY/sq.m5 件
大宮町18,147,385 JPY263,952 JPY/sq.m229 件
大森町13,546,154 JPY198,076 JPY/sq.m26 件
大渕町6,566,667 JPY98,388 JPY/sq.m3 件
大豆山突抜町20,571,429 JPY320,382 JPY/sq.m7 件
学園中11,787,719 JPY162,097 JPY/sq.m57 件
学園北28,121,951 JPY405,795 JPY/sq.m41 件
学園南37,812,500 JPY446,270 JPY/sq.m16 件
学園大和町14,210,714 JPY192,825 JPY/sq.m183 件
学園新田町23,777,778 JPY311,131 JPY/sq.m9 件
学園朝日元町6,062,500 JPY80,290 JPY/sq.m8 件
学園朝日町19,566,667 JPY278,376 JPY/sq.m6 件
学園赤松町5,612,500 JPY100,905 JPY/sq.m8 件
宝来10,338,462 JPY144,412 JPY/sq.m13 件
富雄元町15,698,276 JPY218,602 JPY/sq.m58 件
富雄北11,384,375 JPY158,872 JPY/sq.m85 件
小西町38,500,000 JPY551,686 JPY/sq.m4 件
尼辻北町12,500,000 JPY192,308 JPY/sq.m2 件
山陵町24,875,000 JPY321,633 JPY/sq.m16 件
左京13,782,051 JPY176,204 JPY/sq.m39 件
帝塚山9,693,548 JPY139,296 JPY/sq.m31 件
恋の窪4,730,769 JPY76,641 JPY/sq.m39 件
朱雀13,666,667 JPY202,960 JPY/sq.m6 件
杉ケ町13,524,000 JPY192,828 JPY/sq.m25 件
東九条町10,025,000 JPY148,628 JPY/sq.m8 件
東城戸町34,200,000 JPY468,762 JPY/sq.m5 件
椿井町32,000,000 JPY400,000 JPY/sq.m1 件
油阪地方町35,000,000 JPY500,000 JPY/sq.m2 件
法華寺町11,947,368 JPY169,121 JPY/sq.m19 件
法蓮町11,286,956 JPY165,691 JPY/sq.m23 件
漢国町25,500,000 JPY354,808 JPY/sq.m2 件
瓦堂町9,183,333 JPY131,691 JPY/sq.m6 件
疋田町9,500,000 JPY146,154 JPY/sq.m3 件
白毫寺町7,900,000 JPY119,183 JPY/sq.m10 件
神功16,780,488 JPY208,432 JPY/sq.m41 件
神殿町11,242,857 JPY168,148 JPY/sq.m7 件
秋篠早月町13,686,364 JPY192,564 JPY/sq.m22 件
紀寺町7,625,000 JPY111,538 JPY/sq.m4 件
般若寺町10,166,667 JPY126,666 JPY/sq.m3 件
芝辻町15,460,526 JPY227,314 JPY/sq.m38 件
菅原町26,428,571 JPY319,093 JPY/sq.m7 件
藤ノ木台7,691,111 JPY106,908 JPY/sq.m46 件
西包永町10,987,500 JPY166,362 JPY/sq.m8 件
西大寺北町10,817,647 JPY178,829 JPY/sq.m18 件
西大寺南町40,000,000 JPY470,588 JPY/sq.m1 件
西大寺国見町22,868,421 JPY312,029 JPY/sq.m38 件
西大寺宝ケ丘17,812,500 JPY233,557 JPY/sq.m8 件
西大寺新町14,458,064 JPY192,340 JPY/sq.m31 件
西大寺本町25,848,485 JPY359,451 JPY/sq.m33 件
西大寺東町30,833,333 JPY394,470 JPY/sq.m12 件
西大寺栄町10,366,667 JPY182,424 JPY/sq.m6 件
西木辻町8,297,872 JPY135,652 JPY/sq.m47 件
西笹鉾町15,750,000 JPY231,868 JPY/sq.m4 件
角振新屋町35,571,429 JPY537,206 JPY/sq.m7 件
青野町27,875,000 JPY398,024 JPY/sq.m8 件
高畑町30,400,000 JPY428,819 JPY/sq.m5 件
鳥見町24,500,000 JPY328,572 JPY/sq.m2 件
鶴舞西町20,912,903 JPY278,500 JPY/sq.m76 件

Nara-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 New488,290 JPY/sq.m100 %
Residual Value (10 Years)329,384 JPY/sq.m67 %
Residual Value (20 Years)218,475 JPY/sq.m45 %
Residual Value (20 Years)155,562 JPY/sq.m32 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Nara-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 Nara-Shi Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{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 Nara-Shi 法蓮町 (Nara-Shi Shinnoomiya 9.0 min walk)
23.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2008-03-01 00:00:00

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

2. Nara Nara-Shi 富雄北 (Nara-Shi Tomio 9.0 min walk)
22.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   186,667 JPY/sq.m

3. Nara Nara-Shi 法蓮町 (Nara-Shi Shinnoomiya 9.0 min walk)
21.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   8,600,000 JPY,    Unit price:   132,308 JPY/sq.m

4. Nara Nara-Shi 北市町 (Nara-Shi Kinntetsunara 9.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   360,000 JPY/sq.m

5. Nara Nara-Shi 朱雀 (Nara-Shi Takanohara 9.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

6. Nara Nara-Shi 三条栄町 (Nara-Shi Shinnoomiya 9.0 min walk)
24.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   107,692 JPY/sq.m

7. Nara Nara-Shi 西大寺北町 (Nara-Shi Yamatosaidaiji 9.0 min walk)
21.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

8. Nara Nara-Shi 杉ケ町 (Nara-Shi Nara 9.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

9. Nara Nara-Shi 富雄北 (Nara-Shi Tomio 9.0 min walk)
20.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

10. Nara Nara-Shi 富雄北 (Nara-Shi Tomio 9.0 min walk)
20.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   200,000 JPY/sq.m

11. Nara Nara-Shi 法蓮町 (Nara-Shi Shinnoomiya 9.0 min walk)
24.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-12-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   111,429 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • An increase in average age of the building (representing 22.2 years old in 2019 and 24.8 years old in 2020; +11.4%)
  • A dramatic increase in average distance from the station (representing 9.9 min in 2019 and 12.4 min in 2020; +24.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.5% of total transactions in 2019 and 57.4% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.1% of total transactions in 2019 and 9.8% of total transactions in 2020)
The table below shows Apartment dealt in Nara Nara-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 Nara-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
Nara-Shi 三碓 (52) [Area]15,000,000234,134 JPY/sq.m22.5 yrs11 min70 sq.m
Nara-Shi 学園大和町 (183) [Area]15,000,000213,333 JPY/sq.m18.8 yrs11 min70 sq.m
Nara-Shi 西笹鉾町 (4) [Area]16,500,000243,407 JPY/sq.m21.3 yrs11 min67 sq.m
Kitakatsuragi-Gun (222) [Area]15,000,000200,000 JPY/sq.m19.9 yrs9 min70 sq.m
JR Yamatoji Line Kooriyama (97) [Stations]16,000,000214,286 JPY/sq.m20.8 yrs9 min75 sq.m
Kintetsu Kintetsu Nara Line (2,208) [Stations]14,000,000200,000 JPY/sq.m23.3 yrs9 min70 sq.m
Kintetsu Nara Line Tomio (468) [Stations]14,000,000186,667 JPY/sq.m22.1 yrs11 min70 sq.m