Tenri-Shi Apartment average value

Price 162,777 JPY/sq.m
- Age 21.9 years old
- Dist. from Sta. 10.2 min walk
- Property area 66.7 sq.m

The average price of Nara Tenri-Shi Apartment, in 2020 was 145,416 JPY/sq.m. The market value represents a decrease of 1,203 JPY (-0.8%) compared to 1 year ago and a transition to a slight market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2019 and 75.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Tenri-Shi were calculated using data on the sales of 123 properties provided by the MLIT Japan.

Tenri-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
二階堂上ノ庄町14,013,333 JPY189,011 JPY/sq.m15 件
丹波市町17,000,000 JPY257,158 JPY/sq.m9 件
前栽町17,285,714 JPY252,653 JPY/sq.m7 件
平等坊町6,662,857 JPY107,674 JPY/sq.m35 件
指柳町8,806,452 JPY133,301 JPY/sq.m31 件
田井庄町18,000,000 JPY255,484 JPY/sq.m7 件
荒蒔町7,789,474 JPY123,534 JPY/sq.m19 件

Tenri-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 New348,294 JPY/sq.m100 %
Residual Value (10 Years)275,368 JPY/sq.m79 %
Residual Value (20 Years)185,043 JPY/sq.m53 %
Residual Value (20 Years)77,319 JPY/sq.m22 %
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 Tenri-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 Tenri-Shi 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 Tenri-Shi 指柳町 (Tenri-Shi Sennzai 10.0 min walk)
25.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   121,429 JPY/sq.m

2. Nara Tenri-Shi 平等坊町 (Tenri-Shi Sennzai 11.0 min walk)
24.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2018-12-01 00:00:00

Trading price:   7,400,000 JPY,    Unit price:   105,714 JPY/sq.m

3. Nara Tenri-Shi 平等坊町 (Tenri-Shi Sennzai 11.0 min walk)
24.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-09-01 00:00:00

Trading price:   6,500,000 JPY,    Unit price:   100,000 JPY/sq.m

4. Nara Tenri-Shi 平等坊町 (Tenri-Shi Sennzai 11.0 min walk)
24.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   123,077 JPY/sq.m

5. Nara Tenri-Shi 指柳町 (Tenri-Shi Sennzai 10.0 min walk)
22.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   120,000 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 new buildings under 20 years old.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2019 and 75.0% of total transactions in 2020)
The table below shows Apartment dealt in Nara Tenri-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 Tenri-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
Ikoma-Shi 東菜畑 (26) [Area]11,150,000163,690 JPY/sq.m20.8 yrs9 min72 sq.m
Nara-Shi 学園中 (57) [Area]11,000,000169,231 JPY/sq.m20.0 yrs11 min70 sq.m
Yamatokoriyama-Shi 野垣内町 (13) [Area]12,000,000171,429 JPY/sq.m17.8 yrs9 min70 sq.m
Nara-Shi 富雄北 (85) [Area]11,500,000171,429 JPY/sq.m22.9 yrs11 min70 sq.m
Nara-Shi 西大寺北町 (18) [Area]11,000,000173,333 JPY/sq.m21.0 yrs9 min60 sq.m
Kintetsu Kashihara Line Ninokuchi (11) [Stations]9,800,000150,769 JPY/sq.m20.0 yrs11 min65 sq.m
Kintetsu Nara Line Tomio (468) [Stations]14,000,000186,667 JPY/sq.m22.1 yrs11 min70 sq.m
Kintetsu Kintetsu Tenri Line (124) [Stations]9,800,000133,333 JPY/sq.m24.5 yrs10 min65 sq.m