Joetsu-Shi Apartment average value

Price 161,963 JPY/sq.m
- Age 22.2 years old
- Dist. from Sta. 11.2 min walk
- Property area 63.7 sq.m

The average price of Niigata Joetsu-Shi Apartment, in 2020 was 192,669 JPY/sq.m. The market value represents a decrease of 6,037 JPY (-3.0%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 55.6% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2019 and 23.7 min in 2020; +124.4%)
Data regarding the market value and its changes of Apartment in Joetsu-Shi were calculated using data on the sales of 169 properties provided by the MLIT Japan.

Joetsu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
仲町13,903,125 JPY214,995 JPY/sq.m32 件
大字下門前19,333,333 JPY228,889 JPY/sq.m3 件
大町8,366,667 JPY151,350 JPY/sq.m9 件
春日山町20,166,667 JPY241,545 JPY/sq.m6 件
春日野17,000,000 JPY229,352 JPY/sq.m7 件
木田11,975,862 JPY162,403 JPY/sq.m29 件
本町19,659,322 JPY199,516 JPY/sq.m59 件
東雲町26,000,000 JPY346,667 JPY/sq.m1 件
板倉区針7,000,000 JPY70,000 JPY/sq.m1 件
栄町6,866,667 JPY186,833 JPY/sq.m3 件
石橋11,000,000 JPY169,231 JPY/sq.m1 件
藤野新田22,000,000 JPY293,334 JPY/sq.m2 件
西城町20,000,000 JPY259,858 JPY/sq.m4 件
西本町14,783,333 JPY252,291 JPY/sq.m6 件
鴨島15,666,667 JPY213,200 JPY/sq.m6 件

Joetsu-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 New418,354 JPY/sq.m100 %
Residual Value (10 Years)280,272 JPY/sq.m67 %
Residual Value (20 Years)173,737 JPY/sq.m42 %
Residual Value (20 Years)98,751 JPY/sq.m24 %
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
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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 Joetsu-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 Joetsu-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. Niigata Joetsu-Shi 大町 (Joetsu-Shi Takada 11.0 min walk)
26.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   5,800,000 JPY,    Unit price:   77,333 JPY/sq.m

2. Niigata Joetsu-Shi 本町 (Joetsu-Shi Takada 11.0 min walk)
27.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   9,600,000 JPY,    Unit price:   128,000 JPY/sq.m

3. Niigata Joetsu-Shi 大町 (Joetsu-Shi Takada 9.0 min walk)
26.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

4. Niigata Joetsu-Shi 仲町 (Joetsu-Shi Minamitakada 13.0 min walk)
26.5 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   4,800,000 JPY,    Unit price:   87,273 JPY/sq.m

5. Niigata Joetsu-Shi 仲町 (Joetsu-Shi Minamitakada 11.0 min walk)
28.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   5,000,000 JPY,    Unit price:   90,909 JPY/sq.m

6. Niigata Joetsu-Shi 本町 (Joetsu-Shi Takada 11.0 min walk)
23.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   6,700,000 JPY,    Unit price:   89,333 JPY/sq.m

7. Niigata Joetsu-Shi 仲町 (Joetsu-Shi Minamitakada 13.0 min walk)
28.5 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   5,400,000 JPY,    Unit price:   98,182 JPY/sq.m

8. Niigata Joetsu-Shi 仲町 (Joetsu-Shi Minamitakada 11.0 min walk)
29.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   4,500,000 JPY,    Unit price:   81,818 JPY/sq.m

9. Niigata Joetsu-Shi 仲町 (Joetsu-Shi Minamitakada 11.0 min walk)
29.5 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2020-09-01 00:00:00

Trading price:   3,600,000 JPY,    Unit price:   65,455 JPY/sq.m

10. Niigata Joetsu-Shi 本町 (Joetsu-Shi Takada 11.0 min walk)
22.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   6,300,000 JPY,    Unit price:   105,000 JPY/sq.m

11. Niigata Joetsu-Shi 本町 (Joetsu-Shi Takada 10.0 min walk)
21.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

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

12. Niigata Joetsu-Shi 仲町 (Joetsu-Shi Minamitakada 13.0 min walk)
21.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   72,727 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 55.6% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2019 and 23.7 min in 2020; +124.4%)
The table below shows Apartment dealt in Niigata Joetsu-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 Joetsu-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
Niigata-Shi Nishi-Ku (311) [Area]10,000,000163,333 JPY/sq.m25.4 yrs9 min65 sq.m
Joetsu-Shi 大町 (9) [Area]8,000,000171,429 JPY/sq.m18.3 yrs11 min55 sq.m
Nagaoka-Shi 呉服町 (8) [Area]5,500,000150,000 JPY/sq.m21.5 yrs11 min52 sq.m
Nagaoka-Shi (587) [Area]7,500,000146,667 JPY/sq.m26.6 yrs10 min55 sq.m
JR Shin'etsu Main Line Nagaoka (497) [Stations]8,250,000150,000 JPY/sq.m26.3 yrs10 min57 sq.m
Joetsu Shinkansen Nagaoka (497) [Stations]8,250,000150,000 JPY/sq.m26.3 yrs10 min57 sq.m
Other (169) [Stations]9,250,000141,453 JPY/sq.m26.3 yrs11 min65 sq.m
Other Myōkō Haneuma Line (169) [Stations]9,250,000141,453 JPY/sq.m26.3 yrs11 min65 sq.m
JR Echigo Line Aoyama (221) [Stations]12,500,000185,164 JPY/sq.m25.4 yrs9 min70 sq.m