Chuo-Ku Apartment average value

Price 211,117 JPY/sq.m
- Age 26.4 years old
- Dist. from Sta. 18.5 min walk
- Property area 59.0 sq.m

The average price of Niigata-Shi Chuo-Ku Apartment, in 2020 was 221,268 JPY/sq.m. The market value represents an increase of 1,718 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 locations relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.7% of total transactions in 2019 and 5.9% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.6% of total transactions in 2019 and 1.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 13.0% of total transactions in 2019 and 18.1% of total transactions in 2020)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 56.2% of total transactions in 2019 and 60.2% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chuo-Ku were calculated using data on the sales of 2,379 properties provided by the MLIT Japan.

Chuo-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
一番堀通町21,333,333 JPY373,280 JPY/sq.m3 件
二葉町16,970,000 JPY220,267 JPY/sq.m11 件
三和町27,000,000 JPY298,232 JPY/sq.m8 件
八千代20,493,333 JPY272,636 JPY/sq.m15 件
万代18,854,237 JPY282,843 JPY/sq.m208 件
上大川前通9,886,667 JPY179,504 JPY/sq.m103 件
上所7,008,824 JPY107,995 JPY/sq.m69 件
上近江17,231,579 JPY210,619 JPY/sq.m38 件
下大川前通9,996,296 JPY166,051 JPY/sq.m82 件
下所島11,500,000 JPY164,286 JPY/sq.m2 件
信濃町2,500,000 JPY45,455 JPY/sq.m1 件
出来島22,500,000 JPY303,843 JPY/sq.m8 件
医学町通6,180,000 JPY111,443 JPY/sq.m40 件
南出来島14,022,727 JPY199,528 JPY/sq.m22 件
南横堀町14,428,571 JPY206,552 JPY/sq.m7 件
南浜通2,106,667 JPY55,623 JPY/sq.m15 件
南笹口14,032,000 JPY224,467 JPY/sq.m182 件
古町通7,021,739 JPY147,447 JPY/sq.m64 件
和合町12,260,000 JPY187,796 JPY/sq.m10 件
堀之内15,826,667 JPY220,601 JPY/sq.m30 件
堀之内南13,283,333 JPY186,675 JPY/sq.m24 件
天神31,244,444 JPY397,617 JPY/sq.m99 件
女池11,849,020 JPY189,208 JPY/sq.m51 件
女池上山10,215,790 JPY161,876 JPY/sq.m19 件
女池南20,400,000 JPY313,809 JPY/sq.m5 件
学校町通20,833,333 JPY311,162 JPY/sq.m6 件
寄居町15,904,000 JPY235,564 JPY/sq.m25 件
寺裏通4,125,000 JPY135,714 JPY/sq.m8 件
川岸町17,600,000 JPY242,190 JPY/sq.m56 件
川端町15,139,130 JPY210,634 JPY/sq.m139 件
幸町18,388,889 JPY272,512 JPY/sq.m18 件
幸西19,991,667 JPY269,186 JPY/sq.m48 件
弁天8,024,340 JPY164,543 JPY/sq.m54 件
弥生町10,750,000 JPY153,571 JPY/sq.m2 件
文京町25,428,571 JPY338,215 JPY/sq.m7 件
新光町12,512,500 JPY180,144 JPY/sq.m8 件
新和12,752,632 JPY170,430 JPY/sq.m19 件
日の出1,753,846 JPY114,551 JPY/sq.m27 件
旭町通17,250,000 JPY155,543 JPY/sq.m4 件
明石3,594,737 JPY110,729 JPY/sq.m19 件
本町通12,364,912 JPY208,444 JPY/sq.m57 件
本馬越14,250,000 JPY189,940 JPY/sq.m4 件
東中通6,425,000 JPY257,000 JPY/sq.m4 件
東出来島19,750,000 JPY306,518 JPY/sq.m4 件
東堀前通6,192,593 JPY143,491 JPY/sq.m27 件
東堀通3,684,375 JPY70,434 JPY/sq.m16 件
東大通3,896,552 JPY121,236 JPY/sq.m29 件
東幸町12,543,333 JPY164,265 JPY/sq.m60 件
桜木町14,200,000 JPY189,643 JPY/sq.m5 件
水島町11,742,857 JPY197,636 JPY/sq.m21 件
沼垂東4,404,546 JPY114,759 JPY/sq.m22 件
神道寺4,973,684 JPY80,157 JPY/sq.m38 件
笹口13,542,857 JPY253,300 JPY/sq.m68 件
米山18,457,692 JPY268,844 JPY/sq.m89 件
紫竹山17,800,000 JPY224,784 JPY/sq.m5 件
網川原8,331,250 JPY138,477 JPY/sq.m16 件
美咲町14,638,889 JPY194,350 JPY/sq.m18 件
花園14,668,966 JPY261,983 JPY/sq.m29 件
西厩島町2,176,667 JPY57,497 JPY/sq.m19 件
西堀前通13,766,667 JPY224,978 JPY/sq.m18 件
西堀通6,690,000 JPY133,623 JPY/sq.m90 件
西大畑町17,369,565 JPY220,844 JPY/sq.m23 件
西湊町通2,723,810 JPY136,190 JPY/sq.m21 件
近江6,368,473 JPY103,683 JPY/sq.m20 件
6,926,087 JPY174,947 JPY/sq.m23 件
鐙西14,888,889 JPY215,152 JPY/sq.m9 件
長嶺町14,070,000 JPY215,277 JPY/sq.m10 件
関南町6,728,571 JPY109,949 JPY/sq.m14 件
関屋下川原町3,084,286 JPY61,686 JPY/sq.m14 件
関屋大川前25,000,000 JPY332,292 JPY/sq.m4 件
関屋新町通6,900,000 JPY106,154 JPY/sq.m1 件
関屋松波町4,000,000 JPY88,889 JPY/sq.m1 件
関屋田町14,500,000 JPY211,026 JPY/sq.m4 件
関屋金鉢山町21,000,000 JPY282,143 JPY/sq.m2 件
関新13,365,306 JPY219,205 JPY/sq.m49 件
高志11,333,333 JPY169,048 JPY/sq.m3 件
鳥屋野8,482,353 JPY141,778 JPY/sq.m34 件

Chuo-Ku 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 New552,438 JPY/sq.m100 %
Residual Value (10 Years)381,354 JPY/sq.m69 %
Residual Value (20 Years)251,853 JPY/sq.m46 %
Residual Value (20 Years)163,935 JPY/sq.m30 %
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 Chuo-Ku 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 Chuo-Ku 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 Niigata-Shi Chuo-Ku 幸西 (Niigata-Shi Niigata 20.0 min walk)
26.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   120,000 JPY/sq.m

2. Niigata Niigata-Shi Chuo-Ku 川端町 (Niigata-Shi Niigata 20.0 min walk)
26.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2014-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   169,231 JPY/sq.m

3. Niigata Niigata-Shi Chuo-Ku 川端町 (Niigata-Shi Niigata 20.0 min walk)
27.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-12-01 00:00:00

Trading price:   5,500,000 JPY,    Unit price:   91,667 JPY/sq.m

4. Niigata Niigata-Shi Chuo-Ku 沼垂東 (Niigata-Shi Niigata 19.0 min walk)
25.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   130,769 JPY/sq.m

5. Niigata Niigata-Shi Chuo-Ku 幸西 (Niigata-Shi Niigata 19.0 min walk)
25.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

6. Niigata Niigata-Shi Chuo-Ku 東幸町 (Niigata-Shi Niigata 19.0 min walk)
28.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

7. Niigata Niigata-Shi Chuo-Ku 米山 (Niigata-Shi Niigata 18.0 min walk)
26.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   4,500,000 JPY,    Unit price:   69,231 JPY/sq.m

8. Niigata Niigata-Shi Chuo-Ku 古町通 (Niigata-Shi Hakusann 19.0 min walk)
28.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   116,667 JPY/sq.m

9. Niigata Niigata-Shi Chuo-Ku 米山 (Niigata-Shi Niigata 18.0 min walk)
29.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

10. Niigata Niigata-Shi Chuo-Ku 米山 (Niigata-Shi Niigata 18.0 min walk)
29.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   8,900,000 JPY,    Unit price:   136,923 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 relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.7% of total transactions in 2019 and 5.9% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.6% of total transactions in 2019 and 1.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 13.0% of total transactions in 2019 and 18.1% of total transactions in 2020)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 56.2% of total transactions in 2019 and 60.2% of total transactions in 2020)
The table below shows Apartment dealt in Niigata-Shi Chuo-Ku, 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 Chuo-Ku

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
Chuo-Ku 紫竹山 (5) [Area]18,000,000213,333 JPY/sq.m27.0 yrs24 min75 sq.m
Chuo-Ku 堀之内南 (24) [Area]15,000,000216,026 JPY/sq.m18.8 yrs20 min70 sq.m
Chuo-Ku 本馬越 (4) [Area]14,500,000187,500 JPY/sq.m17.5 yrs19 min75 sq.m
Niigata-Shi (2,896) [Area]12,000,000185,714 JPY/sq.m26.5 yrs18 min65 sq.m