Higashi-Ku Apartment average value

Price 177,078 JPY/sq.m
- Age 23.3 years old
- Dist. from Sta. 19.0 min walk
- Property area 73.4 sq.m

The average price of Niigata-Shi Higashi-Ku Apartment, in 2020 was 124,190 JPY/sq.m. The market value represents a decrease of 62,616 JPY (-33.5%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.1 years old in 2019 and 32.8 years old in 2020; +41.9%)
  • A dramatic increase in average distance from the station (representing 17.3 min in 2019 and 21.3 min in 2020; +23.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.0% of total transactions in 2019 and 25.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Higashi-Ku were calculated using data on the sales of 174 properties provided by the MLIT Japan.

Higashi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
中山11,930,769 JPY175,466 JPY/sq.m13 件
中島15,012,121 JPY189,543 JPY/sq.m33 件
南紫竹8,190,000 JPY109,919 JPY/sq.m10 件
大形本町13,133,333 JPY187,099 JPY/sq.m45 件
新石山11,366,667 JPY146,869 JPY/sq.m6 件
木工新町11,227,273 JPY175,706 JPY/sq.m11 件
東明3,880,556 JPY59,292 JPY/sq.m18 件
江南11,725,000 JPY173,516 JPY/sq.m4 件
河渡19,000,000 JPY257,738 JPY/sq.m3 件
牡丹山9,660,000 JPY171,927 JPY/sq.m5 件
紫竹2,312,857 JPY50,444 JPY/sq.m20 件
逢谷内9,300,000 JPY142,137 JPY/sq.m6 件

Higashi-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 New325,963 JPY/sq.m100 %
Residual Value (10 Years)261,550 JPY/sq.m80 %
Residual Value (20 Years)200,941 JPY/sq.m62 %
Residual Value (20 Years)144,136 JPY/sq.m44 %
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 Higashi-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 Higashi-Ku 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. Niigata Niigata-Shi Higashi-Ku 大形本町 (Niigata-Shi Oogata 26.0 min walk)
21.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   338,462 JPY/sq.m

2. Niigata Niigata-Shi Higashi-Ku 中山 (Niigata-Shi Niigata 26.0 min walk)
23.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   214,286 JPY/sq.m

3. Niigata Niigata-Shi Higashi-Ku 大形本町 (Niigata-Shi Oogata 25.0 min walk)
18.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   240,000 JPY/sq.m

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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 older buildings over 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.1 years old in 2019 and 32.8 years old in 2020; +41.9%)
  • A dramatic increase in average distance from the station (representing 17.3 min in 2019 and 21.3 min in 2020; +23.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.0% of total transactions in 2019 and 25.0% of total transactions in 2020)
The table below shows Apartment dealt in Niigata-Shi Higashi-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 Higashi-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
Niigata-Shi (2,896) [Area]12,000,000185,714 JPY/sq.m26.5 yrs18 min65 sq.m
Niigata-Shi Chuo-Ku (2,379) [Area]12,000,000187,500 JPY/sq.m27.0 yrs19 min60 sq.m
Chuo-Ku 下所島 (2) [Area]11,500,000164,286 JPY/sq.m27.0 yrs22 min70 sq.m
Chuo-Ku 東幸町 (60) [Area]12,000,000160,000 JPY/sq.m22.8 yrs18 min75 sq.m
Higashi-Ku 逢谷内 (6) [Area]9,050,000144,680 JPY/sq.m21.8 yrs19 min65 sq.m