Niigata-Shi Apartment average value

Price 204,844 JPY/sq.m
- Age 26.4 years old
- Dist. from Sta. 17.6 min walk
- Property area 60.1 sq.m

The average price of Niigata Niigata-Shi Apartment, in 2020 was 212,747 JPY/sq.m. The market value represents an increase of 723 JPY (+0.3%) 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 small size for a single person households less than 30 sq.m, as well as an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

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 3.2% of total transactions in 2019 and 6.2% 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 0.5% of total transactions in 2019 and 0.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.8% of total transactions in 2019 and 17.2% of total transactions in 2020)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 58.5% of total transactions in 2019 and 62.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Niigata-Shi were calculated using data on the sales of 2,896 properties provided by the MLIT Japan.

Niigata-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Higashi-Ku12,976,471 JPY177,078 JPY/sq.m174 件
Chuo-Ku13,539,451 JPY211,117 JPY/sq.m2,379 件
Konan-Ku7,960,870 JPY132,315 JPY/sq.m23 件
Akiha-Ku3,787,500 JPY72,115 JPY/sq.m8 件
Nishi-Ku11,118,518 JPY168,052 JPY/sq.m311 件
Nishikan-Ku1,300,000 JPY26,000 JPY/sq.m1 件

Niigata-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 New550,521 JPY/sq.m100 %
Residual Value (10 Years)374,100 JPY/sq.m68 %
Residual Value (20 Years)242,913 JPY/sq.m44 %
Residual Value (20 Years)156,959 JPY/sq.m29 %
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 Niigata-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 Niigata-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. 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

2. 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

3. Niigata Niigata-Shi Chuo-Ku 米山 (Niigata-Shi Niigata 17.0 min walk)
25.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01 00:00:00

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

4. 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

5. 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

6. 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

7. 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

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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 small size for a single person households less than 30 sq.m, as well as an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

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 3.2% of total transactions in 2019 and 6.2% 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 0.5% of total transactions in 2019 and 0.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.8% of total transactions in 2019 and 17.2% of total transactions in 2020)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 58.5% of total transactions in 2019 and 62.4% of total transactions in 2020)
The table below shows Apartment dealt in Niigata Niigata-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 Niigata-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
Chuo-Ku 関屋田町 (4) [Area]14,500,000206,666 JPY/sq.m21.3 yrs11 min67 sq.m
Nagaoka-Shi 西千手 (10) [Area]13,500,000198,558 JPY/sq.m16.8 yrs18 min67 sq.m
Chuo-Ku 紫竹山 (5) [Area]18,000,000213,333 JPY/sq.m27.0 yrs24 min75 sq.m
Nagaoka-Shi 千手 (9) [Area]16,000,000214,286 JPY/sq.m16.5 yrs14 min75 sq.m
Chuo-Ku 堀之内南 (24) [Area]15,000,000216,026 JPY/sq.m18.8 yrs20 min70 sq.m
JR Shin'etsu Main Line Niigata (2,073) [Stations]11,000,000188,889 JPY/sq.m27.4 yrs20 min60 sq.m
JR Hakushin Line Niigata (2,073) [Stations]11,000,000188,889 JPY/sq.m27.4 yrs20 min60 sq.m
JR Echigo Line Niigata (2,073) [Stations]11,000,000188,889 JPY/sq.m27.4 yrs20 min60 sq.m
Joetsu Shinkansen Niigata (2,073) [Stations]11,000,000188,889 JPY/sq.m27.4 yrs20 min60 sq.m
JR JR Hakushin Line (2,187) [Stations]12,000,000187,084 JPY/sq.m26.8 yrs20 min65 sq.m