Kurashiki-Shi Apartment average value

Price 257,888 JPY/sq.m
- Age 20.9 years old
- Dist. from Sta. 13.8 min walk
- Property area 65.7 sq.m

The average price of Okayama Kurashiki-Shi Apartment, in 2020 was 270,029 JPY/sq.m. The market value represents an increase of 22,817 JPY (+9.2%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 13.9 min in 2019 and 12.3 min in 2020; -11.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 56.1% of total transactions in 2019 and 25.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.0% of total transactions in 2019 and 10.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.4% of total transactions in 2019 and 21.4% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 7.3% of total transactions in 2019 and 3.6% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Kurashiki-Shi were calculated using data on the sales of 504 properties provided by the MLIT Japan.

Kurashiki-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
四十瀬11,971,429 JPY189,338 JPY/sq.m7 件
下庄5,920,000 JPY92,417 JPY/sq.m10 件
中央26,000,000 JPY339,286 JPY/sq.m3 件
中島9,783,333 JPY134,946 JPY/sq.m12 件
中庄24,500,000 JPY374,399 JPY/sq.m8 件
児島味野13,330,000 JPY189,755 JPY/sq.m10 件
北浜町16,976,923 JPY261,467 JPY/sq.m13 件
南町15,750,000 JPY224,395 JPY/sq.m12 件
堀南20,200,000 JPY277,479 JPY/sq.m5 件
大島4,700,000 JPY235,000 JPY/sq.m2 件
寿町31,666,667 JPY440,476 JPY/sq.m3 件
川西町14,448,276 JPY219,209 JPY/sq.m29 件
帯高15,750,000 JPY206,120 JPY/sq.m4 件
平田26,500,000 JPY365,714 JPY/sq.m2 件
幸町17,533,333 JPY251,625 JPY/sq.m30 件
広江15,750,000 JPY214,286 JPY/sq.m4 件
新倉敷駅前22,250,000 JPY284,012 JPY/sq.m4 件
日ノ出町11,688,889 JPY193,911 JPY/sq.m9 件
昭和12,525,000 JPY193,009 JPY/sq.m24 件
松島6,482,353 JPY172,573 JPY/sq.m17 件
水島西栄町3,000,000 JPY300,000 JPY/sq.m1 件
浜町9,394,444 JPY157,182 JPY/sq.m18 件
玉島爪崎20,000,000 JPY236,046 JPY/sq.m4 件
田ノ上23,500,000 JPY278,933 JPY/sq.m6 件
白楽町25,750,000 JPY332,563 JPY/sq.m4 件
石見町8,252,381 JPY152,673 JPY/sq.m21 件
神田7,942,857 JPY132,381 JPY/sq.m7 件
稲荷町12,717,391 JPY205,066 JPY/sq.m23 件
笹沖20,764,706 JPY289,989 JPY/sq.m17 件
羽島21,750,000 JPY300,256 JPY/sq.m4 件
老松町15,321,622 JPY235,219 JPY/sq.m88 件
茶屋町21,000,000 JPY288,726 JPY/sq.m2 件
西富井3,436,364 JPY89,091 JPY/sq.m13 件
連島5,950,000 JPY105,909 JPY/sq.m8 件
阿知4,166,667 JPY53,576 JPY/sq.m13 件
鳥羽18,803,846 JPY325,967 JPY/sq.m26 件
鶴形16,917,073 JPY262,340 JPY/sq.m41 件

Kurashiki-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 New424,961 JPY/sq.m100 %
Residual Value (10 Years)334,684 JPY/sq.m79 %
Residual Value (20 Years)259,962 JPY/sq.m61 %
Residual Value (20 Years)200,794 JPY/sq.m47 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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 Kurashiki-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 Kurashiki-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. Okayama Kurashiki-Shi 老松町 (Kurashiki-Shi Kurashiki 12.0 min walk)
20.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 1LDK+S , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   257,143 JPY/sq.m

2. Okayama Kurashiki-Shi 児島味野 (Kurashiki-Shi Kojima 11.0 min walk)
21.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   7,200,000 JPY,    Unit price:   120,000 JPY/sq.m

3. Okayama Kurashiki-Shi 老松町 (Kurashiki-Shi Kurashiki 12.0 min walk)
17.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-12-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   314,286 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{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 older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 13.9 min in 2019 and 12.3 min in 2020; -11.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 56.1% of total transactions in 2019 and 25.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.0% of total transactions in 2019 and 10.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.4% of total transactions in 2019 and 21.4% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 7.3% of total transactions in 2019 and 3.6% of total transactions in 2020)
The table below shows Apartment dealt in Okayama Kurashiki-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 Kurashiki-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
Okayama-Shi Kita-Ku (1,477) [Area]18,000,000261,538 JPY/sq.m21.0 yrs15 min70 sq.m
Okayama (2,650) [Area]17,000,000244,444 JPY/sq.m20.8 yrs15 min70 sq.m
Kita-Ku 西之町 (9) [Area]15,000,000228,571 JPY/sq.m21.3 yrs13 min70 sq.m
Kita-Ku 西長瀬 (7) [Area]22,000,000293,333 JPY/sq.m21.0 yrs14 min75 sq.m
JR JR Hakubi Line (381) [Stations]16,500,000250,000 JPY/sq.m21.3 yrs13 min65 sq.m
JR Hakubi Line Kurashiki (381) [Stations]16,500,000250,000 JPY/sq.m21.3 yrs13 min65 sq.m
JR Sanyo Main Line Kurashiki (381) [Stations]16,500,000250,000 JPY/sq.m21.3 yrs13 min65 sq.m
JR Uno Line Oomoto (448) [Stations]17,000,000246,154 JPY/sq.m21.9 yrs11 min70 sq.m
JR (2,613) [Stations]17,000,000244,444 JPY/sq.m20.9 yrs15 min70 sq.m