Higashi-Ku Apartment average value

Price 258,992 JPY/sq.m
- Age 12.9 years old
- Dist. from Sta. 7.0 min walk
- Property area 73.0 sq.m

The average price of Okayama-Shi Higashi-Ku Apartment, in 2020 was 285,714 JPY/sq.m. The market value represents an increase of 71,428 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving size for a general family households less than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2019 and 3.0 min in 2020; -70.0%)
Data regarding the market value and its changes of Apartment in Higashi-Ku were calculated using data on the sales of 5 properties provided by the MLIT Japan.

Higashi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
瀬戸町瀬戸19,500,000 JPY254,622 JPY/sq.m2 件
西大寺中18,333,333 JPY261,905 JPY/sq.m3 件
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

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 New406,948 JPY/sq.m100 %
Residual Value (10 Years)313,095 JPY/sq.m77 %
Residual Value (20 Years)232,227 JPY/sq.m57 %
Residual Value (20 Years)164,344 JPY/sq.m40 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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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. Okayama Okayama-Shi Higashi-Ku 西大寺中 (Okayama-Shi Saidaiji 9.0 min walk)
11.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

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

2. Okayama Okayama-Shi Higashi-Ku 瀬戸町瀬戸 (Okayama-Shi Seto 3.0 min walk)
15.8 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK
- Trading date: 2017-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   223,529 JPY/sq.m

3. Okayama Okayama-Shi Higashi-Ku 瀬戸町瀬戸 (Okayama-Shi Seto 3.0 min walk)
18.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   285,714 JPY/sq.m

4. Okayama Okayama-Shi Higashi-Ku 西大寺中 (Okayama-Shi Saidaiji 10.0 min walk)
6.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

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

5. Okayama Okayama-Shi Higashi-Ku 西大寺中 (Okayama-Shi Saidaiji 10.0 min walk)
, Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

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

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- 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 slight decrease in transactions involving size for a general family households less than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2019 and 3.0 min in 2020; -70.0%)
The table below shows Apartment dealt in Okayama-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
Kita-Ku 国体町 (14) [Area]17,500,000257,143 JPY/sq.m13.5 yrs8 min70 sq.m
Naka-Ku 西川原 (21) [Area]17,000,000242,857 JPY/sq.m17.5 yrs5 min70 sq.m
Kita-Ku 学南町 (9) [Area]23,000,000293,333 JPY/sq.m11.5 yrs6 min70 sq.m