Kita-Ku Apartment average value

Price 263,362 JPY/sq.m
- Age 20.8 years old
- Dist. from Sta. 15.8 min walk
- Property area 66.5 sq.m

The average price of Okayama-Shi Kita-Ku Apartment, in 2020 was 259,309 JPY/sq.m. The market value represents an increase of 2,271 JPY (+0.9%) 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 locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 16.9 min in 2019 and 13.9 min in 2020; -17.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2019 and 10.6% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 3.3% of total transactions in 2019 and 4.5% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 48.0% of total transactions in 2019 and 54.5% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 4.9% of total transactions in 2019 and 6.1% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Kita-Ku were calculated using data on the sales of 1,477 properties provided by the MLIT Japan.

Kita-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三野13,222,222 JPY201,709 JPY/sq.m9 件
七日市西町7,994,118 JPY120,942 JPY/sq.m17 件
いずみ町40,000,000 JPY444,444 JPY/sq.m1 件
上中野21,570,833 JPY257,595 JPY/sq.m24 件
下中野19,777,778 JPY254,608 JPY/sq.m9 件
下伊福西町5,095,454 JPY84,751 JPY/sq.m22 件
中井町23,000,000 JPY300,364 JPY/sq.m6 件
中仙道12,666,667 JPY180,952 JPY/sq.m3 件
中山下12,332,051 JPY238,143 JPY/sq.m42 件
中島田町11,611,765 JPY176,018 JPY/sq.m17 件
丸の内35,000,000 JPY412,500 JPY/sq.m2 件
京山23,000,000 JPY311,752 JPY/sq.m7 件
京町2,522,222 JPY126,111 JPY/sq.m9 件
19,105,882 JPY255,604 JPY/sq.m34 件
今村20,600,000 JPY303,700 JPY/sq.m5 件
伊島北町28,000,000 JPY329,412 JPY/sq.m1 件
伊島町8,133,333 JPY147,020 JPY/sq.m24 件
伊福町31,833,333 JPY391,488 JPY/sq.m6 件
兵団15,875,000 JPY220,564 JPY/sq.m4 件
内山下6,992,593 JPY169,581 JPY/sq.m27 件
北方20,000,000 JPY280,392 JPY/sq.m4 件
南中央町5,573,077 JPY147,930 JPY/sq.m26 件
南方35,000,000 JPY438,095 JPY/sq.m2 件
厚生町18,218,750 JPY242,334 JPY/sq.m32 件
問屋町25,851,852 JPY307,948 JPY/sq.m27 件
国体町18,214,286 JPY256,702 JPY/sq.m14 件
大供19,769,565 JPY251,673 JPY/sq.m46 件
大供表町16,114,286 JPY219,541 JPY/sq.m21 件
大元14,437,500 JPY215,740 JPY/sq.m32 件
大元駅前13,630,769 JPY218,373 JPY/sq.m13 件
大和町20,666,667 JPY257,066 JPY/sq.m9 件
大学町9,933,333 JPY145,299 JPY/sq.m3 件
天神町36,500,000 JPY361,731 JPY/sq.m10 件
奉還町23,307,407 JPY305,224 JPY/sq.m27 件
奥田10,611,111 JPY157,736 JPY/sq.m18 件
学南町23,888,889 JPY330,464 JPY/sq.m9 件
富田8,777,778 JPY150,919 JPY/sq.m27 件
富田町5,012,500 JPY132,091 JPY/sq.m16 件
小山15,111,111 JPY197,120 JPY/sq.m9 件
岡町2,922,222 JPY110,611 JPY/sq.m18 件
島田本町16,272,727 JPY250,888 JPY/sq.m11 件
平和町48,000,000 JPY543,890 JPY/sq.m9 件
平田13,500,000 JPY184,762 JPY/sq.m2 件
平野23,111,111 JPY315,106 JPY/sq.m9 件
幸町31,000,000 JPY286,638 JPY/sq.m2 件
庭瀬20,750,000 JPY296,428 JPY/sq.m4 件
弓之町13,385,185 JPY231,843 JPY/sq.m27 件
撫川16,000,000 JPY214,286 JPY/sq.m2 件
新屋敷町19,642,857 JPY260,002 JPY/sq.m14 件
春日町3,286,956 JPY127,215 JPY/sq.m23 件
昭和町27,200,000 JPY388,590 JPY/sq.m5 件
本町30,184,210 JPY382,886 JPY/sq.m38 件
東古松16,600,000 JPY241,042 JPY/sq.m162 件
東古松南町5,860,000 JPY131,101 JPY/sq.m5 件
東島田町17,612,000 JPY269,416 JPY/sq.m25 件
柳町16,031,000 JPY258,602 JPY/sq.m20 件
桑田町21,397,561 JPY281,062 JPY/sq.m41 件
横井上193,333 JPY9,667 JPY/sq.m9 件
津島東2,192,857 JPY76,310 JPY/sq.m14 件
津島西坂31,181,818 JPY356,754 JPY/sq.m11 件
津高14,792,000 JPY203,658 JPY/sq.m25 件
清心町10,142,692 JPY209,833 JPY/sq.m27 件
清輝本町3,266,667 JPY138,526 JPY/sq.m12 件
清輝橋7,731,034 JPY152,006 JPY/sq.m81 件
田町2,253,846 JPY69,931 JPY/sq.m13 件
矢坂東町9,800,000 JPY136,752 JPY/sq.m3 件
神田町8,740,000 JPY126,492 JPY/sq.m5 件
蕃山町25,583,333 JPY393,720 JPY/sq.m12 件
表町20,750,000 JPY268,226 JPY/sq.m24 件
西之町15,422,222 JPY221,289 JPY/sq.m9 件
西古松18,435,000 JPY263,541 JPY/sq.m110 件
西古松西町15,204,348 JPY226,328 JPY/sq.m46 件
西島田町19,333,333 JPY210,723 JPY/sq.m3 件
西長瀬22,285,714 JPY303,085 JPY/sq.m7 件
辰巳17,600,000 JPY238,392 JPY/sq.m5 件
野田24,038,462 JPY328,902 JPY/sq.m85 件
野田屋町40,866,667 JPY506,071 JPY/sq.m15 件
青江5,140,000 JPY72,634 JPY/sq.m6 件
駅元町28,250,000 JPY397,619 JPY/sq.m4 件
駅前町22,250,000 JPY353,572 JPY/sq.m4 件
高柳東町21,357,143 JPY316,548 JPY/sq.m14 件
鹿田本町30,400,000 JPY318,493 JPY/sq.m5 件
鹿田町22,461,538 JPY330,384 JPY/sq.m13 件

Kita-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 New456,804 JPY/sq.m100 %
Residual Value (10 Years)358,743 JPY/sq.m79 %
Residual Value (20 Years)268,161 JPY/sq.m59 %
Residual Value (20 Years)185,057 JPY/sq.m41 %
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
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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 Kita-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 Kita-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 Kita-Ku 辰巳 (Okayama-Shi Kitanagase 15.0 min walk)
21.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   253,333 JPY/sq.m

2. Okayama Okayama-Shi Kita-Ku 島田本町 (Okayama-Shi Okayama 14.0 min walk)
21.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

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

3. Okayama Okayama-Shi Kita-Ku 下中野 (Okayama-Shi Oomoto 14.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

4. Okayama Okayama-Shi Kita-Ku 三野 (Okayama-Shi Houkaiinn 16.0 min walk)
19.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   200,000 JPY/sq.m

5. Okayama Okayama-Shi Kita-Ku 野田 (Okayama-Shi Oomoto 14.0 min walk)
22.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

6. Okayama Okayama-Shi Kita-Ku 三野 (Okayama-Shi Houkaiinn 16.0 min walk)
22.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

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

7. Okayama Okayama-Shi Kita-Ku 野田 (Okayama-Shi Oomoto 14.0 min walk)
22.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-12-01 00:00:00

Trading price:   9,400,000 JPY,    Unit price:   144,615 JPY/sq.m

8. Okayama Okayama-Shi Kita-Ku 兵団 (Okayama-Shi Houkaiinn 16.0 min walk)
19.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   253,333 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 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 locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 16.9 min in 2019 and 13.9 min in 2020; -17.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2019 and 10.6% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 3.3% of total transactions in 2019 and 4.5% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 48.0% of total transactions in 2019 and 54.5% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 4.9% of total transactions in 2019 and 6.1% of total transactions in 2020)
The table below shows Apartment dealt in Okayama-Shi Kita-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 Kita-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
Okayama-Shi (2,110) [Area]17,000,000242,857 JPY/sq.m21.0 yrs18 min70 sq.m
Kita-Ku 西長瀬 (7) [Area]22,000,000293,333 JPY/sq.m21.0 yrs14 min75 sq.m
Kita-Ku 西之町 (9) [Area]15,000,000228,571 JPY/sq.m21.3 yrs13 min70 sq.m
Kita-Ku 野田 (85) [Area]23,500,000300,000 JPY/sq.m16.8 yrs16 min72 sq.m