Minami-Ku Apartment average value

Price 191,734 JPY/sq.m
- Age 22.2 years old
- Dist. from Sta. 31.5 min walk
- Property area 72.3 sq.m

The average price of Okayama-Shi Minami-Ku Apartment, in 2020 was 205,826 JPY/sq.m. The market value represents an increase of 8,231 JPY (+4.2%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • An increase in average distance from the station (representing 40.1 min in 2019 and 45.9 min in 2020; +14.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2019 and 75.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Minami-Ku were calculated using data on the sales of 279 properties provided by the MLIT Japan.

Minami-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
妹尾16,272,727 JPY209,662 JPY/sq.m11 件
当新田9,858,333 JPY152,999 JPY/sq.m12 件
新保14,173,810 JPY197,963 JPY/sq.m42 件
新福9,400,000 JPY134,286 JPY/sq.m2 件
東畦18,500,000 JPY220,367 JPY/sq.m22 件
泉田14,056,522 JPY191,552 JPY/sq.m23 件
浜野8,308,333 JPY133,048 JPY/sq.m12 件
浦安南町7,447,059 JPY119,691 JPY/sq.m17 件
福富中14,777,778 JPY210,400 JPY/sq.m18 件
福成8,833,333 JPY126,190 JPY/sq.m3 件
箕島13,500,000 JPY140,000 JPY/sq.m4 件
築港栄町23,571,429 JPY240,956 JPY/sq.m7 件
米倉9,054,546 JPY140,540 JPY/sq.m11 件
芳泉11,850,000 JPY171,891 JPY/sq.m4 件
西市13,952,941 JPY195,464 JPY/sq.m34 件
豊成12,129,825 JPY171,891 JPY/sq.m57 件

Minami-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 New380,686 JPY/sq.m100 %
Residual Value (10 Years)284,814 JPY/sq.m75 %
Residual Value (20 Years)204,404 JPY/sq.m54 %
Residual Value (20 Years)139,456 JPY/sq.m37 %
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 Minami-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 Minami-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 Minami-Ku 泉田 (Okayama-Shi Bizennnishiichi 29.0 min walk)
23.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: RC
- Trading date: 2018-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

2. Okayama Okayama-Shi Minami-Ku 泉田 (Okayama-Shi Bizennnishiichi 28.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   213,333 JPY/sq.m

3. Okayama Okayama-Shi Minami-Ku 新福 (Okayama-Shi Oomoto 30.0 min walk)
23.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2018-09-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   128,571 JPY/sq.m

4. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Bizennnishiichi 30.0 min walk)
23.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

5. Okayama Okayama-Shi Minami-Ku 泉田 (Okayama-Shi Bizennnishiichi 30.0 min walk)
22.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   171,429 JPY/sq.m

6. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Okayama 30.0 min walk)
24.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   9,600,000 JPY,    Unit price:   128,000 JPY/sq.m

7. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Okayama 30.0 min walk)
24.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   113,333 JPY/sq.m

8. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Oomoto 30.0 min walk)
21.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: SRC
- Trading date: 2016-12-01 00:00:00

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

9. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Oomoto 30.0 min walk)
21.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2008-12-01 00:00:00

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

10. Okayama Okayama-Shi Minami-Ku 泉田 (Okayama-Shi Bizennnishiichi 28.0 min walk)
25.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   226,667 JPY/sq.m

11. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Okayama 30.0 min walk)
21.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-09-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   126,667 JPY/sq.m

12. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Okayama 30.0 min walk)
25.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   100,000 JPY/sq.m

13. Okayama Okayama-Shi Minami-Ku 豊成 (Okayama-Shi Okayama 30.0 min walk)
25.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   111,429 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • An increase in average distance from the station (representing 40.1 min in 2019 and 45.9 min in 2020; +14.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2019 and 75.0% of total transactions in 2020)
The table below shows Apartment dealt in Okayama-Shi Minami-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 Minami-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
Naka-Ku 徳吉町 (10) [Area]14,500,000193,334 JPY/sq.m22.4 yrs30 min82 sq.m
Minami-Ku 泉田 (23) [Area]13,000,000185,714 JPY/sq.m16.0 yrs29 min75 sq.m
Naka-Ku 東川原 (27) [Area]14,000,000200,000 JPY/sq.m20.0 yrs19 min70 sq.m
Minami-Ku 妹尾 (11) [Area]16,000,000200,000 JPY/sq.m23.5 yrs21 min80 sq.m