Okayama-Shi Apartment average value

Price 252,215 JPY/sq.m
- Age 20.6 years old
- Dist. from Sta. 19.0 min walk
- Property area 68.1 sq.m

The average price of Okayama Okayama-Shi Apartment, in 2020 was 250,842 JPY/sq.m. The market value represents a decrease of 1,963 JPY (-0.8%) 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 an increase in transactions involving relatively old buildings under 40 years old.

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 4.7% of total transactions in 2019 and 9.7% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.5% of total transactions in 2019 and 4.3% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 44.6% of total transactions in 2019 and 53.3% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 4.5% of total transactions in 2019 and 6.5% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Okayama-Shi were calculated using data on the sales of 2,110 properties provided by the MLIT Japan.

Okayama-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Kita-Ku18,325,718 JPY263,362 JPY/sq.m1,477 件
Naka-Ku17,698,889 JPY244,083 JPY/sq.m349 件
Higashi-Ku18,800,000 JPY258,992 JPY/sq.m5 件
Minami-Ku14,057,353 JPY191,734 JPY/sq.m279 件

Okayama-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 New447,479 JPY/sq.m100 %
Residual Value (10 Years)344,212 JPY/sq.m77 %
Residual Value (20 Years)253,929 JPY/sq.m57 %
Residual Value (20 Years)176,631 JPY/sq.m39 %
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 Okayama-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 Okayama-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 Okayama-Shi Naka-Ku 沢田 (Okayama-Shi Takashima 18.0 min walk)
20.8 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:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

2. Okayama Okayama-Shi Kita-Ku 東島田町 (Okayama-Shi Okayama 19.0 min walk)
21.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Okayama Okayama-Shi Kita-Ku 東島田町 (Okayama-Shi Okayama 19.0 min walk)
21.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

4. Okayama Okayama-Shi Kita-Ku 野田 (Okayama-Shi Oomoto 19.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-12-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

5. Okayama Okayama-Shi Kita-Ku 大供 (Okayama-Shi Okayama 17.0 min walk)
21.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

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

6. Okayama Okayama-Shi Kita-Ku 野田 (Okayama-Shi Oomoto 19.0 min walk)
21.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

7. Okayama Okayama-Shi Kita-Ku 神田町 (Okayama-Shi Oomoto 19.0 min walk)
21.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   124,000 JPY/sq.m

8. Okayama Okayama-Shi Naka-Ku 東川原 (Okayama-Shi Nishigawara 19.0 min walk)
20.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

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

9. Okayama Okayama-Shi Naka-Ku 東川原 (Okayama-Shi Nishigawara 19.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

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

10. Okayama Okayama-Shi Naka-Ku 沢田 (Okayama-Shi Takashima 18.0 min walk)
19.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2013-12-01 00:00:00

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

11. Okayama Okayama-Shi Kita-Ku 大供 (Okayama-Shi Okayama 17.0 min walk)
20.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2018-03-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

12. Okayama Okayama-Shi Naka-Ku 東川原 (Okayama-Shi Nishigawara 19.0 min walk)
22.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

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

13. Okayama Okayama-Shi Naka-Ku 東川原 (Okayama-Shi Nishigawara 19.0 min walk)
20.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

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

14. Okayama Okayama-Shi Kita-Ku 野田 (Okayama-Shi Oomoto 17.0 min walk)
22.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01 00:00:00

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

15. Okayama Okayama-Shi Kita-Ku 大供 (Okayama-Shi Okayama 17.0 min walk)
19.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-09-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   346,667 JPY/sq.m

16. Okayama Okayama-Shi Naka-Ku 関 (Okayama-Shi Takashima 19.0 min walk)
19.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

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

17. Okayama Okayama-Shi Kita-Ku 神田町 (Okayama-Shi Oomoto 19.0 min walk)
22.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   130,769 JPY/sq.m

18. Okayama Okayama-Shi Naka-Ku 樶 (Okayama-Shi Takashima 18.0 min walk)
19.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2019-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 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 relatively near to the station less than six minutes by foot from the station, as well as an increase in transactions involving relatively old buildings under 40 years old.

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 4.7% of total transactions in 2019 and 9.7% of total transactions in 2020)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.5% of total transactions in 2019 and 4.3% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 44.6% of total transactions in 2019 and 53.3% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 4.5% of total transactions in 2019 and 6.5% of total transactions in 2020)
The table below shows Apartment dealt in Okayama Okayama-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 Okayama-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
Tsuyama-Shi 椿高下 (2) [Area]15,500,000258,334 JPY/sq.m20.0 yrs17 min60 sq.m
Kita-Ku 兵団 (4) [Area]16,500,000243,333 JPY/sq.m22.5 yrs20 min67 sq.m
Kita-Ku 野田 (85) [Area]23,500,000300,000 JPY/sq.m16.8 yrs16 min72 sq.m
Shinkansen (1,132) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m
JR Kibi Line Okayama (1,125) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m
JR Uno Line Okayama (1,125) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m
JR Sanyo Main Line Okayama (1,125) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m
JR Tsuyama Line Okayama (1,125) [Stations]18,000,000250,000 JPY/sq.m21.0 yrs21 min70 sq.m