Minato-Ku Apartment average value

Price 486,398 JPY/sq.m
- Age 18.9 years old
- Dist. from Sta. 7.3 min walk
- Property area 48.8 sq.m

The average price of Osaka-Shi Minato-Ku Apartment, in 2020 was 606,276 JPY/sq.m. The market value represents an increase of 176,168 JPY (+41.0%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.6 years old in 2019 and 14.0 years old in 2020; -38.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.3% of total transactions in 2019 and 43.8% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 14.6% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.9 min in 2019 and 8.3 min in 2020; +20.2%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 13.2% of total transactions in 2019 and 8.9% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.2% of total transactions in 2019 and 10.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Minato-Ku were calculated using data on the sales of 939 properties provided by the MLIT Japan.

Minato-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三先20,211,538 JPY284,221 JPY/sq.m52 件
八幡屋9,787,500 JPY188,379 JPY/sq.m24 件
南市岡24,423,256 JPY550,972 JPY/sq.m103 件
夕凪20,395,454 JPY391,324 JPY/sq.m70 件
市岡16,843,023 JPY725,376 JPY/sq.m181 件
市岡元町16,767,606 JPY782,508 JPY/sq.m130 件
弁天28,974,468 JPY458,094 JPY/sq.m174 件
池島19,561,224 JPY229,381 JPY/sq.m98 件
波除22,687,500 JPY457,940 JPY/sq.m85 件
田中14,236,364 JPY659,636 JPY/sq.m22 件
磯路12,946,429 JPY350,809 JPY/sq.m30 件
築港8,625,926 JPY143,011 JPY/sq.m100 件

Minato-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 New848,390 JPY/sq.m100 %
Residual Value (10 Years)589,204 JPY/sq.m69 %
Residual Value (20 Years)399,764 JPY/sq.m47 %
Residual Value (20 Years)280,068 JPY/sq.m33 %
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 Minato-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 Minato-Ku 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. Osaka Osaka-Shi Minato-Ku 弁天 (Osaka-Shi Benntennchou 7.0 min walk)
13.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2013-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   290,909 JPY/sq.m

2. Osaka Osaka-Shi Minato-Ku 弁天 (Osaka-Shi Benntennchou 6.0 min walk)
13.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-09-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   383,333 JPY/sq.m

3. Osaka Osaka-Shi Minato-Ku 波除 (Osaka-Shi Benntennchou 6.0 min walk)
13.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   34,000,000 JPY,    Unit price:   523,077 JPY/sq.m

4. Osaka Osaka-Shi Minato-Ku 三先 (Osaka-Shi Asashiobashi 7.0 min walk)
12.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m

5. Osaka Osaka-Shi Minato-Ku 三先 (Osaka-Shi Asashiobashi 8.0 min walk)
12.8 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:   24,000,000 JPY,    Unit price:   369,231 JPY/sq.m

6. Osaka Osaka-Shi Minato-Ku 波除 (Osaka-Shi Benntennchou 6.0 min walk)
14.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   266,667 JPY/sq.m

7. Osaka Osaka-Shi Minato-Ku 磯路 (Osaka-Shi Benntennchou 7.0 min walk)
15.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-06-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   416,667 JPY/sq.m

8. Osaka Osaka-Shi Minato-Ku 弁天 (Osaka-Shi Benntennchou 7.0 min walk)
15.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

9. Osaka Osaka-Shi Minato-Ku 三先 (Osaka-Shi Asashiobashi 6.0 min walk)
11.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-06-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   323,077 JPY/sq.m

10. Osaka Osaka-Shi Minato-Ku 三先 (Osaka-Shi Asashiobashi 6.0 min walk)
16.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

11. Osaka Osaka-Shi Minato-Ku 波除 (Osaka-Shi Benntennchou 6.0 min walk)
11.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   316,667 JPY/sq.m

12. Osaka Osaka-Shi Minato-Ku 波除 (Osaka-Shi Benntennchou 6.0 min walk)
11.0 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:   32,000,000 JPY,    Unit price:   492,308 JPY/sq.m

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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 nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.6 years old in 2019 and 14.0 years old in 2020; -38.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.3% of total transactions in 2019 and 43.8% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 14.6% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.9 min in 2019 and 8.3 min in 2020; +20.2%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 13.2% of total transactions in 2019 and 8.9% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.2% of total transactions in 2019 and 10.0% of total transactions in 2020)
The table below shows Apartment dealt in Osaka-Shi Minato-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 Minato-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
Tennoji-Ku 逢阪 (67) [Area]19,000,000500,000 JPY/sq.m18.3 yrs7 min50 sq.m
Nishi-Ku 江戸堀 (263) [Area]21,000,000505,556 JPY/sq.m18.0 yrs6 min50 sq.m
Kita-Ku 同心 (269) [Area]19,000,000523,636 JPY/sq.m19.8 yrs7 min55 sq.m
Miyakojima-Ku 都島北通 (152) [Area]20,000,000440,178 JPY/sq.m18.8 yrs7 min55 sq.m
Nishi-Ku 南堀江 (597) [Area]21,000,000546,061 JPY/sq.m17.0 yrs6 min55 sq.m