Nishi-Ku Apartment average value

Price 573,184 JPY/sq.m
- Age 17.7 years old
- Dist. from Sta. 5.0 min walk
- Property area 47.3 sq.m

The average price of Osaka-Shi Nishi-Ku Apartment, in 2020 was 597,070 JPY/sq.m. The market value represents an increase of 53,541 JPY (+9.9%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • An decrease in average age of the building (representing 19.8 years old in 2019 and 17.7 years old in 2020; -10.3%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 7.2% of total transactions in 2019 and 13.3% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 6.1% of total transactions in 2019 and 11.7% of total transactions in 2020)

Causes of price decreases

  • A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 17.9% of total transactions in 2019 and 16.2% of total transactions in 2020)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 44.3% of total transactions in 2019 and 44.2% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 3,465 properties provided by the MLIT Japan.

Nishi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
九条19,870,886 JPY661,787 JPY/sq.m145 件
九条南20,697,872 JPY593,566 JPY/sq.m106 件
千代崎20,580,645 JPY317,137 JPY/sq.m34 件
京町堀22,342,500 JPY657,831 JPY/sq.m270 件
北堀江27,370,886 JPY546,548 JPY/sq.m334 件
南堀江25,102,874 JPY553,322 JPY/sq.m597 件
土佐堀24,058,974 JPY635,770 JPY/sq.m183 件
境川13,783,333 JPY255,212 JPY/sq.m36 件
川口18,273,913 JPY662,609 JPY/sq.m103 件
新町38,465,625 JPY641,042 JPY/sq.m405 件
本田18,291,803 JPY595,395 JPY/sq.m163 件
江之子島27,549,315 JPY487,376 JPY/sq.m261 件
江戸堀25,108,140 JPY529,943 JPY/sq.m263 件
立売堀22,237,963 JPY483,598 JPY/sq.m413 件
西本町23,591,228 JPY570,902 JPY/sq.m153 件
阿波座9,190,909 JPY370,247 JPY/sq.m33 件
靱本町24,608,696 JPY525,135 JPY/sq.m72 件

Nishi-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 New875,737 JPY/sq.m100 %
Residual Value (10 Years)661,947 JPY/sq.m76 %
Residual Value (20 Years)500,261 JPY/sq.m57 %
Residual Value (20 Years)390,679 JPY/sq.m45 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Nishi-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 Nishi-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 Nishi-Ku 九条南 (Osaka-Shi Kujou 5.0 min walk)
14.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2016-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   345,455 JPY/sq.m

2. Osaka Osaka-Shi Nishi-Ku 新町 (Osaka-Shi Yotsubashi 5.0 min walk)
14.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   363,636 JPY/sq.m

3. Osaka Osaka-Shi Nishi-Ku 新町 (Osaka-Shi Yotsubashi 5.0 min walk)
14.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2010-03-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   472,727 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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 small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • An decrease in average age of the building (representing 19.8 years old in 2019 and 17.7 years old in 2020; -10.3%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 7.2% of total transactions in 2019 and 13.3% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 6.1% of total transactions in 2019 and 11.7% of total transactions in 2020)

Causes of price decreases

  • A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 17.9% of total transactions in 2019 and 16.2% of total transactions in 2020)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 44.3% of total transactions in 2019 and 44.2% of total transactions in 2020)
The table below shows Apartment dealt in Osaka-Shi Nishi-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 Nishi-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 曾根崎 (29) [Area]30,000,000563,636 JPY/sq.m14.8 yrs4 min55 sq.m
Osaka-Shi Fukushima-Ku (1,889) [Area]21,000,000585,714 JPY/sq.m15.5 yrs5 min55 sq.m
Chuo-Ku 瓦屋町 (126) [Area]18,000,000551,923 JPY/sq.m19.1 yrs6 min52 sq.m
Nishi-Ku 南堀江 (597) [Area]21,000,000546,061 JPY/sq.m17.0 yrs6 min55 sq.m