Suminoe-Ku Apartment average value

Price 13,543,421 JPY
  (199,048 JPY/sq.m)
- Age 27.9 years old
- Dist. from Sta. 5.6 min walk
- Property area 65.9 sq.m

The average price of a sq.m Apartment of Osaka-Shi Suminoe-Ku, in 2017 was 191,349 JPY/sq.m. The market value represents a decrease of 223 JPY (-0.1%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 31 (-79.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.6 years old (a +20.2% increase compared to the 29.7 years old of last year.). The average size of the real estate was 56.2 sq.m (a -13.1% decrease compared to the 64.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.7 years old in 2016 and 35.6 years old in 2017; +20.2%)
  • An increase in average distance from the station (representing 5.5 min in 2016 and 6.4 min in 2017; +16.2%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 53.8% of total transactions in 2016 and 62.5% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Suminoe-Ku were calculated using data on the sales of 894 properties provided by the MLIT Japan.

Suminoe-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price
南港中10,938,182 JPY149,045 JPY/sq.m
粉浜西7,330,769 JPY145,928 JPY/sq.m
新北島10,304,762 JPY165,137 JPY/sq.m
御崎16,438,806 JPY244,607 JPY/sq.m
北加賀屋10,336,066 JPY172,178 JPY/sq.m
東加賀屋17,545,454 JPY276,570 JPY/sq.m
南港北26,130,435 JPY327,496 JPY/sq.m
西住之江14,404,082 JPY212,042 JPY/sq.m
西加賀屋15,658,333 JPY234,880 JPY/sq.m
平林南11,064,286 JPY173,608 JPY/sq.m
浜口西12,946,667 JPY197,986 JPY/sq.m
粉浜9,836,364 JPY176,895 JPY/sq.m
中加賀屋15,300,000 JPY235,223 JPY/sq.m
南加賀屋19,100,000 JPY259,255 JPY/sq.m
緑木12,055,556 JPY185,470 JPY/sq.m
北島15,600,000 JPY199,706 JPY/sq.m
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Apartment value Age transition

Market values (unit price: sq.m, m2) 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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
AgeTrading PriceProportion
Price at New403,042 JPY/sq.m100 %
Residual Value (10 Years)311,552 JPY/sq.m77 %
Residual Value (20 Years)236,206 JPY/sq.m59 %
Residual Value (20 Years)177,005 JPY/sq.m44 %
Color:

Unit:
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




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Calculate Suminoe-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 Osaka-Shi Suminoe-Ku Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Suminoe-Ku

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

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{{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

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Apartment market value trends

Market value trends for Apartment are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.7 years old in 2016 and 35.6 years old in 2017; +20.2%)
  • An increase in average distance from the station (representing 5.5 min in 2016 and 6.4 min in 2017; +16.2%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 53.8% of total transactions in 2016 and 62.5% of total transactions in 2017)
The table below shows Apartment dealt in Osaka-Shi Suminoe-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:

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Area close to the price in Suminoe-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
Abeno-Ku 万代 (7) [Area]14,000,000200,00030.0 yrs5 min65 sq.m
Joto-Ku 今福南 (11) [Area]13,000,000200,00027.8 yrs6 min65 sq.m
Sumiyoshi-Ku 清水丘 (42) [Area]12,000,000202,00022.5 yrs5 min60 sq.m
Ikuno-Ku 桃谷 (29) [Area]12,000,000216,66622.5 yrs6 min60 sq.m
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