Suminoe-Ku Apartment average value

Price 228,990 JPY/sq.m
- Age 29.7 years old
- Dist. from Sta. 5.5 min walk
- Property area 68.1 sq.m

The average price of Osaka-Shi Suminoe-Ku Apartment, in 2020 was 238,444 JPY/sq.m. The market value represents an increase of 15,326 JPY (+6.9%) 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 older buildings over 40 years old, as well as an decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2019 and 57.3% of total transactions in 2020)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 39.4% of total transactions in 2019 and 41.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.8% of total transactions in 2019 and 19.5% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Suminoe-Ku were calculated using data on the sales of 1,332 properties provided by the MLIT Japan.

Suminoe-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
中加賀屋15,085,714 JPY233,485 JPY/sq.m21 件
北加賀屋10,485,714 JPY175,216 JPY/sq.m77 件
北島13,661,538 JPY179,175 JPY/sq.m13 件
南加賀屋18,600,000 JPY250,456 JPY/sq.m15 件
南港中11,047,573 JPY153,700 JPY/sq.m378 件
南港北28,656,250 JPY383,605 JPY/sq.m91 件
南港東4,325,000 JPY86,500 JPY/sq.m4 件
安立23,600,000 JPY343,212 JPY/sq.m5 件
平林南11,488,710 JPY180,391 JPY/sq.m62 件
御崎16,677,647 JPY247,716 JPY/sq.m85 件
新北島16,288,889 JPY237,244 JPY/sq.m136 件
東加賀屋17,471,429 JPY281,684 JPY/sq.m83 件
浜口東21,800,000 JPY330,842 JPY/sq.m5 件
浜口西14,275,556 JPY215,882 JPY/sq.m45 件
粉浜15,021,622 JPY242,481 JPY/sq.m154 件
粉浜西13,154,839 JPY219,082 JPY/sq.m127 件
緑木15,377,778 JPY225,987 JPY/sq.m18 件
西住之江14,863,492 JPY219,953 JPY/sq.m63 件
西加賀屋17,219,231 JPY258,498 JPY/sq.m77 件

Suminoe-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 New509,530 JPY/sq.m100 %
Residual Value (10 Years)385,200 JPY/sq.m76 %
Residual Value (20 Years)286,241 JPY/sq.m56 %
Residual Value (20 Years)212,652 JPY/sq.m42 %
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 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 Suminoe-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 Suminoe-Ku 南港中 (Osaka-Shi Po-Totaunnhigashi 5.0 min walk)
33.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-06-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   183,333 JPY/sq.m

2. Osaka Osaka-Shi Suminoe-Ku 南港中 (Osaka-Shi Po-Totaunnhigashi 5.0 min walk)
33.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2014-09-01 00:00:00

Trading price:   7,700,000 JPY,    Unit price:   118,462 JPY/sq.m

3. Osaka Osaka-Shi Suminoe-Ku 西住之江 (Osaka-Shi Suminoe 5.0 min walk)
33.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-09-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   242,857 JPY/sq.m

4. Osaka Osaka-Shi Suminoe-Ku 西住之江 (Osaka-Shi Suminoe 5.0 min walk)
33.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2016-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   250,000 JPY/sq.m

5. Osaka Osaka-Shi Suminoe-Ku 緑木 (Osaka-Shi Kitakagaya 5.0 min walk)
32.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   150,769 JPY/sq.m

6. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
33.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2018-12-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   116,667 JPY/sq.m

7. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
33.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: SRC
- Trading date: 2018-12-01 00:00:00

Trading price:   7,300,000 JPY,    Unit price:   121,667 JPY/sq.m

8. Osaka Osaka-Shi Suminoe-Ku 西住之江 (Osaka-Shi Suminoe 5.0 min walk)
32.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

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

9. Osaka Osaka-Shi Suminoe-Ku 西住之江 (Osaka-Shi Suminoe 5.0 min walk)
32.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   163,333 JPY/sq.m

10. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
34.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-03-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   250,000 JPY/sq.m

11. Osaka Osaka-Shi Suminoe-Ku 西住之江 (Osaka-Shi Suminoe 5.0 min walk)
34.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2019-06-01 00:00:00

Trading price:   8,600,000 JPY,    Unit price:   143,333 JPY/sq.m

12. Osaka Osaka-Shi Suminoe-Ku 南港中 (Osaka-Shi Po-Totaunnhigashi 5.0 min walk)
34.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

13. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
31.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: SRC
- Trading date: 2016-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

14. Osaka Osaka-Shi Suminoe-Ku 南港中 (Osaka-Shi Po-Totaunnhigashi 5.0 min walk)
34.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-12-01 00:00:00

Trading price:   7,600,000 JPY,    Unit price:   108,571 JPY/sq.m

15. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
31.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-09-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   133,333 JPY/sq.m

16. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
31.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2016-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   183,333 JPY/sq.m

17. Osaka Osaka-Shi Suminoe-Ku 南港中 (Osaka-Shi Po-Totaunnhigashi 5.0 min walk)
35.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-03-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   163,333 JPY/sq.m

18. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
35.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

19. Osaka Osaka-Shi Suminoe-Ku 平林南 (Osaka-Shi Hirabayashi 5.0 min walk)
31.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2016-06-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   100,000 JPY/sq.m

20. Osaka Osaka-Shi Suminoe-Ku 緑木 (Osaka-Shi Kitakagaya 5.0 min walk)
35.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-06-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   146,154 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 older buildings over 40 years old, as well as an decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2019 and 57.3% of total transactions in 2020)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 39.4% of total transactions in 2019 and 41.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.8% of total transactions in 2019 and 19.5% of total transactions in 2020)
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:

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 (10) [Area]15,500,000221,634 JPY/sq.m32.5 yrs5 min65 sq.m
Higashiyodogawa-Ku 下新庄 (97) [Area]14,000,000236,364 JPY/sq.m25.0 yrs6 min60 sq.m
Sumiyoshi-Ku 長居東 (92) [Area]16,500,000252,678 JPY/sq.m34.0 yrs6 min60 sq.m
Hirano-Ku 長吉長原 (38) [Area]17,000,000257,143 JPY/sq.m26.3 yrs6 min65 sq.m