Karatsu-Shi Apartment average value

Price 170,053 JPY/sq.m
- Age 21.8 years old
- Dist. from Sta. 9.0 min walk
- Property area 75.6 sq.m

The average price of Saga Karatsu-Shi Apartment, in 2020 was 231,720 JPY/sq.m. The market value represents an increase of 72,519 JPY (+45.6%) 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 relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 22.8 years old in 2019 and 18.8 years old in 2020; -17.7%)
  • A dramatic decrease in average distance from the station (representing 9.4 min in 2019 and 6.8 min in 2020; -28.2%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 10.0% of total transactions in 2019 and 25.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Karatsu-Shi were calculated using data on the sales of 92 properties provided by the MLIT Japan.

Karatsu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
千代田町17,925,000 JPY245,515 JPY/sq.m8 件
元石町7,500,000 JPY88,235 JPY/sq.m2 件
和多田本村12,000,000 JPY141,176 JPY/sq.m1 件
山本11,000,000 JPY169,231 JPY/sq.m1 件
新興町15,428,571 JPY226,332 JPY/sq.m7 件
東城内16,400,000 JPY208,793 JPY/sq.m5 件
東町12,160,000 JPY147,785 JPY/sq.m10 件
松南町10,136,364 JPY142,796 JPY/sq.m11 件
栄町10,912,500 JPY155,395 JPY/sq.m16 件
熊原町14,000,000 JPY164,706 JPY/sq.m1 件
紺屋町11,285,714 JPY153,571 JPY/sq.m7 件
西城内14,855,000 JPY199,374 JPY/sq.m20 件
西寺町8,050,000 JPY146,364 JPY/sq.m2 件

Karatsu-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 New407,599 JPY/sq.m100 %
Residual Value (10 Years)255,079 JPY/sq.m63 %
Residual Value (20 Years)162,929 JPY/sq.m40 %
Residual Value (20 Years)131,148 JPY/sq.m32 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Karatsu-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 Karatsu-Shi Apartment that meet the above conditions were calculated in the following manner.

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({{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. Saga Karatsu-Shi 西城内 (Karatsu-Shi Karatsu 10.0 min walk)
24.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2015-09-01 00:00:00

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

2. Saga Karatsu-Shi 千代田町 (Karatsu-Shi Karatsu 12.0 min walk)
21.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-12-01 00:00:00

Trading price:   7,400,000 JPY,    Unit price:   105,714 JPY/sq.m

3. Saga Karatsu-Shi 西城内 (Karatsu-Shi Karatsu 11.0 min walk)
27.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   8,800,000 JPY,    Unit price:   110,000 JPY/sq.m

4. Saga Karatsu-Shi 西城内 (Karatsu-Shi Karatsu 10.0 min walk)
20.3 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   211,765 JPY/sq.m

5. Saga Karatsu-Shi 元石町 (Karatsu-Shi Watada 8.0 min walk)
20.5 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   88,235 JPY/sq.m

6. Saga Karatsu-Shi 元石町 (Karatsu-Shi Watada 8.0 min walk)
20.5 years old , Area: 85.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2019-09-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   88,235 JPY/sq.m

7. Saga Karatsu-Shi 西城内 (Karatsu-Shi Karatsu 9.0 min walk)
28.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

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

8. Saga Karatsu-Shi 西城内 (Karatsu-Shi Karatsu 11.0 min walk)
28.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   125,000 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 relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 22.8 years old in 2019 and 18.8 years old in 2020; -17.7%)
  • A dramatic decrease in average distance from the station (representing 9.4 min in 2019 and 6.8 min in 2020; -28.2%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 10.0% of total transactions in 2019 and 25.0% of total transactions in 2020)
The table below shows Apartment dealt in Saga Karatsu-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 Karatsu-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
Saga-Shi 神野東 (42) [Area]12,000,000165,238 JPY/sq.m25.0 yrs6 min70 sq.m
Saga-Shi 八戸溝 (2) [Area]13,500,000150,000 JPY/sq.m15.6 yrs11 min90 sq.m
Saga-Shi 天神 (19) [Area]9,500,000146,667 JPY/sq.m20.5 yrs8 min70 sq.m
Karatsu-Shi 西寺町 (2) [Area]8,050,000146,364 JPY/sq.m24.3 yrs8 min55 sq.m
JR JR Karatsu Line (65) [Stations]14,000,000188,235 JPY/sq.m14.0 yrs10 min75 sq.m
JR Karatsu Line Karatsu (64) [Stations]14,000,000194,118 JPY/sq.m14.1 yrs10 min75 sq.m
JR Chikuhi East Line Karatsu (64) [Stations]14,000,000194,118 JPY/sq.m14.1 yrs10 min75 sq.m
JR JR Chikuhi West line (2) [Stations]8,500,000144,616 JPY/sq.m16.1 yrs11 min57 sq.m
JR JR Chikuhi East Line (89) [Stations]12,000,000137,500 JPY/sq.m23.8 yrs10 min75 sq.m