Okegawa-Shi Apartment average value

Price 195,305 JPY/sq.m
- Age 24.3 years old
- Dist. from Sta. 10.3 min walk
- Property area 59.8 sq.m

The average price of Saitama Okegawa-Shi Apartment, in 2020 was 220,536 JPY/sq.m. The market value represents an increase of 12,780 JPY (+6.2%) 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 locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2019 and 9.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.4 years old in 2019 and 28.1 years old in 2020; +25.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 52.4% of total transactions in 2019 and 63.6% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Okegawa-Shi were calculated using data on the sales of 287 properties provided by the MLIT Japan.

Okegawa-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
13,454,167 JPY226,437 JPY/sq.m24 件
寿20,610,000 JPY316,268 JPY/sq.m20 件
朝日18,896,154 JPY274,098 JPY/sq.m26 件
末広12,150,000 JPY192,298 JPY/sq.m26 件
12,500,000 JPY192,308 JPY/sq.m4 件
8,072,222 JPY118,715 JPY/sq.m54 件
神明13,833,333 JPY210,325 JPY/sq.m12 件
若宮11,360,714 JPY193,325 JPY/sq.m71 件
西7,347,143 JPY155,025 JPY/sq.m35 件
鴨川12,973,333 JPY219,321 JPY/sq.m15 件

Okegawa-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 New369,359 JPY/sq.m100 %
Residual Value (10 Years)303,129 JPY/sq.m82 %
Residual Value (20 Years)234,529 JPY/sq.m63 %
Residual Value (20 Years)163,557 JPY/sq.m44 %
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 Okegawa-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 Okegawa-Shi 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. Saitama Okegawa-Shi 朝日 (Okegawa-Shi Kitaageo 9.0 min walk)
26.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   300,000 JPY/sq.m

2. Saitama Okegawa-Shi 神明 (Okegawa-Shi Kitaageo 10.0 min walk)
27.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   120,000 JPY/sq.m

3. Saitama Okegawa-Shi 神明 (Okegawa-Shi Kitaageo 9.0 min walk)
25.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   107,692 JPY/sq.m

4. Saitama Okegawa-Shi 朝日 (Okegawa-Shi Kitaageo 9.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   246,154 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 locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2019 and 9.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.4 years old in 2019 and 28.1 years old in 2020; +25.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 52.4% of total transactions in 2019 and 63.6% of total transactions in 2020)
The table below shows Apartment dealt in Saitama Okegawa-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 Okegawa-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
Midori-Ku 大字大門 (21) [Area]12,000,000200,000 JPY/sq.m22.8 yrs9 min55 sq.m
Fujimino-Shi 福岡 (37) [Area]13,000,000200,000 JPY/sq.m24.8 yrs10 min70 sq.m
Ageo-Shi 愛宕 (11) [Area]13,000,000200,000 JPY/sq.m25.1 yrs11 min70 sq.m
Kita-Ku 本郷町 (32) [Area]12,000,000204,286 JPY/sq.m24.3 yrs11 min60 sq.m
JR Utsunomiya Line Kuki (241) [Stations]13,000,000200,000 JPY/sq.m28.0 yrs10 min65 sq.m
Tobu Isesaki Line Kuki (241) [Stations]13,000,000200,000 JPY/sq.m28.0 yrs10 min65 sq.m
Seibu Ikebukuro Line Hannnou (184) [Stations]13,000,000185,714 JPY/sq.m21.3 yrs9 min65 sq.m
Tobu Noda Line Yagisaki (4) [Stations]9,400,000185,000 JPY/sq.m19.9 yrs9 min50 sq.m
Tobu Isesaki Line Shinndenn (354) [Stations]13,000,000216,667 JPY/sq.m28.5 yrs10 min60 sq.m