Chuo-Ku Apartment average value

Price 472,652 JPY/sq.m
- Age 18.3 years old
- Dist. from Sta. 10.0 min walk
- Property area 65.2 sq.m

The average price of Saitama-Shi Chuo-Ku Apartment, in 2020 was 482,437 JPY/sq.m. The market value represents a decrease of 4,299 JPY (-0.9%) compared to 1 year ago and a transition to a slight market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 9.7 min in 2019 and 8.1 min in 2020; -16.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.7% of total transactions in 2019 and 36.4% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 35.1% of total transactions in 2019 and 39.6% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.3% of total transactions in 2019 and 1.9% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chuo-Ku were calculated using data on the sales of 1,035 properties provided by the MLIT Japan.

Chuo-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八王子9,610,000 JPY168,470 JPY/sq.m10 件
上峰11,039,216 JPY229,838 JPY/sq.m51 件
上落合34,835,156 JPY526,496 JPY/sq.m454 件
下落合31,222,222 JPY524,703 JPY/sq.m60 件
円阿弥26,076,923 JPY348,998 JPY/sq.m26 件
大字下落合30,780,488 JPY519,193 JPY/sq.m41 件
大戸40,590,909 JPY580,686 JPY/sq.m41 件
新中里24,612,500 JPY360,532 JPY/sq.m56 件
本町東26,061,842 JPY365,333 JPY/sq.m76 件
本町西31,255,000 JPY419,850 JPY/sq.m61 件
桜丘12,666,667 JPY203,073 JPY/sq.m12 件
鈴谷21,100,000 JPY310,072 JPY/sq.m147 件

Chuo-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 New659,327 JPY/sq.m100 %
Residual Value (10 Years)554,300 JPY/sq.m84 %
Residual Value (20 Years)457,328 JPY/sq.m69 %
Residual Value (20 Years)368,409 JPY/sq.m56 %
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 Chuo-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 Chuo-Ku 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. Saitama Saitama-Shi Chuo-Ku 新中里 (Saitama-Shi Yonohonnmachi 10.0 min walk)
16.8 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-12-01 00:00:00

Trading price:   31,000,000 JPY,    Unit price:   387,500 JPY/sq.m

2. Saitama Saitama-Shi Chuo-Ku 下落合 (Saitama-Shi Yono 10.0 min walk)
16.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   34,000,000 JPY,    Unit price:   485,714 JPY/sq.m

3. Saitama Saitama-Shi Chuo-Ku 上落合 (Saitama-Shi Kitayono 8.0 min walk)
16.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-03-01 00:00:00

Trading price:   37,000,000 JPY,    Unit price:   569,231 JPY/sq.m

4. Saitama Saitama-Shi Chuo-Ku 鈴谷 (Saitama-Shi Minamiyono 9.0 min walk)
15.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   328,571 JPY/sq.m

5. Saitama Saitama-Shi Chuo-Ku 大戸 (Saitama-Shi Kitaurawa 8.0 min walk)
18.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   33,000,000 JPY,    Unit price:   412,500 JPY/sq.m

6. Saitama Saitama-Shi Chuo-Ku 新中里 (Saitama-Shi Yonohonnmachi 10.0 min walk)
14.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-09-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   415,385 JPY/sq.m

7. Saitama Saitama-Shi Chuo-Ku 新中里 (Saitama-Shi Kitayono 10.0 min walk)
14.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-06-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   371,429 JPY/sq.m

8. Saitama Saitama-Shi Chuo-Ku 下落合 (Saitama-Shi Yono 10.0 min walk)
19.0 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:   29,000,000 JPY,    Unit price:   483,333 JPY/sq.m

9. Saitama Saitama-Shi Chuo-Ku 下落合 (Saitama-Shi Yonohonnmachi 8.0 min walk)
14.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   433,333 JPY/sq.m

10. Saitama Saitama-Shi Chuo-Ku 下落合 (Saitama-Shi Yono 10.0 min walk)
13.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

Trading price:   26,000,000 JPY,    Unit price:   371,429 JPY/sq.m

11. Saitama Saitama-Shi Chuo-Ku 上落合 (Saitama-Shi Kitayono 9.0 min walk)
13.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-09-01 00:00:00

Trading price:   45,000,000 JPY,    Unit price:   642,857 JPY/sq.m

12. Saitama Saitama-Shi Chuo-Ku 新中里 (Saitama-Shi Yono 9.0 min walk)
13.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01 00:00:00

Trading price:   35,000,000 JPY,    Unit price:   500,000 JPY/sq.m

13. Saitama Saitama-Shi Chuo-Ku 下落合 (Saitama-Shi Yono 10.0 min walk)
13.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-06-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   383,333 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 locations relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 9.7 min in 2019 and 8.1 min in 2020; -16.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.7% of total transactions in 2019 and 36.4% of total transactions in 2020)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 35.1% of total transactions in 2019 and 39.6% of total transactions in 2020)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.3% of total transactions in 2019 and 1.9% of total transactions in 2020)
The table below shows Apartment dealt in Saitama-Shi Chuo-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 Chuo-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
Saitama-Shi Omiya-Ku (1,283) [Area]28,000,000483,333 JPY/sq.m17.3 yrs11 min65 sq.m
Omiya-Ku 高鼻町 (18) [Area]33,500,000446,666 JPY/sq.m16.3 yrs9 min72 sq.m
Minami-Ku 鹿手袋 (161) [Area]31,500,000446,154 JPY/sq.m19.6 yrs8 min67 sq.m
Urawa-Ku 東岸町 (37) [Area]30,000,000506,667 JPY/sq.m15.0 yrs8 min65 sq.m