Nishi-Ku Apartment average value

Price 10,985,366 JPY
  (147,539 JPY/sq.m)
- Age 29.9 years old
- Dist. from Sta. 18.5 min walk
- Property area 72.3 sq.m

The average price of a sq.m Apartment of Saitama-Shi Nishi-Ku, in 2017 was 137,466 JPY/sq.m. The market value represents a decrease of 48,017 JPY (-25.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 9 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 37.6 years old (a +39.1% increase compared to the 27.1 years old of last year.). The average size of the real estate was 52.5 sq.m (a -40.6% decrease compared to the 88.3 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.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2016 and 40.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 27.1 years old in 2016 and 37.6 years old in 2017; +39.1%)
  • A dramatic increase in average distance from the station (representing 14.2 min in 2016 and 24.5 min in 2017; +72.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 21.4% of total transactions in 2016 and 60.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 265 properties provided by the MLIT Japan.

Nishi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price
大字植田谷本3,900,000 JPY79,873 JPY/sq.m
大字指扇12,768,182 JPY199,296 JPY/sq.m
大字指扇領別所11,041,860 JPY167,144 JPY/sq.m
三橋15,634,375 JPY190,044 JPY/sq.m
大字西遊馬8,942,105 JPY173,384 JPY/sq.m
大字宝来11,976,471 JPY203,626 JPY/sq.m
大字峰岸10,347,059 JPY153,446 JPY/sq.m
大字高木23,821,429 JPY135,064 JPY/sq.m
宮前町12,725,000 JPY193,022 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.)
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AgeTrading PriceProportion
Price at New356,197 JPY/sq.m100 %
Residual Value (10 Years)270,474 JPY/sq.m76 %
Residual Value (20 Years)199,185 JPY/sq.m56 %
Residual Value (20 Years)142,330 JPY/sq.m40 %
Color:

Unit:
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




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Calculate Nishi-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 Saitama-Shi Nishi-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.

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Trading data in Nishi-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.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2016 and 40.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 27.1 years old in 2016 and 37.6 years old in 2017; +39.1%)
  • A dramatic increase in average distance from the station (representing 14.2 min in 2016 and 24.5 min in 2017; +72.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 21.4% of total transactions in 2016 and 60.0% of total transactions in 2017)
The table below shows Apartment dealt in Saitama-Shi Nishi-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 Nishi-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
Minuma-Ku 大字新堤 (28) [Area]11,000,000154,19527.3 yrs14 min65 sq.m
Nishi-Ku 大字指扇領別所 (43) [Area]11,000,000157,14225.0 yrs14 min65 sq.m
Saitama-Shi Minuma-Ku (509) [Area]12,000,000171,42822.3 yrs13 min65 sq.m
Chuo-Ku 桜丘 (4) [Area]12,000,000184,61520.8 yrs19 min65 sq.m
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