Izumo-Shi Apartment average value

Price 246,228 JPY/sq.m
- Age 17.1 years old
- Dist. from Sta. 13.4 min walk
- Property area 72.3 sq.m

The average price of Shimane Izumo-Shi Apartment, in 2018 was 369,872 JPY/sq.m. The market value represents an increase of 29,945 JPY (+8.8%) 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

  • An decrease in average age of the building (representing 6.6 years old in 2017 and 5.5 years old in 2018; -16.5%)
  • An decrease in average distance from the station (representing 16.0 min in 2017 and 14.0 min in 2018; -12.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2017 and 50.0% of total transactions in 2018)
Data regarding the market value and its changes of Apartment in Izumo-Shi were calculated using data on the sales of 30 properties provided by the MLIT Japan.

Izumo-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
中野美保北14,600,000 JPY196,726 JPY/sq.m4 件
今市町19,937,500 JPY277,846 JPY/sq.m16 件
今市町北本町19,750,000 JPY286,565 JPY/sq.m12 件
大津朝倉36,000,000 JPY400,000 JPY/sq.m1 件
小山町17,000,000 JPY233,333 JPY/sq.m3 件
斐川町富村6,500,000 JPY92,857 JPY/sq.m1 件
駅南町12,900,000 JPY192,308 JPY/sq.m5 件

Izumo-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 New320,618 JPY/sq.m100 %
Residual Value (10 Years)274,270 JPY/sq.m86 %
Residual Value (20 Years)226,030 JPY/sq.m70 %
Residual Value (20 Years)175,901 JPY/sq.m55 %
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 Izumo-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 Izumo-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. Shimane Izumo-Shi 駅南町 (Izumo-Shi Izumoshi 4.0 min walk)
18.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

2. Shimane Izumo-Shi 斐川町富村 (Izumo-Shi Naoe 9.0 min walk)
23.8 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:   6,500,000 JPY,    Unit price:   92,857 JPY/sq.m

3. Shimane Izumo-Shi 今市町北本町 (Izumo-Shi Izumoshi 12.0 min walk)
11.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2020-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   285,714 JPY/sq.m

4. Shimane Izumo-Shi 今市町北本町 (Izumo-Shi Izumoshi 12.0 min walk)
9.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2018-09-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   323,077 JPY/sq.m

5. Shimane Izumo-Shi 駅南町 (Izumo-Shi Izumoshi 3.0 min walk)
12.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2014-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

6. Shimane Izumo-Shi 今市町北本町 (Izumo-Shi Izumoshi 11.0 min walk)
8.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m

7. Shimane Izumo-Shi 駅南町 (Izumo-Shi Izumoshi 4.0 min walk)
10.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

8. Shimane Izumo-Shi 今市町北本町 (Izumo-Shi Izumoshi 12.0 min walk)
8.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   24,000,000 JPY,    Unit price:   342,857 JPY/sq.m

9. Shimane Izumo-Shi 今市町 (Izumo-Shi Izumoshi 4.0 min walk)
8.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

10. Shimane Izumo-Shi 今市町北本町 (Izumo-Shi Izumoshi 11.0 min walk)
7.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   21,000,000 JPY,    Unit price:   262,500 JPY/sq.m

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- 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

  • An decrease in average age of the building (representing 6.6 years old in 2017 and 5.5 years old in 2018; -16.5%)
  • An decrease in average distance from the station (representing 16.0 min in 2017 and 14.0 min in 2018; -12.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2017 and 50.0% of total transactions in 2018)
The table below shows Apartment dealt in Shimane Izumo-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 Izumo-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
Matsue-Shi 上乃木 (4) [Area]23,000,000270,588 JPY/sq.m18.3 yrs14 min85 sq.m
Izumo-Shi 今市町 (16) [Area]20,500,000274,176 JPY/sq.m17.8 yrs11 min70 sq.m
Izumo-Shi 今市町北本町 (12) [Area]19,500,000281,318 JPY/sq.m17.8 yrs11 min67 sq.m
Ichibata Electric Railway (21) [Stations]18,000,000242,105 JPY/sq.m10.3 yrs13 min80 sq.m
Ichibata Electric Railway Ichibata Electric Railway Kitamatsue Line (21) [Stations]18,000,000242,105 JPY/sq.m10.3 yrs13 min80 sq.m
Ichibata Electric Railway Kitamatsue Line Matsueshinnjikoonnsenn (21) [Stations]18,000,000242,105 JPY/sq.m10.3 yrs13 min80 sq.m
JR San-in Main Line Izumoshi (28) [Stations]17,000,000239,744 JPY/sq.m18.1 yrs11 min70 sq.m
JR San-in Main Line Tamatsukurionnsenn (2) [Stations]8,900,000152,616 JPY/sq.m18.1 yrs13 min57 sq.m