Wakayama-Shi Apartment average value

Price 208,026 JPY/sq.m
- Age 20.3 years old
- Dist. from Sta. 18.8 min walk
- Property area 64.4 sq.m

The average price of Wakayama Wakayama-Shi Apartment, in 2020 was 180,419 JPY/sq.m. The market value represents a decrease of 32,923 JPY (-15.4%) compared to 1 year ago and a transition to a weak market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2019 and 11.8% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 20.4 years old in 2019 and 23.3 years old in 2020; +14.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 47.3% of total transactions in 2019 and 59.3% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Wakayama-Shi were calculated using data on the sales of 834 properties provided by the MLIT Japan.

Wakayama-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三木町7,600,000 JPY139,334 JPY/sq.m24 件
三番丁25,000,000 JPY312,500 JPY/sq.m2 件
九番丁7,000,000 JPY134,000 JPY/sq.m4 件
十番丁7,382,353 JPY145,984 JPY/sq.m17 件
十二番丁7,816,667 JPY152,401 JPY/sq.m12 件
六十谷4,576,923 JPY67,128 JPY/sq.m13 件
上三毛2,648,000 JPY43,159 JPY/sq.m5 件
下町5,460,000 JPY122,462 JPY/sq.m5 件
中之島16,091,228 JPY235,511 JPY/sq.m57 件
中島6,033,333 JPY100,555 JPY/sq.m3 件
伝法橋南ノ丁20,800,000 JPY293,177 JPY/sq.m15 件
元寺町10,833,333 JPY151,037 JPY/sq.m3 件
元町奉行丁7,775,000 JPY123,782 JPY/sq.m4 件
内原7,766,667 JPY124,637 JPY/sq.m6 件
北島4,500,000 JPY73,932 JPY/sq.m3 件
北野6,406,250 JPY102,165 JPY/sq.m16 件
南材木丁12,425,000 JPY200,952 JPY/sq.m4 件
友田町21,481,482 JPY318,699 JPY/sq.m27 件
吉田17,750,000 JPY249,485 JPY/sq.m12 件
吉礼4,800,000 JPY73,846 JPY/sq.m1 件
3,650,000 JPY66,364 JPY/sq.m2 件
吹上22,135,000 JPY271,315 JPY/sq.m20 件
吹屋町8,525,000 JPY135,272 JPY/sq.m8 件
和歌川町7,000,000 JPY116,666 JPY/sq.m2 件
和歌浦南4,562,500 JPY80,512 JPY/sq.m4 件
和歌浦東8,100,000 JPY115,714 JPY/sq.m4 件
園部6,300,000 JPY100,962 JPY/sq.m4 件
土佐町20,000,000 JPY307,692 JPY/sq.m1 件
堀止東20,000,000 JPY285,823 JPY/sq.m3 件
塩屋9,260,000 JPY136,375 JPY/sq.m5 件
太田19,206,250 JPY269,068 JPY/sq.m16 件
宇須7,650,000 JPY127,500 JPY/sq.m6 件
小松原通20,263,158 JPY291,576 JPY/sq.m19 件
屋形町21,000,000 JPY300,000 JPY/sq.m1 件
岩橋5,914,286 JPY84,490 JPY/sq.m7 件
市小路5,446,667 JPY97,582 JPY/sq.m15 件
布施屋4,887,500 JPY89,561 JPY/sq.m24 件
広瀬中ノ丁10,333,333 JPY154,579 JPY/sq.m3 件
延時13,500,000 JPY192,857 JPY/sq.m4 件
弁財天丁20,333,333 JPY277,143 JPY/sq.m3 件
新中島6,466,667 JPY93,572 JPY/sq.m6 件
新中通16,000,000 JPY225,137 JPY/sq.m10 件
新和歌浦26,250,000 JPY315,095 JPY/sq.m4 件
新在家6,975,000 JPY113,750 JPY/sq.m4 件
新通13,750,000 JPY193,640 JPY/sq.m4 件
有本5,816,667 JPY104,848 JPY/sq.m6 件
本町22,000,000 JPY303,846 JPY/sq.m2 件
東紺屋町9,950,000 JPY199,000 JPY/sq.m4 件
東高松7,400,000 JPY146,226 JPY/sq.m11 件
松江北7,650,000 JPY117,692 JPY/sq.m2 件
栄谷2,580,000 JPY100,000 JPY/sq.m5 件
榎原6,520,000 JPY111,732 JPY/sq.m5 件
毛見14,946,154 JPY234,328 JPY/sq.m148 件
湊御殿11,875,000 JPY182,692 JPY/sq.m4 件
湊本町13,375,000 JPY185,441 JPY/sq.m16 件
湊通丁南6,540,000 JPY104,581 JPY/sq.m15 件
狐島7,028,571 JPY112,242 JPY/sq.m14 件
田中町19,266,667 JPY276,968 JPY/sq.m24 件
田尻6,966,667 JPY101,270 JPY/sq.m9 件
畑屋敷7,500,000 JPY137,000 JPY/sq.m2 件
秋葉町18,500,000 JPY246,428 JPY/sq.m2 件
6,500,000 JPY98,575 JPY/sq.m3 件
美園町25,843,750 JPY367,507 JPY/sq.m32 件
舟津町7,727,778 JPY127,928 JPY/sq.m18 件
西小二里7,466,667 JPY114,872 JPY/sq.m3 件
西庄6,390,833 JPY96,094 JPY/sq.m12 件
西浜11,264,286 JPY142,424 JPY/sq.m14 件
西釘貫丁5,900,000 JPY107,273 JPY/sq.m1 件
西高松23,666,667 JPY313,743 JPY/sq.m18 件
野崎3,900,000 JPY65,000 JPY/sq.m2 件
関戸8,345,454 JPY139,495 JPY/sq.m11 件
雑賀屋町19,000,000 JPY271,429 JPY/sq.m1 件
雑賀崎4,500,000 JPY71,026 JPY/sq.m3 件
鳴神6,663,636 JPY116,664 JPY/sq.m11 件
黒田18,454,546 JPY267,680 JPY/sq.m22 件

Wakayama-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 New472,526 JPY/sq.m100 %
Residual Value (10 Years)326,604 JPY/sq.m69 %
Residual Value (20 Years)208,490 JPY/sq.m44 %
Residual Value (20 Years)118,183 JPY/sq.m25 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Wakayama-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 Wakayama-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. Wakayama Wakayama-Shi 狐島 (Wakayama-Shi Higashimatsue 19.0 min walk)
18.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-09-01 00:00:00

Trading price:   6,200,000 JPY,    Unit price:   103,333 JPY/sq.m

2. Wakayama Wakayama-Shi 吹上 (Wakayama-Shi Wakayamashi 18.0 min walk)
20.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Wakayama Wakayama-Shi 十番丁 (Wakayama-Shi Wakayama 18.0 min walk)
17.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2008-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

4. Wakayama Wakayama-Shi 十番丁 (Wakayama-Shi Wakayama 18.0 min walk)
20.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

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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

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 old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2019 and 11.8% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 20.4 years old in 2019 and 23.3 years old in 2020; +14.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 47.3% of total transactions in 2019 and 59.3% of total transactions in 2020)
The table below shows Apartment dealt in Wakayama Wakayama-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 Wakayama-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
Wakayama-Shi 南材木丁 (4) [Area]13,250,000208,334 JPY/sq.m20.4 yrs16 min60 sq.m
Wakayama (834) [Area]11,500,000200,000 JPY/sq.m18.9 yrs18 min65 sq.m
Wakayama-Shi 東紺屋町 (4) [Area]9,750,000195,000 JPY/sq.m25.0 yrs17 min50 sq.m
Wakayama-Shi 新通 (4) [Area]14,500,000191,666 JPY/sq.m19.1 yrs12 min67 sq.m
JR (744) [Stations]13,000,000214,836 JPY/sq.m18.0 yrs19 min65 sq.m
JR JR Kisei Main Line (654) [Stations]15,000,000241,428 JPY/sq.m16.8 yrs22 min65 sq.m
JR Kisei Main Line Wakayamashi (197) [Stations]8,250,000134,666 JPY/sq.m17.0 yrs20 min65 sq.m
Nankai Kada Line Wakayamashi (197) [Stations]8,250,000134,666 JPY/sq.m17.0 yrs20 min65 sq.m
Nankai Wakayamako Line Wakayamashi (197) [Stations]8,250,000134,666 JPY/sq.m17.0 yrs20 min65 sq.m