Wakayama Apartment average value

Price 203,501 JPY/sq.m
- Age 19.5 years old
- Dist. from Sta. 16.9 min walk
- Property area 63.5 sq.m
The market price of Wakayama Apartment is 203,501 JPY/sq.m, and the median price is 169,230 JPY/sq.m.

The average unit price of Apartment in 2019 was increased +7.8% (+17,524JPY/sq.m) compared with 2018.

Data regarding the market value and its changes were calculated using data on the sales of 658 properties provided by the MLIT, Japan.

Wakayama Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Wakayama-Shi13,458,282 JPY203,501 JPY/sq.m658 件
StationsAverage Trading PriceAverage Unit Price#
JR14,363,636 JPY216,013 JPY/sq.m583 件
・和歌山線17,204,167 JPY260,239 JPY/sq.m226 件
・紀勢本線15,295,349 JPY229,008 JPY/sq.m511 件
・阪和線17,656,250 JPY265,666 JPY/sq.m240 件
Nankai10,940,984 JPY166,018 JPY/sq.m209 件
・加太線10,986,667 JPY166,833 JPY/sq.m207 件
・和歌山港線12,439,130 JPY186,177 JPY/sq.m154 件
・本線11,270,370 JPY170,664 JPY/sq.m176 件
Other18,500,000 JPY278,858 JPY/sq.m215 件
・わかやま電鉄貴志川線18,500,000 JPY278,858 JPY/sq.m215 件

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 New437,346 JPY/sq.m100 %
Residual Value (10 Years)296,840 JPY/sq.m68 %
Residual Value (20 Years)184,137 JPY/sq.m42 %
Residual Value (20 Years)99,235 JPY/sq.m23 %
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 Wakayama 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 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. Wakayama Wakayama-Shi 十番丁 (Wakayama-Shi Wakayamashi 16.0 min walk)
19.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   183,333 JPY/sq.m

2. Wakayama Wakayama-Shi 広瀬中ノ丁 (Wakayama-Shi Tanakaguchi 16.0 min walk)
20.2 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-03-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   138,461 JPY/sq.m

3. Wakayama Wakayama-Shi 畑屋敷 (Wakayama-Shi Wakayama 16.0 min walk)
20.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   130,000 JPY/sq.m

4. Wakayama Wakayama-Shi 中之島 (Wakayama-Shi Kiwa 14.0 min walk)
20.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2DK , Structure: RC
- Trading date: 2008-09-01 00:00:00

Trading price:   6,800,000 JPY,    Unit price:   113,333 JPY/sq.m

5. Wakayama Wakayama-Shi 三木町 (Wakayama-Shi Wakayamashi 16.0 min walk)
20.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-12-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   138,461 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

The table below shows Apartment dealt in Wakayama, 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

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
伊丹市 美鈴町 (4) [Area]12,500,000203,896 JPY/sq.m16.9 yrs16 min65 sq.m
千葉市 Inage-Ku (1,290) [Area]14,000,000204,000 JPY/sq.m22.6 yrs20 min70 sq.m
松山市 枝松 (12) [Area]14,500,000205,882 JPY/sq.m22.5 yrs15 min75 sq.m
福山市 道三町 (6) [Area]13,500,000201,098 JPY/sq.m21.1 yrs13 min70 sq.m
Fukuyama-Shi 西桜町 (10) [Area]14,000,000206,250 JPY/sq.m16.0 yrs15 min70 sq.m
JR (535) [Stations]13,000,000202,857 JPY/sq.m19.0 yrs19 min65 sq.m
JR (583) [Stations]12,000,000200,000 JPY/sq.m17.5 yrs16 min65 sq.m
Other (216) [Stations]12,000,000200,000 JPY/sq.m19.8 yrs19 min65 sq.m
Other Ainokaze Toyama Railway (153) [Stations]13,000,000200,000 JPY/sq.m19.1 yrs19 min65 sq.m
JR (931) [Stations]15,000,000200,000 JPY/sq.m18.0 yrs16 min75 sq.m