Wakayama 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 market price of Wakayama Apartment is 208,026 JPY/sq.m, and the median price is 200,000 JPY/sq.m.

The average unit price of Apartment in 2020 was decreased -11.2% (-23,868JPY/sq.m) compared with 2019.

Data regarding the market value and its changes were calculated using data on the sales of 834 properties provided by the MLIT, Japan.

Wakayama Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Wakayama-Shi13,881,713 JPY208,026 JPY/sq.m834 件
StationsAverage Trading PriceAverage Unit Price#
JR14,366,250 JPY214,948 JPY/sq.m744 件
・和歌山線17,164,179 JPY256,663 JPY/sq.m274 件
・紀勢本線15,621,944 JPY232,535 JPY/sq.m654 件
・阪和線16,609,722 JPY248,240 JPY/sq.m292 件
Nankai11,472,414 JPY170,757 JPY/sq.m263 件
・加太線11,503,571 JPY172,442 JPY/sq.m260 件
・和歌山港線12,278,000 JPY181,171 JPY/sq.m200 件
・本線12,062,000 JPY179,807 JPY/sq.m223 件
Other18,004,615 JPY269,123 JPY/sq.m262 件
・わかやま電鉄貴志川線18,004,615 JPY269,123 JPY/sq.m262 件

Wakayama 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 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 和歌山市 狐島 (N/A N/A 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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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
松山市 桑原 (8) [Area]14,000,000207,738 JPY/sq.m19.4 yrs21 min65 sq.m
和歌山市 南材木丁 (4) [Area]13,250,000208,334 JPY/sq.m20.4 yrs16 min60 sq.m
寝屋川市 豊里町 (48) [Area]13,500,000208,334 JPY/sq.m20.8 yrs16 min65 sq.m
大府市 長根町 (10) [Area]13,500,000207,692 JPY/sq.m20.4 yrs22 min65 sq.m
桜区 中島 (20) [Area]11,500,000207,143 JPY/sq.m18.5 yrs18 min55 sq.m
JR JR Takayama Main Line (834) [Stations]16,000,000205,263 JPY/sq.m19.8 yrs20 min75 sq.m
JR (2,357) [Stations]15,000,000210,818 JPY/sq.m23.8 yrs18 min70 sq.m
JR (1,214) [Stations]16,000,000211,765 JPY/sq.m20.3 yrs18 min75 sq.m
JR Sanyo Main Line Takashima (73) [Stations]15,000,000212,406 JPY/sq.m18.8 yrs18 min70 sq.m
JR JR Bantan Line (927) [Stations]14,000,000212,500 JPY/sq.m20.0 yrs21 min70 sq.m