Tsuruoka-Shi Apartment average value

Price 229,054 JPY/sq.m
- Age 13.2 years old
- Dist. from Sta. 14.4 min walk
- Property area 68.3 sq.m

The average price of Yamagata Tsuruoka-Shi Apartment, in 2020 was 226,667 JPY/sq.m. The market value represents a decrease of 9,697 JPY (-4.1%) compared to 1 year ago and a transition to a some market.

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 14.0 min in 2019 and 11.3 min in 2020; -19.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.0 years old in 2019 and 22.2 years old in 2020; +38.6%)
Data regarding the market value and its changes of Apartment in Tsuruoka-Shi were calculated using data on the sales of 30 properties provided by the MLIT Japan.

Tsuruoka-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上畑町14,142,857 JPY226,401 JPY/sq.m7 件
本町12,160,000 JPY169,405 JPY/sq.m10 件
由良10,000,000 JPY74,074 JPY/sq.m1 件
錦町18,750,000 JPY293,223 JPY/sq.m12 件

Tsuruoka-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 New258,586 JPY/sq.m100 %
Residual Value (10 Years)263,791 JPY/sq.m102 %
Residual Value (20 Years)209,565 JPY/sq.m81 %
Residual Value (20 Years)95,908 JPY/sq.m37 %
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 Tsuruoka-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 Tsuruoka-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. Yamagata Tsuruoka-Shi 上畑町 (Tsuruoka-Shi Tsuruoka 16.0 min walk)
10.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-03-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   214,286 JPY/sq.m

2. Yamagata Tsuruoka-Shi 上畑町 (Tsuruoka-Shi Tsuruoka 14.0 min walk)
11.5 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2014-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   236,364 JPY/sq.m

3. Yamagata Tsuruoka-Shi 上畑町 (Tsuruoka-Shi Tsuruoka 16.0 min walk)
9.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2012-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   236,364 JPY/sq.m

4. Yamagata Tsuruoka-Shi 上畑町 (Tsuruoka-Shi Tsuruoka 14.0 min walk)
8.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   171,429 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 decrease in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 14.0 min in 2019 and 11.3 min in 2020; -19.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.0 years old in 2019 and 22.2 years old in 2020; +38.6%)
The table below shows Apartment dealt in Yamagata Tsuruoka-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 Tsuruoka-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
Yamagata (537) [Area]15,000,000230,769 JPY/sq.m18.1 yrs18 min65 sq.m
Yamagata-Shi (477) [Area]16,000,000232,051 JPY/sq.m18.3 yrs18 min65 sq.m
Tsuruoka-Shi 上畑町 (7) [Area]13,000,000236,364 JPY/sq.m10.0 yrs16 min60 sq.m
Yamagata-Shi 三日町 (11) [Area]18,000,000237,500 JPY/sq.m16.0 yrs16 min80 sq.m
Yamagata-Shi 八日町 (42) [Area]16,000,000246,154 JPY/sq.m16.0 yrs12 min65 sq.m
JR (537) [Stations]15,000,000230,769 JPY/sq.m18.1 yrs18 min65 sq.m
JR JR Ou Main Line (477) [Stations]16,000,000232,051 JPY/sq.m18.3 yrs18 min65 sq.m
JR Uetsu Main Line Tsuruoka (29) [Stations]16,000,000257,143 JPY/sq.m10.4 yrs14 min65 sq.m