Yamagata-Shi Apartment average value

Price 242,713 JPY/sq.m
- Age 19.9 years old
- Dist. from Sta. 18.6 min walk
- Property area 64.7 sq.m

The average price of Yamagata Yamagata-Shi Apartment, in 2020 was 215,387 JPY/sq.m. The market value represents a decrease of 24,136 JPY (-10.1%) 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.

Causes of price decreases

  • An increase in average age of the building (representing 20.7 years old in 2019 and 22.9 years old in 2020; +10.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 70.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Yamagata-Shi were calculated using data on the sales of 477 properties provided by the MLIT Japan.

Yamagata-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三日町16,772,727 JPY233,594 JPY/sq.m11 件
六日町19,000,000 JPY254,542 JPY/sq.m10 件
七日町27,700,000 JPY447,872 JPY/sq.m10 件
八日町14,373,171 JPY210,622 JPY/sq.m42 件
十日町16,127,273 JPY256,365 JPY/sq.m67 件
あこや町15,928,571 JPY238,044 JPY/sq.m7 件
上町19,000,000 JPY253,333 JPY/sq.m1 件
久保田18,000,000 JPY264,103 JPY/sq.m3 件
北町18,000,000 JPY252,289 JPY/sq.m3 件
南一番町16,400,000 JPY237,128 JPY/sq.m5 件
南二番町14,300,000 JPY201,538 JPY/sq.m10 件
南栄町16,333,333 JPY171,930 JPY/sq.m3 件
双葉町22,029,200 JPY327,710 JPY/sq.m25 件
城西町10,250,000 JPY186,364 JPY/sq.m2 件
小白川町14,386,364 JPY216,869 JPY/sq.m22 件
小荷駄町25,000,000 JPY312,500 JPY/sq.m2 件
旅篭町32,500,000 JPY382,353 JPY/sq.m2 件
木の実町12,178,571 JPY179,405 JPY/sq.m28 件
本町8,500,000 JPY177,820 JPY/sq.m22 件
東原町4,750,000 JPY104,652 JPY/sq.m10 件
東山形9,460,000 JPY133,518 JPY/sq.m5 件
松波11,843,478 JPY172,266 JPY/sq.m23 件
桜田東10,710,714 JPY162,691 JPY/sq.m28 件
桜町22,421,053 JPY314,723 JPY/sq.m19 件
深町18,400,000 JPY193,684 JPY/sq.m5 件
清住町20,000,000 JPY304,212 JPY/sq.m5 件
白山9,120,000 JPY128,732 JPY/sq.m5 件
相生町8,412,500 JPY160,197 JPY/sq.m16 件
緑町9,257,143 JPY166,401 JPY/sq.m7 件
美畑町18,750,000 JPY288,462 JPY/sq.m4 件
若宮22,550,000 JPY294,338 JPY/sq.m20 件
荒楯町10,000,000 JPY166,666 JPY/sq.m2 件
鈴川町20,750,000 JPY240,000 JPY/sq.m4 件
鉄砲町18,600,000 JPY278,359 JPY/sq.m5 件
銅町9,864,706 JPY164,705 JPY/sq.m17 件
香澄町4,766,667 JPY101,623 JPY/sq.m6 件
馬見ケ崎17,625,000 JPY238,964 JPY/sq.m8 件
高堂18,459,231 JPY240,181 JPY/sq.m13 件

Yamagata-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 New557,654 JPY/sq.m100 %
Residual Value (10 Years)359,534 JPY/sq.m64 %
Residual Value (20 Years)223,757 JPY/sq.m40 %
Residual Value (20 Years)150,324 JPY/sq.m27 %
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 Yamagata-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 Yamagata-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. Yamagata Yamagata-Shi 六日町 (Yamagata-Shi Kitayamagata 19.0 min walk)
19.0 years old , Area: 75.0 sq.m , Total floor area: sq.m
- Trading date: 2019-03-01 00:00:00

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

2. Yamagata Yamagata-Shi 本町 (Yamagata-Shi Yamagata 17.0 min walk)
17.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-06-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   290,909 JPY/sq.m

3. Yamagata Yamagata-Shi 銅町 (Yamagata-Shi Kitayamagata 18.0 min walk)
19.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2010-12-01 00:00:00

Trading price:   5,700,000 JPY,    Unit price:   87,692 JPY/sq.m

4. Yamagata Yamagata-Shi 銅町 (Yamagata-Shi Kitayamagata 19.0 min walk)
19.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

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

5. Yamagata Yamagata-Shi 六日町 (Yamagata-Shi Kitayamagata 20.0 min walk)
18.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   253,333 JPY/sq.m

6. Yamagata Yamagata-Shi 鉄砲町 (Yamagata-Shi Yamagata 20.0 min walk)
17.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK
- Trading date: 2019-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

7. Yamagata Yamagata-Shi 三日町 (Yamagata-Shi Yamagata 18.0 min walk)
16.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   246,154 JPY/sq.m

8. Yamagata Yamagata-Shi 銅町 (Yamagata-Shi Kitayamagata 21.0 min walk)
18.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2018-03-01 00:00:00

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

9. Yamagata Yamagata-Shi 美畑町 (Yamagata-Shi Yamagata 18.0 min walk)
15.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

10. Yamagata Yamagata-Shi 美畑町 (Yamagata-Shi Yamagata 18.0 min walk)
15.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

11. Yamagata Yamagata-Shi 三日町 (Yamagata-Shi Yamagata 15.0 min walk)
19.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2019-12-01 00:00:00

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

12. Yamagata Yamagata-Shi 六日町 (Yamagata-Shi Kitayamagata 21.0 min walk)
15.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-12-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   266,667 JPY/sq.m

13. Yamagata Yamagata-Shi 東原町 (Yamagata-Shi Yamagata 21.0 min walk)
20.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   109,091 JPY/sq.m

14. Yamagata Yamagata-Shi 久保田 (Yamagata-Shi Yamagata 16.0 min walk)
15.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   242,857 JPY/sq.m

15. Yamagata Yamagata-Shi 城西町 (Yamagata-Shi Yamagata 15.0 min walk)
21.0 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   218,182 JPY/sq.m

16. Yamagata Yamagata-Shi 城西町 (Yamagata-Shi Yamagata 15.0 min walk)
21.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   154,545 JPY/sq.m

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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.

Causes of price decreases

  • An increase in average age of the building (representing 20.7 years old in 2019 and 22.9 years old in 2020; +10.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 70.0% of total transactions in 2020)
The table below shows Apartment dealt in Yamagata Yamagata-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 Yamagata-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-Shi 八日町 (42) [Area]16,000,000246,154 JPY/sq.m16.0 yrs12 min65 sq.m
Yamagata-Shi 南一番町 (5) [Area]16,000,000246,154 JPY/sq.m13.3 yrs24 min65 sq.m
Yamagata-Shi 三日町 (11) [Area]18,000,000237,500 JPY/sq.m16.0 yrs16 min80 sq.m
Yamagata-Shi 馬見ケ崎 (8) [Area]17,500,000235,384 JPY/sq.m18.3 yrs22 min75 sq.m
Yamagata-Shi 六日町 (10) [Area]18,000,000251,666 JPY/sq.m14.1 yrs21 min75 sq.m
JR JR Senzan line (5) [Stations]17,000,000240,000 JPY/sq.m18.1 yrs21 min75 sq.m
JR Senzan line Uzennchitose (5) [Stations]17,000,000240,000 JPY/sq.m18.1 yrs21 min75 sq.m
JR Ou Main Line Uzennchitose (5) [Stations]17,000,000240,000 JPY/sq.m18.3 yrs21 min75 sq.m
Shinkansen (424) [Stations]16,000,000238,182 JPY/sq.m18.8 yrs18 min65 sq.m
JR Ou Main Line Yamagata (424) [Stations]16,000,000238,182 JPY/sq.m18.8 yrs18 min65 sq.m