Hofu-Shi Apartment average value
Price 13,636,066 JPY
- Age 11.5 years old
- Dist. from Sta. 9.0 min walk
- Property area 71.2 sq.m
The average price of a sq.m Apartment of Yamaguchi Hofu-Shi, in 2016 was 193,443 JPY/sq.m. The market value represents a decrease of 112,235 JPY (-36.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 6 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 13.3 years old (a +146.5% increase compared to the 5.4 years old of last year.). The average size of the real estate was 71.5 sq.m (a -4.7% decrease compared to the 75.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station.
Causes of price decreases
- A dramatic increase in average age of the building (representing 5.4 years old in 2015 and 13.3 years old in 2016; +146.5%)
- A dramatic increase in average distance from the station (representing 5.8 min in 2015 and 11.1 min in 2016; +93.0%)
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 30.0% of total transactions in 2016)
Hofu-Shi Apartment market value list
|Area||Average Trading Price||Average Unit Price|
|八王子||16,847,059 JPY||229,141 JPY/sq.m|
|車塚町||10,836,364 JPY||138,822 JPY/sq.m|
|高倉||5,287,500 JPY||90,619 JPY/sq.m|
|駅南町||18,500,000 JPY||247,869 JPY/sq.m|
|緑町||17,000,000 JPY||226,363 JPY/sq.m|
|上天神町||12,960,000 JPY||176,571 JPY/sq.m|