Hofu-Shi Apartment average value

Price 13,636,066 JPY
  (186,702 JPY/sq.m)
- 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)
Data regarding the market value and its changes of Apartment in Hofu-Shi were calculated using data on the sales of 61 properties provided by the MLIT Japan.

Hofu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price
八王子16,847,059 JPY229,141 JPY/sq.m
車塚町10,836,364 JPY138,822 JPY/sq.m
高倉5,287,500 JPY90,619 JPY/sq.m
駅南町18,500,000 JPY247,869 JPY/sq.m
緑町17,000,000 JPY226,363 JPY/sq.m
上天神町12,960,000 JPY176,571 JPY/sq.m
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Apartment value Age transition

Market values (unit price: sq.m, m2) 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.)
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AgeTrading PriceProportion
Price at New310,834 JPY/sq.m100 %
Residual Value (10 Years)190,022 JPY/sq.m61 %
Residual Value (20 Years)122,444 JPY/sq.m39 %
Residual Value (20 Years)108,098 JPY/sq.m35 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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




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Calculate Hofu-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 Yamaguchi Hofu-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.

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Trading data in Hofu-Shi

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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

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Apartment market value trends

Market value trends for Apartment are as follows.

Data:

Unit:

Breakdown of each segment

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)
The table below shows Apartment dealt in Yamaguchi Hofu-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:

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Area close to the price in Hofu-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
Yamaguchi-Shi 小郡大江町 (5) [Area]17,000,000200,00010.5 yrs9 min85 sq.m
Ube-Shi 上町 (14) [Area]15,000,000200,00012.3 yrs8 min75 sq.m
Ube-Shi 朝日町 (13) [Area]18,000,000200,00013.8 yrs8 min80 sq.m
JR Sanyo Main Line Houfu (61) [Stations]15,000,000189,47310.0 yrs8 min70 sq.m
JR Sanyo Main Line Shinnnannyou (24) [Stations]15,000,000200,00011.6 yrs8 min75 sq.m
JR JR Onoda Line (56) [Stations]15,000,000205,00012.6 yrs8 min75 sq.m
Sanyo Shinkansen Shin-Yamaguchi (53) [Stations]18,000,000211,76410.3 yrs8 min82 sq.m
JR Sanyo Main Line Shin-Yamaguchi (53) [Stations]18,000,000211,76410.3 yrs8 min82 sq.m
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