Iwakuni-Shi Apartment average value

Price 203,858 JPY/sq.m
- Age 21.9 years old
- Dist. from Sta. 7.1 min walk
- Property area 69.1 sq.m

The average price of Yamaguchi Iwakuni-Shi Apartment, in 2020 was 187,746 JPY/sq.m. The market value represents a decrease of 32,425 JPY (-14.7%) 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 locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2019 and 57.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2019 and 7.2 min in 2020; +20.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2019 and 12.5% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Iwakuni-Shi were calculated using data on the sales of 153 properties provided by the MLIT Japan.

Iwakuni-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三笠町11,000,000 JPY157,143 JPY/sq.m2 件
今津町20,181,818 JPY277,300 JPY/sq.m22 件
元町13,443,750 JPY198,767 JPY/sq.m16 件
山手町12,083,333 JPY157,242 JPY/sq.m6 件
昭和町17,666,667 JPY245,673 JPY/sq.m6 件
立石町13,666,667 JPY167,528 JPY/sq.m6 件
麻里布町13,534,783 JPY194,803 JPY/sq.m95 件

Iwakuni-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 New432,626 JPY/sq.m100 %
Residual Value (10 Years)306,895 JPY/sq.m71 %
Residual Value (20 Years)211,034 JPY/sq.m49 %
Residual Value (20 Years)145,043 JPY/sq.m34 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Iwakuni-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 Iwakuni-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. Yamaguchi Iwakuni-Shi 麻里布町 (Iwakuni-Shi Iwakuni 6.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   127,692 JPY/sq.m

2. Yamaguchi Iwakuni-Shi 麻里布町 (Iwakuni-Shi Iwakuni 6.0 min walk)
23.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   213,333 JPY/sq.m

3. Yamaguchi Iwakuni-Shi 麻里布町 (Iwakuni-Shi Iwakuni 6.0 min walk)
26.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-09-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   123,077 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 increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2019 and 57.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2019 and 7.2 min in 2020; +20.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2019 and 12.5% of total transactions in 2020)
The table below shows Apartment dealt in Yamaguchi Iwakuni-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 Iwakuni-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
Iwakuni-Shi 元町 (16) [Area]13,500,000213,575 JPY/sq.m18.5 yrs6 min65 sq.m
Ube-Shi (252) [Area]14,000,000186,058 JPY/sq.m18.5 yrs7 min75 sq.m
Iwakuni-Shi 麻里布町 (95) [Area]12,000,000185,714 JPY/sq.m25.8 yrs6 min70 sq.m
Ube-Shi 西琴芝 (7) [Area]18,000,000237,500 JPY/sq.m18.5 yrs7 min80 sq.m
JR Sanyo Main Line Iwakuni (152) [Stations]14,000,000215,000 JPY/sq.m24.5 yrs6 min70 sq.m
JR Gantoku Line Iwakuni (152) [Stations]14,000,000215,000 JPY/sq.m24.5 yrs6 min70 sq.m
JR JR Gantoku Line (169) [Stations]13,000,000185,714 JPY/sq.m24.5 yrs7 min65 sq.m