Shunan-Shi Apartment average value

Price 171,451 JPY/sq.m
- Age 24.7 years old
- Dist. from Sta. 13.8 min walk
- Property area 65.8 sq.m

The average price of Yamaguchi Shunan-Shi Apartment, in 2020 was 179,658 JPY/sq.m. The market value represents a decrease of 307 JPY (-0.2%) compared to 1 year ago and a transition to a slight market.

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

Cause of price increases

  • An decrease in average age of the building (representing 25.8 years old in 2019 and 20.7 years old in 2020; -19.7%)

Causes of price decreases

  • An increase in average distance from the station (representing 16.2 min in 2019 and 18.3 min in 2020; +12.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2019 and 54.5% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Shunan-Shi were calculated using data on the sales of 419 properties provided by the MLIT Japan.

Shunan-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
三番町12,277,778 JPY181,190 JPY/sq.m9 件
五月町7,700,000 JPY110,257 JPY/sq.m3 件
千代田町15,714,286 JPY206,678 JPY/sq.m7 件
中央町16,428,571 JPY213,651 JPY/sq.m7 件
住崎町7,711,765 JPY109,837 JPY/sq.m17 件
入船町5,416,667 JPY89,515 JPY/sq.m6 件
南浦山町5,344,444 JPY81,481 JPY/sq.m9 件
古川町15,166,667 JPY188,922 JPY/sq.m6 件
周陽20,000,000 JPY307,692 JPY/sq.m1 件
大内町17,428,571 JPY237,640 JPY/sq.m7 件
大字徳山14,115,385 JPY185,076 JPY/sq.m26 件
岐山通21,166,667 JPY274,627 JPY/sq.m6 件
川手10,375,000 JPY140,625 JPY/sq.m4 件
川端町11,166,667 JPY172,310 JPY/sq.m6 件
弥生町15,836,364 JPY217,716 JPY/sq.m11 件
慶万町22,150,000 JPY295,935 JPY/sq.m40 件
政所20,777,778 JPY264,374 JPY/sq.m9 件
昭和通4,700,000 JPY82,222 JPY/sq.m5 件
月丘町16,666,667 JPY223,590 JPY/sq.m3 件
東山町8,757,143 JPY151,190 JPY/sq.m7 件
松保町10,286,667 JPY146,946 JPY/sq.m15 件
桜木7,266,667 JPY97,315 JPY/sq.m3 件
桜馬場通16,437,500 JPY206,776 JPY/sq.m16 件
桶川町13,333,333 JPY205,128 JPY/sq.m3 件
梅園町4,342,857 JPY66,813 JPY/sq.m17 件
毛利町5,750,000 JPY93,090 JPY/sq.m32 件
河東町9,907,692 JPY145,585 JPY/sq.m13 件
清水20,000,000 JPY244,853 JPY/sq.m3 件
築港町7,700,000 JPY102,825 JPY/sq.m15 件
糀町12,850,000 JPY179,114 JPY/sq.m16 件
若草町13,400,000 JPY199,267 JPY/sq.m5 件
辻町16,387,500 JPY193,424 JPY/sq.m8 件
速玉町13,023,529 JPY175,068 JPY/sq.m17 件
遠石13,213,044 JPY184,502 JPY/sq.m46 件
都町2,674,118 JPY71,138 JPY/sq.m17 件
飯島町17,750,000 JPY258,242 JPY/sq.m4 件

Shunan-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 New389,404 JPY/sq.m100 %
Residual Value (10 Years)282,037 JPY/sq.m72 %
Residual Value (20 Years)195,926 JPY/sq.m50 %
Residual Value (20 Years)131,074 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 Shunan-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 Shunan-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 Shunan-Shi 速玉町 (Shunan-Shi Tokuyama 13.0 min walk)
28.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2018-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

2. Yamaguchi Shunan-Shi 速玉町 (Shunan-Shi Tokuyama 13.0 min walk)
27.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   186,667 JPY/sq.m

3. Yamaguchi Shunan-Shi 築港町 (Shunan-Shi Tokuyama 14.0 min walk)
27.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   114,286 JPY/sq.m

4. Yamaguchi Shunan-Shi 桜馬場通 (Shunan-Shi Tokuyama 13.0 min walk)
29.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

5. Yamaguchi Shunan-Shi 桜馬場通 (Shunan-Shi Tokuyama 14.0 min walk)
29.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   146,667 JPY/sq.m

6. Yamaguchi Shunan-Shi 遠石 (Shunan-Shi Kushigahama 14.0 min walk)
26.0 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:   13,000,000 JPY,    Unit price:   173,333 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 relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 25.8 years old in 2019 and 20.7 years old in 2020; -19.7%)

Causes of price decreases

  • An increase in average distance from the station (representing 16.2 min in 2019 and 18.3 min in 2020; +12.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2019 and 54.5% of total transactions in 2020)
The table below shows Apartment dealt in Yamaguchi Shunan-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 Shunan-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
Shimonoseki-Shi 一の宮本町 (3) [Area]13,000,000173,333 JPY/sq.m26.0 yrs16 min75 sq.m
Shunan-Shi 三番町 (9) [Area]13,000,000184,615 JPY/sq.m23.0 yrs15 min65 sq.m
Shunan-Shi 速玉町 (17) [Area]13,000,000185,714 JPY/sq.m20.8 yrs13 min75 sq.m
Iwakuni-Shi 三笠町 (2) [Area]11,000,000157,143 JPY/sq.m20.1 yrs11 min70 sq.m
Yamaguchi (1,972) [Area]14,000,000187,084 JPY/sq.m20.5 yrs11 min70 sq.m
JR (1,955) [Stations]14,000,000187,084 JPY/sq.m20.5 yrs11 min70 sq.m
JR JR Sanyo Main Line (1,364) [Stations]14,000,000188,235 JPY/sq.m20.5 yrs13 min70 sq.m
JR Sanyo Main Line Tokuyama (370) [Stations]12,000,000146,667 JPY/sq.m28.3 yrs13 min70 sq.m
Sanyo Shinkansen Tokuyama (370) [Stations]12,000,000146,667 JPY/sq.m28.3 yrs13 min70 sq.m
Shinkansen (623) [Stations]15,000,000200,000 JPY/sq.m20.9 yrs11 min70 sq.m