Shunan-Shi Apartment average value

Price 12,107,353 JPY
  (170,077 JPY/sq.m)
- Age 21.2 years old
- Dist. from Sta. 13.3 min walk
- Property area 69.9 sq.m

The average price of a sq.m Apartment of Yamaguchi Shunan-Shi, in 2017 was 248,968 JPY/sq.m. The market value represents an increase of 77,713 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 12 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.0 years old (a -57.6% decrease compared to the 25.9 years old of last year.). The average size of the real estate was 75.0 sq.m (a +7.1% increase compared to the 70.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.9 years old in 2016 and 11.0 years old in 2017; -57.6%)
  • A dramatic decrease in average distance from the station (representing 10.9 min in 2016 and 7.0 min in 2017; -35.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2016 and 33.3% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Shunan-Shi were calculated using data on the sales of 279 properties provided by the MLIT Japan.

Shunan-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price
慶万町22,566,667 JPY300,442 JPY/sq.m
遠石13,093,103 JPY180,327 JPY/sq.m
毛利町6,991,667 JPY109,178 JPY/sq.m
大字徳山13,970,588 JPY178,909 JPY/sq.m
梅園町5,715,385 JPY85,392 JPY/sq.m
糀町12,953,846 JPY182,709 JPY/sq.m
速玉町12,540,000 JPY174,946 JPY/sq.m
河東町9,380,000 JPY145,077 JPY/sq.m
桜馬場通16,900,000 JPY208,534 JPY/sq.m
松保町10,644,444 JPY146,079 JPY/sq.m
住崎町7,422,222 JPY102,406 JPY/sq.m
辻町16,387,500 JPY193,423 JPY/sq.m
東山町8,757,143 JPY151,190 JPY/sq.m
弥生町14,028,571 JPY207,193 JPY/sq.m
南浦山町5,185,714 JPY78,877 JPY/sq.m
中央町16,428,571 JPY213,651 JPY/sq.m
都町5,983,333 JPY95,335 JPY/sq.m
築港町7,216,667 JPY106,629 JPY/sq.m
昭和通4,700,000 JPY82,221 JPY/sq.m
政所19,400,000 JPY247,679 JPY/sq.m
三番町11,500,000 JPY168,809 JPY/sq.m
川手10,375,000 JPY140,625 JPY/sq.m
古川町12,250,000 JPY161,160 JPY/sq.m
入船町5,000,000 JPY79,916 JPY/sq.m
若草町12,500,000 JPY188,370 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 New334,345 JPY/sq.m100 %
Residual Value (10 Years)238,956 JPY/sq.m71 %
Residual Value (20 Years)165,988 JPY/sq.m50 %
Residual Value (20 Years)115,444 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 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 Yamaguchi 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.

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Trading data in Shunan-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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.9 years old in 2016 and 11.0 years old in 2017; -57.6%)
  • A dramatic decrease in average distance from the station (representing 10.9 min in 2016 and 7.0 min in 2017; -35.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2016 and 33.3% of total transactions in 2017)
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:

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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
Yamaguchi-Shi 新馬場 (4) [Area]14,500,000172,32118.9 yrs14 min77 sq.m
Shunan-Shi 速玉町 (10) [Area]12,500,000172,85718.3 yrs13 min72 sq.m
Shunan-Shi 三番町 (5) [Area]12,000,000163,33319.8 yrs15 min70 sq.m
Yamaguchi (1,273) [Area]14,000,000177,77717.8 yrs11 min75 sq.m
JR (1,256) [Stations]14,000,000177,12317.8 yrs11 min72 sq.m
Shinkansen Sanyo Shinkansen (403) [Stations]13,500,000184,52318.0 yrs11 min72 sq.m
JR JR Sanyo Main Line (904) [Stations]14,000,000184,52317.8 yrs13 min70 sq.m
Shinkansen (403) [Stations]13,500,000184,52318.0 yrs11 min72 sq.m
Sanyo Shinkansen Tokuyama (243) [Stations]9,850,000151,15322.6 yrs13 min70 sq.m
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