Shunan-Shi Apartment average value

Price 11,900,000 JPY
  (166,238 JPY/sq.m)
- Age 22.7 years old
- Dist. from Sta. 12.3 min walk
- Property area 67.9 sq.m

The average price of a sq.m Apartment of Yamaguchi Shunan-Shi, in 2017 was 180,340 JPY/sq.m. The market value represents an increase of 9,085 JPY (+5.3%) compared to 1 year ago and a transition to a strong market. 13 properties exchanged hands ( The market value represents a decrease of 2 (-13.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 22.7 years old (a -12.3% decrease compared to the 25.9 years old of last year.). The average size of the real estate was 60.8 sq.m (a -13.2% decrease 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 relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 25.9 years old in 2016 and 22.7 years old in 2017; -12.3%)
  • An 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 7.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2016 and 53.8% 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 289 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14,027,778 JPY180,874 JPY/sq.m
糀町13,242,857 JPY184,837 JPY/sq.m
梅園町5,715,385 JPY85,392 JPY/sq.m
速玉町12,700,000 JPY173,858 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
都町4,288,889 JPY83,556 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
築港町7,216,667 JPY106,629 JPY/sq.m
三番町11,916,667 JPY176,572 JPY/sq.m
昭和通4,700,000 JPY82,221 JPY/sq.m
入船町5,200,000 JPY85,751 JPY/sq.m
政所19,400,000 JPY247,679 JPY/sq.m
岐山通21,500,000 JPY268,067 JPY/sq.m
川手10,375,000 JPY140,625 JPY/sq.m
古川町12,250,000 JPY161,160 JPY/sq.m
若草町12,500,000 JPY188,370 JPY/sq.m

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.)
AgeTrading PriceProportion
Price at New311,798 JPY/sq.m100 %
Residual Value (10 Years)240,501 JPY/sq.m77 %
Residual Value (20 Years)178,315 JPY/sq.m57 %
Residual Value (20 Years)125,241 JPY/sq.m40 %
Color:
Unit:   Touch:
Property Details:
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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

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

Related sales({{similarlist.length}})

1. Yamaguchi Shunan-Shi 速玉町Shunan-Shi Tokuyama 13.0 min walk)
21.8 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-12-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m
2. Yamaguchi Shunan-Shi 大字徳山Shunan-Shi Tokuyama 13.0 min walk)
22.0 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-03-01T00:00:00Z
Trading price:   11,000,000 JPY,    Unit price:   146,666 JPY/sq.m
3. Yamaguchi Shunan-Shi 桜馬場通Shunan-Shi Tokuyama 14.0 min walk)
21.5 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-09-01T00:00:00Z
Trading price:   11,000,000 JPY,    Unit price:   157,142 JPY/sq.m
4. Yamaguchi Shunan-Shi 大字徳山Shunan-Shi Tokuyama 14.0 min walk)
20.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-06-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   160,000 JPY/sq.m
5. Yamaguchi Shunan-Shi 川手Shunan-Shi Shinnnannyou 14.0 min walk)
22.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   133,333 JPY/sq.m
6. Yamaguchi Shunan-Shi 速玉町Shunan-Shi Tokuyama 13.0 min walk)
22.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-12-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   186,666 JPY/sq.m
7. Yamaguchi Shunan-Shi 遠石Shunan-Shi Kushigahama 14.0 min walk)
19.5 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-09-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m
8. Yamaguchi Shunan-Shi 大字徳山Shunan-Shi Tokuyama 13.0 min walk)
23.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-06-01T00:00:00Z
Trading price:   7,500,000 JPY,    Unit price:   100,000 JPY/sq.m
9. Yamaguchi Shunan-Shi 速玉町Shunan-Shi Tokuyama 13.0 min walk)
19.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-06-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m
10. Yamaguchi Shunan-Shi 大字徳山Shunan-Shi Tokuyama 14.0 min walk)
19.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-06-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   214,285 JPY/sq.m
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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:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 25.9 years old in 2016 and 22.7 years old in 2017; -12.3%)
  • An 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 7.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2016 and 53.8% 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 (12) [Area]13,000,000172,85718.8 yrs13 min72 sq.m
    Shunan-Shi 河東町 (10) [Area]9,800,000146,42823.0 yrs14 min60 sq.m
    Shunan-Shi 川手 (4) [Area]10,000,000137,49922.5 yrs14 min77 sq.m
    Shinkansen Sanyo Shinkansen (417) [Stations]13,000,000185,16419.3 yrs11 min70 sq.m
    Shinkansen (417) [Stations]13,000,000185,16419.3 yrs11 min70 sq.m
    Sanyo Shinkansen Tokuyama (253) [Stations]9,650,000141,47723.4 yrs13 min70 sq.m
    JR Sanyo Main Line Tokuyama (253) [Stations]9,650,000141,47723.4 yrs13 min70 sq.m
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