Ube-Shi Apartment average value

Price 11,982,143 JPY
  (156,237 JPY/sq.m)
- Age 17.7 years old
- Dist. from Sta. 7.3 min walk
- Property area 73.0 sq.m

The average price of a sq.m Apartment of Yamaguchi Ube-Shi, in 2017 was 141,071 JPY/sq.m. The market value represents a decrease of 21,056 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 13 (-86.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.0 years old (a +30.4% increase compared to the 17.6 years old of last year.). The average size of the real estate was 75.0 sq.m (a +12.5% increase compared to the 66.7 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 distance from the station (representing 7.1 min in 2016 and 3.5 min in 2017; -50.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.6 years old in 2016 and 23.0 years old in 2017; +30.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Ube-Shi were calculated using data on the sales of 165 properties provided by the MLIT Japan.

Ube-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price
錦町8,976,316 JPY126,605 JPY/sq.m
芝中町9,435,294 JPY138,034 JPY/sq.m
寿町11,762,500 JPY145,183 JPY/sq.m
上町13,742,857 JPY187,637 JPY/sq.m
東新川町2,773,077 JPY138,654 JPY/sq.m
朝日町19,307,692 JPY189,331 JPY/sq.m
松山町10,041,667 JPY143,593 JPY/sq.m
若松町17,700,000 JPY206,152 JPY/sq.m
神原町19,777,778 JPY256,162 JPY/sq.m
松島町18,285,714 JPY230,961 JPY/sq.m
文京町6,550,000 JPY89,468 JPY/sq.m
西琴芝18,000,000 JPY228,056 JPY/sq.m
明治町11,675,000 JPY145,938 JPY/sq.m
昭和町10,950,000 JPY144,790 JPY/sq.m
岬町6,300,000 JPY85,164 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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
AgeTrading PriceProportion
Price at New210,124 JPY/sq.m100 %
Residual Value (10 Years)208,034 JPY/sq.m99 %
Residual Value (20 Years)156,111 JPY/sq.m74 %
Residual Value (20 Years)54,354 JPY/sq.m26 %
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
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Ube-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 Ube-Shi Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Ube-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 distance from the station (representing 7.1 min in 2016 and 3.5 min in 2017; -50.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.6 years old in 2016 and 23.0 years old in 2017; +30.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Apartment dealt in Yamaguchi Ube-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 Ube-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 立石町 (4) [Area]14,500,000166,01215.3 yrs7 min85 sq.m
Ube-Shi 昭和町 (4) [Area]11,150,000145,22217.8 yrs7 min70 sq.m
Ube-Shi 寿町 (16) [Area]10,500,000141,07117.5 yrs6 min70 sq.m
Shunan-Shi 古川町 (4) [Area]13,000,000172,32114.4 yrs8 min75 sq.m
JR JR Ube Line (218) [Stations]14,000,000170,32914.6 yrs7 min75 sq.m
JR Gantoku Line Iwakuni (111) [Stations]13,000,000176,47019.6 yrs6 min67 sq.m
JR JR Gantoku Line (123) [Stations]13,000,000176,47019.6 yrs6 min67 sq.m
JR Sanyo Main Line Iwakuni (111) [Stations]13,000,000176,47019.6 yrs6 min67 sq.m
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