Ube-Shi Apartment average value

Price 183,079 JPY/sq.m
- Age 18.1 years old
- Dist. from Sta. 7.8 min walk
- Property area 74.2 sq.m

The average price of Yamaguchi Ube-Shi Apartment, in 2020 was 178,181 JPY/sq.m. The market value represents a decrease of 15,812 JPY (-8.2%) compared to 1 year ago and a transition to a bear 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

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 38.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.6% of total transactions in 2019 and 15.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Ube-Shi were calculated using data on the sales of 252 properties provided by the MLIT Japan.

Ube-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上町13,547,368 JPY186,286 JPY/sq.m19 件
中央町13,800,000 JPY251,049 JPY/sq.m5 件
大字妻崎開作18,750,000 JPY257,773 JPY/sq.m4 件
寿町12,334,615 JPY156,675 JPY/sq.m26 件
小松原町17,000,000 JPY242,857 JPY/sq.m1 件
岬町7,040,000 JPY96,702 JPY/sq.m5 件
16,000,000 JPY218,750 JPY/sq.m2 件
常盤町23,000,000 JPY323,283 JPY/sq.m4 件
恩田町19,000,000 JPY271,429 JPY/sq.m1 件
文京町6,888,889 JPY92,696 JPY/sq.m9 件
新天町11,000,000 JPY129,412 JPY/sq.m1 件
明治町12,200,000 JPY152,500 JPY/sq.m6 件
昭和町10,950,000 JPY144,791 JPY/sq.m4 件
朝日町19,588,235 JPY192,719 JPY/sq.m17 件
東新川町1,555,625 JPY77,781 JPY/sq.m17 件
東琴芝22,000,000 JPY275,000 JPY/sq.m1 件
東芝中町4,000,000 JPY57,143 JPY/sq.m3 件
松山町11,690,909 JPY157,747 JPY/sq.m22 件
松島町17,888,889 JPY228,526 JPY/sq.m9 件
琴芝町18,500,000 JPY231,764 JPY/sq.m2 件
神原町18,636,364 JPY244,436 JPY/sq.m11 件
芝中町9,390,476 JPY133,271 JPY/sq.m21 件
若松町16,870,588 JPY196,828 JPY/sq.m17 件
西琴芝17,428,571 JPY217,698 JPY/sq.m7 件
錦町9,454,000 JPY134,090 JPY/sq.m25 件
鵜の島町12,345,454 JPY144,677 JPY/sq.m11 件

Ube-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 New301,663 JPY/sq.m100 %
Residual Value (10 Years)231,428 JPY/sq.m77 %
Residual Value (20 Years)174,896 JPY/sq.m58 %
Residual Value (20 Years)132,068 JPY/sq.m44 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

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




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 Ube-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 Ube-Shi 松島町 (Ube-Shi Ubeshinnkawa 7.0 min walk)
17.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: SRC
- Trading date: 2020-12-01 00:00:00

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

2. Yamaguchi Ube-Shi 芝中町 (Ube-Shi Higashishinnkawa 7.0 min walk)
19.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   100,000 JPY/sq.m

3. Yamaguchi Ube-Shi 松島町 (Ube-Shi Ubeshinnkawa 7.0 min walk)
17.5 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:   17,000,000 JPY,    Unit price:   226,667 JPY/sq.m

4. Yamaguchi Ube-Shi 錦町 (Ube-Shi Higashishinnkawa 7.0 min walk)
17.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-09-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   114,286 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

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 38.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.6% of total transactions in 2019 and 15.4% of total transactions in 2020)
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:

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
Shimonoseki-Shi 大字伊倉 (5) [Area]13,000,000185,714 JPY/sq.m17.3 yrs8 min70 sq.m
Shimonoseki-Shi 秋根北町 (5) [Area]13,000,000200,000 JPY/sq.m18.8 yrs9 min65 sq.m
Iwakuni-Shi 立石町 (6) [Area]14,500,000166,014 JPY/sq.m16.3 yrs7 min82 sq.m
Shimonoseki-Shi 武久町 (14) [Area]12,000,000160,000 JPY/sq.m20.3 yrs9 min70 sq.m
JR JR Ube Line (347) [Stations]16,000,000200,000 JPY/sq.m15.6 yrs8 min75 sq.m
JR JR Onoda Line (94) [Stations]14,000,000200,000 JPY/sq.m17.5 yrs8 min75 sq.m
JR Ube Line Ubeshinnkawa (82) [Stations]14,000,000200,000 JPY/sq.m17.5 yrs7 min75 sq.m
JR Onoda Line Ubeshinnkawa (82) [Stations]14,000,000200,000 JPY/sq.m17.5 yrs7 min75 sq.m