Hibino Apartment average value

Price 15,520,930 JPY
  (215,501 JPY/sq.m)
- Age 21.4 years old
- Dist. from Sta. 8.5 min walk
- Property area 84.8 sq.m

The average price of a sq.m Apartment of Aichi Meitetsu Bisai Line Hibino, in 2017 was 198,833 JPY/sq.m. The market value represents a decrease of 18,294 JPY (-8.4%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 11 (-73.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.9 years old (a +41.4% increase compared to the 20.4 years old of last year.). The average size of the real estate was 58.8 sq.m (a -50.5% decrease compared to the 118.7 sq.m of last year.).

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

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.4 years old in 2016 and 28.9 years old in 2017; +41.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 13.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Hibino were calculated using data on the sales of 136 properties provided by the MLIT Japan.

Hibino Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
明野町18,000,000 JPY75,319 JPY/sq.mHibino11 min
明野町20,000,000 JPY826,446 JPY/sq.mHibino11 min
明野町14,000,000 JPY578,512 JPY/sq.mHibino11 min
明野町20,000,000 JPY777,831 JPY/sq.mHibino11 min
明野町12,000,000 JPY528,926 JPY/sq.mHibino11 min
明野町15,000,000 JPY661,157 JPY/sq.mHibino11 min

Meitetsu Bisai Line Railway market report

2017. Jan - Dec
 18 tradings
2016. Jan - Dec
 39 tradings
2015. Jan - Dec
 36 tradings
2014. Jan - Dec
 30 tradings
4Q
3
3Q
9
2Q
1
1Q
5
4Q
13
3Q
9
2Q
8
1Q
9
4Q
7
3Q
12
2Q
8
1Q
9
4Q
6
3Q
4
2Q
8
1Q
12

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 New418,801 JPY/sq.m100 %
Residual Value (10 Years)313,734 JPY/sq.m75 %
Residual Value (20 Years)228,576 JPY/sq.m55 %
Residual Value (20 Years)163,330 JPY/sq.m39 %
Color:
Unit:   Touch:
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 Hibino 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 Aichi Meitetsu Bisai Line Hibino 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

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

Related sales({{similarlist.length}})

1. Aichi Nagoya-Shi Atsuta-Ku 明野町Nagoya-Shi Hibino 11.0 min walk)
17.8 years old , Area: 80 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-12-01T00:00:00Z
Trading price:   20,000,000 JPY,    Unit price:   250,000 JPY/sq.m
2. Aichi Nagoya-Shi Atsuta-Ku 明野町Nagoya-Shi Hibino 11.0 min walk)
17.5 years old , Area: 80 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-09-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   175,000 JPY/sq.m
3. Aichi Nagoya-Shi Atsuta-Ku 明野町Nagoya-Shi Hibino 11.0 min walk)
17.0 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   160,000 JPY/sq.m
4. Aichi Nagoya-Shi Atsuta-Ku 明野町Nagoya-Shi Hibino 11.0 min walk)
16.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m
5. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 8.0 min walk)
19.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-06-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   213,333 JPY/sq.m
6. Aichi Nagoya-Shi Nakagawa-Ku 柳川町Nagoya-Shi Hibino 8.0 min walk)
16.5 years old , Area: 65 sq.m , Structure: SRC
- Trading date: 2009-09-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m
7. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 9.0 min walk)
15.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-12-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   226,666 JPY/sq.m
8. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 8.0 min walk)
16.0 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-03-01T00:00:00Z
Trading price:   20,000,000 JPY,    Unit price:   266,666 JPY/sq.m
9. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 9.0 min walk)
15.5 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-09-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   226,666 JPY/sq.m
10. Aichi Nagoya-Shi Atsuta-Ku 一番Nagoya-Shi Hibino 11.0 min walk)
20.8 years old , Area: 80 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2006-12-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   150,000 JPY/sq.m
11. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 9.0 min walk)
15.0 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-03-01T00:00:00Z
Trading price:   20,000,000 JPY,    Unit price:   266,666 JPY/sq.m
12. Aichi Nagoya-Shi Atsuta-Ku 幡野町Nagoya-Shi Hibino 9.0 min walk)
15.0 years old , Area: 70 sq.m , Structure: RC
- Trading date: 2011-03-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m
13. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 9.0 min walk)
14.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-12-01T00:00:00Z
Trading price:   21,000,000 JPY,    Unit price:   280,000 JPY/sq.m
14. Aichi Nagoya-Shi Nakagawa-Ku 柳川町Nagoya-Shi Hibino 8.0 min walk)
14.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2007-12-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m
15. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 8.0 min walk)
14.5 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-09-01T00:00:00Z
Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m
16. Aichi Nagoya-Shi Atsuta-Ku 大宝Nagoya-Shi Hibino 8.0 min walk)
14.5 years old , Area: 80 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-09-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   212,500 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 older buildings over 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.4 years old in 2016 and 28.9 years old in 2017; +41.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 13.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Apartment dealt in Aichi Meitetsu Bisai Line Hibino, 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 Hibino

    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
    Meitetsu Bisai Line Meitetsuichinomiya (11) [Stations]12,000,000184,61519.8 yrs9 min75 sq.m
    Meitetsu Bisai Line Nishiichinomiya (35) [Stations]13,000,000173,33313.3 yrs8 min70 sq.m
    Meitetsu Meitetsu Bisai Line (404) [Stations]11,000,000157,14220.1 yrs10 min75 sq.m
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