Hibino Apartment average value

Price 15,902,273 JPY
  (216,984 JPY/sq.m)
- Age 22.4 years old
- Dist. from Sta. 8.2 min walk
- Property area 85.2 sq.m

The average price of a sq.m Apartment of Aichi Meitetsu Bisai Line Hibino, in 2018 was 244,292 JPY/sq.m. The market value represents an increase of 45,459 JPY (+22.9%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.3 years old (a -8.8% decrease compared to the 28.9 years old of last year.). The average size of the real estate was 71.4 sq.m (a +21.6% increase compared to the 58.8 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 distance from the station (representing 8.8 min in 2017 and 7.1 min in 2018; -18.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2017 and 14.3% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 57.1% of total transactions in 2018)
Data regarding the market value and its changes of Apartment in Hibino were calculated using data on the sales of 141 properties provided by the MLIT Japan.

Hibino Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大宝16,000,000 JPY705,233 JPY/sq.mHibino8 min
大宝23,000,000 JPY844,810 JPY/sq.mHibino10 min
大宝23,000,000 JPY844,810 JPY/sq.mHibino8 min
柳川町3,100,000 JPY512,397 JPY/sq.mHibino8 min
柳川町4,800,000 JPY634,711 JPY/sq.mHibino8 min
大宝22,000,000 JPY808,079 JPY/sq.mHibino9 min
柳川町4,500,000 JPY595,041 JPY/sq.mHibino8 min
柳川町10,000,000 JPY508,582 JPY/sq.mHibino8 min
大宝20,000,000 JPY881,540 JPY/sq.mHibino8 min
大宝17,000,000 JPY749,309 JPY/sq.mHibino9 min
大宝21,000,000 JPY771,349 JPY/sq.mHibino10 min

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 New415,921 JPY/sq.m100 %
Residual Value (10 Years)322,461 JPY/sq.m78 %
Residual Value (20 Years)241,776 JPY/sq.m58 %
Residual Value (20 Years)173,864 JPY/sq.m42 %
Color:
Unit:   Touch:



Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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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 Hibino 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.

1. 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

2. 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

3. 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

4. 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

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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:



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 relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 8.8 min in 2017 and 7.1 min in 2018; -18.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2017 and 14.3% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 57.1% of total transactions in 2018)
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 (36) [Stations]13,000,000179,52312.8 yrs8 min70 sq.m
    Meitetsu Bisai Line Yatomi (11) [Stations]13,000,000162,50010.4 yrs6 min80 sq.m
    Meitetsu Meitetsu Bisai Line (417) [Stations]11,500,000156,34820.8 yrs10 min75 sq.m
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