Nishiichinomiya Apartment price [Meitetsu Bisai Line | Aichi]

Nishiichinomiya Apartment average value

Price 13,938,889 JPY
  (183,943 JPY/sq.m)
- Age 16.2 years old
- Dist. from Sta. 8.7 min walk
- Property area 74.4 sq.m

The average price of a sq.m Apartment of Aichi Meitetsu Bisai Line Nishiichinomiya, in 2017 was 236,190 JPY/sq.m. The market value represents an increase of 19,905 JPY (+9.2%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.7 years old (a -23.4% decrease compared to the 17.9 years old of last year.). The average size of the real estate was 71.7 sq.m (a -5.7% decrease compared to the 76.0 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

  • A dramatic decrease in average age of the building (representing 17.9 years old in 2016 and 13.7 years old in 2017; -23.4%)
  • An decrease in average distance from the station (representing 9.8 min in 2016 and 8.0 min in 2017; -18.4%)
  • 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 33.3% 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 33.3% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Nishiichinomiya were calculated using data on the sales of 36 properties provided by the MLIT Japan.

Nishiichinomiya Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
神戸町9,400,000 JPY443,917 JPY/sq.mNishiichinomiya8 min
音羽16,000,000 JPY661,157 JPY/sq.mNishiichinomiya8 min
八幡11,000,000 JPY519,478 JPY/sq.mNishiichinomiya8 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 New335,546 JPY/sq.m100 %
Residual Value (10 Years)222,260 JPY/sq.m66 %
Residual Value (20 Years)149,916 JPY/sq.m45 %
Residual Value (20 Years)118,516 JPY/sq.m35 %
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




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Calculate Nishiichinomiya 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 Nishiichinomiya 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 Ichinomiya-Shi 神戸町 （Ichinomiya-Shi Nishiichinomiya 8.0 min walk）
12.8 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2007-12-01T00:00:00Z

Trading price:   9,400,000 JPY,    Unit price:   134,285 JPY/sq.m

2. Aichi Ichinomiya-Shi 音羽 （Ichinomiya-Shi Nishiichinomiya 8.0 min walk）
12.8 years old , Area: 80 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2011-12-01T00:00:00Z

Trading price:   16,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Aichi Ichinomiya-Shi 八幡 （Ichinomiya-Shi Nishiichinomiya 8.0 min walk）
12.0 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2008-03-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   157,142 JPY/sq.m

4. Aichi Ichinomiya-Shi 八幡 （Ichinomiya-Shi Nishiichinomiya 7.0 min walk）
11.5 years old , Area: 75 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2008-09-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   200,000 JPY/sq.m

5. Aichi Ichinomiya-Shi 音羽 （Ichinomiya-Shi Nishiichinomiya 8.0 min walk）
10.5 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01T00:00:00Z

Trading price:   21,000,000 JPY,    Unit price:   280,000 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

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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

  • A dramatic decrease in average age of the building (representing 17.9 years old in 2016 and 13.7 years old in 2017; -23.4%)
  • An decrease in average distance from the station (representing 9.8 min in 2016 and 8.0 min in 2017; -18.4%)
  • 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 33.3% 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 33.3% of total transactions in 2017)
The table below shows Apartment dealt in Aichi Meitetsu Bisai Line Nishiichinomiya, 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 Nishiichinomiya

    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 Yatomi (11) [Stations] 13,000,000162,50010.4 yrs6 min80 sq.m
    Meitetsu Meitetsu Bisai Line (411) [Stations] 11,000,000157,14220.6 yrs10 min75 sq.m
    Meitetsu Bisai Line Hibino (137) [Stations] 17,000,000229,99918.5 yrs10 min70 sq.m
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