Okuchou Apartment average value

Price 10,263,830 JPY
  (134,623 JPY/sq.m)
- Age 16.7 years old
- Dist. from Sta. 20.4 min walk
- Property area 74.6 sq.m

The average price of a sq.m Apartment of Aichi Meitetsu Bisai Line Okuchou, in 2017 was 220,000 JPY/sq.m. The market value represents an increase of 81,337 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.8 years old (a -45.3% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 100.0 sq.m (a +45.5% increase compared to the 68.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.5 years old in 2016 and 11.8 years old in 2017; -45.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.2 min in 2016 and 25.0 min in 2017; +122.2%)
Data regarding the market value and its changes of Apartment in Okuchou were calculated using data on the sales of 47 properties provided by the MLIT Japan.

Okuchou Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
三条9,600,000 JPY453,362 JPY/sq.mOkuchou23 min
三条13,000,000 JPY613,931 JPY/sq.mOkuchou25 min
小信中島9,200,000 JPY320,139 JPY/sq.mOkuchou24 min
小信中島14,000,000 JPY544,479 JPY/sq.mOkuchou20 min
小信中島9,000,000 JPY350,023 JPY/sq.mOkuchou21 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 New215,802 JPY/sq.m100 %
Residual Value (10 Years)159,879 JPY/sq.m74 %
Residual Value (20 Years)118,042 JPY/sq.m55 %
Residual Value (20 Years)90,292 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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- 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 Okuchou 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 Okuchou 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 三条Ichinomiya-Shi Okuchou 23.0 min walk)
16.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-06-01T00:00:00Z

Trading price:   9,600,000 JPY,    Unit price:   137,142 JPY/sq.m

2. Aichi Ichinomiya-Shi 三条Ichinomiya-Shi Okuchou 25.0 min walk)
15.0 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   185,714 JPY/sq.m

3. Aichi Ichinomiya-Shi 小信中島Ichinomiya-Shi Okuchou 20.0 min walk)
15.5 years old , Area: 85 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-09-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   164,705 JPY/sq.m

4. Aichi Ichinomiya-Shi 小信中島Ichinomiya-Shi Okuchou 21.0 min walk)
14.0 years old , Area: 85 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2014-03-01T00:00:00Z

Trading price:   9,000,000 JPY,    Unit price:   105,882 JPY/sq.m

5. Aichi Ichinomiya-Shi 小信中島Ichinomiya-Shi Okuchou 21.0 min walk)
13.0 years old , Area: 90 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2012-03-01T00:00:00Z

Trading price:   12,000,000 JPY,    Unit price:   133,333 JPY/sq.m

6. Aichi Ichinomiya-Shi 起Ichinomiya-Shi Okuchou 30.0 min walk)
16.5 years old , Area: 80 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01T00:00:00Z

Trading price:   8,300,000 JPY,    Unit price:   103,750 JPY/sq.m

7. Aichi Ichinomiya-Shi 小信中島Ichinomiya-Shi Okuchou 30.0 min walk)
16.5 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-09-01T00:00:00Z

Trading price:   9,800,000 JPY,    Unit price:   140,000 JPY/sq.m

8. Aichi Ichinomiya-Shi 小信中島Ichinomiya-Shi Okuchou 30.0 min walk)
17.3 years old , Area: 70 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2015-06-01T00:00:00Z

Trading price:   8,800,000 JPY,    Unit price:   125,714 JPY/sq.m

9. Aichi Ichinomiya-Shi 東五城Ichinomiya-Shi Okuchou 30.0 min walk)
17.3 years old , Area: 75 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2008-06-01T00:00:00Z

Trading price:   9,800,000 JPY,    Unit price:   130,666 JPY/sq.m

10. Aichi Ichinomiya-Shi 西五城Ichinomiya-Shi Okuchou 30.0 min walk)
15.8 years old , Area: 75 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2007-12-01T00:00:00Z

Trading price:   8,000,000 JPY,    Unit price:   106,666 JPY/sq.m

11. Aichi Ichinomiya-Shi 三条Ichinomiya-Shi Okuchou 26.0 min walk)
11.8 years old , Area: 70 sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2010-12-01T00:00:00Z

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

12. Aichi Ichinomiya-Shi 東五城Ichinomiya-Shi Okuchou 30.0 min walk)
17.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-12-01T00:00:00Z

Trading price:   9,000,000 JPY,    Unit price:   120,000 JPY/sq.m

13. Aichi Ichinomiya-Shi 西五城Ichinomiya-Shi Okuchou 30.0 min walk)
18.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2010-06-01T00:00:00Z

Trading price:   12,000,000 JPY,    Unit price:   160,000 JPY/sq.m

14. Aichi Ichinomiya-Shi 開明Ichinomiya-Shi Okuchou 18.0 min walk)
18.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01T00:00:00Z

Trading price:   2,900,000 JPY,    Unit price:   44,615 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 locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.5 years old in 2016 and 11.8 years old in 2017; -45.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.2 min in 2016 and 25.0 min in 2017; +122.2%)
The table below shows Apartment dealt in Aichi Meitetsu Bisai Line Okuchou, 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 Okuchou

    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 Tamanoi (15) [Stations]9,500,000126,66615.3 yrs13 min75 sq.m
    Meitetsu Bisai Line Kaimei (11) [Stations]11,000,000150,76915.0 yrs15 min70 sq.m
    Meitetsu Bisai Line Futago (18) [Stations]8,450,000111,16618.8 yrs16 min75 sq.m
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