Funabashihoutenn Apartment average value

Price 18,506,061 JPY
  (255,132 JPY/sq.m)
- Age 20.8 years old
- Dist. from Sta. 13.6 min walk
- Property area 72.0 sq.m

The average price of a sq.m Apartment of Chiba JR Musashino Line Funabashihoutenn, in 2017 was 242,177 JPY/sq.m. The market value represents a decrease of 5,848 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.8 years old (a +22.6% increase compared to the 20.2 years old of last year.). The average size of the real estate was 71.4 sq.m (a +0.7% increase compared to the 70.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 16.1 min in 2016 and 14.4 min in 2017; -10.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.2 years old in 2016 and 24.8 years old in 2017; +22.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 71.4% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Funabashihoutenn were calculated using data on the sales of 98 properties provided by the MLIT Japan.

Funabashihoutenn Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
北方町13,000,000 JPY613,931 JPY/sq.mFunabashihoutenn13 min
北方町12,000,000 JPY528,926 JPY/sq.mFunabashihoutenn14 min
北方町10,000,000 JPY472,255 JPY/sq.mFunabashihoutenn14 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 New462,442 JPY/sq.m100 %
Residual Value (10 Years)345,576 JPY/sq.m75 %
Residual Value (20 Years)249,354 JPY/sq.m54 %
Residual Value (20 Years)173,777 JPY/sq.m38 %
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 Funabashihoutenn 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 Funabashihoutenn 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. Chiba Ichikawa-Shi 北方町Ichikawa-Shi Funabashihoutenn 13.0 min walk)
19.5 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-09-01T00:00:00Z

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

2. Chiba Ichikawa-Shi 北方町Ichikawa-Shi Funabashihoutenn 14.0 min walk)
19.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-12-01T00:00:00Z

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

3. Chiba Ichikawa-Shi 北方町Ichikawa-Shi Funabashihoutenn 14.0 min walk)
20.0 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-03-01T00:00:00Z

Trading price:   10,000,000 JPY,    Unit price:   142,857 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 middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 16.1 min in 2016 and 14.4 min in 2017; -10.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.2 years old in 2016 and 24.8 years old in 2017; +22.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 71.4% of total transactions in 2017)
The table below shows Apartment dealt in Chiba JR Musashino Line Funabashihoutenn, 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 Funabashihoutenn

    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
    JR Musashino Line Shinnyahashira (88) [Stations]17,000,000258,04115.9 yrs14 min67 sq.m
    JR JR Musashino Line (1,299) [Stations]17,000,000242,85725.3 yrs12 min70 sq.m
    JR Musashino Line Nishifunabashi (426) [Stations]22,000,000349,20621.3 yrs13 min60 sq.m
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