Nishifunabashi Apartment average value

Price 21,870,755 JPY
  (353,536 JPY/sq.m)
- Age 23.7 years old
- Dist. from Sta. 12.5 min walk
- Property area 60.9 sq.m

The average price of a sq.m Apartment of Chiba JR Musashino Line Nishifunabashi, in 2017 was 360,572 JPY/sq.m. The market value represents an increase of 29,248 JPY (+8.8%) compared to 1 year ago and a transition to a strong market. 12 properties exchanged hands ( The market value represents a decrease of 22 (-64.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.7 years old (a +2.3% increase compared to the 26.1 years old of last year.). The average size of the real estate was 55.4 sq.m (a -7.6% decrease compared to the 60.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.2% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 11.7 min in 2016 and 13.8 min in 2017; +17.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 35.5% of total transactions in 2016 and 58.3% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Nishifunabashi were calculated using data on the sales of 426 properties provided by the MLIT Japan.

Nishifunabashi Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
西船23,000,000 JPY1,267,217 JPY/sq.mNishifunabashi13 min
海神町西17,000,000 JPY864,588 JPY/sq.mNishifunabashi14 min
二子町38,000,000 JPY1,794,569 JPY/sq.mNishifunabashi12 min
本郷町18,000,000 JPY991,736 JPY/sq.mNishifunabashi14 min
海神町西20,000,000 JPY1,017,164 JPY/sq.mNishifunabashi13 min
西船26,000,000 JPY1,432,506 JPY/sq.mNishifunabashi13 min
印内19,000,000 JPY897,283 JPY/sq.mNishifunabashi12 min
西船18,000,000 JPY991,736 JPY/sq.mNishifunabashi13 min
印内15,000,000 JPY826,446 JPY/sq.mNishifunabashi12 min
海神町西19,000,000 JPY1,046,830 JPY/sq.mNishifunabashi14 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 New520,335 JPY/sq.m100 %
Residual Value (10 Years)443,432 JPY/sq.m85 %
Residual Value (20 Years)370,716 JPY/sq.m71 %
Residual Value (20 Years)302,186 JPY/sq.m58 %
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 Nishifunabashi 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 Nishifunabashi 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 Funabashi-Shi 西船Funabashi-Shi Nishifunabashi 13.0 min walk)
21.3 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-06-01T00:00:00Z

Trading price:   23,000,000 JPY,    Unit price:   383,333 JPY/sq.m

2. Chiba Funabashi-Shi 海神町西Funabashi-Shi Nishifunabashi 14.0 min walk)
20.8 years old , Area: 65 sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2014-12-01T00:00:00Z

Trading price:   17,000,000 JPY,    Unit price:   261,538 JPY/sq.m

3. Chiba Funabashi-Shi 本郷町Funabashi-Shi Nishifunabashi 14.0 min walk)
20.3 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-06-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   300,000 JPY/sq.m

4. Chiba Funabashi-Shi 海神町西Funabashi-Shi Nishifunabashi 13.0 min walk)
19.5 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01T00:00:00Z

Trading price:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

5. Chiba Funabashi-Shi 西船Funabashi-Shi Nishifunabashi 13.0 min walk)
19.5 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01T00:00:00Z

Trading price:   26,000,000 JPY,    Unit price:   433,333 JPY/sq.m

6. Chiba Funabashi-Shi 西船Funabashi-Shi Nishifunabashi 13.0 min walk)
19.3 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   300,000 JPY/sq.m

7. Chiba Funabashi-Shi 印内Funabashi-Shi Nishifunabashi 12.0 min walk)
19.4 years old , Area: 60 sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2008-06-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   250,000 JPY/sq.m

8. Chiba Funabashi-Shi 海神町西Funabashi-Shi Nishifunabashi 14.0 min walk)
19.3 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01T00:00:00Z

Trading price:   19,000,000 JPY,    Unit price:   316,666 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 recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.2% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 11.7 min in 2016 and 13.8 min in 2017; +17.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 35.5% of total transactions in 2016 and 58.3% of total transactions in 2017)
The table below shows Apartment dealt in Chiba JR Musashino Line Nishifunabashi, 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 Nishifunabashi

    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 Funabashihoutenn (98) [Stations]19,000,000237,50019.0 yrs13 min70 sq.m
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