Wajiro Apartment average value

Price 13,446,512 JPY
  (187,282 JPY/sq.m)
- Age 18.8 years old
- Dist. from Sta. 7.1 min walk
- Property area 70.6 sq.m

The average price of a sq.m Apartment of Fukuka JR Kashii Line Wajiro, in 2017 was 179,994 JPY/sq.m. The market value represents a decrease of 32,156 JPY (-15.2%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 12 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.8 years old (a +28.9% increase compared to the 17.7 years old of last year.). The average size of the real estate was 63.3 sq.m (a -13.3% decrease compared to the 73.1 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 7.1 min in 2016 and 6.0 min in 2017; -15.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.6% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.7 years old in 2016 and 22.8 years old in 2017; +28.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 60.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Wajiro were calculated using data on the sales of 154 properties provided by the MLIT Japan.

Wajiro Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
奈多17,000,000 JPY936,638 JPY/sq.mWajiro7 min
和白丘10,000,000 JPY508,582 JPY/sq.mWajiro7 min
和白丘13,000,000 JPY537,190 JPY/sq.mWajiro7 min
和白丘9,500,000 JPY483,150 JPY/sq.mWajiro7 min
和白丘14,000,000 JPY712,013 JPY/sq.mWajiro7 min

JR Kashii Line Railway market report

2017. Jan - Dec
 42 tradings
2016. Jan - Dec
 56 tradings
2015. Jan - Dec
 36 tradings
2014. Jan - Dec
 53 tradings
4Q
14
3Q
12
2Q
3
1Q
13
4Q
18
3Q
9
2Q
19
1Q
10
4Q
8
3Q
7
2Q
11
1Q
10
4Q
14
3Q
15
2Q
16
1Q
8

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 New474,477 JPY/sq.m100 %
Residual Value (10 Years)279,255 JPY/sq.m59 %
Residual Value (20 Years)166,768 JPY/sq.m35 %
Residual Value (20 Years)137,013 JPY/sq.m29 %
Color:
Unit:   Touch:
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 Wajiro 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 Fukuka JR Kashii Line Wajiro 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.

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1. Fukuka Fukuka-Shi Higashi-Ku 和白丘Fukuka-Shi Wajiro 7.0 min walk)
20.0 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-03-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m
2. Fukuka Fukuka-Shi Higashi-Ku 和白丘Fukuka-Shi Wajiro 7.0 min walk)
20.3 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-06-01T00:00:00Z
Trading price:   9,500,000 JPY,    Unit price:   146,153 JPY/sq.m
3. Fukuka Fukuka-Shi Higashi-Ku 和白丘Fukuka-Shi Wajiro 7.0 min walk)
20.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   215,384 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:

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 7.1 min in 2016 and 6.0 min in 2017; -15.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.6% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.7 years old in 2016 and 22.8 years old in 2017; +28.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 60.0% of total transactions in 2017)
The table below shows Apartment dealt in Fukuka JR Kashii Line Wajiro, 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 Wajiro

    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 Kashii Line Maimatsubara (28) [Stations]13,000,000186,60716.8 yrs3 min70 sq.m
    JR Kashii Line Kashiijinnguu (8) [Stations]13,000,000193,33314.8 yrs7 min70 sq.m
    JR JR Kashii Line (625) [Stations]14,000,000200,00019.3 yrs9 min75 sq.m
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