Yokogawa Apartment average value

Price 17,761,538 JPY
  (290,822 JPY/sq.m)
- Age 19.1 years old
- Dist. from Sta. 9.0 min walk
- Property area 55.2 sq.m

The average price of a sq.m Apartment of Hiroshima Electric Railway Hiroden Yokogawa Line Yokogawa, in 2017 was 259,231 JPY/sq.m. The market value represents a decrease of 60,092 JPY (-18.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 8 (-72.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.8 years old (a +40.6% increase compared to the 16.9 years old of last year.). The average size of the real estate was 50.0 sq.m (a -15.4% decrease compared to the 59.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 45.5% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2016 and 23.8 years old in 2017; +40.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 66.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Yokogawa were calculated using data on the sales of 154 properties provided by the MLIT Japan.

Yokogawa Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
三篠町3,500,000 JPY771,349 JPY/sq.mYokogawa6 min
三篠町7,000,000 JPY771,349 JPY/sq.mYokogawa6 min
三篠町3,300,000 JPY727,273 JPY/sq.mYokogawa6 min
三篠町3,400,000 JPY749,309 JPY/sq.mYokogawa6 min
三篠町3,500,000 JPY771,349 JPY/sq.mYokogawa6 min
三篠町3,400,000 JPY749,309 JPY/sq.mYokogawa6 min
三篠町3,900,000 JPY859,504 JPY/sq.mYokogawa6 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 New535,293 JPY/sq.m100 %
Residual Value (10 Years)355,161 JPY/sq.m66 %
Residual Value (20 Years)255,360 JPY/sq.m48 %
Residual Value (20 Years)235,890 JPY/sq.m44 %
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 Yokogawa 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 Yokogawa 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. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 4.0 min walk)
27.3 years old , Area: 65 sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2008-06-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   276,923 JPY/sq.m

2. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 4.0 min walk)
27.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-12-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

3. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 7.0 min walk)
28.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-06-01T00:00:00Z

Trading price:   20,000,000 JPY,    Unit price:   285,714 JPY/sq.m

4. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 4.0 min walk)
29.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-06-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   186,666 JPY/sq.m

5. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 4.0 min walk)
29.8 years old , Area: 75 sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2010-12-01T00:00:00Z

Trading price:   17,000,000 JPY,    Unit price:   226,666 JPY/sq.m

6. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 7.0 min walk)
30.0 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2018-03-01T00:00:00Z

Trading price:   24,000,000 JPY,    Unit price:   342,857 JPY/sq.m

7. Hiroshima Hiroshima-Shi Nishi-Ku 三篠町Hiroshima-Shi Yokogawa 8.0 min walk)
18.0 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01T00:00:00Z

Trading price:   19,000,000 JPY,    Unit price:   292,307 JPY/sq.m

8. Hiroshima Hiroshima-Shi Nishi-Ku 中広町Hiroshima-Shi Yokogawa 8.0 min walk)
32.8 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2006-12-01T00:00:00Z

Trading price:   4,000,000 JPY,    Unit price:   66,666 JPY/sq.m

9. Hiroshima Hiroshima-Shi Nishi-Ku 三篠町Hiroshima-Shi Yokogawa 6.0 min walk)
15.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   169,230 JPY/sq.m

10. Hiroshima Hiroshima-Shi Nishi-Ku 三篠町Hiroshima-Shi Yokogawa 6.0 min walk)
15.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2011-12-01T00:00:00Z

Trading price:   19,000,000 JPY,    Unit price:   292,307 JPY/sq.m

11. Hiroshima Hiroshima-Shi Nishi-Ku 横川町Hiroshima-Shi Yokogawa 5.0 min walk)
34.0 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-03-01T00:00:00Z

Trading price:   4,500,000 JPY,    Unit price:   60,000 JPY/sq.m

12. Hiroshima Hiroshima-Shi Naka-Ku 広瀬北町Hiroshima-Shi Yokogawa 8.0 min walk)
15.3 years old , Area: 65 sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2018-06-01T00:00:00Z

Trading price:   28,000,000 JPY,    Unit price:   430,769 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 locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 45.5% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2016 and 23.8 years old in 2017; +40.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 66.7% of total transactions in 2017)
The table below shows Apartment dealt in Hiroshima Electric Railway Hiroden Yokogawa Line Yokogawa, 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 Yokogawa

    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
    Hiroshima Electric Railway Hiroden Yokogawa Line (155) [Stations]20,000,000272,72724.8 yrs6 min65 sq.m
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