Kyushu Shinkansen Apartment average value

Price 15,176,562 JPY
  (245,159 JPY/sq.m)
- Age 20.4 years old
- Dist. from Sta. 19.5 min walk
- Property area 55.8 sq.m

The average price of a sq.m Apartment of Kagoshima Shinkansen Kyushu Shinkansen, in 2017 was 171,371 JPY/sq.m. The market value represents a decrease of 73,816 JPY (-30.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 35 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.6 years old (a +36.2% increase compared to the 21.0 years old of last year.). The average size of the real estate was 35.0 sq.m (a -34.7% decrease compared to the 53.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.0 years old in 2016 and 28.6 years old in 2017; +36.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 80.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Kyushu Shinkansen were calculated using data on the sales of 525 properties provided by the MLIT Japan.

Kyushu Shinkansen Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Sendai16,800,000 JPY215,126 JPY/sq.m
Kagoshima-Chuo15,177,953 JPY245,402 JPY/sq.m

Kyushu Shinkansen Railway market report

2017 2016. Jan Sep
 40 tradings
2015. Jan Dec
 32 tradings
2014. Jan Dec
 30 tradings
2013. Jan Dec
 47 tradings
-3Q
10
2Q
16
1Q
14
4Q
5
3Q
8
2Q
4
1Q
15
4Q
7
3Q
11
2Q
4
1Q
8
4Q
13
3Q
6
2Q
14
1Q
14
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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.)
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AgeTrading PriceProportion
Price at New436,235 JPY/sq.m100 %
Residual Value (10 Years)336,564 JPY/sq.m77 %
Residual Value (20 Years)248,986 JPY/sq.m57 %
Residual Value (20 Years)173,500 JPY/sq.m40 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Kyushu Shinkansen 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 Kagoshima Shinkansen Kyushu Shinkansen 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 in Kyushu Shinkansen

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.0 years old in 2016 and 28.6 years old in 2017; +36.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 80.0% of total transactions in 2017)
The table below shows Apartment dealt in Kagoshima Shinkansen Kyushu Shinkansen, 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 Kyushu Shinkansen

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
Kyushu Shinkansen Kagoshima-Chuo (520) [Stations]16,000,000242,85720.3 yrs20 min70 sq.m
Shinkansen (525) [Stations]16,000,000241,42819.8 yrs20 min70 sq.m
Kyushu Shinkansen Sendai (5) [Stations]16,000,000214,28519.8 yrs20 min80 sq.m
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