Kyushu Shinkansen Apartment average value
Price 15,176,562 JPY
- 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)
Kyushu Shinkansen Apartment market value list
|Stations||Average Trading Price||Average Unit Price|
|Sendai||16,800,000 JPY||215,126 JPY/sq.m|
|Kagoshima-Chuo||15,177,953 JPY||245,402 JPY/sq.m|