Tottorinoshou Apartment average value

Price 6,077,778 JPY
  (93,189 JPY/sq.m)
- Age 24.5 years old
- Dist. from Sta. 3.8 min walk
- Property area 62.8 sq.m

The average price of a sq.m Apartment of Osaka Nankai Main Line Tottorinoshou, in 2016 was 35,555 JPY/sq.m. The market value represents a decrease of 84,445 JPY (-70.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 43.5 years old (a +141.7% increase compared to the 18.0 years old of last year.). The average size of the real estate was 45.0 sq.m (a -30.8% decrease compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2015 and 43.5 years old in 2016; +141.7%)
  • A dramatic increase in average distance from the station (representing 1.0 min in 2015 and 9.0 min in 2016; +800.0%)
Data regarding the market value and its changes of Apartment in Tottorinoshou were calculated using data on the sales of 9 properties provided by the MLIT Japan.

Tottorinoshou Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
鳥取7,800,000 JPY396,694 JPY/sq.mTottorinoshou1 min
鳥取8,000,000 JPY352,615 JPY/sq.mTottorinoshou1 min
鳥取7,700,000 JPY363,636 JPY/sq.mTottorinoshou1 min
鳥取7,300,000 JPY321,762 JPY/sq.mTottorinoshou1 min
鳥取7,000,000 JPY385,673 JPY/sq.mTottorinoshou1 min
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

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 New312,688 JPY/sq.m100 %
Residual Value (10 Years)181,867 JPY/sq.m58 %
Residual Value (20 Years)94,920 JPY/sq.m30 %
Residual Value (20 Years)51,848 JPY/sq.m17 %
Color:
Unit:   Touch:


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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 Tottorinoshou 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 Tottorinoshou 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. Osaka Han'Nan-Shi 鳥取Han'Nan-Shi Tottorinoshou 1.0 min walk)
18.0 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01T00:00:00Z

Trading price:   7,800,000 JPY,    Unit price:   120,000 JPY/sq.m

2. Osaka Han'Nan-Shi 鳥取Han'Nan-Shi Tottorinoshou 1.0 min walk)
16.5 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01T00:00:00Z

Trading price:   8,000,000 JPY,    Unit price:   106,666 JPY/sq.m

3. Osaka Han'Nan-Shi 鳥取Han'Nan-Shi Tottorinoshou 1.0 min walk)
21.0 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-03-01T00:00:00Z

Trading price:   7,700,000 JPY,    Unit price:   110,000 JPY/sq.m

4. Osaka Han'Nan-Shi 鳥取Han'Nan-Shi Tottorinoshou 1.0 min walk)
14.8 years old , Area: 75 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2011-12-01T00:00:00Z

Trading price:   7,300,000 JPY,    Unit price:   97,333 JPY/sq.m

5. Osaka Han'Nan-Shi 鳥取Han'Nan-Shi Tottorinoshou 1.0 min walk)
14.8 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-12-01T00:00:00Z

Trading price:   7,000,000 JPY,    Unit price:   116,666 JPY/sq.m

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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:


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Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2015 and 43.5 years old in 2016; +141.7%)
  • A dramatic increase in average distance from the station (representing 1.0 min in 2015 and 9.0 min in 2016; +800.0%)
The table below shows Apartment dealt in Osaka Nankai Main Line Tottorinoshou, 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 Tottorinoshou

    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
    Nankai Main Line Misakikouenn (18) [Stations]7,100,000109,16615.5 yrs3 min65 sq.m
    Nankai Main Line Hagurazaki (105) [Stations]7,800,000116,36321.5 yrs4 min65 sq.m
    Nankai Main Line Iharanosato (19) [Stations]9,000,000124,00025.0 yrs5 min65 sq.m
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