Nakameguro Apartment average value

Price 62,647,059 JPY
  (1,242,298 JPY/sq.m)
- Age 21.0 years old
- Dist. from Sta. 7.2 min walk
- Property area 45.5 sq.m

The average price of a sq.m Apartment of Tokyo Tokyu Toyoko Line Nakameguro, in 2017 was 2,562,749 JPY/sq.m. The market value represents an increase of 1,556,242 JPY (+154.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 19 (-61.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.1 years old (a +20.4% increase compared to the 22.5 years old of last year.). The average size of the real estate was 43.3 sq.m (a -12.8% decrease compared to the 49.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as 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

  • A dramatic decrease in average distance from the station (representing 6.7 min in 2016 and 5.3 min in 2017; -20.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.5% of total transactions in 2016 and 25.0% of total transactions in 2017)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 35.5% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.5 years old in 2016 and 27.1 years old in 2017; +20.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.7% of total transactions in 2016 and 16.7% of total transactions in 2017)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 38.7% of total transactions in 2016 and 41.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Nakameguro were calculated using data on the sales of 368 properties provided by the MLIT Japan.

Nakameguro Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
中目黒60,000,000 JPY3,305,785 JPY/sq.mNakameguro7 min
上目黒25,000,000 JPY2,066,116 JPY/sq.mNakameguro7 min
中目黒59,000,000 JPY3,000,635 JPY/sq.mNakameguro7 min

Toyoko Line Railway market report

2017. Jan - Dec
 103 tradings
2016. Jan - Dec
 240 tradings
2015. Jan - Dec
 184 tradings
2014. Jan - Dec
 213 tradings
4Q
32
3Q
33
2Q
9
1Q
29
4Q
66
3Q
49
2Q
88
1Q
37
4Q
55
3Q
47
2Q
22
1Q
60
4Q
46
3Q
49
2Q
63
1Q
55

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 New1,421,968 JPY/sq.m100 %
Residual Value (10 Years)1,189,085 JPY/sq.m84 %
Residual Value (20 Years)997,863 JPY/sq.m70 %
Residual Value (20 Years)848,302 JPY/sq.m60 %
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 Nakameguro 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 Tokyo Tokyu Toyoko Line Nakameguro 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. Tokyo Meguro-Ku 上目黒Meguro-Ku Nakameguro 7.0 min walk)
18.0 years old , Area: 40 sq.m , Layout: 1LDK , Structure: SRC
- Trading date: 2015-03-01T00:00:00Z
Trading price:   25,000,000 JPY,    Unit price:   625,000 JPY/sq.m
2. Tokyo Meguro-Ku 青葉台Meguro-Ku Nakameguro 8.0 min walk)
18.5 years old , Area: 35 sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2015-09-01T00:00:00Z
Trading price:   36,000,000 JPY,    Unit price:   1,028,571 JPY/sq.m
3. Tokyo Meguro-Ku 東山Meguro-Ku Nakameguro 6.0 min walk)
17.0 years old , Area: 35 sq.m , Layout: 1DK , Structure: SRC
- Trading date: 2010-03-01T00:00:00Z
Trading price:   27,000,000 JPY,    Unit price:   771,428 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 locations near to the station less than three minutes by foot from the station, as well as 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

  • A dramatic decrease in average distance from the station (representing 6.7 min in 2016 and 5.3 min in 2017; -20.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.5% of total transactions in 2016 and 25.0% of total transactions in 2017)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 35.5% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.5 years old in 2016 and 27.1 years old in 2017; +20.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.7% of total transactions in 2016 and 16.7% of total transactions in 2017)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 38.7% of total transactions in 2016 and 41.7% of total transactions in 2017)
The table below shows Apartment dealt in Tokyo Tokyu Toyoko Line Nakameguro, 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 Nakameguro

    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
    Toyoko Line Shibuya (728) [Stations]31,000,0001,000,00019.3 yrs8 min35 sq.m
    Toyoko Line Toritsudaigaku (504) [Stations]33,500,000910,79514.5 yrs9 min45 sq.m
    Tokyu Toyoko Line (3,003) [Stations]35,000,000908,39118.3 yrs8 min40 sq.m
    Toyoko Line Jiyuugaoka (104) [Stations]52,000,000822,52724.9 yrs9 min62 sq.m
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