Sanyo Shinkansen Apartment average value
Price 13,712,500 JPY
- Age 19.2 years old
- Dist. from Sta. 11.8 min walk
- Property area 73.2 sq.m
The average price of a sq.m Apartment of Yamaguchi Shinkansen Sanyo Shinkansen, in 2017 was 225,614 JPY/sq.m. The market value represents an increase of 31,898 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 28 (-93.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 14.5 years old (a -29.2% decrease compared to the 20.5 years old of last year.). The average size of the real estate was 85.0 sq.m (a +14.1% increase compared to the 74.5 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 decrease in average age of the building (representing 20.5 years old in 2016 and 14.5 years old in 2017; -29.2%)
Causes of price decreases
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
Sanyo Shinkansen Apartment market value list
|Stations||Average Trading Price||Average Unit Price|
|Tokuyama||11,555,000 JPY||165,610 JPY/sq.m|
|Shin-Yamaguchi||16,609,091 JPY||203,837 JPY/sq.m|
|Shin-Shimonoseki||15,442,105 JPY||195,791 JPY/sq.m|