Nishi-Ku Home average value

Price 28,383,234 JPY
  (243,224 JPY/sq.m)
- Age 10.1 years old
- Dist. from Sta. 20.2 min walk
- Property area 156.1 sq.m
- Total floor area 117.2 sq.m

The average price of a sq.m Home of Saitama-Shi Nishi-Ku, in 2017 was 222,181 JPY/sq.m. The market value represents a decrease of 26,600 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 66 (-91.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.8 years old (a +138.0% increase compared to the 8.3 years old of last year.). The average size of the real estate was 275.8 sq.m (a +91.5% increase compared to the 144.0 sq.m of last year.). The average total floor space of the real estate was 153.3 sq.m (a +31.4% increase compared to the 116.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.3 years old in 2016 and 19.8 years old in 2017; +138.0%)
  • A dramatic increase in average distance from the station (representing 20.0 min in 2016 and 25.3 min in 2017; +26.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 15.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 63.9% of total transactions in 2016 and 16.7% of total transactions in 2017)
Data regarding the market value and its changes of Home in Nishi-Ku were calculated using data on the sales of 912 properties provided by the MLIT Japan.

Nishi-Ku Home market value list

AreaAverage Trading PriceAverage Unit Price
大字指扇27,166,667 JPY256,975 JPY/sq.m
三橋34,640,000 JPY282,826 JPY/sq.m
大字内野本郷22,085,366 JPY217,860 JPY/sq.m
大字佐知川26,506,250 JPY236,097 JPY/sq.m
大字土屋26,148,936 JPY254,563 JPY/sq.m
プラザ24,812,195 JPY234,511 JPY/sq.m
大字高木57,125,000 JPY251,769 JPY/sq.m
大字宝来25,769,444 JPY255,826 JPY/sq.m
宮前町23,687,879 JPY235,413 JPY/sq.m
大字西遊馬24,969,697 JPY236,750 JPY/sq.m
大字二ツ宮22,089,655 JPY211,688 JPY/sq.m
大字水判土30,500,000 JPY210,023 JPY/sq.m
大字指扇領別所29,470,588 JPY267,025 JPY/sq.m
大字飯田新田33,866,667 JPY203,342 JPY/sq.m
大字中野林24,353,846 JPY233,246 JPY/sq.m
大字中釘25,454,546 JPY185,615 JPY/sq.m
大字清河寺44,000,000 JPY195,449 JPY/sq.m
大字島根35,444,444 JPY266,302 JPY/sq.m
大字飯田31,043,478 JPY223,278 JPY/sq.m
大字西新井11,557,143 JPY148,741 JPY/sq.m
大字三条町45,333,333 JPY268,728 JPY/sq.m
湯木町20,800,000 JPY195,087 JPY/sq.m
塚本町15,800,000 JPY144,814 JPY/sq.m
大字植田谷本19,825,000 JPY181,866 JPY/sq.m

Home 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 Home 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 New280,568 JPY/sq.m100 %
Residual Value (10 Years)216,324 JPY/sq.m77 %
Residual Value (20 Years)183,028 JPY/sq.m65 %
Residual Value (20 Years)180,682 JPY/sq.m64 %
Color:
Unit:   Touch:
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 Nishi-Ku Home market value

We can calculate market values for Home 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 Saitama-Shi Nishi-Ku Home 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 Home sales data, with similarly entered ages, area, and distances from station are as follows.

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1. Saitama Saitama-Shi Nishi-Ku 大字指扇Saitama-Shi Nishioomiya 19.0 min walk)
1.0 years old , Area: 120 sq.m , Total floor area: 100 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z
Trading price:   29,000,000 JPY,    Unit price:   290,000 JPY/sq.m
2. Saitama Saitama-Shi Nishi-Ku 大字指扇Saitama-Shi Nishioomiya 19.0 min walk)
1.0 years old , Area: 135 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2016-03-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   209,523 JPY/sq.m
3. Saitama Saitama-Shi Nishi-Ku 大字指扇Saitama-Shi Nishioomiya 18.0 min walk)
1.0 years old , Area: 120 sq.m , Total floor area: 100 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z
Trading price:   28,000,000 JPY,    Unit price:   280,000 JPY/sq.m
4. Saitama Saitama-Shi Nishi-Ku 大字指扇Saitama-Shi Nishioomiya 18.0 min walk)
1.0 years old , Area: 115 sq.m , Total floor area: 95 sq.m , Structure: 木造
- Trading date: 2012-03-01T00:00:00Z
Trading price:   36,000,000 JPY,    Unit price:   378,947 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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Home market value trends

Market value trends for Home 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 very large size more than 200 sq.m, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.3 years old in 2016 and 19.8 years old in 2017; +138.0%)
  • A dramatic increase in average distance from the station (representing 20.0 min in 2016 and 25.3 min in 2017; +26.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 15.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 63.9% of total transactions in 2016 and 16.7% of total transactions in 2017)
The table below shows Home dealt in Saitama-Shi Nishi-Ku, 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 Nishi-Ku

    The closest areas in terms of Home 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
    Iwatsuki-Ku 仲町 (19) [Area]22,000,000232,45510.5 yrs15 min125 sq.m
    Nishi-Ku 宮前町 (33) [Area]26,000,000257,1428.9 yrs16 min135 sq.m
    Iwatsuki-Ku 南平野 (17) [Area]22,000,000220,0009.8 yrs15 min140 sq.m
    Midori-Ku 大字大崎 (6) [Area]18,500,000219,04713.6 yrs27 min152 sq.m
    Iwatsuki-Ku 西原 (22) [Area]29,000,000218,25312.8 yrs12 min135 sq.m
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