Nishi-Ku Home average value

Price 27,838,384 JPY
  (241,447 JPY/sq.m)
- Age 10.2 years old
- Dist. from Sta. 19.7 min walk
- Property area 156.4 sq.m
- Total floor area 119.3 sq.m

The average price of a sq.m Home of Saitama-Shi Nishi-Ku, in 2017 was 230,000 JPY/sq.m. The market value represents a decrease of 19,512 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 53 (-96.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.0 years old (a +128.4% increase compared to the 7.4 years old of last year.). The average size of the real estate was 152.5 sq.m (a +3.0% increase compared to the 148.1 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -14.6% decrease compared to the 117.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.8 min in 2016 and 12.0 min in 2017; -42.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.4 years old in 2016 and 17.0 years old in 2017; +128.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.7% of total transactions in 2016 and 50.0% 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 896 properties provided by the MLIT Japan.

Nishi-Ku Home market value list

AreaAverage Trading PriceAverage Unit Price
大字指扇26,672,727 JPY254,673 JPY/sq.m
三橋33,535,714 JPY282,719 JPY/sq.m
大字内野本郷21,962,500 JPY216,729 JPY/sq.m
大字佐知川27,318,182 JPY202,011 JPY/sq.m
大字土屋26,148,936 JPY254,563 JPY/sq.m
プラザ24,707,500 JPY233,469 JPY/sq.m
大字高木57,538,462 JPY248,586 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30,809,524 JPY209,635 JPY/sq.m
大字指扇領別所29,437,500 JPY269,825 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12,316,667 JPY156,864 JPY/sq.m
大字三条町45,333,333 JPY268,728 JPY/sq.m
塚本町15,800,000 JPY144,814 JPY/sq.m
湯木町21,250,000 JPY193,859 JPY/sq.m
大字植田谷本19,825,000 JPY181,866 JPY/sq.m
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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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
AgeTrading PriceProportion
Price at New282,247 JPY/sq.m100 %
Residual Value (10 Years)203,413 JPY/sq.m72 %
Residual Value (20 Years)165,311 JPY/sq.m59 %
Residual Value (20 Years)167,941 JPY/sq.m60 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 in Nishi-Ku

Past Home sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.8 min in 2016 and 12.0 min in 2017; -42.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.4 years old in 2016 and 17.0 years old in 2017; +128.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.7% of total transactions in 2016 and 50.0% 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 大字岩槻 (19) [Area]25,000,000244,5818.4 yrs23 min135 sq.m
Iwatsuki-Ku 宮町 (30) [Area]23,500,000234,5398.4 yrs17 min127 sq.m
Nishi-Ku 宮前町 (33) [Area]26,000,000257,1428.9 yrs16 min135 sq.m
Iwatsuki-Ku 美幸町 (12) [Area]29,000,000215,0008.6 yrs19 min167 sq.m
Saitama-Shi Iwatsuki-Ku (926) [Area]22,000,000210,0008.4 yrs18 min135 sq.m
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