Gobo-Shi Home average value

Price 10,963,636 JPY
  (71,045 JPY/sq.m)
- Age 25.7 years old
- Dist. from Sta. 20.3 min walk
- Property area 309.4 sq.m
- Total floor area 170.3 sq.m

The average price of a sq.m Home of Wakayama Gobo-Shi, in 2016 was 75,824 JPY/sq.m. The market value represents a decrease of 2,221 JPY (-2.8%) compared to 1 year ago and a transition to a slight market. 9 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.6 years old (a -34.4% decrease compared to the 26.8 years old of last year.). The average size of the real estate was 222.8 sq.m (a -22.9% decrease compared to the 288.9 sq.m of last year.). The average total floor space of the real estate was 111.9 sq.m (a -7.3% decrease compared to the 120.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 26.8 years old in 2015 and 17.6 years old in 2016; -34.4%)
  • A dramatic decrease in average distance from the station (representing 30.7 min in 2015 and 22.7 min in 2016; -26.1%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)
Data regarding the market value and its changes of Home in Gobo-Shi were calculated using data on the sales of 116 properties provided by the MLIT Japan.

Gobo-Shi Home market value list

AreaAverage Trading PriceAverage Unit Price
湯川町16,832,258 JPY96,580 JPY/sq.m
藤田町14,787,500 JPY74,882 JPY/sq.m
22,843,750 JPY103,942 JPY/sq.m
5,212,667 JPY39,484 JPY/sq.m
名田町8,480,000 JPY70,545 JPY/sq.m
塩屋町11,375,000 JPY99,254 JPY/sq.m
御坊10,020,000 JPY99,756 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.)
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AgeTrading PriceProportion
Price at New65,241 JPY/sq.m100 %
Residual Value (10 Years)68,485 JPY/sq.m105 %
Residual Value (20 Years)65,364 JPY/sq.m100 %
Residual Value (20 Years)55,877 JPY/sq.m86 %
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 Gobo-Shi 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 Wakayama Gobo-Shi 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 Gobo-Shi

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 relatively large total floor space more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 26.8 years old in 2015 and 17.6 years old in 2016; -34.4%)
  • A dramatic decrease in average distance from the station (representing 30.7 min in 2015 and 22.7 min in 2016; -26.1%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)
The table below shows Home dealt in Wakayama Gobo-Shi, 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 Gobo-Shi

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
Kainan-Shi (263) [Area]9,000,00072,13730.1 yrs19 min197 sq.m
Gobo-Shi 湯川町 (31) [Area]11,000,00066,66621.5 yrs15 min230 sq.m
Nishimuro-Gun Kamitonda-Cho (100) [Area]12,000,00075,43827.3 yrs27 min210 sq.m
Arida-Gun Hirogawa-Cho (16) [Area]7,650,00066,43327.3 yrs22 min305 sq.m
Gobo-Shi 藤田町 (24) [Area]7,650,00065,11628.3 yrs14 min275 sq.m
JR Kisei Main Line Nachi (22) [Stations]6,250,00071,42829.8 yrs17 min205 sq.m
Nankai Nankai Koya Line (328) [Stations]11,000,00074,05526.2 yrs15 min210 sq.m
JR Kisei Main Line Minabe (48) [Stations]8,650,00062,85724.5 yrs20 min325 sq.m
JR Kisei Main Line Hirokawabi-Chi (8) [Stations]4,000,00062,74031.4 yrs24 min305 sq.m
JR Kisei Main Line Kamogou (30) [Stations]8,750,00062,06821.0 yrs24 min215 sq.m
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