Gobo-Shi Home average value
Price 10,963,636 JPY
- 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)
Gobo-Shi Home market value list
|Area||Average Trading Price||Average Unit Price|
|湯川町||16,832,258 JPY||96,580 JPY/sq.m|
|藤田町||14,787,500 JPY||74,882 JPY/sq.m|
|薗||22,843,750 JPY||103,942 JPY/sq.m|
|島||5,212,667 JPY||39,484 JPY/sq.m|
|名田町||8,480,000 JPY||70,545 JPY/sq.m|
|塩屋町||11,375,000 JPY||99,254 JPY/sq.m|
|御坊||10,020,000 JPY||99,756 JPY/sq.m|