Gobo-Shi Home average value

Price 8,329,032 JPY
  (61,905 JPY/sq.m)
- Age 26.7 years old
- Dist. from Sta. 23.6 min walk
- Property area 314.2 sq.m
- Total floor area 164.1 sq.m

The average price of a sq.m Home of Wakayama Gobo-Shi, in 2017 was 25,213 JPY/sq.m. The market value represents a decrease of 44,314 JPY (-63.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 10 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.2 years old (a +52.0% increase compared to the 20.5 years old of last year.). The average size of the real estate was 260.0 sq.m (a +8.0% increase compared to the 240.7 sq.m of last year.). The average total floor space of the real estate was 93.8 sq.m (a -26.4% decrease compared to the 127.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.5 years old in 2016 and 31.2 years old in 2017; +52.0%)
  • An increase in average distance from the station (representing 18.3 min in 2016 and 21.0 min in 2017; +14.8%)
Data regarding the market value and its changes of Home in Gobo-Shi were calculated using data on the sales of 123 properties provided by the MLIT Japan.

Gobo-Shi Home market value list

AreaAverage Trading PriceAverage Unit Price
湯川町15,570,588 JPY89,731 JPY/sq.m
藤田町15,716,000 JPY73,483 JPY/sq.m
22,843,750 JPY103,942 JPY/sq.m
5,212,667 JPY39,484 JPY/sq.m
名田町8,983,333 JPY67,134 JPY/sq.m
塩屋町10,166,667 JPY88,879 JPY/sq.m
御坊10,020,000 JPY99,756 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 New108,017 JPY/sq.m100 %
Residual Value (10 Years)83,916 JPY/sq.m78 %
Residual Value (20 Years)63,378 JPY/sq.m59 %
Residual Value (20 Years)46,402 JPY/sq.m43 %
Color:
Unit:   Touch:



Home value Age transition. Market values in terms of Age.

Home value Age transition

Property Details:
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{{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 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

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

1. Wakayama Gobo-Shi 藤田町Gobo-Shi Gobou 14.0 min walk)
26.5 years old , Area: 160 sq.m , Total floor area: 70 sq.m , Structure: 木造
- Trading date: 2009-09-01T00:00:00Z

Trading price:   7,500,000 JPY,    Unit price:   107,142 JPY/sq.m

2. Wakayama Gobo-Shi 藤田町Gobo-Shi Doujouji 14.0 min walk)
26.5 years old , Area: 200 sq.m , Total floor area: 130 sq.m , Structure: 鉄骨造
- Trading date: 2013-09-01T00:00:00Z

Trading price:   5,000,000 JPY,    Unit price:   38,461 JPY/sq.m

3. Wakayama Gobo-Shi 藤田町Gobo-Shi Doujouji 16.0 min walk)
21.0 years old , Area: 180 sq.m , Total floor area: 75 sq.m , Structure: 木造
- Trading date: 2009-03-01T00:00:00Z

Trading price:   3,000,000 JPY,    Unit price:   40,000 JPY/sq.m

4. Wakayama Gobo-Shi 湯川町Gobo-Shi Kiiuchihara 17.0 min walk)
33.3 years old , Area: 210 sq.m , Total floor area: 145 sq.m , Structure: RC
- Trading date: 2009-06-01T00:00:00Z

Trading price:   3,000,000 JPY,    Unit price:   20,689 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:



Home market value trends Market value trends for Home.

Home market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.5 years old in 2016 and 31.2 years old in 2017; +52.0%)
  • An increase in average distance from the station (representing 18.3 min in 2016 and 21.0 min in 2017; +14.8%)
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
    Hidaka-Gun Minabe-Cho (50) [Area]6,850,00061,13029.0 yrs19 min375 sq.m
    Arida-Gun Hirogawa-Cho (18) [Area]6,600,00063,06827.3 yrs22 min305 sq.m
    Tanabe-Shi 上の山 (14) [Area]16,000,00056,44730.3 yrs27 min325 sq.m
    JR Kisei Main Line Kushimoto (81) [Stations]10,000,00061,57824.8 yrs15 min220 sq.m
    JR Kisei Main Line Hirokawabi-Chi (10) [Stations]4,000,00062,74026.6 yrs27 min305 sq.m
    JR Kisei Main Line Nachi (24) [Stations]5,000,00063,33329.8 yrs22 min220 sq.m
    JR Kisei Main Line Doujouji (31) [Stations]5,900,00060,46424.3 yrs19 min270 sq.m
    JR Kisei Main Line Kiiuchihara (62) [Stations]6,000,00060,00020.5 yrs30 min220 sq.m
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