Ichibu Home average value

Price 15,777,273 JPY
  (154,718 JPY/sq.m)
- Age 21.9 years old
- Dist. from Sta. 10.8 min walk
- Property area 163.2 sq.m
- Total floor area 102.0 sq.m

The average price of a sq.m Home of Nara Kintetsu Ikoma Line Ichibu, in 2017 was 175,470 JPY/sq.m. The market value represents a decrease of 10,776 JPY (-5.8%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 17.8 years old (a -6.6% decrease compared to the 19.0 years old of last year.). The average size of the real estate was 133.1 sq.m (a -15.6% decrease compared to the 157.8 sq.m of last year.). The average total floor space of the real estate was 93.1 sq.m (a -15.3% decrease compared to the 110.0 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 12.4 min in 2016 and 9.9 min in 2017; -20.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • An decrease in transactions involving nearly new buildings under 3 years old (representing 44.4% of total transactions in 2016 and 37.5% of total transactions in 2017)
Data regarding the market value and its changes of Home in Ichibu were calculated using data on the sales of 86 properties provided by the MLIT Japan.

Ichibu Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
さつき台31,000,000 JPY819,835 JPY/sq.mIchibu9 min
壱分町3,500,000 JPY136,119 JPY/sq.mIchibu9 min
壱分町1,500,000 JPY61,983 JPY/sq.mIchibu9 min
壱分町5,500,000 JPY227,273 JPY/sq.mIchibu9 min

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 New286,597 JPY/sq.m100 %
Residual Value (10 Years)183,190 JPY/sq.m64 %
Residual Value (20 Years)111,210 JPY/sq.m39 %
Residual Value (20 Years)70,659 JPY/sq.m25 %
Color:
Unit:   Touch:



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

Home value Age transition

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 Ichibu 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 Ichibu 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. Nara Ikoma-Shi 壱分町Ikoma-Shi Ichibu 9.0 min walk)
27.0 years old , Area: 135 sq.m , Total floor area: 90 sq.m , Structure: 木造
- Trading date: 2012-03-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   122,222 JPY/sq.m

2. Nara Ikoma-Shi 壱分町Ikoma-Shi Ichibu 10.0 min walk)
27.3 years old , Area: 125 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2011-06-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   100,000 JPY/sq.m

3. Nara Ikoma-Shi 壱分町Ikoma-Shi Ichibu 8.0 min walk)
21.4 years old , Area: 130 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2010-06-01T00:00:00Z

Trading price:   16,000,000 JPY,    Unit price:   152,380 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 locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.4 min in 2016 and 9.9 min in 2017; -20.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • An decrease in transactions involving nearly new buildings under 3 years old (representing 44.4% of total transactions in 2016 and 37.5% of total transactions in 2017)
The table below shows Home dealt in Nara Kintetsu Ikoma Line Ichibu, 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 Ichibu

    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
    Kintetsu Ikoma Line Haginodai (45) [Stations]19,000,000165,21724.0 yrs9 min185 sq.m
    Kintetsu Ikoma Line Nabata (64) [Stations]28,000,000175,81717.1 yrs9 min165 sq.m
    Kintetsu Kintetsu Ikoma Line (1,684) [Stations]14,000,000113,39228.9 yrs13 min175 sq.m
    Kintetsu Ikoma Line Seyakitaguchi (129) [Stations]10,150,000112,89427.9 yrs10 min182 sq.m
    Kintetsu Ikoma Line Motosannjouguchi (62) [Stations]12,000,000112,14229.5 yrs12 min210 sq.m
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