Ouji Home average value

Price 23,730,097 JPY
  (147,676 JPY/sq.m)
- Age 21.7 years old
- Dist. from Sta. 25.0 min walk
- Property area 194.1 sq.m
- Total floor area 148.1 sq.m

The average price of a sq.m Home of Nara Kintetsu Ikoma Line Ouji, in 2017 was 80,826 JPY/sq.m. The market value represents a decrease of 56,446 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 27 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.9 years old (a +43.8% increase compared to the 22.9 years old of last year.). The average size of the real estate was 258.9 sq.m (a +20.7% increase compared to the 214.4 sq.m of last year.). The average total floor space of the real estate was 186.9 sq.m (a +14.7% increase compared to the 162.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 28.0 min in 2016 and 23.4 min in 2017; -16.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.9 years old in 2016 and 32.9 years old in 2017; +43.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 47.2% of total transactions in 2016 and 62.5% of total transactions in 2017)
Data regarding the market value and its changes of Home in Ouji were calculated using data on the sales of 472 properties provided by the MLIT Japan.

Ouji Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
本町6,500,000 JPY238,750 JPY/sq.mOuji25 min
本町18,000,000 JPY495,868 JPY/sq.mOuji24 min
太子22,000,000 JPY727,273 JPY/sq.mOuji26 min
太子7,400,000 JPY271,808 JPY/sq.mOuji26 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 New242,701 JPY/sq.m100 %
Residual Value (10 Years)169,859 JPY/sq.m70 %
Residual Value (20 Years)119,507 JPY/sq.m49 %
Residual Value (20 Years)91,645 JPY/sq.m38 %
Color:
Unit:   Touch:



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

Home value Age transition

Property Details:
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- 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 Ouji 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 Ouji 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-Gun Ikaruga-Cho 龍田西Ikoma-Gun Ouji 25.0 min walk)
29.3 years old , Area: 165 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2012-06-01T00:00:00Z

Trading price:   7,100,000 JPY,    Unit price:   59,166 JPY/sq.m

2. Nara Kitakatsuragi-Gun Oji-Cho 本町Kitakatsuragi-Gun Ouji 24.0 min walk)
30.3 years old , Area: 160 sq.m , Total floor area: 105 sq.m , Structure: 軽量鉄骨造
- Trading date: 2011-06-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   133,333 JPY/sq.m

3. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 28.0 min walk)
28.8 years old , Area: 195 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2010-12-01T00:00:00Z

Trading price:   17,000,000 JPY,    Unit price:   161,904 JPY/sq.m

4. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 26.0 min walk)
31.0 years old , Area: 190 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2013-03-01T00:00:00Z

Trading price:   12,000,000 JPY,    Unit price:   100,000 JPY/sq.m

5. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 27.0 min walk)
31.0 years old , Area: 190 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2013-03-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   125,000 JPY/sq.m

6. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 28.0 min walk)
30.5 years old , Area: 185 sq.m , Total floor area: 120 sq.m , Structure: 軽量鉄骨造
- Trading date: 2014-09-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   116,666 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 very large size more than 200 sq.m, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 28.0 min in 2016 and 23.4 min in 2017; -16.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.9 years old in 2016 and 32.9 years old in 2017; +43.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 47.2% of total transactions in 2016 and 62.5% of total transactions in 2017)
The table below shows Home dealt in Nara Kintetsu Ikoma Line Ouji, 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 Ouji

    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 Ikoma (414) [Stations]15,000,000117,64031.0 yrs15 min145 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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