Ouji Home average value

Price 22,833,684 JPY
  (146,511 JPY/sq.m)
- Age 22.7 years old
- Dist. from Sta. 25.2 min walk
- Property area 193.3 sq.m
- Total floor area 146.4 sq.m

The average price of a sq.m Home of Nara Kintetsu Ikoma Line Ouji, in 2018 was 127,709 JPY/sq.m. The market value represents an increase of 46,883 JPY (+58.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 6 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.3 years old (a -20.0% decrease compared to the 32.9 years old of last year.). The average size of the real estate was 166.7 sq.m (a -35.6% decrease compared to the 258.9 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a -38.5% decrease compared to the 186.9 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 dramatic decrease in average age of the building (representing 32.9 years old in 2017 and 26.3 years old in 2018; -20.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.5% of total transactions in 2017 and 23.1% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2017 and 30.8% of total transactions in 2018)
Data regarding the market value and its changes of Home in Ouji were calculated using data on the sales of 474 properties provided by the MLIT Japan.

Ouji Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
本町14,000,000 JPY440,770 JPY/sq.mOuji24 min
龍田西7,100,000 JPY195,590 JPY/sq.mOuji25 min
太子12,000,000 JPY330,579 JPY/sq.mOuji26 min
龍田南5,000,000 JPY157,418 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 New244,708 JPY/sq.m100 %
Residual Value (10 Years)164,696 JPY/sq.m67 %
Residual Value (20 Years)111,614 JPY/sq.m46 %
Residual Value (20 Years)85,460 JPY/sq.m35 %
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 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

2. 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

3. 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

4. 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

5. 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

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

7. Nara Ikoma-Gun Ikaruga-Cho 龍田西Ikoma-Gun Ouji 24.0 min walk)
34.3 years old , Area: 200 sq.m , Total floor area: 85 sq.m , Structure: 軽量鉄骨造
- Trading date: 2013-06-01T00:00:00Z

Trading price:   7,800,000 JPY,    Unit price:   91,764 JPY/sq.m

8. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 28.0 min walk)
33.0 years old , Area: 190 sq.m , Total floor area: 95 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z

Trading price:   9,300,000 JPY,    Unit price:   97,894 JPY/sq.m

9. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 28.0 min walk)
34.0 years old , Area: 185 sq.m , Total floor area: 95 sq.m , Structure: 木造
- Trading date: 2016-03-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   136,842 JPY/sq.m

10. Nara Kitakatsuragi-Gun Oji-Cho 太子Kitakatsuragi-Gun Ouji 28.0 min walk)
34.8 years old , Area: 195 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2017-12-01T00:00:00Z

Trading price:   7,500,000 JPY,    Unit price:   68,181 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 dramatic decrease in average age of the building (representing 32.9 years old in 2017 and 26.3 years old in 2018; -20.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.5% of total transactions in 2017 and 23.1% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2017 and 30.8% of total transactions in 2018)
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 (420) [Stations]15,500,000117,64031.5 yrs15 min147 sq.m
    Kintetsu Kintetsu Ikoma Line (1,706) [Stations]15,000,000114,28529.3 yrs13 min175 sq.m
    Kintetsu Ikoma Line Motosannjouguchi (64) [Stations]12,000,000110,00029.7 yrs12 min210 sq.m
    Kintetsu Ikoma Line Shigisannshita (80) [Stations]12,500,000104,34728.6 yrs12 min190 sq.m
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