Nishi-Ku Land average value

Price 21,045,865 JPY
  (99,300 JPY/sq.m)
- Dist. from Sta. 19.4 min walk
- Property area 273.6 sq.m

The average price of a sq.m Land of Saitama-Shi Nishi-Ku, in 2017 was 83,928 JPY/sq.m. The market value represents a decrease of 21,147 JPY (-20.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 37 (-90.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 312.5 sq.m (a +40.4% increase compared to the 222.6 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2016 and 26.2 min in 2017; +30.9%)
Data regarding the market value and its changes of Land in Nishi-Ku were calculated using data on the sales of 815 properties provided by the MLIT Japan.

Nishi-Ku Land market value list

AreaAverage Trading PriceAverage Unit Price
三橋22,444,000 JPY110,174 JPY/sq.m
大字指扇20,137,931 JPY114,583 JPY/sq.m
大字内野本郷16,494,203 JPY109,767 JPY/sq.m
大字佐知川18,063,158 JPY117,339 JPY/sq.m
大字高木14,979,750 JPY81,727 JPY/sq.m
大字宝来29,389,189 JPY116,827 JPY/sq.m
大字土屋24,770,000 JPY117,572 JPY/sq.m
大字清河寺30,992,308 JPY104,636 JPY/sq.m
大字西遊馬24,750,000 JPY95,148 JPY/sq.m
プラザ20,016,000 JPY131,309 JPY/sq.m
大字中野林28,504,167 JPY69,192 JPY/sq.m
大字植田谷本9,739,130 JPY37,104 JPY/sq.m
宮前町24,645,454 JPY88,390 JPY/sq.m
大字二ツ宮18,605,263 JPY84,596 JPY/sq.m
大字指扇領別所24,441,176 JPY134,049 JPY/sq.m
大字島根24,150,000 JPY58,876 JPY/sq.m
大字水判土18,500,000 JPY73,298 JPY/sq.m
大字中釘19,900,000 JPY44,873 JPY/sq.m
大字飯田新田19,150,000 JPY46,288 JPY/sq.m
大字飯田15,208,333 JPY58,580 JPY/sq.m
大字昭和9,812,500 JPY5,684 JPY/sq.m
大字西新井9,400,000 JPY72,600 JPY/sq.m
大字三条町32,040,000 JPY70,777 JPY/sq.m
大字指扇領辻15,125,000 JPY69,722 JPY/sq.m
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
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Color:

Unit:
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 Nishi-Ku Land market value

We can calculate market values for Land 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 Saitama-Shi Nishi-Ku Land 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 in Nishi-Ku

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

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2016 and 26.2 min in 2017; +30.9%)
The table below shows Land dealt in Saitama-Shi Nishi-Ku, 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 Nishi-Ku

The closest areas in terms of Land 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
Nishi-Ku 大字西遊馬 (26) [Area]20,000,00088,888 yrs16 min225 sq.m
Midori-Ku 大字大牧 (16) [Area]22,500,000109,722 yrs22 min225 sq.m
Minuma-Ku 大字東宮下 (37) [Area]16,000,00083,870 yrs18 min220 sq.m
Iwatsuki-Ku 大字岩槻 (45) [Area]17,000,00081,716 yrs23 min230 sq.m
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