Nishi-Ku Land average value

Price 15,488,443 JPY
  (50,313 JPY/sq.m)
- Dist. from Sta. 91.9 min walk
- Property area 340.9 sq.m

The average price of a sq.m Land of Shizuoka Hamamatsu-Shi Nishi-Ku, in 2017 was 40,138 JPY/sq.m. The market value represents a decrease of 11,221 JPY (-21.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 64 (-90.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 368.6 sq.m (a +3.9% increase compared to the 354.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

Causes of price decreases

  • An increase in average distance from the station (representing 93.0 min in 2016 and 102.9 min in 2017; +10.6%)
Data regarding the market value and its changes of Land in Nishi-Ku were calculated using data on the sales of 948 properties provided by the MLIT Japan.

Nishi-Ku Land market value list

AreaAverage Trading PriceAverage Unit Price
入野町20,522,500 JPY71,466 JPY/sq.m
篠原町12,916,667 JPY40,529 JPY/sq.m
雄踏町宇布見10,538,710 JPY45,529 JPY/sq.m
大平台40,437,500 JPY112,171 JPY/sq.m
舞阪町舞阪12,921,429 JPY46,292 JPY/sq.m
志都呂町20,572,727 JPY82,861 JPY/sq.m
西山町11,626,667 JPY38,803 JPY/sq.m
湖東町25,378,049 JPY41,312 JPY/sq.m
大人見町18,625,676 JPY57,319 JPY/sq.m
桜台33,400,000 JPY63,954 JPY/sq.m
舞阪町弁天島11,200,000 JPY41,480 JPY/sq.m
舘山寺町8,239,286 JPY34,576 JPY/sq.m
馬郡町16,108,000 JPY44,014 JPY/sq.m
伊左地町11,930,000 JPY39,874 JPY/sq.m
西鴨江町20,284,210 JPY94,435 JPY/sq.m
村櫛町9,066,667 JPY30,230 JPY/sq.m
雄踏10,293,333 JPY43,699 JPY/sq.m
舞阪町浜田12,652,941 JPY52,396 JPY/sq.m
神ケ谷町13,429,412 JPY44,989 JPY/sq.m
雄踏町山崎8,015,714 JPY29,503 JPY/sq.m
坪井町21,623,077 JPY41,659 JPY/sq.m
大久保町11,263,636 JPY34,002 JPY/sq.m
神原町13,962,500 JPY26,986 JPY/sq.m
舞阪町長十新田185,814,286 JPY44,577 JPY/sq.m
古人見町11,416,667 JPY31,009 JPY/sq.m
大山町30,500,000 JPY26,106 JPY/sq.m
和地町6,990,000 JPY24,265 JPY/sq.m
庄和町3,057,500 JPY14,643 JPY/sq.m
和光町9,275,000 JPY23,287 JPY/sq.m
平松町26,050,000 JPY32,174 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 Shizuoka Hamamatsu-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 decrease in transactions involving relatively large size more than 100 sq.m.

Causes of price decreases

  • An increase in average distance from the station (representing 93.0 min in 2016 and 102.9 min in 2017; +10.6%)
The table below shows Land dealt in Shizuoka Hamamatsu-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
Kita-Ku 三方原町 (233) [Area]14,000,00050,000 yrs120 min260 sq.m
Higashi-Ku 中野町 (32) [Area]12,000,00049,375 yrs60 min260 sq.m
Kita-Ku 豊岡町 (27) [Area]15,000,00051,515 yrs120 min320 sq.m
Higashi-Ku 有玉北町 (69) [Area]15,000,00048,780 yrs90 min300 sq.m
Kita-Ku 都田町 (55) [Area]12,000,00052,000 yrs120 min250 sq.m
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