Shinnnishiwaki Land average value

Price 9,800,000 JPY
  (25,452 JPY/sq.m)
- Dist. from Sta. 22.4 min walk
- Property area 410.7 sq.m

The average price of a sq.m Land of Hyogo JR Kakogawa Line Shinnnishiwaki, in 2018 was 19,262 JPY/sq.m. The market value represents a decrease of 10,945 JPY (-36.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.0 sq.m (a +82.0% increase compared to the 208.8 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 18.8 min in 2017 and 31.2 min in 2018; +66.4%)
Data regarding the market value and its changes of Land in Shinnnishiwaki were calculated using data on the sales of 102 properties provided by the MLIT Japan.

Shinnnishiwaki Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
西脇4,500,000 JPY135,236 JPY/sq.mShinnnishiwaki17 min
和田町30,000,000 JPY82,645 JPY/sq.mShinnnishiwaki16 min
西脇25,000,000 JPY100,783 JPY/sq.mShinnnishiwaki16 min
下戸田8,500,000 JPY351,240 JPY/sq.mShinnnishiwaki18 min
西脇7,200,000 JPY119,008 JPY/sq.mShinnnishiwaki18 min
西脇3,100,000 JPY136,638 JPY/sq.mShinnnishiwaki18 min
西脇5,800,000 JPY39,944 JPY/sq.mShinnnishiwaki16 min
和田町13,000,000 JPY53,719 JPY/sq.mShinnnishiwaki18 min
西脇3,000,000 JPY66,116 JPY/sq.mShinnnishiwaki16 min
和田町8,300,000 JPY18,291 JPY/sq.mShinnnishiwaki16 min
上野7,400,000 JPY122,314 JPY/sq.mShinnnishiwaki18 min
西脇8,200,000 JPY61,607 JPY/sq.mShinnnishiwaki16 min
西脇3,700,000 JPY32,185 JPY/sq.mShinnnishiwaki16 min
下戸田2,600,000 JPY122,783 JPY/sq.mShinnnishiwaki16 min
和田町4,700,000 JPY39,838 JPY/sq.mShinnnishiwaki16 min

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.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station 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 Shinnnishiwaki 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 Shinnnishiwaki 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

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

1. Hyogo Nishiwaki-Shi 西脇Nishiwaki-Shi Shinnnishiwaki 16.0 min walk)
, Area: 380 sq.m
- Trading date: 2016-12-01T00:00:00Z

Trading price:   3,700,000 JPY,    Unit price:   9,736 JPY/sq.m

2. Hyogo Nishiwaki-Shi 和田町Nishiwaki-Shi Shinnnishiwaki 16.0 min walk)
, Area: 390 sq.m
- Trading date: 2017-09-01T00:00:00Z

Trading price:   4,700,000 JPY,    Unit price:   12,051 JPY/sq.m

3. Hyogo Nishiwaki-Shi 上野Nishiwaki-Shi Shinnnishiwaki 20.0 min walk)
, Area: 370 sq.m
- Trading date: 2013-03-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   29,729 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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Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:



Land market value trends Market value trends for Land.

Land 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.8 min in 2017 and 31.2 min in 2018; +66.4%)
The table below shows Land dealt in Hyogo JR Kakogawa Line Shinnnishiwaki, 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 Shinnnishiwaki

    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
    JR Kakogawa Line Ichiba (31) [Stations]6,800,00028,157 yrs11 min270 sq.m
    JR Kakogawa Line Taki (29) [Stations]8,000,00030,000 yrs10 min250 sq.m
    JR Kakogawa Line Takino (184) [Stations]9,100,00030,434 yrs18 min445 sq.m
    JR Kakogawa Line Yashirochou (145) [Stations]3,300,00018,181 yrs30 min250 sq.m
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