The average price of a sq.m Apartment of Aichi Inuyama-Shi, in 2017 was 175,000 JPY/sq.m. The market value represents a decrease of 21,232 JPY (-10.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 16.0 years old (a -28.6% decrease compared to the 22.4 years old of last year.). The average size of the real estate was 80.0 sq.m (a +1.3% increase compared to the 79.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.
Cause of price increases
- A dramatic decrease in average age of the building (representing 22.4 years old in 2016 and 16.0 years old in 2017; -28.6%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 4.4 min in 2016 and 10.0 min in 2017; +127.3%)
The highest Apartment market value is 大字犬山 at 213,333 JPY/sq.m. On the other hand, those with the lowest market value is 大字羽黒 at 103,680 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 大字羽黒 at -74.6% (The rate of decline after 30 years). On the other hand, market values along the 大字犬山 was the most resistant to decline at -38.2% (The same rate).
Data regarding the market value and its changes of Apartment in Inuyama-Shi were calculated using data on the sales of 62 properties provided by the MLIT Japan.