The average price of a sq.m Apartment of Kyoto Kizugawa-Shi, in 2016 was 142,086 JPY/sq.m. The market value represents a decrease of 43,408 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).
The average age of the real estate was 18.6 years old (a +15.5% increase compared to the 16.1 years old of last year.). The average size of the real estate was 78.8 sq.m (a -5.0% decrease compared to the 82.9 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.
Cause of price increases
- An decrease in average distance from the station (representing 16.3 min in 2015 and 14.4 min in 2016; -11.7%)
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 14.3% of total transactions in 2015 and 37.5% of total transactions in 2016)
Causes of price decreases
- An increase in average age of the building (representing 16.1 years old in 2015 and 18.6 years old in 2016; +15.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2015 and 37.5% of total transactions in 2016)
The highest Apartment market value is 兜台 at 186,752 JPY/sq.m. On the other hand, those with the lowest market value is 州見台 at 130,666 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 州見台 at -63.7% (The rate of decline after 30 years). On the other hand, market values along the 木津 was the most resistant to decline at -37.8% (The same rate).
Data regarding the market value and its changes of Apartment in Kizugawa-Shi were calculated using data on the sales of 116 properties provided by the MLIT Japan.