The average price of a sq.m Apartment of Osaka Settsu-Shi, in 2016 was 335,859 JPY/sq.m. The market value represents an increase of 77,957 JPY (+30.2%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 3 (-14.3%) compared to 1 year ago and a transition to a weak market.).
The average age of the real estate was 16.4 years old (a -16.0% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 63.6 sq.m (a -1.8% decrease compared to the 64.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.
Cause of price increases
- An decrease in average age of the building (representing 19.5 years old in 2015 and 16.4 years old in 2016; -16.0%)
- A dramatic decrease in average distance from the station (representing 14.3 min in 2015 and 7.7 min in 2016; -45.9%)
- A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 4.8% of total transactions in 2015 and 16.7% of total transactions in 2016)
Causes of price decreases
- A some decrease in transactions involving recently constructed buildings under 6 years old (representing 23.8% of total transactions in 2015 and 22.2% of total transactions in 2016)
The highest Apartment market value is 南千里丘 at 461,538 JPY/sq.m. On the other hand, those with the lowest market value is 新在家 at 115,833 JPY/sq.m.
Data regarding the market value and its changes of Apartment in Settsu-Shi were calculated using data on the sales of 180 properties provided by the MLIT Japan.