Saitama-Shi Nishi-Ku (266)
The average price of a sq.m Apartment of Saitama-Shi Nishi-Ku, in 2017 was 151,594 JPY/sq.m. The market value represents a decrease of 33,889 JPY (-18.3%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 8 (-53.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 34.9 years old (a +29.2% increase compared to the 27.1 years old of last year.). The average size of the real estate was 52.9 sq.m (a -40.2% decrease compared to the 88.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.
Cause of price increases
Causes of price decreases
The highest Apartment market value is 大字宝来 at 200,000 JPY/sq.m. On the other hand, those with the lowest market value is 大字植田谷本 at 86,000 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 大字高木 at -48.0% (The rate of decline after 30 years). On the other hand, market values along the 大字指扇 was the most resistant to decline at -39.0% (The same rate).Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 266 properties provided by the MLIT Japan.
|Area||Average Trading Price||Average Unit Price|
|大字植田谷本 [Utilization ]||4,494,828 JPY||92,553 JPY/sq.m|
|大字指扇 [Utilization ]||12,927,273 JPY||203,396 JPY/sq.m|
|大字指扇領別所||11,041,860 JPY||167,144 JPY/sq.m|
|三橋 [Utilization ]||15,634,375 JPY||190,044 JPY/sq.m|
|大字西遊馬 [Utilization ]||8,942,105 JPY||173,384 JPY/sq.m|
|大字宝来 [Utilization ]||11,976,471 JPY||203,626 JPY/sq.m|
|大字峰岸||10,347,059 JPY||153,446 JPY/sq.m|
|大字高木||23,821,429 JPY||135,064 JPY/sq.m|
|宮前町 [Utilization ]||12,725,000 JPY||193,022 JPY/sq.m|