Saitama-Shi Nishi-Ku Apartment market overview [Show ]

The average price of a sq.m Apartment of Saitama-Shi Nishi-Ku, in 2017 was 137,466 JPY/sq.m. The market value represents a decrease of 48,017 JPY (-25.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 9 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 37.6 years old (a +39.1% increase compared to the 27.1 years old of last year.). The average size of the real estate was 52.5 sq.m (a -40.6% 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

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2016 and 40.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 27.1 years old in 2016 and 37.6 years old in 2017; +39.1%)
  • A dramatic increase in average distance from the station (representing 14.2 min in 2016 and 24.5 min in 2017; +72.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 21.4% of total transactions in 2016 and 60.0% of total transactions in 2017)

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 80,000 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 -47.5% (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 -2.9% (The same rate).

Data regarding the market value and its changes of Apartment in Nishi-Ku were calculated using data on the sales of 265 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
大字植田谷本 [Land utilization ]3,900,000 JPY79,873 JPY/sq.m
大字指扇 [Land utilization ]12,768,182 JPY199,296 JPY/sq.m
大字指扇領別所11,041,860 JPY167,144 JPY/sq.m
三橋 [Land utilization ]15,634,375 JPY190,044 JPY/sq.m
大字西遊馬 [Land utilization ]8,942,105 JPY173,384 JPY/sq.m
大字宝来 [Land utilization ]11,976,471 JPY203,626 JPY/sq.m
大字峰岸10,347,059 JPY153,446 JPY/sq.m
大字高木23,821,429 JPY135,064 JPY/sq.m
宮前町 [Land utilization ]12,725,000 JPY193,022 JPY/sq.m

Area

Saitama-Shi Nishi-Ku (265)

大字植田谷本 (58)

大字指扇 (51)

大字指扇領別所 (43)

三橋 (32)

大字西遊馬 (19)

大字宝来 (17)

大字峰岸 (17)

大字高木 (14)

宮前町 (12)