Yamaguchi Hofu-Shi Apartment market overview [Show ]

The average price of a sq.m Apartment of Yamaguchi Hofu-Shi, in 2016 was 193,443 JPY/sq.m. The market value represents a decrease of 112,235 JPY (-36.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 6 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.3 years old (a +146.5% increase compared to the 5.4 years old of last year.). The average size of the real estate was 71.5 sq.m (a -4.7% decrease compared to the 75.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 5.4 years old in 2015 and 13.3 years old in 2016; +146.5%)
  • A dramatic increase in average distance from the station (representing 5.8 min in 2015 and 11.1 min in 2016; +93.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 30.0% of total transactions in 2016)

The highest Apartment market value is 八王子 at 275,000 JPY/sq.m. On the other hand, those with the lowest market value is 高倉 at 93,846 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the 上天神町 at -85.2% (The rate of decline after 30 years). On the other hand, market values along the 緑町 was the most resistant to decline at -50.2% (The same rate).

Data regarding the market value and its changes of Apartment in Hofu-Shi were calculated using data on the sales of 61 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
八王子 [Land utilization ]16,847,059 JPY229,141 JPY/sq.m
車塚町10,836,364 JPY138,822 JPY/sq.m
高倉5,287,500 JPY90,619 JPY/sq.m
駅南町18,500,000 JPY247,869 JPY/sq.m
緑町17,000,000 JPY226,363 JPY/sq.m
上天神町12,960,000 JPY176,571 JPY/sq.m

Area

Yamaguchi Hofu-Shi (61)

八王子 (17)

車塚町 (11)

高倉 (8)

駅南町 (8)

緑町 (5)

上天神町 (5)