Yamaguchi Iwakuni-Shi Apartment market overview [Show ]

The average price of a sq.m Apartment of Yamaguchi Iwakuni-Shi, in 2017 was 228,730 JPY/sq.m. The market value represents an increase of 54,812 JPY (+31.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a -6.5% decrease compared to the 20.3 years old of last year.). The average size of the real estate was 68.3 sq.m (a -4.7% decrease compared to the 71.7 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.6 min in 2016 and 5.7 min in 2017; -25.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 44.4% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 55.6% of total transactions in 2016 and 66.7% of total transactions in 2017)

The highest Apartment market value is 今津町 at 250,000 JPY/sq.m. On the other hand, those with the lowest market value is 山手町 at 150,000 JPY/sq.m.

Data regarding the market value and its changes of Apartment in Iwakuni-Shi were calculated using data on the sales of 112 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
麻里布町 [Land utilization ]14,935,821 JPY211,816 JPY/sq.m
今津町 [Land utilization ]20,263,158 JPY277,826 JPY/sq.m
元町 [Land utilization ]13,736,364 JPY196,056 JPY/sq.m
昭和町 [Land utilization ]18,200,000 JPY248,654 JPY/sq.m
山手町10,125,000 JPY141,071 JPY/sq.m
立石町13,750,000 JPY163,790 JPY/sq.m

Area

Yamaguchi Iwakuni-Shi (112)

麻里布町 (67)

今津町 (19)

元町 (11)

昭和町 (5)

山手町 (4)

立石町 (4)