須磨区(神戸市)
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.
| Avg. residential land price | Now | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|---|
| Forecast Forecast +1.8% a year | ¥154K/m² | ¥156K/m² | ¥162K/m² | ¥168K/m² | ¥184K/m² |
Forecasts are projections, not guarantees. 10-year range: ¥151K/m²–¥217K/m²
Not by ward Assessed values are not published for Suma Ward, Kobe City alone. The total for Kobe City as a whole is ¥17.1 trillion (land ¥12.5 trillion, buildings ¥4.6 trillion).
| Area | Avg. residential | Avg. commercial | 1 year | 5 years | Condos per m² | Sales |
|---|---|---|---|---|---|---|
| Wakagicho 若木町 |
¥271K/m² | — | +3.4% | +16.8% | — | 7 |
| Miyukicho 行幸町 |
¥270K/m² | — | +2.9% | +18.4% | ¥708K/m² | 17 |
| Isonarecho 磯馴町 |
¥268K/m² | — | ±0.0% | — | ¥543K/m² | 6 |
| Otacho 大田町 |
¥262K/m² | ¥291K/m² | +5.6% | +23.1% | ¥165K/m² | 9 |
| Minamimachi 南町 |
¥261K/m² | — | +5.2% | +22.0% | — | 3 |
| Ebisucho 戎町 |
¥260K/m² | — | +5.2% | +22.6% | — | 5 |
| Maeikecho 前池町 |
¥256K/m² | — | +3.7% | +17.3% | ¥429K/m² | 7 |
| Gongencho 権現町 |
¥246K/m² | — | +3.8% | +16.6% | — | 3 |
| Tomasacho 戸政町 |
¥241K/m² | — | +4.8% | +21.7% | — | 3 |
| Nakajimacho 中島町 |
¥230K/m² | — | +4.1% | +16.8% | — | — |
| Rikyumaemachi 離宮前町 |
¥226K/m² | — | +5.1% | +19.6% | ¥255K/m² | 8 |
| Rikyunishimachi 離宮西町 |
¥205K/m² | — | +4.1% | +15.8% | — | 2 |
| Kawakamicho 川上町 |
¥203K/m² | — | +2.5% | +9.7% | — | — |
| Tenjincho 天神町 |
¥187K/m² | — | +4.5% | +17.6% | — | 10 |
| Chimoricho 千守町 |
¥172K/m² | — | +2.4% | +13.2% | — | 3 |
| Shiomidaicho 潮見台町 |
¥167K/m² | — | +1.8% | +6.4% | ¥362K/m² | 11 |
| Ryugadai 竜が台 |
¥163K/m² | — | +3.2% | +13.2% | ¥200K/m² | 19 |
| Takatoricho 鷹取町 |
¥159K/m² | — | +3.2% | +9.7% | — | — |
| Nishiochiai 西落合 |
¥151K/m² | — | +2.7% | +12.7% | ¥569K/m² | 8 |
| Kitaochiai 北落合 |
¥140K/m² | — | +1.8% | +8.0% | ¥142K/m² | 20 |
| Eirakucho 永楽町 |
¥137K/m² | — | +1.5% | +3.0% | — | 2 |
| Sumaderacho 須磨寺町 |
¥135K/m² | — | +2.3% | +9.8% | — | 4 |
| Minamiochiai 南落合 |
¥131K/m² | — | +2.8% | +10.5% | — | 5 |
| Sumauradoori 須磨浦通 |
¥129K/m² | — | +1.6% | +4.0% | ¥343K/m² | 10 |
| Higashiochiai 東落合 |
¥127K/m² | — | +2.4% | +9.5% | — | 7 |
| Kaminotani 神の谷 |
¥125K/m² | — | +3.3% | +9.6% | ¥68K/m² | 20 |
| Sotohamacho 外浜町 |
¥123K/m² | — | +4.2% | +10.8% | — | 2 |
| Tomogaoka 友が丘 |
¥122K/m² | — | +2.5% | +9.9% | ¥61K/m² | 19 |
| Yokoo 横尾 |
¥118K/m² | — | +0.8% | +4.4% | ¥112K/m² | 32 |
| Shirakawadai 白川台 |
¥108K/m² | — | +1.9% | +3.8% | ¥62K/m² | 30 |
| Suganodai 菅の台 |
¥108K/m² | — | +1.4% | +8.0% | ¥433K/m² | 10 |
| Takakuradai 高倉台 |
¥108K/m² | — | +2.4% | +7.2% | ¥48K/m² | 35 |
| Doshodai 道正台 |
¥108K/m² | — | +3.8% | — | ¥190K/m² | 21 |
| Tainohatahigashimachi 多井畑東町 |
¥96K/m² | — | ±0.0% | +1.3% | — | 2 |
| Higashishirakawadai 東白川台 |
¥88K/m² | — | +1.1% | +2.3% | — | 4 |
| Midorigaoka 緑が丘 |
¥68K/m² | — | +2.2% | +6.2% | — | 5 |
| Ichinotanicho 一ノ谷町 |
¥65K/m² | — | −0.6% | −6.6% | — | 4 |
| Takaodai 高尾台 |
¥62K/m² | — | +1.3% | −0.3% | — | 2 |
| Myohoji 妙法寺 |
¥60K/m² | — | −0.4% | −4.2% | ¥209K/m² | 18 |
| Wakakusacho 若草町 |
¥57K/m² | — | +2.0% | +2.7% | — | 7 |
| Tainohata 多井畑 |
¥42K/m² | — | −1.4% | −9.4% | — | 1 |
| Oikecho 大池町 |
— | — | — | — | ¥533K/m² | 13 |
| Kuruma 車 |
— | — | — | — | ¥169K/m² | 11 |
| Shimizudai 清水台 |
— | — | — | — | ¥153K/m² | 10 |
| Nakaochiai 中落合 |
— | ¥280K/m² | +5.7% | +26.7% | ¥199K/m² | 10 |
| Sakuranomori 桜の杜 |
— | — | — | — | ¥450K/m² | 10 |
| Takakuracho 高倉町 |
— | — | — | — | ¥267K/m² | 7 |
| Zenshojicho 禅昌寺町 |
— | — | — | — | — | 7 |
| Sumahommachi 須磨本町 |
— | — | — | — | ¥433K/m² | 7 |
| Sekimoricho 関守町 |
— | — | — | — | — | 5 |
| Tainohataminamimachi 多井畑南町 |
— | — | — | — | — | 5 |
| Tsukimiyamacho 月見山町 |
— | — | — | — | — | 4 |
| Inabacho 稲葉町 |
— | — | — | — | — | 4 |
| Tsukimiyamahommachi 月見山本町 |
— | ¥382K/m² | +4.9% | +21.3% | — | 4 |
| Higashimachi 東町 |
— | — | — | — | — | 4 |
| Furukawacho 古川町 |
— | — | — | — | — | 3 |
| Chitosecho 千歳町 |
— | — | — | — | — | 3 |
| Kinugakecho 衣掛町 |
— | ¥334K/m² | +6.7% | +21.5% | — | 2 |
| Itayadocho 板宿町 |
— | — | — | — | — | 2 |
| Otecho 大手町 |
— | — | — | — | — | 2 |
| Daikokucho 大黒町 |
— | — | — | — | — | 2 |
| Murasamecho 村雨町 |
— | — | — | — | — | 2 |
| Tobimatsucho 飛松町 |
— | ¥455K/m² | +3.5% | +12.1% | — | 2 |
| Aobacho 青葉町 |
— | — | — | — | — | 2 |
| Shirakawa 白川 |
— | — | — | — | — | 2 |
| Kitamachi 北町 |
— | ¥315K/m² | +6.1% | +29.1% | — | 1 |
| Teradacho 寺田町 |
— | — | — | — | — | 1 |
| Yasakadai 弥栄台 |
— | — | — | +57.7% | — | 1 |
| Tokiwacho 常盤町 |
— | — | — | — | — | 1 |
| Hodencho 宝田町 |
— | — | — | — | — | 1 |
| Hiratacho 平田町 |
— | — | — | — | — | 1 |
| Yorocho 養老町 |
— | — | — | — | — | 1 |
| Matsukazecho 松風町 |
— | — | — | — | — | 1 |
| Sakuragicho 桜木町 |
— | — | — | — | — | 1 |
| Ote 大手 |
— | — | — | — | — | 1 |
| Horiikecho 堀池町 |
— | ¥248K/m² | +4.6% | +13.8% | — | — |
| Location | Use | Price per m² | ≈ USD/sq ft | 1 year | Station |
|---|---|---|---|---|---|
| 兵庫県 神戸市須磨区飛松町3丁目6番1 Prefectural Survey 2026 |
Commercial | ¥554K/m² | $327/sq ft | +2.4% | 中小規模の小売店舗が建ち並ぶ駅前の商業地域 |
| 兵庫県 神戸市須磨区飛松町3丁目6番1 Land Price Publication 2026 |
Commercial | ¥548K/m² | $324/sq ft | +2.4% | 板宿 60 m |
| 兵庫県 神戸市須磨区月見山本町1丁目97番2 Land Price Publication 2026 |
Commercial | ¥382K/m² | $226/sq ft | +4.9% | 月見山 160 m |
| 兵庫県 神戸市須磨区大田町2丁目36番 Prefectural Survey 2026 |
Commercial | ¥352K/m² | $208/sq ft | +5.4% | 銀行、小売店舗等が建ち並ぶ商業地域 |
| 兵庫県 神戸市須磨区衣掛町5丁目12番外 Land Price Publication 2026 |
Commercial | ¥334K/m² | $197/sq ft | +6.7% | 須磨海浜公園 350 m |
| 兵庫県 神戸市須磨区北町3丁目10番 Prefectural Survey 2026 |
Commercial | ¥315K/m² | $186/sq ft | +6.1% | 中低層の店舗、事務所等が建ち並ぶ商業地域 |
| 兵庫県 神戸市須磨区前池町4丁目1番8外 Prefectural Survey 2026 |
Residential | ¥283K/m² | $167/sq ft | +3.3% | マンションと中規模の一般住宅が建ち並ぶ住宅地域 |
| 兵庫県 神戸市須磨区中落合2丁目9番外 Land Price Publication 2026 |
Commercial | ¥280K/m² | $165/sq ft | +5.7% | 名谷 180 m |
| 兵庫県 神戸市須磨区行幸町2丁目38番 Prefectural Survey 2026 |
Residential | ¥272K/m² | $161/sq ft | +2.6% | 一般住宅の中にアパート等が見られる住宅地域 |
| 兵庫県 神戸市須磨区若木町1丁目135番 Land Price Publication 2026 |
Residential | ¥271K/m² | $160/sq ft | +3.4% | 東須磨 250 m |
| 兵庫県 神戸市須磨区大田町4丁目49番2 Land Price Publication 2026 |
Commercial | ¥268K/m² | $158/sq ft | +5.9% | 板宿 400 m |
| 兵庫県 神戸市須磨区行幸町2丁目38番 Land Price Publication 2026 |
Residential | ¥268K/m² | $158/sq ft | +3.1% | 須磨海浜公園 600 m |
| 兵庫県 神戸市須磨区磯馴町5丁目36番外 Land Price Publication 2026 |
Residential | ¥268K/m² | $158/sq ft | ±0.0% | 須磨海浜公園 100 m |
| 兵庫県 神戸市須磨区戎町6丁目5番3 Prefectural Survey 2026 |
Residential | ¥264K/m² | $156/sq ft | +5.6% | 小規模一般住宅に共同住宅等が見られる住宅地域 |
| 兵庫県 神戸市須磨区大田町4丁目24番10 Land Price Publication 2026 |
Residential | ¥262K/m² | $155/sq ft | +5.6% | 板宿 450 m |
| 兵庫県 神戸市須磨区飛松町1丁目3番3 Land Price Publication 2026 |
Commercial | ¥262K/m² | $155/sq ft | +5.6% | 板宿 210 m |
| 兵庫県 神戸市須磨区南町2丁目3番14 Land Price Publication 2026 |
Residential | ¥261K/m² | $154/sq ft | +5.2% | 須磨海浜公園 220 m |
| 兵庫県 神戸市須磨区戎町6丁目5番3 Land Price Publication 2026 |
Residential | ¥256K/m² | $151/sq ft | +4.9% | 東須磨 400 m |
| 兵庫県 神戸市須磨区大田町7丁目10番 Land Price Publication 2026 |
Commercial | ¥252K/m² | $149/sq ft | +5.4% | 東須磨 540 m |
| 兵庫県 神戸市須磨区堀池町2丁目19番 Land Price Publication 2026 |
Commercial | ¥248K/m² | $147/sq ft | +4.6% | 東須磨 90 m |
| 兵庫県 神戸市須磨区権現町2丁目12番 Land Price Publication 2026 |
Residential | ¥246K/m² | $145/sq ft | +3.8% | 東須磨 350 m |
| 兵庫県 神戸市須磨区戸政町3丁目27番 Prefectural Survey 2026 |
Residential | ¥241K/m² | $142/sq ft | +4.8% | 中小規模一般住宅が建ち並ぶ住宅地域 |
| 兵庫県 神戸市須磨区前池町6丁目2番37外 Land Price Publication 2026 |
Residential | ¥230K/m² | $136/sq ft | +4.1% | 板宿 540 m |
| 兵庫県 神戸市須磨区中島町2丁目36番 Land Price Publication 2026 |
Residential | ¥230K/m² | $136/sq ft | +4.1% | 東須磨 500 m |
| 兵庫県 神戸市須磨区離宮前町1丁目36番6 Land Price Publication 2026 |
Residential | ¥226K/m² | $134/sq ft | +5.1% | 月見山 270 m |
| 兵庫県 神戸市須磨区離宮西町1丁目2番2 Land Price Publication 2026 |
Residential | ¥205K/m² | $121/sq ft | +4.1% | 須磨寺 550 m |
| 兵庫県 神戸市須磨区川上町2丁目2番25 Prefectural Survey 2026 |
Residential | ¥203K/m² | $120/sq ft | +2.5% | 中小規模一般住宅が多い住宅地域 |
| 兵庫県 神戸市須磨区天神町3丁目17番5 Land Price Publication 2026 |
Residential | ¥187K/m² | $110/sq ft | +4.5% | 須磨寺 300 m |
| 兵庫県 神戸市須磨区千守町2丁目40番23 Prefectural Survey 2026 |
Residential | ¥172K/m² | $102/sq ft | +2.4% | 中小規模の一般住宅が多い閑静な住宅地域 |
| 兵庫県 神戸市須磨区潮見台町4丁目8番13 Land Price Publication 2026 |
Residential | ¥167K/m² | $99/sq ft | +1.8% | 須磨 700 m |
| 兵庫県 神戸市須磨区竜が台7丁目12番5 Land Price Publication 2026 |
Residential | ¥163K/m² | $96/sq ft | +3.2% | 名谷 650 m |
| 兵庫県 神戸市須磨区鷹取町3丁目41番 Land Price Publication 2026 |
Residential | ¥159K/m² | $94/sq ft | +3.2% | 鷹取 550 m |
| 兵庫県 神戸市須磨区西落合5丁目9番2 Prefectural Survey 2026 |
Residential | ¥151K/m² | $89/sq ft | +2.7% | 中規模の一般住宅が多い区画整然とした住宅地域 |
| 兵庫県 神戸市須磨区北落合2丁目6番4 Land Price Publication 2026 |
Residential | ¥151K/m² | $89/sq ft | +2.0% | 名谷 1.0 km |
| 兵庫県 神戸市須磨区南落合3丁目2番4 Land Price Publication 2026 |
Residential | ¥137K/m² | $81/sq ft | +3.0% | 名谷 1.1 km |
| 兵庫県 神戸市須磨区永楽町1丁目36番2外 Land Price Publication 2026 |
Residential | ¥137K/m² | $81/sq ft | +1.5% | 板宿 900 m |
| 兵庫県 神戸市須磨区須磨寺町2丁目19番9 Prefectural Survey 2026 |
Residential | ¥135K/m² | $80/sq ft | +2.3% | 中小規模の一般住宅が建ち並ぶ住宅地域 |
| 兵庫県 神戸市須磨区北落合4丁目12番10 Prefectural Survey 2026 |
Residential | ¥130K/m² | $77/sq ft | +1.6% | 中規模の一般住宅が多い区画整然とした住宅地域 |
| 兵庫県 神戸市須磨区須磨浦通5丁目35番1 Land Price Publication 2026 |
Residential | ¥129K/m² | $76/sq ft | +1.6% | 須磨 260 m |
| 兵庫県 神戸市須磨区東落合3丁目30番24 Land Price Publication 2026 |
Residential | ¥127K/m² | $75/sq ft | +2.4% | 名谷 1.7 km |
| 兵庫県 神戸市須磨区菅の台3丁目4番4 Land Price Publication 2026 |
Residential | ¥125K/m² | $74/sq ft | +1.6% | 名谷 1.3 km |
| 兵庫県 神戸市須磨区神の谷5丁目7番13 Land Price Publication 2026 |
Residential | ¥125K/m² | $74/sq ft | +3.3% | 名谷 1.6 km |
| 兵庫県 神戸市須磨区南落合1丁目7番19 Prefectural Survey 2026 |
Residential | ¥125K/m² | $74/sq ft | +2.5% | 中規模一般住宅が多い区画整然とした住宅地域 |
| 兵庫県 神戸市須磨区横尾2丁目8番16 Land Price Publication 2026 |
Residential | ¥123K/m² | $73/sq ft | +1.7% | 妙法寺 750 m |
| 兵庫県 神戸市須磨区外浜町2丁目126番 Land Price Publication 2026 |
Residential | ¥123K/m² | $73/sq ft | +4.2% | 鷹取 1.1 km |
| 兵庫県 神戸市須磨区友が丘8丁目33番 Land Price Publication 2026 |
Residential | ¥122K/m² | $72/sq ft | +2.5% | 名谷 1.3 km |
| 兵庫県 神戸市須磨区白川台3丁目69番17 Land Price Publication 2026 |
Residential | ¥115K/m² | $68/sq ft | +1.8% | 名谷 1.7 km |
| 兵庫県 神戸市須磨区横尾9丁目3番56 Land Price Publication 2026 |
Residential | ¥114K/m² | $67/sq ft | ±0.0% | 妙法寺 1.0 km |
| 兵庫県 神戸市須磨区弥栄台3丁目15番6 Land Price Publication 2026 |
Industrial | ¥112K/m² | $66/sq ft | +12.0% | 総合運動公園 750 m |
| 兵庫県 神戸市須磨区高倉台2丁目1番31 Prefectural Survey 2026 |
Residential | ¥112K/m² | $66/sq ft | +1.8% | 中規模の一般住宅が多い区画整然とした住宅地域 |
| 兵庫県 神戸市須磨区道正台1丁目2番3 Land Price Publication 2026 |
Residential | ¥108K/m² | $64/sq ft | +3.8% | 妙法寺 400 m |
| 兵庫県 神戸市須磨区高倉台7丁目12番5 Land Price Publication 2026 |
Residential | ¥104K/m² | $61/sq ft | +3.0% | 須磨 3.4 km |
| 兵庫県 神戸市須磨区白川台7丁目8番5 Land Price Publication 2026 |
Residential | ¥102K/m² | $60/sq ft | +2.0% | 名谷 2.3 km |
| 兵庫県 神戸市須磨区多井畑東町12番5 Land Price Publication 2026 |
Residential | ¥96K/m² | $57/sq ft | ±0.0% | 妙法寺 1.6 km |
| 兵庫県 神戸市須磨区菅の台7丁目10番6 Prefectural Survey 2026 |
Residential | ¥92K/m² | $54/sq ft | +1.1% | 中規模一般住宅が建ち並ぶ住宅地域 |
| 兵庫県 神戸市須磨区東白川台3丁目4番10 Land Price Publication 2026 |
Residential | ¥88K/m² | $52/sq ft | +1.1% | 名谷 2.6 km |
| 兵庫県 神戸市須磨区妙法寺字竹向イ1番14 Land Price Publication 2026 |
Residential | ¥84K/m² | $50/sq ft | +1.3% | 妙法寺 700 m |
| 兵庫県 神戸市須磨区緑が丘2丁目872番129 Prefectural Survey 2026 |
Residential | ¥69K/m² | $41/sq ft | +2.2% | 中規模一般住宅が多い区画整然とした住宅地域 |
| 兵庫県 神戸市須磨区緑が丘2丁目872番129 Land Price Publication 2026 |
Residential | ¥68K/m² | $40/sq ft | +2.3% | 妙法寺 1.3 km |
| 兵庫県 神戸市須磨区一ノ谷町2丁目75番67 Land Price Publication 2026 |
Residential | ¥65K/m² | $38/sq ft | −0.6% | 須磨浦公園 750 m |
Sales in the loaded period: Pre-owned condo 1,044 · Land & building 764 · Land 123
| District | Period | Type | Price | Area | Built | Per m² |
|---|---|---|---|---|---|---|
| Wakagicho | Q2 2026 | Pre-owned condo (contract) | ¥36.0M | 75 m² | 2014 | ¥480K/m² |
| Wakagicho | Q2 2026 | Land & building (contract) | ¥45.0M | 110 m² | 2000 | — |
| Wakagicho | Q2 2026 | Pre-owned condo (contract) | ¥36.0M | 70 m² | 2014 | ¥514K/m² |
| Wakagicho | Q2 2026 | Land & building (contract) | ¥57.0M | 140 m² | 2014 | — |
| Ryugadai | Q2 2026 | Pre-owned condo (contract) | ¥30.0M | 105 m² | 2005 | ¥286K/m² |
| Ryugadai | Q2 2026 | Pre-owned condo (contract) | ¥14.0M | 90 m² | 1983 | ¥156K/m² |
| Ryugadai | Q2 2026 | Pre-owned condo (contract) | ¥5.0M | 65 m² | 1977 | ¥77K/m² |
| Ryugadai | Q2 2026 | Pre-owned condo (contract) | ¥12.0M | 70 m² | 1978 | ¥171K/m² |
| Yokoo | Q2 2026 | Pre-owned condo (contract) | ¥11.0M | 75 m² | 1983 | ¥147K/m² |
| Yokoo | Q2 2026 | Pre-owned condo (contract) | ¥8.7M | 75 m² | 1982 | ¥116K/m² |
| Yokoo | Q2 2026 | Pre-owned condo (contract) | ¥8.9M | 75 m² | 1979 | ¥119K/m² |
| Yokoo | Q2 2026 | Pre-owned condo (contract) | ¥8.0M | 75 m² | 1979 | ¥107K/m² |
| Yokoo | Q2 2026 | Pre-owned condo (contract) | ¥5.2M | 75 m² | 1979 | ¥69K/m² |
| Yokoo | Q2 2026 | Land & building (contract) | ¥23.0M | 160 m² | 1983 | — |
| Yokoo | Q2 2026 | Pre-owned condo (contract) | ¥20.0M | 90 m² | 2005 | ¥222K/m² |
| Minamiochiai | Q2 2026 | Land & building (contract) | ¥29.0M | 160 m² | 1988 | — |
| Furukawacho | Q2 2026 | Pre-owned condo (contract) | ¥23.0M | 75 m² | 2008 | ¥307K/m² |
| Higashishirakawadai | Q2 2026 | Land & building (contract) | ¥35.0M | 305 m² | 1989 | — |
| Chimoricho | Q2 2026 | Land & building (contract) | ¥26.0M | 150 m² | 1998 | — |
| Takakuradai | Q2 2026 | Pre-owned condo (contract) | ¥7.6M | 60 m² | 1973 | ¥127K/m² |
Population, income, rent, yield, transport and disaster risk will be added once sourced data is available. Methodology
The average price of residential land in Suma Ward, Kobe City is ¥153,740 per m² (about ¥508,231 per tsubo), based on 53 sites in the official land price surveys (2026).
Land prices in Suma Ward, Kobe City have risen by +2.9% on average over the past year. Over five years the change is +11.7%.
The median price of pre-owned condo transactions in the last two years is ¥185,714 per m², with a median price of ¥13.5 million (296 transactions, MLIT Real Estate Information Library).
The Fudosan Zukan model projects residential land prices to change by +1.8% a year, reaching about ¥183,552 per m² in 10 years (range ¥150,513–¥216,591). Forecasts are projections, not guarantees.
Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥157.25 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.