Akamine Land average value

Price 39,116,667 JPY
  (103,838 JPY/sq.m)
- Dist. from Sta. 13.7 min walk
- Property area 388.6 sq.m

The average price of a sq.m Land of Okinawa Monorail Akamine, in 2016 was 142,839 JPY/sq.m. The market value represents a decrease of 9,541 JPY (-6.3%) compared to 1 year ago and a transition to a bear market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 437.1 sq.m (a +108.2% increase compared to the 210.0 sq.m of last year.).

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

Data regarding the market value and its changes of Land in Akamine were calculated using data on the sales of 60 properties provided by the MLIT Japan.

Akamine Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
字安次嶺45,000,000 JPY371,901 JPY/sq.mAkamine14 min
具志15,000,000 JPY300,526 JPY/sq.mAkamine14 min
宇栄原78,000,000 JPY390,681 JPY/sq.mAkamine14 min
字安次嶺56,000,000 JPY336,588 JPY/sq.mAkamine13 min
具志19,000,000 JPY273,084 JPY/sq.mAkamine15 min
宇栄原32,000,000 JPY503,736 JPY/sq.mAkamine15 min

Okinawa Monorail Railway market report

2017. Jan Mar
 2 tradings
2016. Jan Dec
 56 tradings
2015. Jan Sep
 44 tradings
2014. Jan Dec
 51 tradings
2013. Jan Dec
 119 tradings
---1Q
2
-3Q
18
2Q
10
1Q
12
-3Q
15
2Q
5
1Q
24
4Q
1
3Q
22
2Q
21
1Q
7
4Q
14
3Q
30
2Q
27
1Q
48
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
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Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate Akamine Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Okinawa Monorail Akamine Land that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Akamine

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

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

The table below shows Land dealt in Okinawa Monorail Akamine, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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Area close to the price in Akamine

The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Okinawa Monorail Asato (90) [Stations]17,000,000102,173 yrs17 min157 sq.m
Okinawa Monorail Ounoyamakouenn (42) [Stations]21,000,000108,094 yrs11 min200 sq.m
Okinawa Monorail Gibo (78) [Stations]16,500,000108,391 yrs9 min160 sq.m
Okinawa Monorail Shuri (162) [Stations]25,000,000116,000 yrs15 min230 sq.m
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