Omoromachi Land average value

Price 56,226,087 JPY
  (199,797 JPY/sq.m)
- Dist. from Sta. 11.9 min walk
- Property area 253.6 sq.m

The average price of a sq.m Land of Okinawa Monorail Omoromachi, in 2016 was 276,719 JPY/sq.m. The market value represents an increase of 76,834 JPY (+38.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 421.7 sq.m (a +151.1% increase compared to the 167.9 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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2015 and 14.0 min in 2016; +33.3%)
Data regarding the market value and its changes of Land in Omoromachi were calculated using data on the sales of 69 properties provided by the MLIT Japan.

Omoromachi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
字真嘉比28,000,000 JPY487,167 JPY/sq.mOmoromachi9 min
字真嘉比27,000,000 JPY595,041 JPY/sq.mOmoromachi9 min
字松川27,000,000 JPY405,709 JPY/sq.mOmoromachi9 min
おもろまち110,000,000 JPY1,136,364 JPY/sq.mOmoromachi9 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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
Color:

Unit:
Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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 Omoromachi 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 Omoromachi Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

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

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Trading data in Omoromachi

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 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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2015 and 14.0 min in 2016; +33.3%)
The table below shows Land dealt in Okinawa Monorail Omoromachi, 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 Omoromachi

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 Asahibashi (19) [Stations]30,000,000207,034 yrs8 min185 sq.m
Okinawa Monorail Miebashi (50) [Stations]35,500,000179,655 yrs8 min200 sq.m
Okinawa Monorail Furujima (56) [Stations]32,000,000164,102 yrs12 min200 sq.m
Other Okinawa Monorail (882) [Stations]26,000,000140,000 yrs10 min230 sq.m
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