Okinawa Monorail Land market overview

The average price of a sq.m Land of Okinawa Monorail (Akamine to Shuri), in Oct, 2014 to Dec, 2014 was 125,925 JPY/sq.m. The market value represents a decrease of 7,582 JPY (-5.7%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 270.0 sq.m (a -0.4% decrease compared to the 271.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Tsubogawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsubogawa station, where prices have increased +25.9% compared to last year; a sq.m unit now costs 125,925 JPY/sq.m.

The top 1 stations has seen prices increase +25.9% (+25,925 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +25.9% (+25,925 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.6 min in 2013 and 30.0 min in 2014; +119.9%)

Breakdown of each segment

The table below shows Land dealt in Okinawa Monorail, 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:

Top

Land stations market overview

The average price of a sq.m Land of Tsubogawa, the highest market value along this railway was 125,925 JPY/sq.m. The market value represents an increase of 25,925 JPY (+25.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Tsubogawa, the lowest market value along this railway was 125,925 JPY/sq.m. The market value represents an increase of 25,925 JPY (+25.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Okinawa Monorail (Stations Land market overview)
Okinawa MonorailThis year(2014)1 year ago2 years ago
Akamine-100,616 JPY (0.0Y/625.0sq.m)89,524 JPY (0.0Y/405.0sq.m)
Oroku-136,931 JPY (0.0Y/152.5sq.m)124,692 JPY (0.0Y/156.2sq.m)
Ounoyamakouenn---
Tsubogawa125,925 JPY (0.0Y/270.0sq.m)100,000 JPY (0.0Y/110.0sq.m)205,555 JPY (0.0Y/1026.7sq.m)
Asahibashi-357,894 JPY (0.0Y/950.0sq.m)102,702 JPY (0.0Y/1092.5sq.m)
Kennchoumae--155,714 JPY (0.0Y/97.5sq.m)
Miebashi--182,500 JPY (0.0Y/598.8sq.m)
Makishi-133,333 JPY (0.0Y/90.0sq.m)118,477 JPY (0.0Y/531.7sq.m)
Asato-109,334 JPY (0.0Y/142.5sq.m)68,986 JPY (0.0Y/195.0sq.m)
Omoromachi--170,490 JPY (0.0Y/507.5sq.m)
Furujima-95,652 JPY (0.0Y/115.0sq.m)212,500 JPY (0.0Y/240.0sq.m)
Shiritsubyouinnmae--141,176 JPY (0.0Y/170.0sq.m)
Gibo--54,215 JPY (0.0Y/915.0sq.m)
Shuri-122,114 JPY (0.0Y/172.5sq.m)102,022 JPY (0.0Y/225.5sq.m)
*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Top

Noteworthy stations

Tsubogawa125,925 JPY/sq.m (+26% compared with the previous year)

The average price of a sq.m Land of Tsubogawa was 125,925 JPY/sq.m. The market value represents an increase of 25,925 JPY (+25.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 270.0 sq.m (a +145.5% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.0 min in 2013 and 30.0 min in 2014; +76.5%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (http://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)