Ishigaki-Shi Home average value

Price 37,060,465 JPY
  (194,108 JPY/sq.m)
- Age 21.3 years old
- Property area 451.4 sq.m
- Total floor area 233.6 sq.m

The average price of a sq.m Home of Okinawa Ishigaki-Shi, in 2017 was 164,236 JPY/sq.m. The market value represents a decrease of 12,561 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 15 (-88.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +16.2% increase compared to the 23.7 years old of last year.). The average size of the real estate was 247.5 sq.m (a -40.4% decrease compared to the 415.3 sq.m of last year.). The average total floor space of the real estate was 102.5 sq.m (a -55.4% decrease compared to the 229.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Causes of price decreases

  • An increase in average age of the building (representing 23.7 years old in 2016 and 27.5 years old in 2017; +16.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2016 and 100.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Ishigaki-Shi were calculated using data on the sales of 168 properties provided by the MLIT Japan.

Ishigaki-Shi Home market value list

AreaAverage Trading PriceAverage Unit Price
字新川57,333,333 JPY212,767 JPY/sq.m
字登野城22,308,000 JPY131,054 JPY/sq.m
字真栄里38,666,667 JPY200,835 JPY/sq.m
字大浜16,437,500 JPY153,523 JPY/sq.m
字宮良18,250,000 JPY155,870 JPY/sq.m
字石垣15,077,778 JPY98,949 JPY/sq.m
字平得52,222,222 JPY275,892 JPY/sq.m
浜崎町52,625,000 JPY88,723 JPY/sq.m
字大川33,375,000 JPY154,706 JPY/sq.m
字白保17,800,000 JPY134,391 JPY/sq.m
字川平24,180,000 JPY200,306 JPY/sq.m
字伊原間37,750,000 JPY189,012 JPY/sq.m
字名蔵39,750,000 JPY232,830 JPY/sq.m
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Home value Age transition

Market values (unit price: sq.m, m2) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Home in terms of Age. 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 Age is updated.)
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AgeTrading PriceProportion
Price at New332,502 JPY/sq.m100 %
Residual Value (10 Years)225,280 JPY/sq.m68 %
Residual Value (20 Years)156,545 JPY/sq.m47 %
Residual Value (20 Years)126,298 JPY/sq.m38 %
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 Ishigaki-Shi Home market value

We can calculate market values for Home 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 Ishigaki-Shi Home 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 Ishigaki-Shi

Past Home 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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Home market value trends

Market value trends for Home are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Causes of price decreases

  • An increase in average age of the building (representing 23.7 years old in 2016 and 27.5 years old in 2017; +16.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2016 and 100.0% of total transactions in 2017)
The table below shows Home dealt in Okinawa Ishigaki-Shi, 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 Ishigaki-Shi

The closest areas in terms of Home 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
Naha-Shi 与儀 (4) [Area]74,000,000203,10519.5 yrs24 min425 sq.m
Nago-Shi 字屋部 (9) [Area]13,000,000204,54521.8 yrs min380 sq.m
Itoman-Shi 字座波 (4) [Area]20,500,000180,59218.6 yrs min525 sq.m
Ishigaki-Shi 字名蔵 (4) [Area]28,500,000219,15121.0 yrs min365 sq.m
Kin-Cho 字屋嘉 (6) [Area]18,500,000155,55518.3 yrs min380 sq.m
Okinawa Monorail Ounoyamakouenn (21) [Stations]30,000,000201,15330.8 yrs11 min230 sq.m
Okinawa Monorail Tsubogawa (18) [Stations]38,500,000178,46821.6 yrs12 min225 sq.m
Other Okinawa Monorail (492) [Stations]44,000,000219,04729.1 yrs10 min192 sq.m
Other (492) [Stations]44,000,000219,04729.1 yrs10 min192 sq.m
Okinawa Monorail Shuri (67) [Stations]30,000,000242,20927.5 yrs13 min210 sq.m
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