Ishigaki-Shi Home average value

Price 43,146,667 JPY
  (204,150 JPY/sq.m)
- Age 21.3 years old
- Property area 498.6 sq.m
- Total floor area 251.1 sq.m

The average price of a sq.m Home of Okinawa Ishigaki-Shi, in 2017 was 207,975 JPY/sq.m. The market value represents an increase of 6,846 JPY (+3.4%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 21 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.2 years old (a -12.2% decrease compared to the 25.3 years old of last year.). The average size of the real estate was 275.0 sq.m (a -39.1% decrease compared to the 451.9 sq.m of last year.). The average total floor space of the real estate was 141.7 sq.m (a -29.8% decrease compared to the 201.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 25.3 years old in 2016 and 22.2 years old in 2017; -12.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2016 and 66.7% 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 173 properties provided by the MLIT Japan.

Ishigaki-Shi Home market value list

AreaAverage Trading PriceAverage Unit Price
字新川59,764,706 JPY214,073 JPY/sq.m
字登野城22,103,846 JPY133,278 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24,214,286 JPY166,262 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
字大川44,111,111 JPY180,000 JPY/sq.m
浜崎町52,625,000 JPY88,723 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

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.)
AgeTrading PriceProportion
Price at New367,190 JPY/sq.m100 %
Residual Value (10 Years)244,990 JPY/sq.m67 %
Residual Value (20 Years)165,253 JPY/sq.m45 %
Residual Value (20 Years)127,978 JPY/sq.m35 %
Color:
Unit:   Touch:
Property Details:
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- 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

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

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1. Okinawa Ishigaki-Shi 字宮良$station $station_distance min walk)
21.3 years old , Area: 330 sq.m , Total floor area: 100 sq.m , Structure: RC
- Trading date: 2012-06-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   170,000 JPY/sq.m
2. Okinawa Ishigaki-Shi 字大浜$station $station_distance min walk)
22.0 years old , Area: 300 sq.m , Total floor area: 125 sq.m , Structure: RC
- Trading date: 2016-03-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   128,000 JPY/sq.m
3. Okinawa Ishigaki-Shi 字真栄里$station $station_distance min walk)
18.0 years old , Area: 270 sq.m , Total floor area: 260 sq.m , Structure: RC
- Trading date: 2009-03-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   84,615 JPY/sq.m
4. Okinawa Ishigaki-Shi 字真栄里$station $station_distance min walk)
22.8 years old , Area: 270 sq.m , Total floor area: 80 sq.m , Structure: RC
- Trading date: 2008-12-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   212,500 JPY/sq.m
5. Okinawa Ishigaki-Shi 字宮良$station $station_distance min walk)
23.3 years old , Area: 320 sq.m , Total floor area: 140 sq.m , Structure: RC
- Trading date: 2007-06-01T00:00:00Z
Trading price:   19,000,000 JPY,    Unit price:   135,714 JPY/sq.m
6. Okinawa Ishigaki-Shi 浜崎町$station $station_distance min walk)
17.0 years old , Area: 290 sq.m , Total floor area: 210 sq.m , Structure: RC
- Trading date: 2012-03-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   71,428 JPY/sq.m
7. Okinawa Ishigaki-Shi 字宮良$station $station_distance min walk)
16.8 years old , Area: 330 sq.m , Total floor area: 135 sq.m , Structure: RC
- Trading date: 2007-12-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   162,962 JPY/sq.m
8. Okinawa Ishigaki-Shi 字石垣$station $station_distance min walk)
16.8 years old , Area: 280 sq.m , Total floor area: 130 sq.m , Structure: RC
- Trading date: 2011-12-01T00:00:00Z
Trading price:   24,000,000 JPY,    Unit price:   184,615 JPY/sq.m
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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
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Home market value trends

Market value trends for Home are as follows.

Data:
Unit:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 25.3 years old in 2016 and 22.2 years old in 2017; -12.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2016 and 66.7% 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
    Yaese-Cho 字具志頭 (4) [Area]28,000,000200,00018.1 yrs min545 sq.m
    On'Nason 字真栄田 (4) [Area]29,500,000215,00019.4 yrs min470 sq.m
    Nishihara-Cho 字小那覇 (12) [Area]36,000,000191,50218.5 yrs min565 sq.m
    Itoman-Shi 字座波 (4) [Area]20,500,000180,59218.6 yrs min525 sq.m
    Okinawa Monorail Ounoyamakouenn (21) [Stations]30,000,000201,15330.8 yrs11 min230 sq.m
    Other Okinawa Monorail (513) [Stations]58,000,000227,84829.5 yrs9 min200 sq.m
    Other (513) [Stations]58,000,000227,84829.5 yrs9 min200 sq.m
    Okinawa Monorail Tsubogawa (19) [Stations]40,000,000178,46823.8 yrs9 min250 sq.m
    Okinawa Monorail Shiritsubyouinnmae (17) [Stations]38,000,000237,50019.3 yrs5 min200 sq.m
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