Kunigami-Gun Home average value

Price 61,368,750 JPY
  (129,016 JPY/sq.m)
- Age 25.8 years old
- Property area 620.9 sq.m
- Total floor area 204.2 sq.m

The average price of a sq.m Home of Okinawa Kunigami-Gun, in 2016 was 118,618 JPY/sq.m. The market value represents an increase of 32,529 JPY (+37.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 25.3 years old (a -18.8% decrease compared to the 31.2 years old of last year.). The average size of the real estate was 471.4 sq.m (a -9.6% decrease compared to the 521.4 sq.m of last year.). The average total floor space of the real estate was 91.4 sq.m (a +5.5% increase compared to the 86.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 31.2 years old in 2015 and 25.3 years old in 2016; -18.8%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 42.9% of total transactions in 2015 and 20.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2015 and 60.0% of total transactions in 2016)
Data regarding the market value and its changes of Home in Kunigami-Gun were calculated using data on the sales of 209 properties provided by the MLIT Japan.

Kunigami-Gun Home market value list

AreaAverage Trading PriceAverage Unit Price
Kunigamison12,346,471 JPY85,343 JPY/sq.m
Ogimison10,122,000 JPY104,167 JPY/sq.m
Higashison9,300,000 JPY104,906 JPY/sq.m
Nakijinson16,688,889 JPY145,969 JPY/sq.m
Motobu-Cho19,022,308 JPY155,349 JPY/sq.m
On'Nason36,788,889 JPY205,095 JPY/sq.m
Ginozason17,375,000 JPY145,419 JPY/sq.m
Kin-Cho79,252,381 JPY146,603 JPY/sq.m
Ieson6,650,000 JPY85,000 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 New202,870 JPY/sq.m100 %
Residual Value (10 Years)158,423 JPY/sq.m78 %
Residual Value (20 Years)129,471 JPY/sq.m64 %
Residual Value (20 Years)116,014 JPY/sq.m57 %
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 Kunigami-Gun 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 Kunigami-Gun 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 Kunigami-Gun

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 old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 31.2 years old in 2015 and 25.3 years old in 2016; -18.8%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 42.9% of total transactions in 2015 and 20.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2015 and 60.0% of total transactions in 2016)
The table below shows Home dealt in Okinawa Kunigami-Gun, 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 Kunigami-Gun

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
Miyakojima-Shi 下地 (14) [Area]13,000,000130,09017.6 yrs min480 sq.m
Kunigami-Gun Ginozason (12) [Area]16,500,000130,10028.0 yrs min550 sq.m
Nago-Shi 字真喜屋 (4) [Area]16,000,000125,53826.9 yrs min395 sq.m
Nago-Shi 字親川 (4) [Area]11,500,000119,84121.9 yrs min380 sq.m
Itoman-Shi 字真壁 (4) [Area]13,500,000140,08319.5 yrs min415 sq.m
Okinawa Monorail Asahibashi (30) [Stations]43,000,000133,33338.9 yrs8 min175 sq.m
Okinawa Monorail Miebashi (63) [Stations]45,000,000150,00041.0 yrs7 min190 sq.m
Okinawa Monorail Tsubogawa (18) [Stations]38,500,000178,46821.6 yrs12 min225 sq.m
Okinawa Monorail Asato (63) [Stations]28,000,000181,81829.5 yrs13 min155 sq.m
Okinawa Monorail Ounoyamakouenn (21) [Stations]30,000,000201,15330.8 yrs11 min230 sq.m
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