Nago-Shi Home average value

Price 39,213,726 JPY
  (167,294 JPY/sq.m)
- Age 20.5 years old
- Property area 451.9 sq.m
- Total floor area 274.6 sq.m

The average price of a sq.m Home of Okinawa Nago-Shi, in 2017 was 115,025 JPY/sq.m. The market value represents a decrease of 71,552 JPY (-38.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 13 (-65.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.5 years old (a +60.1% increase compared to the 18.4 years old of last year.). The average size of the real estate was 332.9 sq.m (a -24.4% decrease compared to the 440.0 sq.m of last year.). The average total floor space of the real estate was 472.9 sq.m (a +124.6% increase compared to the 210.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2016 and 29.5 years old in 2017; +60.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 36.8% of total transactions in 2016 and 71.4% of total transactions in 2017)
Data regarding the market value and its changes of Home in Nago-Shi were calculated using data on the sales of 229 properties provided by the MLIT Japan.

Nago-Shi Home market value list

AreaAverage Trading PriceAverage Unit Price
東江60,290,000 JPY151,396 JPY/sq.m
大東47,176,471 JPY156,397 JPY/sq.m
宮里28,587,500 JPY189,783 JPY/sq.m
字為又40,557,143 JPY169,422 JPY/sq.m
字宇茂佐21,661,538 JPY166,888 JPY/sq.m
字名護37,646,154 JPY143,794 JPY/sq.m
大北55,909,091 JPY191,108 JPY/sq.m
大南25,690,909 JPY140,521 JPY/sq.m
字屋部22,877,778 JPY180,758 JPY/sq.m
字済井出14,262,500 JPY110,015 JPY/sq.m
字宮里53,428,571 JPY111,042 JPY/sq.m
字田井等9,100,000 JPY121,831 JPY/sq.m
字我部祖河10,240,000 JPY118,788 JPY/sq.m
宇茂佐の森70,200,000 JPY256,195 JPY/sq.m
34,000,000 JPY62,783 JPY/sq.m
字伊差川9,740,000 JPY112,091 JPY/sq.m
18,500,000 JPY112,551 JPY/sq.m
字親川10,550,000 JPY106,904 JPY/sq.m
字久志14,375,000 JPY131,688 JPY/sq.m
字仲尾10,050,000 JPY118,884 JPY/sq.m
字瀬嵩12,300,000 JPY137,189 JPY/sq.m
字安和11,950,000 JPY126,897 JPY/sq.m
字真喜屋14,325,000 JPY148,525 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 New300,663 JPY/sq.m100 %
Residual Value (10 Years)215,231 JPY/sq.m72 %
Residual Value (20 Years)154,971 JPY/sq.m52 %
Residual Value (20 Years)119,882 JPY/sq.m40 %
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 Nago-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 Nago-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 Nago-Shi 宮里$station $station_distance min walk)
19.3 years old , Area: 350 sq.m , Total floor area: 480 sq.m , Structure: RC
- Trading date: 2014-06-01T00:00:00Z
Trading price:   62,000,000 JPY,    Unit price:   129,166 JPY/sq.m
2. Okinawa Nago-Shi 字豊原$station $station_distance min walk)
20.0 years old , Area: 310 sq.m , Total floor area: 130 sq.m , Structure: RC
- Trading date: 2013-03-01T00:00:00Z
Trading price:   18,000,000 JPY,    Unit price:   138,461 JPY/sq.m
3. Okinawa Nago-Shi 字済井出$station $station_distance min walk)
18.0 years old , Area: 310 sq.m , Total floor area: 115 sq.m , Structure: RC
- Trading date: 2009-03-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   113,043 JPY/sq.m
4. Okinawa Nago-Shi 東江$station $station_distance min walk)
20.5 years old , Area: 340 sq.m , Total floor area: 440 sq.m , Structure: RC
- Trading date: 2017-09-01T00:00:00Z
Trading price:   70,000,000 JPY,    Unit price:   159,090 JPY/sq.m
5. Okinawa Nago-Shi 東江$station $station_distance min walk)
20.5 years old , Area: 340 sq.m , Total floor area: 440 sq.m , Structure: RC
- Trading date: 2017-09-01T00:00:00Z
Trading price:   73,000,000 JPY,    Unit price:   165,909 JPY/sq.m
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- 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:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2016 and 29.5 years old in 2017; +60.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 36.8% of total transactions in 2016 and 71.4% of total transactions in 2017)
The table below shows Home dealt in Okinawa Nago-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 Nago-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
    Kin-Cho 字屋嘉 (6) [Area]18,500,000155,55518.3 yrs min380 sq.m
    Itoman-Shi 字座波 (4) [Area]20,500,000180,59218.6 yrs min525 sq.m
    Nago-Shi 大北 (11) [Area]20,000,000152,67817.3 yrs min460 sq.m
    Kunigami-Gun On'Nason (36) [Area]24,500,000142,85720.9 yrs min365 sq.m
    Itoman-Shi 字真壁 (4) [Area]13,500,000140,08319.5 yrs min415 sq.m
    Okinawa Monorail Tsubogawa (19) [Stations]40,000,000178,46823.8 yrs9 min250 sq.m
    Okinawa Monorail Ounoyamakouenn (21) [Stations]30,000,000201,15330.8 yrs11 min230 sq.m
    Other Okinawa Monorail (500) [Stations]48,000,000211,64529.3 yrs9 min190 sq.m
    Other (500) [Stations]48,000,000211,64529.3 yrs9 min190 sq.m
    Okinawa Monorail Shuri (67) [Stations]30,000,000242,20927.5 yrs13 min210 sq.m
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