Okinawa-Shi Home average value

Price 45,052,336 JPY
  (254,192 JPY/sq.m)
- Age 19.9 years old
- Property area 373.4 sq.m
- Total floor area 231.0 sq.m

The average price of a sq.m Home of Okinawa Okinawa-Shi, in 2017 was 292,267 JPY/sq.m. The market value represents a decrease of 13,947 JPY (-4.6%) compared to 1 year ago and a transition to a some market. 13 properties exchanged hands ( The market value represents a decrease of 30 (-69.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.1 years old (a -42.3% decrease compared to the 20.9 years old of last year.). The average size of the real estate was 454.2 sq.m (a +7.9% increase compared to the 421.0 sq.m of last year.). The average total floor space of the real estate was 247.1 sq.m (a +22.5% increase compared to the 201.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.9 years old in 2016 and 12.1 years old in 2017; -42.3%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 5.9% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 32.4% of total transactions in 2016 and 40.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Okinawa-Shi were calculated using data on the sales of 406 properties provided by the MLIT Japan.

Okinawa-Shi Home market value list

AreaAverage Trading PriceAverage Unit Price
泡瀬28,890,000 JPY192,184 JPY/sq.m
字古謝34,070,370 JPY204,702 JPY/sq.m
高原45,961,538 JPY213,591 JPY/sq.m
海邦34,458,333 JPY200,521 JPY/sq.m
上地39,782,609 JPY191,611 JPY/sq.m
比屋根114,525,000 JPY246,143 JPY/sq.m
与儀301,935,714 JPY202,761 JPY/sq.m
知花74,071,429 JPY347,266 JPY/sq.m
美里25,853,846 JPY250,440 JPY/sq.m
松本22,333,333 JPY239,187 JPY/sq.m
山内31,090,909 JPY224,664 JPY/sq.m
照屋16,000,000 JPY115,846 JPY/sq.m
字美里33,181,818 JPY248,279 JPY/sq.m
大里25,454,546 JPY212,366 JPY/sq.m
南桃原29,700,000 JPY233,702 JPY/sq.m
登川22,600,000 JPY196,841 JPY/sq.m
諸見里48,800,000 JPY233,285 JPY/sq.m
宮里37,100,000 JPY254,329 JPY/sq.m
胡屋68,500,000 JPY200,325 JPY/sq.m
中央22,037,500 JPY88,207 JPY/sq.m
桃原19,000,000 JPY177,140 JPY/sq.m
園田12,900,000 JPY114,849 JPY/sq.m
久保田36,571,429 JPY237,947 JPY/sq.m
安慶田40,285,714 JPY271,193 JPY/sq.m
池原19,866,667 JPY224,374 JPY/sq.m
字桃原44,833,333 JPY299,015 JPY/sq.m
山里23,366,667 JPY110,044 JPY/sq.m
字登川26,600,000 JPY242,600 JPY/sq.m
美原46,500,000 JPY339,413 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 New342,022 JPY/sq.m100 %
Residual Value (10 Years)258,213 JPY/sq.m75 %
Residual Value (20 Years)208,905 JPY/sq.m61 %
Residual Value (20 Years)194,100 JPY/sq.m57 %
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 Okinawa-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 Okinawa-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 Okinawa-Shi 胡屋$station $station_distance min walk)
20.5 years old , Area: 210 sq.m , Total floor area: 155 sq.m , Structure: RC
- Trading date: 2012-09-01T00:00:00Z
Trading price:   20,000,000 JPY,    Unit price:   129,032 JPY/sq.m
2. Okinawa Okinawa-Shi 照屋$station $station_distance min walk)
20.8 years old , Area: 195 sq.m , Total floor area: 270 sq.m , Structure: RC
- Trading date: 2008-12-01T00:00:00Z
Trading price:   19,000,000 JPY,    Unit price:   70,370 JPY/sq.m
3. Okinawa Okinawa-Shi 大里$station $station_distance min walk)
19.2 years old , Area: 210 sq.m , Total floor area: 85 sq.m , Structure: RC
- Trading date: 2008-03-01T00:00:00Z
Trading price:   18,000,000 JPY,    Unit price:   211,764 JPY/sq.m
4. Okinawa Okinawa-Shi 胡屋$station $station_distance min walk)
19.0 years old , Area: 200 sq.m , Total floor area: 130 sq.m , Structure: RC
- Trading date: 2009-03-01T00:00:00Z
Trading price:   19,000,000 JPY,    Unit price:   146,153 JPY/sq.m
5. Okinawa Okinawa-Shi 嘉間良$station $station_distance min walk)
18.9 years old , Area: 200 sq.m , Total floor area: 195 sq.m , Structure: RC
- Trading date: 2007-12-01T00:00:00Z
Trading price:   21,000,000 JPY,    Unit price:   107,692 JPY/sq.m
6. Okinawa Okinawa-Shi 上地$station $station_distance min walk)
21.8 years old , Area: 200 sq.m , Total floor area: 280 sq.m , Structure: RC
- Trading date: 2013-12-01T00:00:00Z
Trading price:   36,000,000 JPY,    Unit price:   128,571 JPY/sq.m
7. Okinawa Okinawa-Shi 美里$station $station_distance min walk)
21.8 years old , Area: 185 sq.m , Total floor area: 85 sq.m , Structure: RC
- Trading date: 2016-12-01T00:00:00Z
Trading price:   28,000,000 JPY,    Unit price:   329,411 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 recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.9 years old in 2016 and 12.1 years old in 2017; -42.3%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 5.9% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 32.4% of total transactions in 2016 and 40.0% of total transactions in 2017)
The table below shows Home dealt in Okinawa Okinawa-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 Okinawa-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 金城 (8) [Area]66,000,000254,07917.9 yrs12 min445 sq.m
    Nago-Shi 宇茂佐の森 (5) [Area]30,000,000251,55219.3 yrs min300 sq.m
    Chatan-Cho 字港 (6) [Area]37,000,000271,42822.5 yrs min300 sq.m
    Naha-Shi 壺川 (11) [Area]110,000,000229,34718.8 yrs4 min430 sq.m
    Uruma-Shi 字兼箇段 (9) [Area]20,000,000220,00019.8 yrs min320 sq.m
    Okinawa Monorail Oroku (28) [Stations]49,000,000250,00022.8 yrs10 min265 sq.m
    Okinawa Monorail Kennchoumae (58) [Stations]110,000,000258,42626.2 yrs8 min155 sq.m
    Okinawa Monorail Shuri (67) [Stations]30,000,000242,20927.5 yrs13 min210 sq.m
    Okinawa Monorail Shiritsubyouinnmae (16) [Stations]36,500,000233,56419.3 yrs5 min175 sq.m
    Okinawa Monorail Akamine (24) [Stations]31,500,000226,15723.3 yrs11 min172 sq.m
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