Okinawa-Shi Home average value

Price 42,061,682 JPY
  (250,559 JPY/sq.m)
- Age 21.0 years old
- Property area 343.0 sq.m
- Total floor area 216.0 sq.m

The average price of a sq.m Home of Okinawa Okinawa-Shi, in 2017 was 450,000 JPY/sq.m. The market value represents an increase of 143,785 JPY (+47.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 42 (-97.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 1.0 years old (a -95.2% decrease compared to the 20.9 years old of last year.). The average size of the real estate was 165.0 sq.m (a -60.8% decrease compared to the 421.0 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -60.3% decrease 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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.9 years old in 2016 and 1.0 years old in 2017; -95.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 26.5% of total transactions in 2016 and 100.0% 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 394 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33,958,333 JPY218,502 JPY/sq.m
海邦35,000,000 JPY199,674 JPY/sq.m
上地40,681,818 JPY195,775 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
照屋16,000,000 JPY115,846 JPY/sq.m
松本21,545,454 JPY227,776 JPY/sq.m
大里25,454,546 JPY212,366 JPY/sq.m
南桃原29,700,000 JPY233,702 JPY/sq.m
山内31,400,000 JPY222,783 JPY/sq.m
登川22,600,000 JPY196,841 JPY/sq.m
宮里37,100,000 JPY254,329 JPY/sq.m
字美里34,500,000 JPY244,120 JPY/sq.m
諸見里51,750,000 JPY198,499 JPY/sq.m
胡屋68,500,000 JPY200,325 JPY/sq.m
中央22,037,500 JPY88,207 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
桃原18,142,857 JPY174,973 JPY/sq.m
字桃原44,833,333 JPY299,015 JPY/sq.m
山里23,366,667 JPY110,044 JPY/sq.m
池原17,240,000 JPY203,249 JPY/sq.m
美原46,500,000 JPY339,413 JPY/sq.m
字登川23,250,000 JPY185,603 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 New331,001 JPY/sq.m100 %
Residual Value (10 Years)251,408 JPY/sq.m76 %
Residual Value (20 Years)204,282 JPY/sq.m62 %
Residual Value (20 Years)189,624 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 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 in Okinawa-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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.9 years old in 2016 and 1.0 years old in 2017; -95.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 26.5% of total transactions in 2016 and 100.0% 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
Nago-Shi 宇茂佐の森 (5) [Area]30,000,000251,55217.6 yrs min300 sq.m
Nakagusukuson 字久場 (4) [Area]23,000,000242,50019.1 yrs min275 sq.m
Tomigusuku-Shi 字翁長 (9) [Area]25,000,000237,46022.0 yrs min280 sq.m
Chatan-Cho 字港 (6) [Area]37,000,000271,42822.5 yrs min300 sq.m
Naha-Shi 壺川 (10) [Area]73,500,000229,34718.8 yrs4 min285 sq.m
Okinawa Monorail Oroku (28) [Stations]49,000,000250,00022.8 yrs10 min265 sq.m
Okinawa Monorail Shuri (67) [Stations]30,000,000242,20927.5 yrs13 min210 sq.m
Okinawa Monorail Tsubogawa (18) [Stations]38,500,000178,46821.6 yrs12 min225 sq.m
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