Miemachi Home average value

Price 12,368,000 JPY
  (58,165 JPY/sq.m)
- Age 33.3 years old
- Dist. from Sta. 20.6 min walk
- Property area 442.2 sq.m
- Total floor area 182.7 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Miemachi, in 2017 was 69,234 JPY/sq.m. The market value represents an increase of 31,067 JPY (+81.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.8 years old (a -13.7% decrease compared to the 42.6 years old of last year.). The average size of the real estate was 551.7 sq.m (a +35.9% increase compared to the 405.8 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -22.0% decrease compared to the 109.0 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 42.6 years old in 2016 and 36.8 years old in 2017; -13.7%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.2 min in 2016 and 26.0 min in 2017; +71.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 66.7% of total transactions in 2017)
Data regarding the market value and its changes of Home in Miemachi were calculated using data on the sales of 83 properties provided by the MLIT Japan.

Miemachi Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
三重町百枝25,000,000 JPY688,704 JPY/sq.mMiemachi17 min
三重町内田5,800,000 JPY273,907 JPY/sq.mMiemachi16 min
三重町秋葉7,100,000 JPY213,372 JPY/sq.mMiemachi20 min
三重町内田11,000,000 JPY303,028 JPY/sq.mMiemachi20 min
三重町内田3,000,000 JPY82,645 JPY/sq.mMiemachi16 min
三重町百枝9,400,000 JPY248,595 JPY/sq.mMiemachi18 min
三重町内田500,000 JPY30,050 JPY/sq.mMiemachi16 min
三重町赤嶺5,000,000 JPY183,653 JPY/sq.mMiemachi21 min

JR Hōhi Main Line Railway market report

2017. Jan Jun
 13 tradings
2016. Jan Sep
 99 tradings
2015. Jan Dec
 93 tradings
2014. Jan Dec
 49 tradings
2013. Jan Dec
 139 tradings
--2Q
3
--3Q
31
2Q
37
1Q
31
4Q
19
3Q
37
2Q
19
1Q
18
4Q
3
3Q
22
2Q
7
1Q
17
4Q
37
3Q
42
2Q
35
1Q
25
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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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
AgeTrading PriceProportion
Price at New122,379 JPY/sq.m100 %
Residual Value (10 Years)99,727 JPY/sq.m81 %
Residual Value (20 Years)80,456 JPY/sq.m66 %
Residual Value (20 Years)64,565 JPY/sq.m53 %
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 Miemachi 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 Oita JR Hōhi Main Line Miemachi Home that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Miemachi

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 42.6 years old in 2016 and 36.8 years old in 2017; -13.7%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.2 min in 2016 and 26.0 min in 2017; +71.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 66.7% of total transactions in 2017)
The table below shows Home dealt in Oita JR Hōhi Main Line Miemachi, 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 Miemachi

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
JR Hōhi Main Line Sugao (17) [Stations]6,300,00046,66626.3 yrs30 min430 sq.m
JR Hōhi Main Line Takenaka (28) [Stations]8,800,00076,25017.8 yrs30 min250 sq.m
JR Hōhi Main Line Bunngotaketa (59) [Stations]3,700,00035,41631.3 yrs20 min280 sq.m
JR Hōhi Main Line Tamarai (19) [Stations]5,100,00033,33331.5 yrs16 min330 sq.m
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