Miemachi Home average value

Price 10,763,636 JPY
  (47,348 JPY/sq.m)
- Age 35.0 years old
- Dist. from Sta. 21.2 min walk
- Property area 451.8 sq.m
- Total floor area 182.1 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Miemachi, in 2017 was 59,507 JPY/sq.m. The market value represents an increase of 29,495 JPY (+98.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.9 years old (a -25.0% decrease compared to the 41.2 years old of last year.). The average size of the real estate was 505.0 sq.m (a +9.2% increase compared to the 462.5 sq.m of last year.). The average total floor space of the real estate was 131.0 sq.m (a +17.6% increase compared to the 111.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 41.2 years old in 2016 and 30.9 years old in 2017; -25.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.0 min in 2016 and 23.0 min in 2017; +27.8%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2016 and 60.0% 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 85 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 - Dec
 44 tradings
2016. Jan - Dec
 130 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 49 tradings
4Q
1
3Q
30
2Q
3
1Q
10
4Q
31
3Q
31
2Q
37
1Q
31
4Q
19
3Q
37
2Q
19
1Q
18
4Q
3
3Q
22
2Q
7
1Q
17

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 New287,521 JPY/sq.m100 %
Residual Value (10 Years)192,211 JPY/sq.m67 %
Residual Value (20 Years)120,946 JPY/sq.m42 %
Residual Value (20 Years)73,727 JPY/sq.m26 %
Color:
Unit:   Touch:


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Home value Age transition. Market values in terms of Age.

Home value Age transition

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 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.

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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.

Related sales({{similarlist.length}})

1. Oita Bungoono-Shi 三重町内田Bungoono-Shi Miemachi 16.0 min walk)
38.0 years old , Area: 250 sq.m , Total floor area: 70 sq.m , Structure: 木造
- Trading date: 2012-03-01T00:00:00Z

Trading price:   5,800,000 JPY,    Unit price:   82,857 JPY/sq.m

2. Oita Bungoono-Shi 三重町秋葉Bungoono-Shi Miemachi 20.0 min walk)
39.3 years old , Area: 400 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2016-06-01T00:00:00Z

Trading price:   7,100,000 JPY,    Unit price:   64,545 JPY/sq.m

3. Oita Bungoono-Shi 三重町内田Bungoono-Shi Miemachi 16.0 min walk)
44.5 years old , Area: 330 sq.m , Total floor area: 55 sq.m , Structure: 木造
- Trading date: 2016-09-01T00:00:00Z

Trading price:   500,000 JPY,    Unit price:   9,090 JPY/sq.m

4. Oita Bungoono-Shi 三重町秋葉Bungoono-Shi Miemachi 19.0 min walk)
27.8 years old , Area: 340 sq.m , Total floor area: 85 sq.m , Structure: 木造
- Trading date: 2007-12-01T00:00:00Z

Trading price:   6,600,000 JPY,    Unit price:   77,647 JPY/sq.m

5. Oita Bungoono-Shi 三重町内田Bungoono-Shi Miemachi 23.0 min walk)
27.3 years old , Area: 250 sq.m , Total floor area: 85 sq.m , Structure: 木造
- Trading date: 2011-06-01T00:00:00Z

Trading price:   7,700,000 JPY,    Unit price:   90,588 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:


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Home market value trends Market value trends for Home.

Home market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 41.2 years old in 2016 and 30.9 years old in 2017; -25.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.0 min in 2016 and 23.0 min in 2017; +27.8%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2016 and 60.0% 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 (18) [Stations]6,500,00049,99928.7 yrs30 min450 sq.m
    JR Hōhi Main Line Bunngotaketa (64) [Stations]3,850,00032,00031.3 yrs23 min290 sq.m
    JR Hōhi Main Line Tamarai (22) [Stations]4,450,00030,95230.8 yrs16 min330 sq.m
    JR Hōhi Main Line Ogata (6) [Stations]2,500,00025,33329.8 yrs23 min720 sq.m
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