Nakahannda Home average value

Price 16,014,286 JPY
  (129,856 JPY/sq.m)
- Age 18.7 years old
- Dist. from Sta. 27.2 min walk
- Property area 348.9 sq.m
- Total floor area 142.2 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Nakahannda, in 2017 was 161,538 JPY/sq.m. The market value represents an increase of 38,099 JPY (+30.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.0 years old (a +44.7% increase compared to the 11.8 years old of last year.). The average size of the real estate was 220.0 sq.m (a -54.2% decrease compared to the 480.0 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a -33.7% decrease compared to the 181.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.8 years old in 2016 and 17.0 years old in 2017; +44.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Nakahannda were calculated using data on the sales of 113 properties provided by the MLIT Japan.

Nakahannda Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大字松岡47,000,000 JPY272,582 JPY/sq.mNakahannda30 min
大字松岡34,000,000 JPY151,884 JPY/sq.mNakahannda30 min
けやき台14,000,000 JPY330,579 JPY/sq.mNakahannda30 min

JR Hōhi Main Line Railway market report

2018 2017. Jan - Jun
 13 tradings
2016. Jan - Sep
 99 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 49 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

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 New237,503 JPY/sq.m100 %
Residual Value (10 Years)164,162 JPY/sq.m69 %
Residual Value (20 Years)108,825 JPY/sq.m46 %
Residual Value (20 Years)71,490 JPY/sq.m30 %
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 Nakahannda 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 Nakahannda 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. Oita Oita-Shi けやき台Oita-Shi Nakahannda 30.0 min walk)
17.3 years old , Area: 250 sq.m , Total floor area: 140 sq.m , Structure: 木造
- Trading date: 2015-06-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   100,000 JPY/sq.m
2. Oita Oita-Shi けやき台Oita-Shi Nakahannda 30.0 min walk)
21.5 years old , Area: 230 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2017-09-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   123,076 JPY/sq.m
3. Oita Oita-Shi ひばりケ丘Oita-Shi Nakahannda 25.0 min walk)
19.8 years old , Area: 270 sq.m , Total floor area: 155 sq.m , Structure: 木造
- Trading date: 2013-12-01T00:00:00Z
Trading price:   6,500,000 JPY,    Unit price:   41,935 JPY/sq.m
4. Oita Oita-Shi 大字上判田Oita-Shi Nakahannda 24.0 min walk)
22.3 years old , Area: 290 sq.m , Total floor area: 155 sq.m , Structure: 木造
- Trading date: 2016-06-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   141,935 JPY/sq.m
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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 relatively new buildings under 20 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.8 years old in 2016 and 17.0 years old in 2017; +44.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Home dealt in Oita JR Hōhi Main Line Nakahannda, 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 Nakahannda

    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 Takio (89) [Stations]19,000,000142,08331.1 yrs18 min220 sq.m
    JR JR Hōhi Main Line (1,078) [Stations]16,000,000116,38730.5 yrs21 min250 sq.m
    JR Hōhi Main Line Ooitadaigakumae (61) [Stations]22,000,000174,17511.9 yrs23 min250 sq.m
    JR Hōhi Main Line Takenaka (28) [Stations]8,800,00076,25017.8 yrs30 min250 sq.m
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