Ooita Home average value

Price 96,313,044 JPY
  (212,088 JPY/sq.m)
- Age 31.5 years old
- Dist. from Sta. 18.6 min walk
- Property area 377.3 sq.m
- Total floor area 426.7 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Ooita, in 2017 was 168,106 JPY/sq.m. The market value represents a decrease of 111,624 JPY (-39.9%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 25 (-56.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.1 years old (a -13.6% decrease compared to the 32.5 years old of last year.). The average size of the real estate was 318.7 sq.m (a -23.6% decrease compared to the 416.9 sq.m of last year.). The average total floor space of the real estate was 547.6 sq.m (a +4.4% increase compared to the 524.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 32.5 years old in 2016 and 28.1 years old in 2017; -13.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 4.5% of total transactions in 2016 and 10.5% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 36.4% of total transactions in 2016 and 26.3% of total transactions in 2017)
Data regarding the market value and its changes of Home in Ooita were calculated using data on the sales of 363 properties provided by the MLIT Japan.

Ooita Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
中春日町23,000,000 JPY563,207 JPY/sq.mOoita18 min
長浜町33,000,000 JPY202,020 JPY/sq.mOoita18 min
錦町22,000,000 JPY969,696 JPY/sq.mOoita18 min
新春日町15,000,000 JPY275,481 JPY/sq.mOoita18 min
中島西12,000,000 JPY344,949 JPY/sq.mOoita18 min
中島西32,000,000 JPY783,593 JPY/sq.mOoita19 min
城崎町76,000,000 JPY285,498 JPY/sq.mOoita18 min
中島西56,000,000 JPY1,542,698 JPY/sq.mOoita19 min
西大道36,000,000 JPY360,628 JPY/sq.mOoita18 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 New329,350 JPY/sq.m100 %
Residual Value (10 Years)238,877 JPY/sq.m73 %
Residual Value (20 Years)174,614 JPY/sq.m53 %
Residual Value (20 Years)136,562 JPY/sq.m41 %
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 Ooita 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 Ooita 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 長浜町Oita-Shi Ooita 18.0 min walk)
33.5 years old , Area: 260 sq.m , Total floor area: 540 sq.m , Structure: RC
- Trading date: 2016-09-01T00:00:00Z

Trading price:   33,000,000 JPY,    Unit price:   61,111 JPY/sq.m

2. Oita Oita-Shi 錦町Oita-Shi Ooita 18.0 min walk)
35.3 years old , Area: 250 sq.m , Total floor area: 75 sq.m , Structure: 木造
- Trading date: 2015-06-01T00:00:00Z

Trading price:   22,000,000 JPY,    Unit price:   293,333 JPY/sq.m

3. Oita Oita-Shi 中島西Oita-Shi Ooita 19.0 min walk)
36.8 years old , Area: 260 sq.m , Total floor area: 135 sq.m , Structure: 木造
- Trading date: 2007-12-01T00:00:00Z

Trading price:   32,000,000 JPY,    Unit price:   237,037 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 less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 32.5 years old in 2016 and 28.1 years old in 2017; -13.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 4.5% of total transactions in 2016 and 10.5% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 36.4% of total transactions in 2016 and 26.3% of total transactions in 2017)
The table below shows Home dealt in Oita JR Hōhi Main Line Ooita, 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 Ooita

    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]19,000,000149,33333.5 yrs16 min220 sq.m
    JR Hōhi Main Line Shikido (216) [Stations]16,000,000129,71433.5 yrs21 min240 sq.m
    JR JR Hōhi Main Line (1,123) [Stations]17,000,000121,42830.8 yrs21 min250 sq.m
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