Ooita Home average value

Price 86,540,540 JPY
  (206,740 JPY/sq.m)
- Age 31.7 years old
- Dist. from Sta. 18.1 min walk
- Property area 362.0 sq.m
- Total floor area 413.1 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Ooita, in 2017 was 208,123 JPY/sq.m. The market value represents an increase of 60,250 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 25 (-86.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.3 years old (a -15.2% decrease compared to the 33.4 years old of last year.). The average size of the real estate was 341.2 sq.m (a -22.7% decrease compared to the 441.4 sq.m of last year.). The average total floor space of the real estate was 591.2 sq.m (a +0.3% increase compared to the 589.7 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.

Cause of price increases

  • An decrease in average age of the building (representing 33.4 years old in 2016 and 28.3 years old in 2017; -15.2%)
  • A dramatic decrease in average distance from the station (representing 17.7 min in 2016 and 12.0 min in 2017; -32.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.9% of total transactions in 2016 and 25.0% 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 333 properties provided by the MLIT Japan.

Ooita Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
新春日町15,000,000 JPY275,481 JPY/sq.mOoita18 min
錦町22,000,000 JPY969,696 JPY/sq.mOoita18 min
城崎町76,000,000 JPY285,498 JPY/sq.mOoita18 min
中島西32,000,000 JPY783,593 JPY/sq.mOoita19 min
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

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 New311,119 JPY/sq.m100 %
Residual Value (10 Years)233,377 JPY/sq.m75 %
Residual Value (20 Years)175,692 JPY/sq.m56 %
Residual Value (20 Years)138,065 JPY/sq.m44 %
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 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.

{{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 Ooita

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 new buildings under 20 years old.

Cause of price increases

  • An decrease in average age of the building (representing 33.4 years old in 2016 and 28.3 years old in 2017; -15.2%)
  • A dramatic decrease in average distance from the station (representing 17.7 min in 2016 and 12.0 min in 2017; -32.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.9% of total transactions in 2016 and 25.0% 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 (85) [Stations]18,000,000149,33327.9 yrs16 min210 sq.m
JR Hōhi Main Line Shikido (204) [Stations]16,500,000125,00032.3 yrs19 min240 sq.m
JR JR Hōhi Main Line (1,048) [Stations]17,000,000118,51830.4 yrs20 min250 sq.m
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