Shikido Home average value

Price 23,693,939 JPY
  (159,360 JPY/sq.m)
- Age 26.4 years old
- Dist. from Sta. 19.2 min walk
- Property area 334.2 sq.m
- Total floor area 190.4 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Shikido, in 2017 was 270,000 JPY/sq.m. The market value represents an increase of 120,388 JPY (+80.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 30 (-96.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 1.0 years old (a -96.5% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 120.0 sq.m (a -60.3% decrease compared to the 302.1 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -27.0% decrease compared to the 137.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.8 years old in 2016 and 1.0 years old in 2017; -96.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.9 min in 2016 and 24.0 min in 2017; +20.8%)
Data regarding the market value and its changes of Home in Shikido were calculated using data on the sales of 204 properties provided by the MLIT Japan.

Shikido Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大字光吉7,300,000 JPY301,653 JPY/sq.mShikido20 min
星和台20,000,000 JPY489,745 JPY/sq.mShikido18 min
大字宮崎11,000,000 JPY404,040 JPY/sq.mShikido18 min
大字宮崎14,000,000 JPY370,248 JPY/sq.mShikido19 min
大字宮崎7,200,000 JPY250,542 JPY/sq.mShikido18 min
大字宮崎13,000,000 JPY429,752 JPY/sq.mShikido18 min
大字光吉13,000,000 JPY429,752 JPY/sq.mShikido21 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 New271,276 JPY/sq.m100 %
Residual Value (10 Years)206,239 JPY/sq.m76 %
Residual Value (20 Years)157,993 JPY/sq.m58 %
Residual Value (20 Years)126,539 JPY/sq.m47 %
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 Shikido 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 Shikido 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 Shikido

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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.8 years old in 2016 and 1.0 years old in 2017; -96.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.9 min in 2016 and 24.0 min in 2017; +20.8%)
The table below shows Home dealt in Oita JR Hōhi Main Line Shikido, 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 Shikido

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 Ooita (333) [Stations]29,000,000138,88835.5 yrs18 min240 sq.m
JR JR Hōhi Main Line (1,048) [Stations]17,000,000118,51830.4 yrs20 min250 sq.m
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