Shikido Home average value

Price 22,411,864 JPY
  (153,752 JPY/sq.m)
- Age 28.2 years old
- Dist. from Sta. 20.3 min walk
- Property area 326.7 sq.m
- Total floor area 175.3 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Shikido, in 2017 was 170,504 JPY/sq.m. The market value represents an increase of 23,795 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 32 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.4 years old (a -23.5% decrease compared to the 30.6 years old of last year.). The average size of the real estate was 323.8 sq.m (a +10.4% increase compared to the 293.2 sq.m of last year.). The average total floor space of the real estate was 136.2 sq.m (a +2.2% increase compared to the 133.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.6 years old in 2016 and 23.4 years old in 2017; -23.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.8 min in 2016 and 25.8 min in 2017; +30.0%)
Data regarding the market value and its changes of Home in Shikido were calculated using data on the sales of 211 properties provided by the MLIT Japan.

Shikido Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大字宮崎14,000,000 JPY370,248 JPY/sq.mShikido19 min
大字光吉13,000,000 JPY429,752 JPY/sq.mShikido21 min
大字宮崎11,000,000 JPY404,040 JPY/sq.mShikido18 min
大字宮崎13,000,000 JPY429,752 JPY/sq.mShikido18 min
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
敷戸南町15,000,000 JPY472,255 JPY/sq.mShikido18 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 New263,956 JPY/sq.m100 %
Residual Value (10 Years)204,663 JPY/sq.m78 %
Residual Value (20 Years)161,000 JPY/sq.m61 %
Residual Value (20 Years)132,966 JPY/sq.m50 %
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 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.

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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 大字宮崎Oita-Shi Shikido 19.0 min walk)
34.5 years old , Area: 240 sq.m , Total floor area: 125 sq.m , Structure: 木造
- Trading date: 2010-09-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   112,000 JPY/sq.m
2. Oita Oita-Shi 大字宮崎Oita-Shi Shikido 18.0 min walk)
35.0 years old , Area: 260 sq.m , Total floor area: 100 sq.m , Structure: 軽量鉄骨造
- Trading date: 2012-03-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   130,000 JPY/sq.m
3. Oita Oita-Shi 敷戸南町Oita-Shi Shikido 18.0 min walk)
36.5 years old , Area: 250 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2007-09-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   142,857 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:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.6 years old in 2016 and 23.4 years old in 2017; -23.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.8 min in 2016 and 25.8 min in 2017; +30.0%)
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 (89) [Stations]19,000,000142,08331.1 yrs18 min220 sq.m
    JR Hōhi Main Line Ooita (356) [Stations]29,000,000140,41134.9 yrs20 min240 sq.m
    JR JR Hōhi Main Line (1,103) [Stations]16,000,000120,71430.8 yrs21 min250 sq.m
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