Sugao Home average value

Price 6,982,353 JPY
  (62,606 JPY/sq.m)
- Age 26.3 years old
- Dist. from Sta. 41.4 min walk
- Property area 529.1 sq.m
- Total floor area 150.0 sq.m

The average price of a sq.m Home of Oita JR Hōhi Main Line Sugao, in 2016 was 28,262 JPY/sq.m. The market value represents a decrease of 44,220 JPY (-61.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 27.9 years old (a +54.9% increase compared to the 18.0 years old of last year.). The average size of the real estate was 1285.0 sq.m (a +289.4% increase compared to the 330.0 sq.m of last year.). The average total floor space of the real estate was 422.5 sq.m (a +141.4% increase compared to the 175.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2015 and 27.9 years old in 2016; +54.9%)
  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 74.5 min in 2016; +148.3%)
Data regarding the market value and its changes of Home in Sugao were calculated using data on the sales of 17 properties provided by the MLIT Japan.

Sugao Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
三重町菅生7,000,000 JPY32,592 JPY/sq.mSugao29 min
三重町小坂7,800,000 JPY245,570 JPY/sq.mSugao30 min
三重町小坂17,000,000 JPY255,445 JPY/sq.mSugao30 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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Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

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 New180,432 JPY/sq.m100 %
Residual Value (10 Years)114,905 JPY/sq.m64 %
Residual Value (20 Years)72,328 JPY/sq.m40 %
Residual Value (20 Years)52,701 JPY/sq.m29 %
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 Sugao 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 Sugao 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 Sugao

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 slight decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2015 and 27.9 years old in 2016; +54.9%)
  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 74.5 min in 2016; +148.3%)
The table below shows Home dealt in Oita JR Hōhi Main Line Sugao, 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 Sugao

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 Miemachi (83) [Stations]3,500,00050,00038.5 yrs18 min310 sq.m
JR Hōhi Main Line Takenaka (28) [Stations]8,800,00076,25017.8 yrs30 min250 sq.m
JR Hōhi Main Line Bunngotaketa (59) [Stations]3,700,00035,41631.3 yrs20 min280 sq.m
JR Hōhi Main Line Ogata (6) [Stations]2,500,00025,33329.8 yrs23 min720 sq.m
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