Iwakuni-Shi Land average value

Price 15,709,289 JPY
  (40,400 JPY/sq.m)
- Dist. from Sta. 20.2 min walk
- Property area 386.1 sq.m

The average price of a sq.m Land of Yamaguchi Iwakuni-Shi, in 2017 was 34,554 JPY/sq.m. The market value represents a decrease of 4,976 JPY (-12.6%) compared to 1 year ago and a transition to a weak market. 15 properties exchanged hands ( The market value represents a decrease of 104 (-87.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 201.0 sq.m (a -45.6% decrease compared to the 369.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.4% of total transactions in 2016 and 20.0% of total transactions in 2017)
Data regarding the market value and its changes of Land in Iwakuni-Shi were calculated using data on the sales of 1,343 properties provided by the MLIT Japan.

Iwakuni-Shi Land market value list

AreaAverage Trading PriceAverage Unit Price
玖珂町7,484,783 JPY27,141 JPY/sq.m
錦見15,892,308 JPY48,166 JPY/sq.m
平田245,101,370 JPY57,956 JPY/sq.m
室の木町18,095,238 JPY48,046 JPY/sq.m
周東町下久原11,645,500 JPY25,929 JPY/sq.m
南岩国町16,551,000 JPY57,117 JPY/sq.m
岩国23,356,034 JPY64,689 JPY/sq.m
通津11,289,130 JPY25,835 JPY/sq.m
牛野谷町9,010,000 JPY41,484 JPY/sq.m
御庄8,695,790 JPY28,419 JPY/sq.m
多田13,993,939 JPY35,419 JPY/sq.m
山手町13,699,375 JPY63,176 JPY/sq.m
今津町21,318,750 JPY80,619 JPY/sq.m
麻里布町65,732,258 JPY102,872 JPY/sq.m
車町10,763,333 JPY41,808 JPY/sq.m
旭町32,721,429 JPY39,807 JPY/sq.m
門前町14,185,185 JPY52,029 JPY/sq.m
周東町上久原12,672,000 JPY18,443 JPY/sq.m
楠町14,004,167 JPY54,810 JPY/sq.m
装束町14,660,870 JPY37,881 JPY/sq.m
昭和町20,886,364 JPY82,728 JPY/sq.m
藤生町12,066,667 JPY43,328 JPY/sq.m
由宇町港6,130,000 JPY27,507 JPY/sq.m
中津町18,559,444 JPY56,210 JPY/sq.m
由宇町5,743,377 JPY24,422 JPY/sq.m
周東町西長野4,303,333 JPY13,534 JPY/sq.m
川西8,373,333 JPY52,305 JPY/sq.m
立石町13,026,667 JPY58,694 JPY/sq.m
関戸12,114,286 JPY32,729 JPY/sq.m
横山14,491,667 JPY69,556 JPY/sq.m
青木町10,933,333 JPY33,354 JPY/sq.m
由宇町北5,245,833 JPY19,341 JPY/sq.m
小瀬13,883,333 JPY43,434 JPY/sq.m
三笠町14,163,636 JPY70,266 JPY/sq.m
美和町渋前3,650,000 JPY8,648 JPY/sq.m
元町18,210,000 JPY84,024 JPY/sq.m
川下町17,020,000 JPY52,364 JPY/sq.m
3,411,111 JPY11,924 JPY/sq.m
尾津町21,377,778 JPY45,314 JPY/sq.m
錦町広瀬2,024,444 JPY12,487 JPY/sq.m
海土路町11,187,500 JPY40,143 JPY/sq.m
保津町8,775,000 JPY33,412 JPY/sq.m
由宇町西8,971,429 JPY38,669 JPY/sq.m
由宇町南沖7,051,429 JPY34,934 JPY/sq.m
砂山町10,766,667 JPY67,111 JPY/sq.m
周東町祖生2,900,000 JPY2,199 JPY/sq.m
由宇町中央5,280,000 JPY23,417 JPY/sq.m
美和町生見4,440,000 JPY14,718 JPY/sq.m
周東町用田5,106,000 JPY13,072 JPY/sq.m
周東町差川1,830,000 JPY4,305 JPY/sq.m
由宇町南7,605,454 JPY33,759 JPY/sq.m
新港町103,550,000 JPY35,032 JPY/sq.m
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
{{(expShow==true) ? 'Close' : 'Show all'}}
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 Iwakuni-Shi Land market value

We can calculate market values for Land 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 Yamaguchi Iwakuni-Shi Land 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 Iwakuni-Shi

Past Land 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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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.4% of total transactions in 2016 and 20.0% of total transactions in 2017)
The table below shows Land dealt in Yamaguchi Iwakuni-Shi, 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 Iwakuni-Shi

The closest areas in terms of Land 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
Shimonoseki-Shi 一の宮住吉 (10) [Area]11,500,00042,652 yrs20 min310 sq.m
Hagi-Shi 大字江向 (22) [Area]10,500,00036,806 yrs19 min310 sq.m
Shimonoseki-Shi 長府中土居本町 (6) [Area]17,500,00046,083 yrs24 min370 sq.m
Hikari-Shi 木園 (13) [Area]9,300,00034,090 yrs20 min350 sq.m
Shunan-Shi 野村 (10) [Area]11,450,00033,333 yrs22 min440 sq.m
JR Gantoku Line Nishiiwakuni (193) [Stations]12,000,00039,473 yrs15 min260 sq.m
JR San-in Main Line Hatabu (214) [Stations]12,000,00041,653 yrs20 min260 sq.m
JR Sanyo Main Line Hatabu (214) [Stations]12,000,00041,653 yrs20 min260 sq.m
Shinkansen Sanyo Shinkansen (1,034) [Stations]10,000,00042,428 yrs19 min260 sq.m
Shinkansen (1,034) [Stations]10,000,00042,428 yrs19 min260 sq.m
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