Oshima-Gun Land average value

Price 3,744,030 JPY
  (10,885 JPY/sq.m)
- Dist. from Sta. 98.1 min walk
- Property area 493.9 sq.m

The average price of a sq.m Land of Yamaguchi Oshima-Gun, in 2017 was 5,526 JPY/sq.m. The market value represents a decrease of 5,556 JPY (-50.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 15 (-93.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.0 sq.m (a -14.7% decrease compared to the 445.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 93.8 min in 2016 and 120.0 min in 2017; +28.0%)
Data regarding the market value and its changes of Land in Oshima-Gun were calculated using data on the sales of 169 properties provided by the MLIT Japan.

Oshima-Gun Land market value list

AreaAverage Trading PriceAverage Unit Price
Suooshima-Cho3,744,030 JPY10,885 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.)
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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 Oshima-Gun 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 Oshima-Gun Land 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 in Oshima-Gun

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 very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 93.8 min in 2016 and 120.0 min in 2017; +28.0%)
The table below shows Land dealt in Yamaguchi Oshima-Gun, 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 Oshima-Gun

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
Hofu-Shi 大字浜方 (25) [Area]4,800,00011,627 yrs60 min330 sq.m
Suooshima-Cho 大字小松開作 (11) [Area]4,000,00012,311 yrs60 min300 sq.m
Shunan-Shi 大字大島 (19) [Area]2,900,0009,295 yrs90 min320 sq.m
Oshima-Gun Suooshima-Cho (169) [Area]2,500,0009,177 yrs120 min310 sq.m
Nishikigawa Railway Nishikigawa Seiryū Line Mukuno (11) [Stations]4,000,0009,302 yrs90 min430 sq.m
JR Sanyo Main Line Oobatake (190) [Stations]2,500,0009,189 yrs120 min320 sq.m
JR Mine Line Nagatoyumoto (25) [Stations]1,600,0007,000 yrs60 min220 sq.m
JR Mine Line Shigeyasu (18) [Stations]1,850,0006,470 yrs120 min430 sq.m
JR Sanyo Main Line Kotou (94) [Stations]2,400,0006,066 yrs60 min305 sq.m
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