Funakoshi Land average value

Price 7,559,744 JPY
  (13,635 JPY/sq.m)
- Dist. from Sta. 19.7 min walk
- Property area 534.2 sq.m

The average price of a sq.m Land of Akita JR Oga Line Funakoshi, in 2016 was 13,202 JPY/sq.m. The market value represents an increase of 7,311 JPY (+124.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 615.0 sq.m (a +210.1% increase compared to the 198.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2015 and 11.2 min in 2016; -30.0%)
Data regarding the market value and its changes of Land in Funakoshi were calculated using data on the sales of 78 properties provided by the MLIT Japan.

Funakoshi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
船越2,900,000 JPY7,987 JPY/sq.mFunakoshi15 min
船越5,000,000 JPY- JPY/sq.mFunakoshi15 min
船越2,500,000 JPY8,264 JPY/sq.mFunakoshi15 min
船越790,000 JPY15,825 JPY/sq.mFunakoshi15 min
船越85,000,000 JPY- JPY/sq.mFunakoshi14 min
船越15,000,000 JPY- JPY/sq.mFunakoshi14 min
船越1,600,000 JPY19,587 JPY/sq.mFunakoshi16 min
船越1,400,000 JPY6,251 JPY/sq.mFunakoshi14 min

JR Oga Line Railway market report

2017 2016. Jan Sep
 28 tradings
2015. Jan Dec
 21 tradings
2014. Jan Dec
 26 tradings
2013. Jan Dec
 62 tradings
-3Q
12
-1Q
3
4Q
1
3Q
10
-1Q
10
4Q
1
3Q
15
2Q
1
1Q
9
4Q
12
3Q
17
2Q
17
1Q
16
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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 Funakoshi 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 Akita JR Oga Line Funakoshi 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 Funakoshi

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 locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2015 and 11.2 min in 2016; -30.0%)
The table below shows Land dealt in Akita JR Oga Line Funakoshi, 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 Funakoshi

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
JR Oga Line Oiwake (161) [Stations]3,250,00012,500 yrs26 min295 sq.m
JR Oga Line Futada (26) [Stations]3,150,0008,965 yrs13 min285 sq.m
JR Oga Line Oga (37) [Stations]2,000,0008,064 yrs10 min290 sq.m
JR JR Oga Line (482) [Stations]2,100,0005,657 yrs18 min330 sq.m
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