Futada Land average value

Price 5,764,148 JPY
  (10,452 JPY/sq.m)
- Dist. from Sta. 14.1 min walk
- Property area 518.0 sq.m

The average price of a sq.m Land of Akita JR Oga Line Futada, in 2016 was 2,694 JPY/sq.m. The market value represents a decrease of 639 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a -46.7% decrease compared to the 450.0 sq.m of last year.).

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

Causes of price decreases

  • An increase in average distance from the station (representing 20.0 min in 2015 and 23.0 min in 2016; +15.0%)
Data regarding the market value and its changes of Land in Futada were calculated using data on the sales of 27 properties provided by the MLIT Japan.

Futada Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
天王20,000,000 JPY- JPY/sq.mFutada13 min
天王16,000,000 JPY72,453 JPY/sq.mFutada13 min
天王2,600,000 JPY29,636 JPY/sq.mFutada14 min
天王1,200,000 JPY29,382 JPY/sq.mFutada14 min

JR Oga Line Railway market report

2017. Jan - Dec
 10 tradings
2016. Jan - Dec
 39 tradings
2015. Jan - Dec
 21 tradings
2014. Jan - Dec
 26 tradings
4Q
1
3Q
8
-1Q
1
4Q
11
3Q
12
-1Q
3
4Q
1
3Q
10
-1Q
10
4Q
1
3Q
15
2Q
1
1Q
9

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.)
Color:
Unit:   Touch:
Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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




Top

Calculate Futada 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 Futada 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.

Top

Trading Data

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

Related sales({{similarlist.length}})

1. Akita Katagami-Shi 天王Katagami-Shi Futada 14.0 min walk)
, Area: 290 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   2,600,000 JPY,    Unit price:   8,965 JPY/sq.m
2. Akita Katagami-Shi 天王Katagami-Shi Futada 8.0 min walk)
, Area: 195 sq.m
- Trading date: 2007-12-01T00:00:00Z
Trading price:   3,100,000 JPY,    Unit price:   15,897 JPY/sq.m
3. Akita Katagami-Shi 天王Katagami-Shi Futada 8.0 min walk)
, Area: 250 sq.m
- Trading date: 2010-06-01T00:00:00Z
Trading price:   3,500,000 JPY,    Unit price:   14,000 JPY/sq.m
4. Akita Katagami-Shi 天王Katagami-Shi Futada 8.0 min walk)
, Area: 185 sq.m
- Trading date: 2010-09-01T00:00:00Z
Trading price:   3,200,000 JPY,    Unit price:   17,297 JPY/sq.m
5. Akita Katagami-Shi 天王Katagami-Shi Futada 18.0 min walk)
, Area: 200 sq.m
- Trading date: 2011-03-01T00:00:00Z
Trading price:   600,000 JPY,    Unit price:   3,000 JPY/sq.m
6. Akita Katagami-Shi 天王Katagami-Shi Futada 8.0 min walk)
, Area: 260 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   6,000,000 JPY,    Unit price:   23,076 JPY/sq.m
7. Akita Katagami-Shi 天王Katagami-Shi Futada 18.0 min walk)
, Area: 200 sq.m
- Trading date: 2016-09-01T00:00:00Z
Trading price:   1,300,000 JPY,    Unit price:   6,500 JPY/sq.m
{{$index+1}}. {{item.place}}{{item.stations[0]}} {{item.station_distance}} min walk)
{{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
Top

Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:

Breakdown of each segment

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

Causes of price decreases

  • An increase in average distance from the station (representing 20.0 min in 2015 and 23.0 min in 2016; +15.0%)
The table below shows Land dealt in Akita JR Oga Line Futada, 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:

    Top

    Area close to the price in Futada

    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 Oga (37) [Stations]2,000,0008,064 yrs10 min290 sq.m
    JR Oga Line Oiwake (168) [Stations]3,500,00013,321 yrs17 min270 sq.m
    JR JR Oga Line (496) [Stations]2,100,0006,363 yrs18 min320 sq.m
    JR Oga Line Funakoshi (81) [Stations]4,000,00015,000 yrs15 min310 sq.m
    Top