Oiwake Land average value

Price 4,894,167 JPY
  (11,268 JPY/sq.m)
- Dist. from Sta. 21.3 min walk
- Property area 625.7 sq.m

The average price of a sq.m Land of Akita JR Oga Line Oiwake, in 2017 was 16,819 JPY/sq.m. The market value represents an increase of 9,193 JPY (+120.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 282.5 sq.m (a -63.0% decrease compared to the 762.5 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 19.3 min in 2016 and 7.8 min in 2017; -59.8%)
Data regarding the market value and its changes of Land in Oiwake were calculated using data on the sales of 165 properties provided by the MLIT Japan.

Oiwake Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
下新城中野2,200,000 JPY181,818 JPY/sq.mOiwake23 min
天王3,300,000 JPY58,965 JPY/sq.mOiwake24 min
天王2,100,000 JPY33,058 JPY/sq.mOiwake24 min
金足鳰崎2,700,000 JPY66,116 JPY/sq.mOiwake21 min
下新城中野8,200,000 JPY150,595 JPY/sq.mOiwake21 min
天王5,500,000 JPY55,094 JPY/sq.mOiwake21 min
天王4,500,000 JPY74,380 JPY/sq.mOiwake25 min
天王4,100,000 JPY71,332 JPY/sq.mOiwake25 min
天王2,000,000 JPY- JPY/sq.mOiwake25 min
天王3,700,000 JPY69,891 JPY/sq.mOiwake25 min
天王13,000,000 JPY- JPY/sq.mOiwake25 min
天王4,400,000 JPY58,182 JPY/sq.mOiwake25 min
下新城中野3,600,000 JPY170,010 JPY/sq.mOiwake21 min
天王3,000,000 JPY50,856 JPY/sq.mOiwake25 min
天王2,900,000 JPY49,160 JPY/sq.mOiwake25 min

JR Oga Line Railway market report

2018 2017 2016. Jan - Sep
 28 tradings
2015. Jan - Dec
 21 tradings
2014. Jan - Dec
 26 tradings
-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:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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- 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 Oiwake 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 Oiwake 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

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 Oiwake 25.0 min walk)
, Area: 250 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   4,400,000 JPY,    Unit price:   17,600 JPY/sq.m
2. Akita Katagami-Shi 天王Katagami-Shi Oiwake 20.0 min walk)
, Area: 230 sq.m
- Trading date: 2008-09-01T00:00:00Z
Trading price:   6,200,000 JPY,    Unit price:   26,956 JPY/sq.m
3. Akita Katagami-Shi 天王Katagami-Shi Oiwake 20.0 min walk)
, Area: 310 sq.m
- Trading date: 2010-03-01T00:00:00Z
Trading price:   1,000,000 JPY,    Unit price:   3,225 JPY/sq.m
4. Akita Akita-Shi 下新城中野Akita-Shi Oiwake 20.0 min walk)
, Area: 220 sq.m
- Trading date: 2011-03-01T00:00:00Z
Trading price:   3,400,000 JPY,    Unit price:   15,454 JPY/sq.m
5. Akita Katagami-Shi 天王Katagami-Shi Oiwake 20.0 min walk)
, Area: 300 sq.m
- Trading date: 2012-06-01T00:00:00Z
Trading price:   2,700,000 JPY,    Unit price:   9,000 JPY/sq.m
6. Akita Katagami-Shi 天王Katagami-Shi Oiwake 26.0 min walk)
, Area: 230 sq.m
- Trading date: 2007-09-01T00:00:00Z
Trading price:   4,800,000 JPY,    Unit price:   20,869 JPY/sq.m
7. Akita Katagami-Shi 天王Katagami-Shi Oiwake 26.0 min walk)
, Area: 250 sq.m
- Trading date: 2016-06-01T00:00:00Z
Trading price:   4,100,000 JPY,    Unit price:   16,400 JPY/sq.m
8. Akita Katagami-Shi 天王Katagami-Shi Oiwake 20.0 min walk)
, Area: 240 sq.m
- Trading date: 2016-12-01T00:00:00Z
Trading price:   3,000,000 JPY,    Unit price:   12,500 JPY/sq.m
9. Akita Katagami-Shi 天王Katagami-Shi Oiwake 19.0 min walk)
, Area: 260 sq.m
- Trading date: 2010-03-01T00:00:00Z
Trading price:   2,300,000 JPY,    Unit price:   8,846 JPY/sq.m
10. Akita Akita-Shi 下新城中野Akita-Shi Oiwake 19.0 min walk)
, Area: 240 sq.m
- Trading date: 2010-12-01T00:00:00Z
Trading price:   3,600,000 JPY,    Unit price:   15,000 JPY/sq.m
11. Akita Akita-Shi 下新城中野Akita-Shi Oiwake 19.0 min walk)
, Area: 320 sq.m
- Trading date: 2011-12-01T00:00:00Z
Trading price:   5,400,000 JPY,    Unit price:   16,875 JPY/sq.m
12. Akita Akita-Shi 下新城中野Akita-Shi Oiwake 19.0 min walk)
, Area: 230 sq.m
- Trading date: 2016-12-01T00:00:00Z
Trading price:   3,000,000 JPY,    Unit price:   13,043 JPY/sq.m
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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:   Touch:

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 19.3 min in 2016 and 7.8 min in 2017; -59.8%)
The table below shows Land dealt in Akita JR Oga Line Oiwake, 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 Oiwake

    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 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 Oga Line Funakoshi (81) [Stations]4,000,00015,000 yrs15 min310 sq.m
    JR JR Oga Line (490) [Stations]2,000,0005,657 yrs18 min320 sq.m
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