Oiwake Land average value

Price 5,066,389 JPY
  (11,812 JPY/sq.m)
- Dist. from Sta. 20.1 min walk
- Property area 580.7 sq.m

The average price of a sq.m Land of Akita JR Oga Line Oiwake, in 2017 was 14,325 JPY/sq.m. The market value represents an increase of 4,852 JPY (+51.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 9 (-64.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 249.0 sq.m (a -59.6% decrease compared to the 616.1 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 18.7 min in 2016 and 9.4 min in 2017; -49.8%)
Data regarding the market value and its changes of Land in Oiwake were calculated using data on the sales of 168 properties provided by the MLIT Japan.

Oiwake Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
天王7,000,000 JPY110,192 JPY/sq.mOiwake18 min
天王6,600,000 JPY99,174 JPY/sq.mOiwake18 min
天王7,800,000 JPY99,174 JPY/sq.mOiwake18 min
下新城中野5,900,000 JPY54,175 JPY/sq.mOiwake16 min
下新城中野3,500,000 JPY50,304 JPY/sq.mOiwake16 min
下新城中野4,700,000 JPY57,544 JPY/sq.mOiwake16 min
天王12,000,000 JPY107,213 JPY/sq.mOiwake16 min
下新城中野3,800,000 JPY54,615 JPY/sq.mOiwake16 min
天王6,800,000 JPY64,225 JPY/sq.mOiwake16 min
天王14,000,000 JPY102,846 JPY/sq.mOiwake18 min
天王2,300,000 JPY40,017 JPY/sq.mOiwake16 min
天王6,000,000 JPY107,213 JPY/sq.mOiwake16 min
天王5,500,000 JPY36,364 JPY/sq.mOiwake16 min
天王9,100,000 JPY103,732 JPY/sq.mOiwake16 min
天王10,000,000 JPY94,450 JPY/sq.mOiwake18 min
天王4,800,000 JPY85,769 JPY/sq.mOiwake18 min
天王7,000,000 JPY53,815 JPY/sq.mOiwake18 min
天王4,100,000 JPY69,504 JPY/sq.mOiwake18 min
天王5,500,000 JPY32,466 JPY/sq.mOiwake16 min
天王5,500,000 JPY79,051 JPY/sq.mOiwake16 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:
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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.

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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

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 18.0 min walk)
, Area: 260 sq.m
- Trading date: 2007-12-01T00:00:00Z
Trading price:   7,800,000 JPY,    Unit price:   30,000 JPY/sq.m
2. Akita Akita-Shi 下新城中野Akita-Shi Oiwake 16.0 min walk)
, Area: 270 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   4,700,000 JPY,    Unit price:   17,407 JPY/sq.m
3. Akita Katagami-Shi 天王Katagami-Shi Oiwake 16.0 min walk)
, Area: 290 sq.m
- Trading date: 2010-12-01T00:00:00Z
Trading price:   9,100,000 JPY,    Unit price:   31,379 JPY/sq.m
4. Akita Katagami-Shi 天王Katagami-Shi Oiwake 16.0 min walk)
, Area: 250 sq.m
- Trading date: 2018-03-01T00:00:00Z
Trading price:   3,400,000 JPY,    Unit price:   13,600 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 18.7 min in 2016 and 9.4 min in 2017; -49.8%)
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 (27) [Stations]3,100,0008,926 yrs13 min280 sq.m
    JR Oga Line Funakoshi (81) [Stations]4,000,00015,000 yrs15 min310 sq.m
    JR Oga Line Oga (37) [Stations]2,000,0008,064 yrs10 min290 sq.m
    JR JR Oga Line (496) [Stations]2,100,0006,363 yrs18 min320 sq.m
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