Iwatefunakoshi Land average value

Price 3,882,353 JPY
  (13,153 JPY/sq.m)
- Dist. from Sta. 20.5 min walk
- Property area 308.7 sq.m

The average price of a sq.m Land of Iwate JR Yamada Line Iwatefunakoshi, in 2016 was 14,133 JPY/sq.m. The market value represents an increase of 4,616 JPY (+48.5%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents an increase of 19 (+316.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 307.2 sq.m (a +5.3% increase compared to the 291.7 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.3 min in 2015 and 13.3 min in 2016; -74.1%)
Data regarding the market value and its changes of Land in Iwatefunakoshi were calculated using data on the sales of 50 properties provided by the MLIT Japan.

Iwatefunakoshi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
船越6,300,000 JPY94,664 JPY/sq.mIwatefunakoshi15 min
船越6,700,000 JPY100,674 JPY/sq.mIwatefunakoshi14 min
船越6,000,000 JPY99,174 JPY/sq.mIwatefunakoshi14 min
船越3,500,000 JPY19,283 JPY/sq.mIwatefunakoshi14 min
船越1,800,000 JPY36,063 JPY/sq.mIwatefunakoshi17 min

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:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

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 Iwatefunakoshi 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 Iwatefunakoshi 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.

1. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 15.0 min walk)
, Area: 220 sq.m
- Trading date: 2011-12-01T00:00:00Z

Trading price:   6,300,000 JPY,    Unit price:   28,636 JPY/sq.m

2. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 14.0 min walk)
, Area: 220 sq.m
- Trading date: 2011-06-01T00:00:00Z

Trading price:   6,700,000 JPY,    Unit price:   30,454 JPY/sq.m

3. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 13.0 min walk)
, Area: 380 sq.m
- Trading date: 2016-06-01T00:00:00Z

Trading price:   2,000,000 JPY,    Unit price:   5,263 JPY/sq.m

4. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 18.0 min walk)
, Area: 330 sq.m
- Trading date: 2016-09-01T00:00:00Z

Trading price:   3,900,000 JPY,    Unit price:   11,818 JPY/sq.m

5. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 19.0 min walk)
, Area: 330 sq.m
- Trading date: 2016-12-01T00:00:00Z

Trading price:   3,900,000 JPY,    Unit price:   11,818 JPY/sq.m

6. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 11.0 min walk)
, Area: 290 sq.m
- Trading date: 2011-09-01T00:00:00Z

Trading price:   3,500,000 JPY,    Unit price:   12,068 JPY/sq.m

7. Iwate Shimohei-Gun Yamada-Machi 船越Shimohei-Gun Iwatefunakoshi 20.0 min walk)
, Area: 230 sq.m
- Trading date: 2016-09-01T00:00:00Z

Trading price:   2,900,000 JPY,    Unit price:   12,608 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:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.3 min in 2015 and 13.3 min in 2016; -74.1%)
The table below shows Land dealt in Iwate JR Yamada Line Iwatefunakoshi, 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 Iwatefunakoshi

    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 Yamada Line Unosumai (47) [Stations]4,000,00012,500 yrs20 min320 sq.m
    JR Yamada Line Tsugaruishi (55) [Stations]4,000,00012,121 yrs24 min310 sq.m
    JR Yamada Line Hikime (4) [Stations]3,500,00010,434 yrs14 min280 sq.m
    JR Yamada Line Ootsuchi (45) [Stations]5,300,00018,260 yrs21 min310 sq.m
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