Miyako Land average value

Price 8,610,149 JPY
  (26,866 JPY/sq.m)
- Dist. from Sta. 53.9 min walk
- Property area 373.7 sq.m

The average price of a sq.m Land of Iwate JR Yamada Line Miyako, in 2017 was 24,967 JPY/sq.m. The market value represents a decrease of 1,034 JPY (-4.0%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands ( The market value represents a decrease of 28 (-82.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 241.7 sq.m (a -36.6% decrease compared to the 380.9 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 47.4 min in 2016 and 61.3 min in 2017; +29.3%)
Data regarding the market value and its changes of Land in Miyako were calculated using data on the sales of 301 properties provided by the MLIT Japan.

Miyako Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
黒森町8,000,000 JPY110,192 JPY/sq.mMiyako30 min
中里団地3,100,000 JPY55,392 JPY/sq.mMiyako30 min
佐原1,700,000 JPY32,112 JPY/sq.mMiyako30 min
宮園1,100,000 JPY40,403 JPY/sq.mMiyako30 min
太田3,400,000 JPY38,757 JPY/sq.mMiyako30 min
佐原6,500,000 JPY97,669 JPY/sq.mMiyako30 min
崎鍬ケ崎6,000,000 JPY18,030 JPY/sq.mMiyako30 min
崎鍬ケ崎5,800,000 JPY42,605 JPY/sq.mMiyako30 min
佐原4,000,000 JPY66,116 JPY/sq.mMiyako30 min
佐原5,000,000 JPY94,450 JPY/sq.mMiyako30 min
佐原6,700,000 JPY100,674 JPY/sq.mMiyako30 min
佐原6,000,000 JPY30,050 JPY/sq.mMiyako30 min
山口4,100,000 JPY64,539 JPY/sq.mMiyako30 min
八木沢6,000,000 JPY94,450 JPY/sq.mMiyako30 min
崎鍬ケ崎6,700,000 JPY88,595 JPY/sq.mMiyako30 min
崎鍬ケ崎8,500,000 JPY100,354 JPY/sq.mMiyako30 min
佐原5,300,000 JPY60,413 JPY/sq.mMiyako30 min
佐原10,000,000 JPY64,817 JPY/sq.mMiyako30 min
佐原7,000,000 JPY79,792 JPY/sq.mMiyako30 min
佐原4,700,000 JPY110,979 JPY/sq.mMiyako30 min

JR Yamada Line Railway market report

2017. Jan Jun
 25 tradings
2016. Jan Sep
 240 tradings
2015. Jan Dec
 264 tradings
2014. Jan Dec
 217 tradings
2013. Jan Dec
 515 tradings
--2Q
2
--3Q
65
2Q
110
1Q
65
4Q
52
3Q
72
2Q
62
1Q
78
4Q
50
3Q
59
2Q
43
1Q
65
4Q
160
3Q
153
2Q
114
1Q
88
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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 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 Miyako 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 Iwate JR Yamada Line Miyako 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 Miyako

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 less than ten minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 47.4 min in 2016 and 61.3 min in 2017; +29.3%)
The table below shows Land dealt in Iwate JR Yamada Line Miyako, 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 Miyako

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 JR Yamada Line (2,553) [Stations]6,200,00026,119 yrs30 min240 sq.m
JR Yamada Line Senntoku (136) [Stations]7,200,00023,857 yrs22 min310 sq.m
JR Yamada Line Sokei (40) [Stations]7,350,00031,583 yrs26 min225 sq.m
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