Sokei Land average value

Price 8,595,000 JPY
  (30,476 JPY/sq.m)
- Dist. from Sta. 22.4 min walk
- Property area 362.1 sq.m

The average price of a sq.m Land of Iwate JR Yamada Line Sokei, in 2014 was 35,093 JPY/sq.m. The market value represents an increase of 3,387 JPY (+10.7%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 8 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 386.2 sq.m (a +20.9% increase compared to the 319.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase 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 25.2 min in 2013 and 28.2 min in 2014; +11.9%)
Data regarding the market value and its changes of Land in Sokei were calculated using data on the sales of 40 properties provided by the MLIT Japan.

Sokei Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
八木沢8,300,000 JPY109,752 JPY/sq.mSokei26 min
八木沢8,400,000 JPY111,074 JPY/sq.mSokei26 min
八木沢6,300,000 JPY104,132 JPY/sq.mSokei27 min
八木沢6,600,000 JPY80,807 JPY/sq.mSokei28 min
八木沢4,700,000 JPY86,317 JPY/sq.mSokei28 min
藤の川6,000,000 JPY86,235 JPY/sq.mSokei24 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 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




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Calculate Sokei 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 Sokei 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 Sokei

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 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 25.2 min in 2013 and 28.2 min in 2014; +11.9%)
The table below shows Land dealt in Iwate JR Yamada Line Sokei, 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 Sokei

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 Yamagishi (17) [Stations]6,000,00034,042 yrs21 min220 sq.m
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 Miyako (301) [Stations]5,350,00023,599 yrs30 min240 sq.m
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