Bizennkatakami Land average value

Price 8,916,842 JPY
  (16,598 JPY/sq.m)
- Dist. from Sta. 15.8 min walk
- Property area 527.4 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Bizennkatakami, in 2014 was 12,417 JPY/sq.m. The market value represents an increase of 2,140 JPY (+20.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 360.0 sq.m (a -50.0% decrease compared to the 720.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving very large size more than 200 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2013 and 6.0 min in 2014; -68.4%)
Data regarding the market value and its changes of Land in Bizennkatakami were calculated using data on the sales of 19 properties provided by the MLIT Japan.

Bizennkatakami Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
東片上5,300,000 JPY35,041 JPY/sq.mBizennkatakami10 min
東片上1,700,000 JPY9,524 JPY/sq.mBizennkatakami10 min
東片上8,400,000 JPY61,706 JPY/sq.mBizennkatakami8 min
東片上9,600,000 JPY88,152 JPY/sq.mBizennkatakami8 min
東片上36,000,000 JPY70,003 JPY/sq.mBizennkatakami12 min
東片上6,400,000 JPY70,522 JPY/sq.mBizennkatakami12 min
東片上4,000,000 JPY48,972 JPY/sq.mBizennkatakami8 min

JR Akō Line Railway market report

2017. Jan - Dec
 82 tradings
2016. Jan - Dec
 130 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 113 tradings
4Q
42
3Q
16
2Q
8
1Q
16
4Q
37
3Q
34
2Q
39
1Q
20
4Q
27
3Q
29
2Q
15
1Q
22
4Q
33
3Q
27
2Q
21
1Q
32
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

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:


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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 Bizennkatakami 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 Okayama JR Akō Line Bizennkatakami 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.

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1. Okayama Bizen-Shi 東片上Bizen-Shi Bizennkatakami 8.0 min walk)
, Area: 450 sq.m
- Trading date: 2010-09-01T00:00:00Z

Trading price:   8,400,000 JPY,    Unit price:   18,666 JPY/sq.m

2. Okayama Bizen-Shi 東片上Bizen-Shi Bizennkatakami 8.0 min walk)
, Area: 360 sq.m
- Trading date: 2010-09-01T00:00:00Z

Trading price:   9,600,000 JPY,    Unit price:   26,666 JPY/sq.m

3. Okayama Bizen-Shi 東片上Bizen-Shi Bizennkatakami 12.0 min walk)
, Area: 300 sq.m
- Trading date: 2012-09-01T00:00:00Z

Trading price:   6,400,000 JPY,    Unit price:   21,333 JPY/sq.m

4. Okayama Bizen-Shi 東片上Bizen-Shi Bizennkatakami 8.0 min walk)
, Area: 270 sq.m
- Trading date: 2014-06-01T00:00:00Z

Trading price:   4,000,000 JPY,    Unit price:   14,814 JPY/sq.m

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- 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:


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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 slight decrease in transactions involving very large size more than 200 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2013 and 6.0 min in 2014; -68.4%)
The table below shows Land dealt in Okayama JR Akō Line Bizennkatakami, 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 Bizennkatakami

    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 Akō Line Oodomi (29) [Stations]7,000,00016,551 yrs16 min250 sq.m
    JR Akō Line Osafune (133) [Stations]4,600,00015,000 yrs23 min330 sq.m
    JR Akō Line Innbe (51) [Stations]6,000,00020,000 yrs13 min270 sq.m
    JR Akō Line Sougo (27) [Stations]4,700,00020,312 yrs14 min280 sq.m
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