Higashiokayama Land average value

Price 17,053,684 JPY
  (35,509 JPY/sq.m)
- Dist. from Sta. 20.3 min walk
- Property area 508.6 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Higashiokayama, in 2017 was 31,639 JPY/sq.m. The market value represents a decrease of 4,083 JPY (-11.4%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents a decrease of 22 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1030.5 sq.m (a +103.0% increase compared to the 507.6 sq.m of last year.).

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

Data regarding the market value and its changes of Land in Higashiokayama were calculated using data on the sales of 297 properties provided by the MLIT Japan.

Higashiokayama Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
四御神8,200,000 JPY169,421 JPY/sq.mHigashiokayama19 min
土田6,500,000 JPY79,583 JPY/sq.mHigashiokayama19 min
四御神10,000,000 JPY200,350 JPY/sq.mHigashiokayama19 min
四御神10,000,000 JPY194,456 JPY/sq.mHigashiokayama19 min
四御神10,000,000 JPY200,350 JPY/sq.mHigashiokayama19 min
乙多見12,000,000 JPY158,678 JPY/sq.mHigashiokayama19 min
神下10,000,000 JPY30,050 JPY/sq.mHigashiokayama19 min
神下6,100,000 JPY106,132 JPY/sq.mHigashiokayama19 min
四御神14,000,000 JPY165,289 JPY/sq.mHigashiokayama19 min
神下6,100,000 JPY106,132 JPY/sq.mHigashiokayama19 min
神下6,700,000 JPY116,572 JPY/sq.mHigashiokayama19 min
神下6,600,000 JPY124,674 JPY/sq.mHigashiokayama19 min
米田10,000,000 JPY183,653 JPY/sq.mHigashiokayama19 min
米田9,600,000 JPY181,345 JPY/sq.mHigashiokayama19 min
四御神10,000,000 JPY150,261 JPY/sq.mHigashiokayama19 min
乙多見8,800,000 JPY161,613 JPY/sq.mHigashiokayama19 min
乙多見9,200,000 JPY173,788 JPY/sq.mHigashiokayama19 min
土田10,000,000 JPY47,907 JPY/sq.mHigashiokayama19 min
米田16,000,000 JPY94,450 JPY/sq.mHigashiokayama19 min
米田22,000,000 JPY121,210 JPY/sq.mHigashiokayama19 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

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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{{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 Higashiokayama 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 Higashiokayama 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.

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1. Okayama Okayama-Shi Naka-Ku 土田Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 270 sq.m
- Trading date: 2010-06-01T00:00:00Z
Trading price:   6,500,000 JPY,    Unit price:   24,074 JPY/sq.m
2. Okayama Okayama-Shi Naka-Ku 乙多見Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 250 sq.m
- Trading date: 2011-12-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   48,000 JPY/sq.m
3. Okayama Okayama-Shi Naka-Ku 四御神Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 280 sq.m
- Trading date: 2012-03-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   50,000 JPY/sq.m
4. Okayama Okayama-Shi Naka-Ku 下Okayama-Shi Higashiokayama 18.0 min walk)
, Area: 240 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   58,333 JPY/sq.m
5. Okayama Okayama-Shi Naka-Ku 神下Okayama-Shi Higashiokayama 18.0 min walk)
, Area: 260 sq.m
- Trading date: 2015-12-01T00:00:00Z
Trading price:   7,400,000 JPY,    Unit price:   28,461 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 very large size more than 200 sq.m.

The table below shows Land dealt in Okayama JR Akō Line Higashiokayama, 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 Higashiokayama

    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 Saidaiji (327) [Stations]6,500,00030,270 yrs23 min240 sq.m
    JR Akō Line Oku (267) [Stations]7,950,00029,090 yrs18 min225 sq.m
    JR Akō Line Oodara (202) [Stations]10,000,00044,444 yrs21 min270 sq.m
    JR JR Akō Line (1,547) [Stations]7,400,00023,891 yrs20 min280 sq.m
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