Higashiokayama Land average value

Price 15,860,649 JPY
  (36,475 JPY/sq.m)
- Dist. from Sta. 19.6 min walk
- Property area 475.5 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Higashiokayama, in 2017 was 30,714 JPY/sq.m. The market value represents a decrease of 3,746 JPY (-10.9%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 17 (-70.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 997.1 sq.m (a +85.1% increase compared to the 538.8 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.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.1 min in 2016 and 19.1 min in 2017; -20.5%)
Data regarding the market value and its changes of Land in Higashiokayama were calculated using data on the sales of 290 properties provided by the MLIT Japan.

Higashiokayama Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
四御神11,000,000 JPY207,792 JPY/sq.mHigashiokayama18 min
乙多見11,000,000 JPY196,559 JPY/sq.mHigashiokayama18 min
乙多見36,000,000 JPY167,617 JPY/sq.mHigashiokayama18 min
14,000,000 JPY192,836 JPY/sq.mHigashiokayama18 min
乙多見7,200,000 JPY158,678 JPY/sq.mHigashiokayama18 min
8,600,000 JPY83,617 JPY/sq.mHigashiokayama18 min
四御神9,900,000 JPY192,512 JPY/sq.mHigashiokayama18 min
四御神11,000,000 JPY207,792 JPY/sq.mHigashiokayama18 min
土田8,700,000 JPY155,461 JPY/sq.mHigashiokayama18 min
土田7,900,000 JPY149,230 JPY/sq.mHigashiokayama18 min
雄町24,000,000 JPY214,426 JPY/sq.mHigashiokayama18 min
四御神11,000,000 JPY202,020 JPY/sq.mHigashiokayama18 min
四御神9,500,000 JPY169,755 JPY/sq.mHigashiokayama18 min
四御神12,000,000 JPY214,426 JPY/sq.mHigashiokayama18 min
四御神11,000,000 JPY196,559 JPY/sq.mHigashiokayama18 min
四御神9,900,000 JPY192,512 JPY/sq.mHigashiokayama18 min
四御神9,900,000 JPY192,512 JPY/sq.mHigashiokayama18 min
四御神10,000,000 JPY194,456 JPY/sq.mHigashiokayama18 min
土田3,500,000 JPY66,116 JPY/sq.mHigashiokayama18 min
四御神8,300,000 JPY130,655 JPY/sq.mHigashiokayama18 min

JR Akō Line Railway market report

2018 2017. Jan - Jun
 24 tradings
2016. Jan - Sep
 93 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 113 tradings
--2Q
8
--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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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 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.

Related sales({{similarlist.length}})

1. 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
2. Okayama Okayama-Shi Naka-Ku 四御神Okayama-Shi Higashiokayama 18.0 min walk)
, Area: 210 sq.m
- Trading date: 2011-09-01T00:00:00Z
Trading price:   8,300,000 JPY,    Unit price:   39,523 JPY/sq.m
3. Okayama Okayama-Shi Naka-Ku 国府市場Okayama-Shi Higashiokayama 18.0 min walk)
, Area: 210 sq.m
- Trading date: 2013-03-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   47,619 JPY/sq.m
4. Okayama Okayama-Shi Naka-Ku 国府市場Okayama-Shi Higashiokayama 18.0 min walk)
, Area: 210 sq.m
- Trading date: 2014-03-01T00:00:00Z
Trading price:   11,000,000 JPY,    Unit price:   52,380 JPY/sq.m
5. Okayama Okayama-Shi Naka-Ku 四御神Okayama-Shi Higashiokayama 17.0 min walk)
, Area: 210 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   61,904 JPY/sq.m
6. 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
7. Okayama Okayama-Shi Naka-Ku 四御神Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 220 sq.m
- Trading date: 2015-12-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   45,454 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.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.1 min in 2016 and 19.1 min in 2017; -20.5%)
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 (315) [Stations]6,250,00030,270 yrs24 min255 sq.m
    JR Akō Line Oodara (199) [Stations]11,000,00044,864 yrs21 min270 sq.m
    JR JR Akō Line (1,488) [Stations]6,850,00023,858 yrs20 min270 sq.m
    JR Akō Line Innbe (48) [Stations]5,750,00020,408 yrs13 min265 sq.m
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