Hinase Land average value

Price 10,085,593 JPY
  (28,347 JPY/sq.m)
- Dist. from Sta. 21.2 min walk
- Property area 319.7 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Hinase, in 2017 was 27,092 JPY/sq.m. The market value represents an increase of 22,457 JPY (+484.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 577.9 sq.m (a +57.2% increase compared to the 367.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Causes of price decreases

  • An increase in average distance from the station (representing 24.2 min in 2016 and 27.4 min in 2017; +13.1%)
Data regarding the market value and its changes of Land in Hinase were calculated using data on the sales of 59 properties provided by the MLIT Japan.

Hinase Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
日生町日生7,000,000 JPY140,245 JPY/sq.mHinase14 min
日生町日生35,000,000 JPY210,367 JPY/sq.mHinase14 min
日生町寒河2,000,000 JPY31,481 JPY/sq.mHinase14 min
日生町日生2,500,000 JPY63,570 JPY/sq.mHinase14 min
日生町日生9,000,000 JPY72,565 JPY/sq.mHinase14 min
日生町日生12,000,000 JPY146,922 JPY/sq.mHinase14 min
日生町日生8,500,000 JPY165,289 JPY/sq.mHinase14 min
日生町日生4,000,000 JPY165,289 JPY/sq.mHinase14 min
日生町寒河5,500,000 JPY64,932 JPY/sq.mHinase15 min
日生町日生200,000 JPY6,010 JPY/sq.mHinase15 min
日生町日生15,000,000 JPY66,116 JPY/sq.mHinase13 min
日生町日生20,000,000 JPY213,276 JPY/sq.mHinase15 min
日生町日生3,000,000 JPY90,155 JPY/sq.mHinase13 min
日生町寒河1,800,000 JPY6,539 JPY/sq.mHinase15 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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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 Hinase 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 Hinase 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 Bizen-Shi 日生町日生Bizen-Shi Hinase 14.0 min walk)
, Area: 165 sq.m
- Trading date: 2007-12-01T00:00:00Z
Trading price:   7,000,000 JPY,    Unit price:   42,424 JPY/sq.m
2. Okayama Bizen-Shi 日生町寒河Bizen-Shi Hinase 14.0 min walk)
, Area: 210 sq.m
- Trading date: 2008-06-01T00:00:00Z
Trading price:   2,000,000 JPY,    Unit price:   9,523 JPY/sq.m
3. Okayama Bizen-Shi 日生町日生Bizen-Shi Hinase 14.0 min walk)
, Area: 170 sq.m
- Trading date: 2018-03-01T00:00:00Z
Trading price:   8,500,000 JPY,    Unit price:   50,000 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 locations relatively far from the station less than twenty minutes by foot from the station.

Causes of price decreases

  • An increase in average distance from the station (representing 24.2 min in 2016 and 27.4 min in 2017; +13.1%)
The table below shows Land dealt in Okayama JR Akō Line Hinase, 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 Hinase

    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 Oku (267) [Stations]7,950,00029,090 yrs18 min225 sq.m
    JR Akō Line Saidaiji (327) [Stations]6,500,00030,270 yrs23 min240 sq.m
    JR JR Akō Line (1,547) [Stations]7,400,00023,891 yrs20 min280 sq.m
    JR Akō Line Higashiokayama (297) [Stations]9,050,00036,666 yrs19 min255 sq.m
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