Hinase Land average value

Price 8,455,882 JPY
  (26,495 JPY/sq.m)
- Dist. from Sta. 22.4 min walk
- Property area 291.9 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Hinase, in 2017 was 5,807 JPY/sq.m. The market value represents an increase of 470 JPY (+8.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 267.5 sq.m (a -47.8% decrease compared to the 512.5 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

  • A dramatic increase in average distance from the station (representing 19.5 min in 2016 and 60.0 min in 2017; +207.7%)
Data regarding the market value and its changes of Land in Hinase were calculated using data on the sales of 51 properties provided by the MLIT Japan.

Hinase Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
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20,000,000 JPY213,276 JPY/sq.mHinase15 min
日生町寒河1,800,000 JPY6,539 JPY/sq.mHinase15 min
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9,000,000 JPY67,617 JPY/sq.mHinase16 min
日生町日生240,000 JPY9,917 JPY/sq.mHinase16 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1,800,000 JPY59,504 JPY/sq.mHinase16 min

JR Akō Line Railway market report

2017. Jan Jun
 24 tradings
2016. Jan Sep
 93 tradings
2015. Jan Dec
 93 tradings
2014. Jan Dec
 113 tradings
2013. Jan Dec
 191 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
4Q
31
3Q
61
2Q
50
1Q
49
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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 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 in Hinase

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

  • A dramatic increase in average distance from the station (representing 19.5 min in 2016 and 60.0 min in 2017; +207.7%)
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 Saidaiji (313) [Stations]6,850,00029,420 yrs24 min235 sq.m
JR JR Akō Line (1,472) [Stations]6,600,00022,069 yrs21 min280 sq.m
JR Akō Line Oodomi (28) [Stations]7,000,00018,881 yrs16 min245 sq.m
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