IRi Land average value

Price 8,146,767 JPY
  (19,515 JPY/sq.m)
- Dist. from Sta. 37.2 min walk
- Property area 605.1 sq.m

The average price of a sq.m Land of Okayama JR Akō Line IRi, in 2017 was 3,809 JPY/sq.m. The market value represents a decrease of 33,691 JPY (-89.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -80.6% decrease compared to the 1080.0 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 58.0 min in 2016 and 30.0 min in 2017; -48.3%)
Data regarding the market value and its changes of Land in IRi were calculated using data on the sales of 43 properties provided by the MLIT Japan.

IRi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
穂浪23,000,000 JPY79,200 JPY/sq.mIRi28 min
木谷13,000,000 JPY23,874 JPY/sq.mIRi29 min
穂浪28,000,000 JPY54,446 JPY/sq.mIRi29 min
穂浪6,000,000 JPY120,208 JPY/sq.mIRi30 min
穂浪2,000,000 JPY22,797 JPY/sq.mIRi30 min
友延140,000 JPY2,102 JPY/sq.mIRi26 min
八木山1,000,000 JPY4,238 JPY/sq.mIRi30 min
穂浪19,000,000 JPY165,289 JPY/sq.mIRi30 min
麻宇那13,000,000 JPY26,860 JPY/sq.mIRi30 min
穂浪1,400,000 JPY42,073 JPY/sq.mIRi30 min
麻宇那6,700,000 JPY28,393 JPY/sq.mIRi30 min
蕃山100,000 JPY826 JPY/sq.mIRi30 min
木谷17,000,000 JPY43,226 JPY/sq.mIRi30 min
木谷8,500,000 JPY43,904 JPY/sq.mIRi30 min
穂浪40,000,000 JPY136,321 JPY/sq.mIRi30 min
穂浪6,000,000 JPY123,967 JPY/sq.mIRi26 min
麻宇那3,100,000 JPY29,279 JPY/sq.mIRi26 min
穂浪800,000 JPY12,592 JPY/sq.mIRi30 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 IRi 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 IRi 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 IRi

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 very large size more than 200 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 58.0 min in 2016 and 30.0 min in 2017; -48.3%)
The table below shows Land dealt in Okayama JR Akō Line IRi, 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 IRi

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 (28) [Stations]7,000,00018,881 yrs16 min245 sq.m
JR JR Akō Line (1,472) [Stations]6,600,00022,069 yrs21 min280 sq.m
JR Akō Line Osafune (120) [Stations]4,500,00014,673 yrs24 min330 sq.m
JR Akō Line Nishikatakami (24) [Stations]3,550,00012,168 yrs45 min250 sq.m
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