Innbe Land average value

Price 7,764,706 JPY
  (19,014 JPY/sq.m)
- Dist. from Sta. 16.3 min walk
- Property area 409.2 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Innbe, in 2017 was 18,769 JPY/sq.m. The market value represents an increase of 2,948 JPY (+18.6%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1036.7 sq.m (a +97.5% increase compared to the 525.0 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.2 min in 2016 and 11.0 min in 2017; -22.4%)
Data regarding the market value and its changes of Land in Innbe were calculated using data on the sales of 51 properties provided by the MLIT Japan.

Innbe Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
伊部1,300,000 JPY9,547 JPY/sq.mInnbe13 min
伊部6,400,000 JPY39,917 JPY/sq.mInnbe13 min
伊部780,000 JPY24,555 JPY/sq.mInnbe13 min
伊部20,000,000 JPY67,464 JPY/sq.mInnbe13 min
伊部8,500,000 JPY108,073 JPY/sq.mInnbe13 min
伊部47,000,000 JPY- JPY/sq.mInnbe13 min
伊部63,000,000 JPY- JPY/sq.mInnbe14 min
伊部1,900,000 JPY9,967 JPY/sq.mInnbe14 min
伊部14,000,000 JPY46,281 JPY/sq.mInnbe12 min
伊部2,000,000 JPY11,018 JPY/sq.mInnbe12 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
{{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 Innbe 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 Innbe Land that meet the above conditions were calculated in the following manner.

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({{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 Bizen-Shi 伊部Bizen-Shi Innbe 13.0 min walk)
, Area: 260 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   8,500,000 JPY,    Unit price:   32,692 JPY/sq.m
2. Okayama Bizen-Shi 伊部Bizen-Shi Innbe 11.0 min walk)
, Area: 200 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   3,000,000 JPY,    Unit price:   15,000 JPY/sq.m
3. Okayama Bizen-Shi 浦伊部Bizen-Shi Innbe 16.0 min walk)
, Area: 200 sq.m
- Trading date: 2015-09-01T00:00:00Z
Trading price:   3,600,000 JPY,    Unit price:   18,000 JPY/sq.m
4. Okayama Bizen-Shi 伊部Bizen-Shi Innbe 10.0 min walk)
, Area: 230 sq.m
- Trading date: 2016-09-01T00:00:00Z
Trading price:   8,200,000 JPY,    Unit price:   35,652 JPY/sq.m
5. Okayama Bizen-Shi 伊部Bizen-Shi Innbe 16.0 min walk)
, Area: 280 sq.m
- Trading date: 2017-09-01T00:00:00Z
Trading price:   6,800,000 JPY,    Unit price:   24,285 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 slight decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.2 min in 2016 and 11.0 min in 2017; -22.4%)
The table below shows Land dealt in Okayama JR Akō Line Innbe, 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 Innbe

    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 (29) [Stations]7,000,00016,551 yrs16 min250 sq.m
    JR Akō Line Bizennkatakami (19) [Stations]6,400,00014,814 yrs10 min360 sq.m
    JR JR Akō Line (1,547) [Stations]7,400,00023,891 yrs20 min280 sq.m
    JR Akō Line Sougo (25) [Stations]4,000,00012,045 yrs13 min280 sq.m
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