Kagato Land average value

Price 4,804,098 JPY
  (10,557 JPY/sq.m)
- Dist. from Sta. 15.0 min walk
- Property area 576.7 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Kagato, in 2016 was 14,898 JPY/sq.m. The market value represents an increase of 2,612 JPY (+21.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 275.8 sq.m (a -63.8% decrease compared to the 762.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving very large size more than 200 sq.m.

Data regarding the market value and its changes of Land in Kagato were calculated using data on the sales of 61 properties provided by the MLIT Japan.

Kagato Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
香登本3,000,000 JPY9,015 JPY/sq.mKagato14 min
畠田12,000,000 JPY36,063 JPY/sq.mKagato14 min
畠田9,300,000 JPY36,169 JPY/sq.mKagato14 min
畠田7,400,000 JPY35,974 JPY/sq.mKagato14 min
畠田13,000,000 JPY35,812 JPY/sq.mKagato14 min
畠田3,500,000 JPY36,155 JPY/sq.mKagato14 min
畠田8,700,000 JPY36,403 JPY/sq.mKagato14 min
畠田13,000,000 JPY39,068 JPY/sq.mKagato14 min
畠田7,400,000 JPY35,974 JPY/sq.mKagato14 min
畠田490,000 JPY7,712 JPY/sq.mKagato14 min
香登本690,000 JPY35,091 JPY/sq.mKagato13 min
長船町長船200,000 JPY10,169 JPY/sq.mKagato13 min
畠田12,000,000 JPY36,063 JPY/sq.mKagato15 min
畠田8,200,000 JPY36,142 JPY/sq.mKagato15 min
畠田12,000,000 JPY36,063 JPY/sq.mKagato13 min
畠田4,300,000 JPY36,446 JPY/sq.mKagato13 min
香登西3,400,000 JPY15,610 JPY/sq.mKagato13 min
坂根1,800,000 JPY91,544 JPY/sq.mKagato13 min
坂根1,500,000 JPY30,050 JPY/sq.mKagato15 min
坂根1,500,000 JPY30,050 JPY/sq.mKagato15 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
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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 Kagato 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 Kagato 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 畠田Bizen-Shi Kagato 14.0 min walk)
, Area: 320 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   3,500,000 JPY,    Unit price:   10,937 JPY/sq.m
2. Okayama Bizen-Shi 畠田Bizen-Shi Kagato 13.0 min walk)
, Area: 390 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   4,300,000 JPY,    Unit price:   11,025 JPY/sq.m
3. Okayama Bizen-Shi 香登西Bizen-Shi Kagato 11.0 min walk)
, Area: 500 sq.m
- Trading date: 2013-03-01T00:00:00Z
Trading price:   1,000,000 JPY,    Unit price:   2,000 JPY/sq.m
4. Okayama Bizen-Shi 香登西Bizen-Shi Kagato 11.0 min walk)
, Area: 490 sq.m
- Trading date: 2013-03-01T00:00:00Z
Trading price:   970,000 JPY,    Unit price:   1,979 JPY/sq.m
5. Okayama Bizen-Shi 香登西Bizen-Shi Kagato 10.0 min walk)
, Area: 310 sq.m
- Trading date: 2015-06-01T00:00:00Z
Trading price:   900,000 JPY,    Unit price:   2,903 JPY/sq.m
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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 decrease in transactions involving very large size more than 200 sq.m.

The table below shows Land dealt in Okayama JR Akō Line Kagato, 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 Kagato

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