Nishikatakami Land average value

Price 4,351,250 JPY
  (17,816 JPY/sq.m)
- Dist. from Sta. 49.8 min walk
- Property area 354.0 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Nishikatakami, in 2016 was 6,382 JPY/sq.m. The market value represents a decrease of 7,166 JPY (-52.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.5 sq.m (a +28.2% increase compared to the 310.0 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 120.0 min in 2016; +2900.0%)
Data regarding the market value and its changes of Land in Nishikatakami were calculated using data on the sales of 24 properties provided by the MLIT Japan.

Nishikatakami Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
久々井840,000 JPY4,959 JPY/sq.mNishikatakami60 min
久々井870,000 JPY6,536 JPY/sq.mNishikatakami60 min
久々井420,000 JPY4,959 JPY/sq.mNishikatakami60 min
久々井9,000,000 JPY34,595 JPY/sq.mNishikatakami60 min
久々井2,800,000 JPY13,610 JPY/sq.mNishikatakami60 min
穂浪4,100,000 JPY35,666 JPY/sq.mNishikatakami30 min
久々井10,000,000 JPY48,612 JPY/sq.mNishikatakami60 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 Nishikatakami 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 Nishikatakami 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 in Nishikatakami

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 decrease in transactions involving very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 120.0 min in 2016; +2900.0%)
The table below shows Land dealt in Okayama JR Akō Line Nishikatakami, 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 Nishikatakami

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 (258) [Stations]4,950,00018,695 yrs60 min235 sq.m
JR Akō Line Osafune (120) [Stations]4,500,00014,673 yrs24 min330 sq.m
JR JR Akō Line (1,472) [Stations]6,600,00022,069 yrs21 min280 sq.m
JR Akō Line IRi (43) [Stations]5,000,00013,178 yrs28 min400 sq.m
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