Oku Land average value

Price 10,584,833 JPY
  (22,973 JPY/sq.m)
- Dist. from Sta. 58.0 min walk
- Property area 442.2 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Oku, in 2017 was 32,117 JPY/sq.m. The market value represents an increase of 2,738 JPY (+9.3%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 396.7 sq.m (a +45.1% increase compared to the 273.3 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 65.2 min in 2016 and 31.7 min in 2017; -51.4%)
Data regarding the market value and its changes of Land in Oku were calculated using data on the sales of 261 properties provided by the MLIT Japan.

Oku Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
邑久町本庄2,700,000 JPY35,702 JPY/sq.mOku30 min
邑久町箕輪500,000 JPY3,005 JPY/sq.mOku30 min
長船町西須恵200,000 JPY4,007 JPY/sq.mOku30 min
邑久町山手2,000,000 JPY69,593 JPY/sq.mOku30 min
長船町西須恵4,800,000 JPY39,669 JPY/sq.mOku60 min
牛窓町長浜4,500,000 JPY22,202 JPY/sq.mOku60 min
邑久町大富700,000 JPY13,610 JPY/sq.mOku30 min
邑久町下山田3,600,000 JPY59,504 JPY/sq.mOku30 min
邑久町庄田1,700,000 JPY6,612 JPY/sq.mOku60 min
邑久町本庄300,000 JPY4,959 JPY/sq.mOku30 min
牛窓町鹿忍300,000 JPY- JPY/sq.mOku60 min
牛窓町長浜1,700,000 JPY3,511 JPY/sq.mOku60 min
邑久町庄田230,000 JPY6,612 JPY/sq.mOku60 min
邑久町庄田300,000 JPY6,612 JPY/sq.mOku60 min
邑久町北池1,800,000 JPY3,306 JPY/sq.mOku30 min
邑久町豊原500,000 JPY15,025 JPY/sq.mOku30 min
邑久町福中7,000,000 JPY16,529 JPY/sq.mOku30 min
邑久町福中1,500,000 JPY22,539 JPY/sq.mOku30 min
邑久町山手1,800,000 JPY30,512 JPY/sq.mOku30 min
牛窓町長浜700,000 JPY2,486 JPY/sq.mOku60 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:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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 Oku 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 Oku 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

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

Related sales({{similarlist.length}})

1. Okayama Setochi-Shi 邑久町本庄Setochi-Shi Oku 30.0 min walk)
, Area: 250 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   2,700,000 JPY,    Unit price:   10,800 JPY/sq.m
2. Okayama Setochi-Shi 長船町西須恵Setochi-Shi Oku 30.0 min walk)
, Area: 165 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   200,000 JPY,    Unit price:   1,212 JPY/sq.m
3. Okayama Setochi-Shi 邑久町大富Setochi-Shi Oku 30.0 min walk)
, Area: 170 sq.m
- Trading date: 2010-12-01T00:00:00Z
Trading price:   700,000 JPY,    Unit price:   4,117 JPY/sq.m
4. Okayama Setochi-Shi 邑久町下山田Setochi-Shi Oku 30.0 min walk)
, Area: 200 sq.m
- Trading date: 2010-12-01T00:00:00Z
Trading price:   3,600,000 JPY,    Unit price:   18,000 JPY/sq.m
5. Okayama Setochi-Shi 邑久町本庄Setochi-Shi Oku 30.0 min walk)
, Area: 200 sq.m
- Trading date: 2011-03-01T00:00:00Z
Trading price:   300,000 JPY,    Unit price:   1,500 JPY/sq.m
6. Okayama Setochi-Shi 邑久町庄田Setochi-Shi Oku 60.0 min walk)
, Area: 150 sq.m
- Trading date: 2011-09-01T00:00:00Z
Trading price:   300,000 JPY,    Unit price:   2,000 JPY/sq.m
7. Okayama Setochi-Shi 邑久町福中Setochi-Shi Oku 30.0 min walk)
, Area: 220 sq.m
- Trading date: 2013-03-01T00:00:00Z
Trading price:   1,500,000 JPY,    Unit price:   6,818 JPY/sq.m
8. Okayama Setochi-Shi 邑久町山手Setochi-Shi Oku 30.0 min walk)
, Area: 195 sq.m
- Trading date: 2007-06-01T00:00:00Z
Trading price:   1,800,000 JPY,    Unit price:   9,230 JPY/sq.m
9. Okayama Setochi-Shi 牛窓町長浜Setochi-Shi Oku 60.0 min walk)
, Area: 220 sq.m
- Trading date: 2013-09-01T00:00:00Z
Trading price:   1,700,000 JPY,    Unit price:   7,727 JPY/sq.m
10. Okayama Setochi-Shi 邑久町豊原Setochi-Shi Oku 30.0 min walk)
, Area: 280 sq.m
- Trading date: 2013-12-01T00:00:00Z
Trading price:   700,000 JPY,    Unit price:   2,500 JPY/sq.m
11. Okayama Setochi-Shi 牛窓町長浜Setochi-Shi Oku 60.0 min walk)
, Area: 290 sq.m
- Trading date: 2014-09-01T00:00:00Z
Trading price:   60,000 JPY,    Unit price:   206 JPY/sq.m
12. Okayama Setochi-Shi 邑久町本庄Setochi-Shi Oku 60.0 min walk)
, Area: 170 sq.m
- Trading date: 2014-09-01T00:00:00Z
Trading price:   400,000 JPY,    Unit price:   2,352 JPY/sq.m
13. Okayama Setochi-Shi 邑久町福中Setochi-Shi Oku 30.0 min walk)
, Area: 220 sq.m
- Trading date: 2014-12-01T00:00:00Z
Trading price:   1,500,000 JPY,    Unit price:   6,818 JPY/sq.m
14. Okayama Setochi-Shi 長船町西須恵Setochi-Shi Oku 60.0 min walk)
, Area: 140 sq.m
- Trading date: 2015-12-01T00:00:00Z
Trading price:   640,000 JPY,    Unit price:   4,571 JPY/sq.m
15. Okayama Setochi-Shi 邑久町尾張Setochi-Shi Oku 28.0 min walk)
, Area: 165 sq.m
- Trading date: 2012-12-01T00:00:00Z
Trading price:   98,000 JPY,    Unit price:   593 JPY/sq.m
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- 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 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 65.2 min in 2016 and 31.7 min in 2017; -51.4%)
The table below shows Land dealt in Okayama JR Akō Line Oku, 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 Oku

    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 Osafune (120) [Stations]4,750,00015,833 yrs24 min305 sq.m
    JR Akō Line Saidaiji (315) [Stations]6,250,00030,270 yrs24 min255 sq.m
    JR Akō Line IRi (43) [Stations]5,000,00013,178 yrs28 min400 sq.m
    JR Akō Line Nishikatakami (24) [Stations]3,550,00012,168 yrs45 min250 sq.m
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