Oku Land average value

Price 9,956,806 JPY
  (21,039 JPY/sq.m)
- Dist. from Sta. 61.3 min walk
- Property area 525.8 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Oku, in 2017 was 19,816 JPY/sq.m. The market value represents a decrease of 9,562 JPY (-32.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 536.7 sq.m (a +96.3% 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

  • An decrease in average distance from the station (representing 65.2 min in 2016 and 52.3 min in 2017; -19.7%)
Data regarding the market value and its changes of Land in Oku were calculated using data on the sales of 258 properties provided by the MLIT Japan.

Oku Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
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
邑久町庄田1,700,000 JPY6,612 JPY/sq.mOku60 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
牛窓町長浜700,000 JPY2,486 JPY/sq.mOku60 min
牛窓町長浜13,000,000 JPY26,860 JPY/sq.mOku60 min
牛窓町長浜1,700,000 JPY25,544 JPY/sq.mOku60 min
牛窓町長浜8,300,000 JPY24,942 JPY/sq.mOku60 min
牛窓町長浜1,200,000 JPY4,132 JPY/sq.mOku60 min
牛窓町長浜9,100,000 JPY25,068 JPY/sq.mOku60 min
牛窓町長浜5,000,000 JPY25,041 JPY/sq.mOku60 min
牛窓町長浜6,100,000 JPY50,413 JPY/sq.mOku60 min
牛窓町長浜60,000 JPY681 JPY/sq.mOku60 min
邑久町本庄400,000 JPY7,775 JPY/sq.mOku60 min
長船町西須恵640,000 JPY15,111 JPY/sq.mOku60 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 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.

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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 Oku

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

  • An decrease in average distance from the station (representing 65.2 min in 2016 and 52.3 min in 2017; -19.7%)
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 JR Akō Line (1,472) [Stations]6,600,00022,069 yrs21 min280 sq.m
JR Akō Line Hinase (51) [Stations]5,000,00020,000 yrs15 min185 sq.m
JR Akō Line Innbe (47) [Stations]5,700,00019,204 yrs13 min260 sq.m
JR Akō Line Oodomi (28) [Stations]7,000,00018,881 yrs16 min245 sq.m
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