Oku Land average value

Price 7,344,231 JPY
  (27,551 JPY/sq.m)
- Dist. from Sta. 45.7 min walk
- Property area 336.0 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Oku, in 2017 was 32,222 JPY/sq.m. The market value represents a decrease of 268 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents a decrease of 3 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 362.1 sq.m (a +37.2% increase compared to the 264.0 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 53.5 min in 2016 and 24.0 min in 2017; -55.2%)
Data regarding the market value and its changes of Land in Oku were calculated using data on the sales of 267 properties provided by the MLIT Japan.

Oku Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
邑久町大窪8,500,000 JPY127,722 JPY/sq.mOku19 min
邑久町大窪8,000,000 JPY132,231 JPY/sq.mOku19 min
邑久町大窪9,100,000 JPY130,793 JPY/sq.mOku18 min
邑久町大窪7,500,000 JPY118,063 JPY/sq.mOku19 min
邑久町山田庄4,100,000 JPY45,177 JPY/sq.mOku19 min
邑久町山田庄2,600,000 JPY44,076 JPY/sq.mOku19 min
邑久町山田庄8,800,000 JPY44,754 JPY/sq.mOku19 min
邑久町山田庄1,500,000 JPY45,078 JPY/sq.mOku19 min
邑久町山田庄3,300,000 JPY43,636 JPY/sq.mOku19 min
邑久町山田庄2,200,000 JPY44,076 JPY/sq.mOku19 min
邑久町尾張35,000,000 JPY68,060 JPY/sq.mOku18 min
邑久町下笠加150,000,000 JPY- JPY/sq.mOku18 min
邑久町豊原6,500,000 JPY226,185 JPY/sq.mOku18 min
邑久町豊安11,000,000 JPY139,858 JPY/sq.mOku18 min
邑久町豊安12,000,000 JPY123,967 JPY/sq.mOku19 min
邑久町豊安12,000,000 JPY165,289 JPY/sq.mOku19 min
邑久町豊安8,700,000 JPY59,917 JPY/sq.mOku18 min
邑久町下笠加6,000,000 JPY82,645 JPY/sq.mOku19 min
邑久町下笠加270,000,000 JPY- JPY/sq.mOku19 min
邑久町豊原500,000 JPY12,241 JPY/sq.mOku19 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 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

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

Related sales({{similarlist.length}})

1. Okayama Setochi-Shi 邑久町大窪Setochi-Shi Oku 19.0 min walk)
, Area: 220 sq.m
- Trading date: 2008-09-01T00:00:00Z
Trading price:   8,500,000 JPY,    Unit price:   38,636 JPY/sq.m
2. Okayama Setochi-Shi 邑久町大窪Setochi-Shi Oku 18.0 min walk)
, Area: 230 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   9,100,000 JPY,    Unit price:   39,565 JPY/sq.m
3. Okayama Setochi-Shi 邑久町大窪Setochi-Shi Oku 19.0 min walk)
, Area: 210 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   7,500,000 JPY,    Unit price:   35,714 JPY/sq.m
4. Okayama Setochi-Shi 邑久町豊安Setochi-Shi Oku 19.0 min walk)
, Area: 240 sq.m
- Trading date: 2011-06-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   50,000 JPY/sq.m
5. Okayama Setochi-Shi 邑久町下笠加Setochi-Shi Oku 19.0 min walk)
, Area: 240 sq.m
- Trading date: 2013-06-01T00:00:00Z
Trading price:   6,000,000 JPY,    Unit price:   25,000 JPY/sq.m
6. Okayama Setochi-Shi 邑久町大窪Setochi-Shi Oku 18.0 min walk)
, Area: 230 sq.m
- Trading date: 2016-09-01T00:00:00Z
Trading price:   7,000,000 JPY,    Unit price:   30,434 JPY/sq.m
7. Okayama Setochi-Shi 邑久町豊安Setochi-Shi Oku 17.0 min walk)
, Area: 210 sq.m
- Trading date: 2008-09-01T00:00:00Z
Trading price:   11,000,000 JPY,    Unit price:   52,380 JPY/sq.m
8. Okayama Setochi-Shi 邑久町豊安Setochi-Shi Oku 17.0 min walk)
, Area: 230 sq.m
- Trading date: 2011-12-01T00:00:00Z
Trading price:   9,800,000 JPY,    Unit price:   42,608 JPY/sq.m
9. Okayama Setochi-Shi 邑久町豊安Setochi-Shi Oku 17.0 min walk)
, Area: 230 sq.m
- Trading date: 2012-03-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   43,478 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 53.5 min in 2016 and 24.0 min in 2017; -55.2%)
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 Saidaiji (327) [Stations]6,500,00030,270 yrs23 min240 sq.m
    JR JR Akō Line (1,547) [Stations]7,400,00023,891 yrs20 min280 sq.m
    JR Akō Line Higashiokayama (297) [Stations]9,050,00036,666 yrs19 min255 sq.m
    JR Akō Line Osafune (126) [Stations]4,700,00015,227 yrs24 min320 sq.m
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