Oodara Land average value

Price 11,495,000 JPY
  (40,006 JPY/sq.m)
- Dist. from Sta. 23.2 min walk
- Property area 347.8 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Oodara, in 2017 was 47,090 JPY/sq.m. The market value represents an increase of 3,685 JPY (+8.5%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents a decrease of 1 (-8.3%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 278.6 sq.m (a +1.8% increase compared to the 273.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Data regarding the market value and its changes of Land in Oodara were calculated using data on the sales of 204 properties provided by the MLIT Japan.

Oodara Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
益野町10,000,000 JPY183,653 JPY/sq.mOodara21 min
松新町17,000,000 JPY51,088 JPY/sq.mOodara21 min
松新町3,000,000 JPY94,450 JPY/sq.mOodara21 min
広谷3,600,000 JPY82,073 JPY/sq.mOodara21 min
広谷7,100,000 JPY138,063 JPY/sq.mOodara21 min
広谷8,300,000 JPY166,291 JPY/sq.mOodara21 min
益野町27,000,000 JPY165,289 JPY/sq.mOodara21 min
中川町14,000,000 JPY115,702 JPY/sq.mOodara21 min
広谷19,000,000 JPY209,365 JPY/sq.mOodara21 min
広谷14,000,000 JPY192,836 JPY/sq.mOodara20 min
広谷400,000 JPY18,889 JPY/sq.mOodara20 min
松新町31,000,000 JPY- JPY/sq.mOodara22 min
松新町16,000,000 JPY48,083 JPY/sq.mOodara22 min
松新町8,700,000 JPY164,344 JPY/sq.mOodara22 min
松新町43,000,000 JPY151,220 JPY/sq.mOodara20 min
西大寺松崎58,000,000 JPY100,912 JPY/sq.mOodara20 min
松新町33,000,000 JPY- JPY/sq.mOodara20 min
松新町9,500,000 JPY142,747 JPY/sq.mOodara20 min
広谷13,000,000 JPY179,061 JPY/sq.mOodara20 min
益野町8,300,000 JPY148,311 JPY/sq.mOodara20 min

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:


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Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

Property Details:
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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 Oodara 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 Oodara 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.

1. Okayama Okayama-Shi Higashi-Ku 広谷Okayama-Shi Oodara 20.0 min walk)
, Area: 240 sq.m
- Trading date: 2008-06-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   58,333 JPY/sq.m

2. Okayama Okayama-Shi Higashi-Ku 広谷Okayama-Shi Oodara 20.0 min walk)
, Area: 240 sq.m
- Trading date: 2016-09-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   54,166 JPY/sq.m

3. Okayama Okayama-Shi Higashi-Ku 松新町Okayama-Shi Oodara 19.0 min walk)
, Area: 260 sq.m
- Trading date: 2015-03-01T00:00:00Z

Trading price:   7,800,000 JPY,    Unit price:   30,000 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:


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Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

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

    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 Higashiokayama (305) [Stations]9,200,00039,473 yrs19 min245 sq.m
    JR Akō Line Oku (269) [Stations]8,000,00031,617 yrs16 min220 sq.m
    JR Akō Line Saidaiji (330) [Stations]6,500,00030,286 yrs23 min240 sq.m
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