Osafune Land average value

Price 6,560,000 JPY
  (15,725 JPY/sq.m)
- Dist. from Sta. 24.5 min walk
- Property area 524.0 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Osafune, in 2017 was 7,639 JPY/sq.m. The market value represents a decrease of 5,477 JPY (-41.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 4 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 510.0 sq.m (a -23.4% decrease compared to the 666.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 27.5 min in 2016 and 22.7 min in 2017; -17.6%)
Data regarding the market value and its changes of Land in Osafune were calculated using data on the sales of 126 properties provided by the MLIT Japan.

Osafune Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
長船町八日市14,000,000 JPY136,119 JPY/sq.mOsafune24 min
長船町長船3,200,000 JPY58,767 JPY/sq.mOsafune24 min
長船町服部680,000,000 JPY- JPY/sq.mOsafune24 min
長船町土師39,000,000 JPY- JPY/sq.mOsafune24 min
長船町福里4,500,000 JPY82,645 JPY/sq.mOsafune24 min
長船町服部5,100,000 JPY76,631 JPY/sq.mOsafune25 min
長船町服部8,100,000 JPY116,420 JPY/sq.mOsafune23 min
長船町服部8,100,000 JPY116,420 JPY/sq.mOsafune23 min
長船町福里4,800,000 JPY88,152 JPY/sq.mOsafune25 min
長船町福里4,800,000 JPY88,152 JPY/sq.mOsafune25 min
長船町服部32,000,000 JPY- JPY/sq.mOsafune25 min
邑久町山田庄3,900,000 JPY117,203 JPY/sq.mOsafune25 min
長船町服部6,400,000 JPY120,896 JPY/sq.mOsafune25 min
長船町八日市28,000,000 JPY- JPY/sq.mOsafune25 min
長船町長船21,000,000 JPY128,555 JPY/sq.mOsafune26 min
長船町土師340,000 JPY16,056 JPY/sq.mOsafune26 min
長船町服部3,200,000 JPY45,993 JPY/sq.mOsafune26 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
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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 Osafune 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 Osafune 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 長船町八日市Setochi-Shi Osafune 24.0 min walk)
, Area: 340 sq.m
- Trading date: 2009-06-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   41,176 JPY/sq.m
2. Okayama Setochi-Shi 長船町福岡Setochi-Shi Osafune 21.0 min walk)
, Area: 290 sq.m
- Trading date: 2008-06-01T00:00:00Z
Trading price:   7,700,000 JPY,    Unit price:   26,551 JPY/sq.m
3. Okayama Setochi-Shi 長船町八日市Setochi-Shi Osafune 28.0 min walk)
, Area: 330 sq.m
- Trading date: 2014-09-01T00:00:00Z
Trading price:   8,500,000 JPY,    Unit price:   25,757 JPY/sq.m
4. Okayama Setochi-Shi 長船町八日市Setochi-Shi Osafune 28.0 min walk)
, Area: 330 sq.m
- Trading date: 2018-03-01T00:00:00Z
Trading price:   4,700,000 JPY,    Unit price:   14,242 JPY/sq.m
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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:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 27.5 min in 2016 and 22.7 min in 2017; -17.6%)
The table below shows Land dealt in Okayama JR Akō Line Osafune, 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 Osafune

    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 Oodomi (29) [Stations]7,000,00016,551 yrs16 min250 sq.m
    JR Akō Line Bizennkatakami (19) [Stations]6,400,00014,814 yrs10 min360 sq.m
    JR Akō Line Sougo (25) [Stations]4,000,00012,045 yrs13 min280 sq.m
    JR Akō Line Innbe (51) [Stations]6,000,00020,000 yrs13 min270 sq.m
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