Sougo Land average value

Price 5,202,000 JPY
  (17,946 JPY/sq.m)
- Dist. from Sta. 13.3 min walk
- Property area 442.2 sq.m

The average price of a sq.m Land of Okayama JR Akō Line Sougo, in 2017 was 11,576 JPY/sq.m. The market value represents an increase of 1,313 JPY (+12.8%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 423.3 sq.m (a -11.8% decrease compared to the 480.0 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

  • A dramatic decrease in average distance from the station (representing 16.3 min in 2016 and 11.7 min in 2017; -28.6%)
Data regarding the market value and its changes of Land in Sougo were calculated using data on the sales of 25 properties provided by the MLIT Japan.

Sougo Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
日生町寒河2,000,000 JPY37,779 JPY/sq.mSougo13 min
日生町寒河2,000,000 JPY33,058 JPY/sq.mSougo13 min
日生町寒河4,700,000 JPY97,107 JPY/sq.mSougo14 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 Sougo 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 Sougo 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 Sougo

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 locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.3 min in 2016 and 11.7 min in 2017; -28.6%)
The table below shows Land dealt in Okayama JR Akō Line Sougo, 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 Sougo

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 (28) [Stations]7,000,00018,881 yrs16 min245 sq.m
JR Akō Line Innbe (47) [Stations]5,700,00019,204 yrs13 min260 sq.m
JR Akō Line Hinase (51) [Stations]5,000,00020,000 yrs15 min185 sq.m
JR Akō Line Bizennkatakami (19) [Stations]6,400,00014,814 yrs10 min360 sq.m
JR JR Akō Line (1,472) [Stations]6,600,00022,069 yrs21 min280 sq.m
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