JR Akō Line Land average value

Price 11,352,296 JPY
  (27,458 JPY/sq.m)
- Dist. from Sta. 26.4 min walk
- Property area 498.2 sq.m

The average price of a sq.m Land of Okayama JR JR Akō Line, in 2017 was 25,144 JPY/sq.m. The market value represents a decrease of 4,112 JPY (-14.1%) compared to 1 year ago and a transition to a weak market. 82 properties exchanged hands ( The market value represents a decrease of 48 (-36.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 703.2 sq.m (a +51.2% increase compared to the 465.2 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 30.2 min in 2016 and 24.1 min in 2017; -20.4%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2016 and 1.2% of total transactions in 2017)
Data regarding the market value and its changes of Land in JR Akō Line were calculated using data on the sales of 1,571 properties provided by the MLIT Japan.

JR Akō Line Land market value list

StationsAverage Trading PriceAverage Unit Price
Sougo5,261,111 JPY18,598 JPY/sq.m
Hinase10,085,593 JPY28,347 JPY/sq.m
IRi12,660,714 JPY13,069 JPY/sq.m
Bizennkatakami8,916,842 JPY16,598 JPY/sq.m
Nishikatakami4,351,250 JPY17,816 JPY/sq.m
Innbe7,764,706 JPY19,014 JPY/sq.m
Kagato4,775,000 JPY10,445 JPY/sq.m
Osafune6,178,421 JPY14,187 JPY/sq.m
Oku7,782,449 JPY29,105 JPY/sq.m
Oodomi6,471,724 JPY20,568 JPY/sq.m
Saidaiji13,797,123 JPY30,566 JPY/sq.m
Oodara11,495,000 JPY40,006 JPY/sq.m
Higashiokayama17,057,250 JPY36,834 JPY/sq.m

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:


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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 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 JR Akō Line 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 JR Akō Line 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 邑久町山田庄Setochi-Shi Oku 20.0 min walk)
, Area: 270 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   3,700,000 JPY,    Unit price:   13,703 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 Okayama-Shi Naka-Ku 関Okayama-Shi Higashiokayama 21.0 min walk)
, Area: 270 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   16,000,000 JPY,    Unit price:   59,259 JPY/sq.m

4. Okayama Setochi-Shi 邑久町山田庄Setochi-Shi Oku 19.0 min walk)
, Area: 300 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   4,100,000 JPY,    Unit price:   13,666 JPY/sq.m

5. Okayama Okayama-Shi Naka-Ku 土田Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 270 sq.m
- Trading date: 2010-06-01T00:00:00Z

Trading price:   6,500,000 JPY,    Unit price:   24,074 JPY/sq.m

6. Okayama Okayama-Shi Naka-Ku 四御神Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 280 sq.m
- Trading date: 2012-03-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   50,000 JPY/sq.m

7. Okayama Okayama-Shi Higashi-Ku 西大寺中野Okayama-Shi Saidaiji 21.0 min walk)
, Area: 300 sq.m
- Trading date: 2013-03-01T00:00:00Z

Trading price:   2,000,000 JPY,    Unit price:   6,666 JPY/sq.m

8. 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

9. Okayama Okayama-Shi Higashi-Ku 西大寺中野Okayama-Shi Saidaiji 21.0 min walk)
, Area: 270 sq.m
- Trading date: 2016-09-01T00:00:00Z

Trading price:   32,000,000 JPY,    Unit price:   118,518 JPY/sq.m

10. Okayama Okayama-Shi Higashi-Ku 広谷Okayama-Shi Oodara 21.0 min walk)
, Area: 300 sq.m
- Trading date: 2016-12-01T00:00:00Z

Trading price:   19,000,000 JPY,    Unit price:   63,333 JPY/sq.m

11. Okayama Setochi-Shi 邑久町豊安Setochi-Shi Oku 19.0 min walk)
, Area: 260 sq.m
- Trading date: 2017-12-01T00:00:00Z

Trading price:   9,500,000 JPY,    Unit price:   36,538 JPY/sq.m

12. Okayama Okayama-Shi Higashi-Ku 西大寺中野本町Okayama-Shi Saidaiji 18.0 min walk)
, Area: 260 sq.m
- Trading date: 2007-12-01T00:00:00Z

Trading price:   5,000,000 JPY,    Unit price:   19,230 JPY/sq.m

13. Okayama Bizen-Shi 穂浪Bizen-Shi IRi 18.0 min walk)
, Area: 270 sq.m
- Trading date: 2008-12-01T00:00:00Z

Trading price:   8,200,000 JPY,    Unit price:   30,370 JPY/sq.m

14. Okayama Bizen-Shi 伊部Bizen-Shi Innbe 18.0 min walk)
, Area: 270 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   7,000,000 JPY,    Unit price:   25,925 JPY/sq.m

15. Okayama Setochi-Shi 邑久町豊安Setochi-Shi Oku 18.0 min walk)
, Area: 260 sq.m
- Trading date: 2010-12-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   42,307 JPY/sq.m

16. Okayama Okayama-Shi Higashi-Ku 西大寺松崎Okayama-Shi Oodara 18.0 min walk)
, Area: 260 sq.m
- Trading date: 2013-03-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   57,692 JPY/sq.m

17. Okayama Okayama-Shi Higashi-Ku 久保Okayama-Shi Saidaiji 18.0 min walk)
, Area: 290 sq.m
- Trading date: 2013-06-01T00:00:00Z

Trading price:   4,200,000 JPY,    Unit price:   14,482 JPY/sq.m

18. Okayama Okayama-Shi Naka-Ku 神下Okayama-Shi Higashiokayama 18.0 min walk)
, Area: 260 sq.m
- Trading date: 2015-12-01T00:00:00Z

Trading price:   7,400,000 JPY,    Unit price:   28,461 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 very large size more than 200 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.2 min in 2016 and 24.1 min in 2017; -20.4%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2016 and 1.2% of total transactions in 2017)
The table below shows Land dealt in Okayama JR JR Akō Line, 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 JR Akō Line

    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 Kibi Line Higashisouja (280) [Stations]9,450,00031,748 yrs16 min330 sq.m
    JR Honshi-Bisan Line Kimi (53) [Stations]6,000,00018,125 yrs23 min380 sq.m
    JR Kibi Line Ashimori (109) [Stations]5,300,00017,777 yrs29 min300 sq.m
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