JR Akō Line Land average value

Price 10,278,107 JPY
  (26,126 JPY/sq.m)
- Dist. from Sta. 31.7 min walk
- Property area 480.7 sq.m

The average price of a sq.m Land of Okayama JR JR Akō Line, in 2017 was 23,930 JPY/sq.m. The market value represents a decrease of 4,942 JPY (-17.1%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 69 (-74.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 549.8 sq.m (a +9.0% increase compared to the 504.6 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 33.7 min in 2016 and 28.1 min in 2017; -16.6%)
Data regarding the market value and its changes of Land in JR Akō Line were calculated using data on the sales of 1,472 properties provided by the MLIT Japan.

JR Akō Line Land market value list

StationsAverage Trading PriceAverage Unit Price
Sougo5,202,000 JPY17,946 JPY/sq.m
Hinase8,455,882 JPY26,495 JPY/sq.m
IRi8,146,767 JPY19,515 JPY/sq.m
Bizennkatakami8,916,842 JPY16,598 JPY/sq.m
Nishikatakami4,351,250 JPY17,816 JPY/sq.m
Innbe6,902,128 JPY19,003 JPY/sq.m
Kagato4,804,098 JPY10,557 JPY/sq.m
Osafune6,946,154 JPY15,310 JPY/sq.m
Oku9,956,806 JPY21,039 JPY/sq.m
Oodomi6,667,143 JPY21,198 JPY/sq.m
Saidaiji9,878,125 JPY29,495 JPY/sq.m
Oodara12,464,103 JPY40,410 JPY/sq.m
Higashiokayama15,657,308 JPY36,184 JPY/sq.m

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 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 in JR Akō Line

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

  • An decrease in average distance from the station (representing 33.7 min in 2016 and 28.1 min in 2017; -16.6%)
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 Kishin Line Niimi (112) [Stations]9,300,00026,285 yrs28 min300 sq.m
JR Hakubi Line Niimi (112) [Stations]9,300,00026,285 yrs28 min300 sq.m
JR Sanyo Main Line Satoshou (141) [Stations]7,700,00025,641 yrs30 min290 sq.m
JR Kishin Line Kuse (111) [Stations]7,300,00018,933 yrs20 min360 sq.m
JR Honshi-Bisan Line Kimi (50) [Stations]6,400,00017,857 yrs23 min415 sq.m
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