JR Akō Line Land average value

Price 10,477,234 JPY
  (26,764 JPY/sq.m)
- Dist. from Sta. 30.2 min walk
- Property area 454.1 sq.m

The average price of a sq.m Land of Okayama JR JR Akō Line, in 2017 was 28,259 JPY/sq.m. The market value represents a decrease of 613 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 40 properties exchanged hands ( The market value represents a decrease of 53 (-57.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 482.0 sq.m (a -4.5% decrease 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

  • A dramatic decrease in average distance from the station (representing 33.7 min in 2016 and 24.6 min in 2017; -26.8%)
Data regarding the market value and its changes of Land in JR Akō Line were calculated using data on the sales of 1,488 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
Hinase9,223,148 JPY26,637 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
Innbe6,900,000 JPY19,115 JPY/sq.m
Kagato4,804,098 JPY10,557 JPY/sq.m
Osafune7,008,333 JPY15,744 JPY/sq.m
Oku10,584,833 JPY22,973 JPY/sq.m
Oodomi6,471,724 JPY20,568 JPY/sq.m
Saidaiji9,841,216 JPY29,138 JPY/sq.m
Oodara12,186,046 JPY40,626 JPY/sq.m
Higashiokayama15,860,649 JPY36,475 JPY/sq.m

JR Akō Line Railway market report

2018 2017. Jan - Jun
 24 tradings
2016. Jan - Sep
 93 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 113 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

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
{{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

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: 250 sq.m
- Trading date: 2009-03-01T00:00:00Z
Trading price:   3,300,000 JPY,    Unit price:   13,200 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 乙多見Okayama-Shi Higashiokayama 19.0 min walk)
, Area: 250 sq.m
- Trading date: 2011-12-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   48,000 JPY/sq.m
7. 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
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 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
11. 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
12. 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
13. 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
14. 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
15. 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
16. 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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{{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

  • A dramatic decrease in average distance from the station (representing 33.7 min in 2016 and 24.6 min in 2017; -26.8%)
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 Sanyo Main Line Satoshou (141) [Stations]7,700,00025,641 yrs30 min280 sq.m
    JR Tsuyama Line Tsuyamaguchi (67) [Stations]7,100,00027,906 yrs21 min280 sq.m
    JR Kibi Line Higashisouja (270) [Stations]9,050,00028,177 yrs18 min330 sq.m
    JR Kishin Line Kuse (115) [Stations]6,900,00019,156 yrs20 min340 sq.m
    JR Honshi-Bisan Line Kimi (52) [Stations]6,400,00017,857 yrs23 min415 sq.m
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