Kennchoumae Land average value

Price 66,598,730 JPY
  (193,546 JPY/sq.m)
- Dist. from Sta. 10.7 min walk
- Property area 279.4 sq.m

The average price of a sq.m Land of Okinawa Monorail Kennchoumae, in 2017 was 155,555 JPY/sq.m. The market value represents a decrease of 20,059 JPY (-11.4%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 135.0 sq.m (a -57.8% decrease compared to the 320.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.5 min in 2016 and 14.0 min in 2017; +21.7%)
Data regarding the market value and its changes of Land in Kennchoumae were calculated using data on the sales of 63 properties provided by the MLIT Japan.

Kennchoumae Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
若狭18,000,000 JPY595,041 JPY/sq.mKennchoumae11 min
若狭14,000,000 JPY578,512 JPY/sq.mKennchoumae11 min
若狭8,300,000 JPY609,732 JPY/sq.mKennchoumae11 min
若狭17,000,000 JPY624,423 JPY/sq.mKennchoumae11 min
若狭11,000,000 JPY606,060 JPY/sq.mKennchoumae11 min
若狭18,000,000 JPY626,357 JPY/sq.mKennchoumae11 min
楚辺57,000,000 JPY448,641 JPY/sq.mKennchoumae11 min
若狭8,700,000 JPY639,117 JPY/sq.mKennchoumae11 min
樋川24,000,000 JPY566,704 JPY/sq.mKennchoumae11 min
若狭14,000,000 JPY712,013 JPY/sq.mKennchoumae11 min
松山180,000,000 JPY607,183 JPY/sq.mKennchoumae11 min
若狭10,000,000 JPY550,962 JPY/sq.mKennchoumae10 min
松山37,000,000 JPY764,463 JPY/sq.mKennchoumae10 min
若狭6,200,000 JPY585,593 JPY/sq.mKennchoumae12 min
若狭8,900,000 JPY588,430 JPY/sq.mKennchoumae10 min
松尾39,000,000 JPY415,888 JPY/sq.mKennchoumae10 min
松山46,000,000 JPY543,091 JPY/sq.mKennchoumae12 min
松尾11,000,000 JPY559,438 JPY/sq.mKennchoumae12 min
松尾7,700,000 JPY462,810 JPY/sq.mKennchoumae12 min
若狭61,000,000 JPY720,188 JPY/sq.mKennchoumae10 min

Okinawa Monorail Railway market report

2017. Jan Mar
 2 tradings
2016. Jan Dec
 56 tradings
2015. Jan Sep
 44 tradings
2014. Jan Dec
 51 tradings
2013. Jan Dec
 119 tradings
---1Q
2
-3Q
18
2Q
10
1Q
12
-3Q
15
2Q
5
1Q
24
4Q
1
3Q
22
2Q
21
1Q
7
4Q
14
3Q
30
2Q
27
1Q
48
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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 Kennchoumae 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 Okinawa Monorail Kennchoumae 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 Kennchoumae

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 relatively large size more than 100 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.5 min in 2016 and 14.0 min in 2017; +21.7%)
The table below shows Land dealt in Okinawa Monorail Kennchoumae, 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 Kennchoumae

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
Okinawa Monorail Omoromachi (69) [Stations]36,000,000180,769 yrs9 min210 sq.m
Okinawa Monorail Asahibashi (19) [Stations]30,000,000207,034 yrs8 min185 sq.m
Okinawa Monorail Miebashi (50) [Stations]35,500,000179,655 yrs8 min200 sq.m
Okinawa Monorail Furujima (56) [Stations]32,000,000164,102 yrs12 min200 sq.m
Other Okinawa Monorail (882) [Stations]26,000,000140,000 yrs10 min230 sq.m
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