Okinawa Monorail Apartment market overview [Show ]

The average price of a sq.m Apartment of Okinawa Okinawa Monorail, in 2017 was 294,443 JPY/sq.m. The market value represents a decrease of 99,879 JPY (-25.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 51 (-87.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.6 years old (a +72.4% increase compared to the 14.9 years old of last year.). The average size of the real estate was 64.3 sq.m (a -9.8% decrease compared to the 71.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.1 min in 2016 and 7.0 min in 2017; -42.2%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.7% of total transactions in 2016 and 28.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.9 years old in 2016 and 25.6 years old in 2017; +72.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 26.9% of total transactions in 2016 and 85.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Okinawa Monorail were calculated using data on the sales of 605 properties provided by the MLIT Japan.

Value:

Unit:

売却検討物件の正確な価格計算は、無料一括査定サービスを御利用ください

提携無料一括査定サービス

Market value

StationsAverage Trading PriceAverage Unit Price
Akamine [Land utilization ]14,207,143 JPY224,559 JPY/sq.m
Oroku [Land utilization ]20,827,273 JPY295,522 JPY/sq.m
Ounoyamakouenn [Land utilization ]16,442,308 JPY225,740 JPY/sq.m
Tsubogawa [Land utilization ]17,105,263 JPY235,335 JPY/sq.m
Asahibashi [Land utilization ]24,930,137 JPY313,727 JPY/sq.m
Kennchoumae [Land utilization ]14,554,762 JPY205,906 JPY/sq.m
Miebashi [Land utilization ]13,100,000 JPY225,036 JPY/sq.m
Makishi [Land utilization ]29,095,238 JPY357,125 JPY/sq.m
Asato [Land utilization ]11,611,268 JPY196,616 JPY/sq.m
Omoromachi [Land utilization ]39,593,939 JPY508,977 JPY/sq.m
Furujima [Land utilization ]15,337,931 JPY272,328 JPY/sq.m
Shiritsubyouinnmae [Land utilization ]14,244,444 JPY230,300 JPY/sq.m
Gibo [Land utilization ]14,160,714 JPY205,788 JPY/sq.m
Shuri [Land utilization ]11,464,286 JPY170,430 JPY/sq.m