Okinawa Itoman-Shi Home market overview [Show ]

The average price of a sq.m Home of Okinawa Itoman-Shi, in 2017 was 214,732 JPY/sq.m. The market value represents an increase of 39,994 JPY (+22.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 18 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.9 years old (a +5.6% increase compared to the 19.8 years old of last year.). The average size of the real estate was 307.5 sq.m (a +19.9% increase compared to the 256.5 sq.m of last year.). The average total floor space of the real estate was 268.3 sq.m (a -19.6% decrease compared to the 333.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 47.6% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2016 and 33.3% of total transactions in 2017)

The highest Home market value is 潮崎町 at 304,761 JPY/sq.m. On the other hand, those with the lowest market value is 西川町 at 103,519 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the 字真壁 at -67.0% (The rate of decline after 30 years). On the other hand, market values along the 西崎町 was the most resistant to decline at -12.0% (The same rate).

Data regarding the market value and its changes of Home in Itoman-Shi were calculated using data on the sales of 222 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
字糸満 [Utilization ]22,572,917 JPY181,691 JPY/sq.m
西崎町 [Utilization ]68,081,081 JPY197,204 JPY/sq.m
字兼城 [Utilization ]30,000,000 JPY194,777 JPY/sq.m
字大度13,461,538 JPY137,971 JPY/sq.m
西崎 [Utilization ]61,720,000 JPY187,743 JPY/sq.m
潮崎町 [Utilization ]34,300,000 JPY321,804 JPY/sq.m
字阿波根19,600,000 JPY176,366 JPY/sq.m
字武富 [Utilization ]18,333,333 JPY189,614 JPY/sq.m
字真栄里 [Utilization ]41,625,000 JPY165,375 JPY/sq.m
字潮平 [Utilization ]72,000,000 JPY193,694 JPY/sq.m
字大里14,000,000 JPY138,516 JPY/sq.m
字糸洲13,280,000 JPY170,833 JPY/sq.m
字賀数22,200,000 JPY189,985 JPY/sq.m
字喜屋武14,025,000 JPY122,821 JPY/sq.m
字座波19,500,000 JPY174,750 JPY/sq.m
西川町 [Utilization ]29,250,000 JPY105,500 JPY/sq.m
字真壁24,000,000 JPY135,458 JPY/sq.m

Area

Okinawa Itoman-Shi (222)

字糸満 (48)

西崎町 (37)

字兼城 (21)

字大度 (13)

西崎 (13)

潮崎町 (10)

字阿波根 (10)

字武富 (9)

字真栄里 (8)

字潮平 (7)

字大里 (5)

字糸洲 (5)

字賀数 (5)

字喜屋武 (4)

字座波 (4)

西川町 (4)

字真壁 (4)