Okinawa Itoman-Shi (222)
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
Causes of price decreases
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.
|Area||Average Trading Price||Average Unit Price|
|字糸満 [Utilization ]||22,572,917 JPY||181,691 JPY/sq.m|
|西崎町 [Utilization ]||68,081,081 JPY||197,204 JPY/sq.m|
|字兼城 [Utilization ]||30,000,000 JPY||194,777 JPY/sq.m|
|字大度||13,461,538 JPY||137,971 JPY/sq.m|
|西崎 [Utilization ]||61,720,000 JPY||187,743 JPY/sq.m|
|潮崎町 [Utilization ]||34,300,000 JPY||321,804 JPY/sq.m|
|字阿波根||19,600,000 JPY||176,366 JPY/sq.m|
|字武富 [Utilization ]||18,333,333 JPY||189,614 JPY/sq.m|
|字真栄里 [Utilization ]||41,625,000 JPY||165,375 JPY/sq.m|
|字潮平 [Utilization ]||72,000,000 JPY||193,694 JPY/sq.m|
|字大里||14,000,000 JPY||138,516 JPY/sq.m|
|字糸洲||13,280,000 JPY||170,833 JPY/sq.m|
|字賀数||22,200,000 JPY||189,985 JPY/sq.m|
|字喜屋武||14,025,000 JPY||122,821 JPY/sq.m|
|字座波||19,500,000 JPY||174,750 JPY/sq.m|
|西川町 [Utilization ]||29,250,000 JPY||105,500 JPY/sq.m|
|字真壁||24,000,000 JPY||135,458 JPY/sq.m|