Okinawa Itoman-Shi Home market overview [Show ]

The average price of a sq.m Home of Okinawa Itoman-Shi, in 2017 was 104,347 JPY/sq.m. The market value represents a decrease of 70,391 JPY (-40.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 23 (-95.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 43.0 years old (a +117.1% increase compared to the 19.8 years old of last year.). The average size of the real estate was 480.0 sq.m (a +87.2% increase compared to the 256.5 sq.m of last year.). The average total floor space of the real estate was 460.0 sq.m (a +37.7% increase 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.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.8 years old in 2016 and 43.0 years old in 2017; +117.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2016 and 100.0% of total transactions in 2017)

The highest Home market value is 潮崎町 at 293,556 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 -66.6% (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 -12.4% (The same rate).

Data regarding the market value and its changes of Home in Itoman-Shi were calculated using data on the sales of 217 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
字糸満 [Land utilization ]22,760,870 JPY182,046 JPY/sq.m
西崎町 [Land utilization ]68,081,081 JPY197,204 JPY/sq.m
字兼城 [Land utilization ]30,000,000 JPY194,777 JPY/sq.m
字大度13,461,538 JPY137,971 JPY/sq.m
西崎 [Land utilization ]62,734,694 JPY189,184 JPY/sq.m
字阿波根19,600,000 JPY176,366 JPY/sq.m
字武富 [Land utilization ]18,333,333 JPY189,614 JPY/sq.m
潮崎町 [Land utilization ]34,222,222 JPY299,314 JPY/sq.m
字真栄里 [Land utilization ]41,625,000 JPY165,375 JPY/sq.m
字潮平 [Land utilization ]44,000,000 JPY175,344 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 [Land utilization ]29,250,000 JPY105,500 JPY/sq.m
字真壁24,000,000 JPY135,458 JPY/sq.m

Area

Okinawa Itoman-Shi (217)

字糸満 (46)

西崎町 (37)

字兼城 (21)

字大度 (13)

西崎 (12)

字阿波根 (10)

字武富 (9)

潮崎町 (9)

字真栄里 (8)

字潮平 (6)

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)