Okinawa Miyakojima-Shi (175)
The average price of a sq.m Home of Okinawa Miyakojima-Shi, in 2017 was 184,107 JPY/sq.m. The market value represents an increase of 41,320 JPY (+28.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 14 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 4.5 years old (a -84.5% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 390.0 sq.m (a -21.6% decrease compared to the 497.5 sq.m of last year.). The average total floor space of the real estate was 195.0 sq.m (a +27.1% increase compared to the 153.4 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.
Cause of price increases
The highest Home market value is 上野 at 157,142 JPY/sq.m. On the other hand, those with the lowest market value is 伊良部 at 46,153 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 伊良部 at -65.0% (The rate of decline after 30 years). On the other hand, market values along the 上野 was the most resistant to decline at -41.0% (The same rate).Data regarding the market value and its changes of Home in Miyakojima-Shi were calculated using data on the sales of 175 properties provided by the MLIT Japan.
|Area||Average Trading Price||Average Unit Price|
|平良||27,084,783 JPY||144,102 JPY/sq.m|
|城辺||8,626,316 JPY||79,181 JPY/sq.m|
|下地||14,366,667 JPY||146,938 JPY/sq.m|
|伊良部||8,071,429 JPY||66,259 JPY/sq.m|
|上野||15,100,000 JPY||150,067 JPY/sq.m|