Okinawa Miyakojima-Shi Home market overview [Show ]

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 36,349 JPY (+24.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 20 (-90.9%) 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 -83.5% decrease compared to the 27.4 years old of last year.). The average size of the real estate was 390.0 sq.m (a -12.9% decrease compared to the 447.7 sq.m of last year.). The average total floor space of the real estate was 195.0 sq.m (a +32.2% increase compared to the 147.5 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

  • A dramatic decrease in average age of the building (representing 27.4 years old in 2016 and 4.5 years old in 2017; -83.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 9.1% of total transactions in 2016 and 50.0% of total transactions in 2017)

The highest Home market value is 上野 at 142,571 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 -62.0% (The rate of decline after 30 years). On the other hand, market values along the 城辺 was the most resistant to decline at -8.0% (The same rate).

Data regarding the market value and its changes of Home in Miyakojima-Shi were calculated using data on the sales of 181 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
平良26,367,308 JPY149,595 JPY/sq.m
城辺8,260,000 JPY76,222 JPY/sq.m
下地14,366,667 JPY146,938 JPY/sq.m
上野13,387,500 JPY133,809 JPY/sq.m
伊良部8,071,429 JPY66,259 JPY/sq.m

Area

Okinawa Miyakojima-Shi (181)

平良 (131)

城辺 (20)

下地 (15)

上野 (8)

伊良部 (7)