Okinawa Nanjo-Shi Home market overview [Show ]

The average price of a sq.m Home of Okinawa Nanjo-Shi, in 2017 was 195,121 JPY/sq.m. The market value represents a decrease of 73,837 JPY (-27.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 3.5 years old (a -73.3% decrease compared to the 13.2 years old of last year.). The average size of the real estate was 990.0 sq.m (a +132.0% increase compared to the 426.7 sq.m of last year.). The average total floor space of the real estate was 820.0 sq.m (a +287.8% increase compared to the 211.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 13.2 years old in 2016 and 3.5 years old in 2017; -73.3%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 14.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

The highest Home market value is 大里 at 185,714 JPY/sq.m. On the other hand, those with the lowest market value is 佐敷 at 115,789 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the 知念 at -75.0% (The rate of decline after 30 years). On the other hand, market values along the 大里 was the most resistant to decline at -26.0% (The same rate).

Data regarding the market value and its changes of Home in Nanjo-Shi were calculated using data on the sales of 135 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
大里 [Utilization ]23,760,000 JPY199,197 JPY/sq.m
玉城 [Utilization ]30,294,444 JPY184,685 JPY/sq.m
佐敷 [Utilization ]17,464,516 JPY136,604 JPY/sq.m
知念 [Utilization ]17,855,000 JPY170,799 JPY/sq.m

Area

Okinawa Nanjo-Shi (135)

大里 (45)

玉城 (36)

佐敷 (31)

知念 (20)