Okinawa Nanjo-Shi (139)
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 61,260 JPY (-23.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 12 (-92.3%) 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 -76.2% decrease compared to the 14.7 years old of last year.). The average size of the real estate was 990.0 sq.m (a +167.6% increase compared to the 370.0 sq.m of last year.). The average total floor space of the real estate was 820.0 sq.m (a +350.5% increase compared to the 182.0 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
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 -76.0% (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 139 properties provided by the MLIT Japan.
|Area||Average Trading Price||Average Unit Price|
|大里||23,760,000 JPY||199,197 JPY/sq.m|
|玉城||32,964,103 JPY||202,327 JPY/sq.m|
|佐敷||17,464,516 JPY||136,604 JPY/sq.m|
|知念||20,147,619 JPY||181,116 JPY/sq.m|