Okinawa Monorail Home market overview [Show ]

The average price of a sq.m Home of Okinawa Okinawa Monorail, in 2017 was 414,447 JPY/sq.m. The market value represents an increase of 32,450 JPY (+8.5%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 49 (-94.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.0 years old (a -4.9% decrease compared to the 30.5 years old of last year.). The average size of the real estate was 433.3 sq.m (a +39.8% increase compared to the 310.0 sq.m of last year.). The average total floor space of the real estate was 173.3 sq.m (a -56.9% decrease compared to the 402.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2016 and 20.7 min in 2017; +87.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2016 and 66.7% of total transactions in 2017)
Data regarding the market value and its changes of Home in Okinawa Monorail were calculated using data on the sales of 492 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Akamine [Land utilization ]47,130,435 JPY387,686 JPY/sq.m
Oroku [Land utilization ]61,321,429 JPY233,587 JPY/sq.m
Ounoyamakouenn [Land utilization ]75,442,857 JPY213,073 JPY/sq.m
Tsubogawa [Land utilization ]125,222,222 JPY190,161 JPY/sq.m
Asahibashi [Land utilization ]66,076,667 JPY168,033 JPY/sq.m
Kennchoumae [Land utilization ]139,583,333 JPY311,656 JPY/sq.m
Miebashi [Land utilization ]91,192,308 JPY177,087 JPY/sq.m
Makishi [Land utilization ]67,750,000 JPY210,409 JPY/sq.m
Asato [Land utilization ]77,050,000 JPY240,036 JPY/sq.m
Omoromachi [Land utilization ]105,472,222 JPY347,639 JPY/sq.m
Furujima [Land utilization ]137,833,333 JPY369,267 JPY/sq.m
Shiritsubyouinnmae [Land utilization ]34,333,333 JPY256,815 JPY/sq.m
Gibo [Land utilization ]34,225,806 JPY264,224 JPY/sq.m
Shuri [Land utilization ]50,180,952 JPY277,092 JPY/sq.m