The average price of a sq.m Home of Okinawa Other, in 2017 was 414,447 JPY/sq.m. The market value represents an increase of 29,516 JPY (+7.7%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 42 (-93.3%) 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 -5.8% decrease compared to the 30.8 years old of last year.). The average size of the real estate was 433.3 sq.m (a +28.0% increase compared to the 338.4 sq.m of last year.). The average total floor space of the real estate was 173.3 sq.m (a -59.0% decrease compared to the 422.4 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 11.3 min in 2016 and 20.7 min in 2017; +83.1%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 39.0% of total transactions in 2016 and 66.7% of total transactions in 2017)