Okinawa Home market overview [Show ]

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)
Data regarding the market value and its changes of Home in Other were calculated using data on the sales of 492 properties provided by the MLIT Japan.

Value:

Unit: