The average price of a sq.m Land of Fukuka Miyama-Shi, in 2017 was 7,138 JPY/sq.m. The market value represents a decrease of 7,938 JPY (-52.7%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 18 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 723.8 sq.m (a -12.2% decrease compared to the 824.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Cause of price increases
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.3% of total transactions in 2016 and 16.7% of total transactions in 2017)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 15.4 min in 2016 and 24.1 min in 2017; +56.7%)
The highest Land market value is 瀬高町下庄 at 23,529 JPY/sq.m. On the other hand, those with the lowest market value is 山川町清水 at 1,120 JPY/sq.m.
Data regarding the market value and its changes of Land in Miyama-Shi were calculated using data on the sales of 312 properties provided by the MLIT Japan.