Akita JR Oga Line Land market overview [Show ]
The average price of a sq.m Land of Akita JR JR Oga Line, in 2017 was 12,874 JPY/sq.m. The market value represents an increase of 5,961 JPY (+86.2%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 19 (-67.9%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 515.6 sq.m (a -38.5% decrease compared to the 837.9 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
Causes of price decreases
- An increase in average distance from the station (representing 22.4 min in 2016 and 25.4 min in 2017; +13.4%)
|Stations||Average Trading Price||Average Unit Price|
|Oiwake||4,894,167 JPY||11,268 JPY/sq.m|
|Detohama||2,259,836 JPY||6,191 JPY/sq.m|
|Kamifutada||6,573,846 JPY||5,430 JPY/sq.m|
|Futada||5,966,615 JPY||10,736 JPY/sq.m|
|Tennnou||1,531,333 JPY||5,264 JPY/sq.m|
|Funakoshi||7,792,099 JPY||13,631 JPY/sq.m|
|Wakimoto||2,097,414 JPY||5,758 JPY/sq.m|
|Hadachi||2,364,762 JPY||8,319 JPY/sq.m|
|Oga||3,757,027 JPY||9,282 JPY/sq.m|