The average price of a sq.m Land of Akita JR JR Oga Line, in 2017 was 300 JPY/sq.m. The market value represents a decrease of 6,613 JPY (-95.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 27 (-96.4%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 100.0 sq.m (a -88.1% decrease compared to the 837.9 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.
Causes of price decreases
- A dramatic increase in average distance from the station (representing 22.4 min in 2016 and 120.0 min in 2017; +435.0%)
The highest Land market value is Funakoshi at 15,000 JPY/sq.m. On the other hand, those with the lowest market value is Tennnou at 3,764 JPY/sq.m.
Data regarding the market value and its changes of Land in JR Oga Line were calculated using data on the sales of 482 properties provided by the MLIT Japan.