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%)

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 490 properties provided by the MLIT Japan.

Value:
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Market value

StationsAverage Trading PriceAverage Unit Price
Oiwake4,894,167 JPY11,268 JPY/sq.m
Detohama2,259,836 JPY6,191 JPY/sq.m
Kamifutada6,573,846 JPY5,430 JPY/sq.m
Futada5,966,615 JPY10,736 JPY/sq.m
Tennnou1,531,333 JPY5,264 JPY/sq.m
Funakoshi7,792,099 JPY13,631 JPY/sq.m
Wakimoto2,097,414 JPY5,758 JPY/sq.m
Hadachi2,364,762 JPY8,319 JPY/sq.m
Oga3,757,027 JPY9,282 JPY/sq.m