Shizuoka Oigawa Railway Land market overview [Show ]

The average price of a sq.m Land of Shizuoka Oigawa Railway, in 2017 was 12,718 JPY/sq.m. The market value represents a decrease of 10,960 JPY (-46.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 28 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 591.2 sq.m (a +12.2% increase compared to the 527.2 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.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 56.6 min in 2016 and 105.0 min in 2017; +85.5%)

The highest Land market value is Oigawa Railway Main Line at 27,027 JPY/sq.m. On the other hand, those with the lowest market value is Oigawa Railway Ikawa Line at 6,086 JPY/sq.m.

Data regarding the market value and its changes of Land in Oigawa Railway were calculated using data on the sales of 430 properties provided by the MLIT Japan.

Value:

Unit: