The average price of a sq.m Land of Shizuoka Other, in 2017 was 37,545 JPY/sq.m. The market value represents a decrease of 3,214 JPY (-7.9%) compared to 1 year ago and a transition to a bear market. 46 properties exchanged hands ( The market value represents a decrease of 448 (-90.7%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 513.4 sq.m (a +28.1% increase compared to the 400.7 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Causes of price decreases
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.3% of total transactions in 2016 and 4.3% of total transactions in 2017)
Data regarding the market value and its changes of Land in Other were calculated using data on the sales of 6,238 properties provided by the MLIT Japan.