Okinawa Monorail Land market overview

The average price of a sq.m Land of Okinawa Monorail (Akamine to Shuri), in Jan, 2015 to Mar, 2015 was 133,561 JPY/sq.m. The market value represents a decrease of 3,659 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 24 properties exchanged hands ( The market value represents an increase of 17 (+242.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 241.2 sq.m (a +32.5% increase compared to the 182.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Shuri station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Asato station, where prices have decreased -51.4% compared to last year; a sq.m unit now costs 56,250 JPY/sq.m.

The top 1 stations has seen prices increase -3.8% (-5,714 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -51.4% (-59,464 JPY/sq.m).


Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2014 and 16.7% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Okinawa Monorail, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Land stations market overview

The average price of a sq.m Land of Shuri, the highest market value along this railway was 146,666 JPY/sq.m. The market value represents a decrease of 5,714 JPY (-3.8%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Asato, the lowest market value along this railway was 56,250 JPY/sq.m. The market value represents a decrease of 59,464 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Okinawa Monorail (Stations Land market overview)
Okinawa MonorailThis year(2015)1 year ago2 years ago
Akamine-120,000 JPY (0.0Y/150.0sq.m)83,333 JPY (0.0Y/120.0sq.m)
Oroku-130,434 JPY (0.0Y/230.0sq.m)-
Ounoyamakouenn125,997 JPY (0.0Y/197.5sq.m)-135,294 JPY (0.0Y/680.0sq.m)
Tsubogawa188,571 JPY (0.0Y/35.0sq.m)-63,333 JPY (0.0Y/100.0sq.m)
Asahibashi---
Kennchoumae179,310 JPY (0.0Y/145.0sq.m)--
Miebashi140,000 JPY (0.0Y/100.0sq.m)173,913 JPY (0.0Y/230.0sq.m)153,031 JPY (0.0Y/336.7sq.m)
Makishi--123,394 JPY (0.0Y/90.0sq.m)
Asato56,250 JPY (0.0Y/1600.0sq.m)115,714 JPY (0.0Y/245.0sq.m)80,713 JPY (0.0Y/162.0sq.m)
Omoromachi159,221 JPY (0.0Y/107.2sq.m)-160,493 JPY (0.0Y/810.0sq.m)
Furujima100,636 JPY (0.0Y/392.0sq.m)-180,000 JPY (0.0Y/250.0sq.m)
Shiritsubyouinnmae---
Gibo102,164 JPY (0.0Y/171.7sq.m)-138,844 JPY (0.0Y/172.5sq.m)
Shuri146,666 JPY (0.0Y/75.0sq.m)152,380 JPY (0.0Y/87.5sq.m)115,845 JPY (0.0Y/198.2sq.m)
*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Top

Noteworthy stations

Shuri146,666 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Land of Shuri was 146,666 JPY/sq.m. The market value represents a decrease of 5,714 JPY (-3.8%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 75.0 sq.m (a -14.3% decrease compared to the 87.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 18.0 min in 2014 and 21.0 min in 2015; +16.7%)

Asato56,250 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Asato was 56,250 JPY/sq.m. The market value represents a decrease of 59,464 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1600.0 sq.m (a +553.1% increase compared to the 245.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.0 min in 2014 and 17.0 min in 2015; +41.7%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)