Land Transaction Price Overview
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Basic statistics for the Okayama City,Okayama Prefecture (Commercial Land)
No. Transaction
period
No. of
Samples
Unit Land Price (yen/m²)
Average Standard
Deviation
Minimum Lower
Quartile
Median Upper
Quartile
Maximum
1 2017 61 128,557 127,369 17,000 49,000 79,000 140,000 600,000
2 2018 40 171,775 223,245 15,000 56,500 140,000 200,000 1,400,000
3 2019 59 147,068 141,112 14,000 52,000 99,000 180,000 650,000
4 2020 63 178,524 164,969 11,000 60,500 120,000 230,000 760,000
5 2021 58 182,172 156,909 20,000 70,750 130,000 215,000 760,000
6 2022 33 167,830 127,083 400 76,000 110,000 240,000 480,000




<Points to remember when viewing the data>
These data are based on the results of a questionnaire survey on land and building transactions in the target areas. Since each plot of land and building have unique characteristics (location, condition of the frontage road, area, use, etc.), the transactions conducted in each compilation period differ in nature because they reflect the unique characteristics of the land and buildings. Moreover, since the actual transaction price also reflect the circumstances of the persons involved (rushed sale, rushed purchase, etc.), they may vary from the price expected in normal transactions. For these reasons, the results posted on this website should not be considered to represent the overall transaction trends or the overall levels of land prices, etc. in the target areas during these compilation periods.
In the future, more samples may be added to the data for each quarter. Please note that the number of samples in the last quarter, in particular, may significantly change in the next quarter or later.


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