Showamachi, Iwakuni City: property prices and land values

昭和町(岩国市)

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Avg. residential land price
¥62K/m²
≈ $37/sq ft · 1 sites
#9 of 41 neighborhoods
Avg. commercial land price
¥89K/m²
≈ $52/sq ft · 1 sites
1-year change
+1.8%
Residential +2.3% · commercial +1.4%
5 years / 10 years
+8.1% / +11.3%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
¥25.0M
≈ $158K · 3 sales
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

Map official land price survey sites

Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.

Price trend and forecast average chained from the same survey sites

¥25K/m²¥50K/m²¥75K/m²¥100K/m²¥125K/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+1.3% a year
¥62K/m²¥63K/m²¥65K/m²¥66K/m²¥71K/m²

Forecasts are projections, not guarantees. 10-year range: ¥58K/m²–¥84K/m²

Showamachi, Iwakuni City compared with larger areas

AreaAvg. residential≈ USD/sq ftShowamachi, Iwakuni City is1 year5 yearsCondos per m²Index
Showamachi, Iwakuni City ¥62K/m²$37/sq ft +1.8%+8.1% ——
Iwakuni City ¥39K/m²$23/sq ft 1.6x+0.3%+0.9% ¥229K/m²63
Yamaguchi ¥30K/m²$18/sq ft 2.0x+0.3%+0.3% ¥210K/m²35
Japan ¥120K/m²$70/sq ft 0.52x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 2 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
山口県 岩国市昭和町1丁目90番7
Land Price Publication 2026
Commercial¥89K/m²$52/sq ft +1.4%岩国
170 m
山口県 岩国市昭和町2丁目15番12
Land Price Publication 2026
Residential¥62K/m²$37/sq ft +2.3%岩国
650 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 7 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
¥25.0M
Land per m² (median)
—

Sales in the loaded period: Land & building 5 · Pre-owned condo 4 · Land 4

DistrictPeriodTypePriceAreaBuiltPer m²
ShowamachiQ2 2026Pre-owned condo ¥31.0M65 m²2019¥477K/m²
ShowamachiQ1 2026Land ¥38.0M330 m²—¥120K/m²
ShowamachiQ1 2026Land ¥42.0M350 m²—¥120K/m²
ShowamachiQ3 2025Pre-owned condo (contract) ¥32.0M85 m²2019¥376K/m²
ShowamachiQ2 2025Land & building ¥25.0M320 m²1995—
ShowamachiQ2 2025Land & building ¥15.0M195 m²1995—
ShowamachiQ1 2025Land & building ¥38.0M130 m²——
ShowamachiQ4 2024Land & building ¥9.5M195 m²——
ShowamachiQ2 2024Pre-owned condo (contract) ¥28.0M65 m²2019¥431K/m²
ShowamachiQ2 2024Pre-owned condo ¥28.0M60 m²2019¥467K/m²
ShowamachiQ2 2024Land ¥10.0M135 m²—¥75K/m²
ShowamachiQ1 2024Land & building ¥3.0M100 m²1979—
ShowamachiQ1 2024Land ¥7.0M120 m²—¥58K/m²

Nearby neighborhoods

FAQ

What is the average land price in Showamachi, Iwakuni City?

The average price of residential land in Showamachi, Iwakuni City is ¥62,200 per m² (about ¥205,620 per tsubo), based on 1 sites in the official land price surveys (2026).

Are land prices in Showamachi, Iwakuni City going up?

Land prices in Showamachi, Iwakuni City have risen by +1.8% on average over the past year. Over five years the change is +8.1%.

What is the land price forecast for Showamachi, Iwakuni City?

The Fudosan Zukan model projects residential land prices to change by +1.3% a year, reaching about ¥70,883 per m² in 10 years (range ¥58,124–¥83,642). Forecasts are projections, not guarantees.

Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥157.9 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.