JR Nara Line Apartment average value

Price 15,800,000 JPY
  (308,476 JPY/sq.m)
- Age 17.6 years old
- Dist. from Sta. 7.3 min walk
- Property area 55.3 sq.m

The average price of a sq.m Apartment of Kyoto JR JR Nara Line, in 2017 was 385,714 JPY/sq.m. The market value represents an increase of 83,711 JPY (+27.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 66 (-98.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 6.0 years old (a -68.6% decrease compared to the 19.2 years old of last year.). The average size of the real estate was 70.0 sq.m (a +22.5% increase compared to the 57.2 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.2 years old in 2016 and 6.0 years old in 2017; -68.6%)
  • A dramatic decrease in average distance from the station (representing 6.9 min in 2016 and 2.0 min in 2017; -71.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 17.9% of total transactions in 2016 and 100.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in JR Nara Line were calculated using data on the sales of 726 properties provided by the MLIT Japan.

JR Nara Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Kidu10,604,546 JPY149,830 JPY/sq.m
Tamamizu6,822,222 JPY99,321 JPY/sq.m
Jouyou16,214,286 JPY242,936 JPY/sq.m
Shinndenn11,587,500 JPY172,548 JPY/sq.m
JR-Ogura16,100,000 JPY225,487 JPY/sq.m
Uji14,310,000 JPY225,105 JPY/sq.m
Oubaku12,555,556 JPY197,489 JPY/sq.m
Kohata14,259,524 JPY202,768 JPY/sq.m
Rokujizo21,349,057 JPY301,268 JPY/sq.m
Momoyama26,342,857 JPY377,984 JPY/sq.m
Toufukuji5,030,769 JPY245,500 JPY/sq.m
Kyoto19,226,000 JPY535,379 JPY/sq.m

JR Nara Line Railway market report

2017. Jan Mar
 1 tradings
2016. Jan Dec
 67 tradings
2015. Jan Dec
 56 tradings
2014. Jan Dec
 50 tradings
2013. Jan Dec
 86 tradings
---1Q
1
4Q
12
3Q
9
2Q
29
1Q
17
4Q
17
3Q
17
2Q
11
1Q
11
4Q
9
3Q
13
2Q
9
1Q
19
4Q
18
3Q
27
2Q
20
1Q
21
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Apartment value Age transition

Market values (unit price: sq.m, m2) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
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AgeTrading PriceProportion
Price at New512,183 JPY/sq.m100 %
Residual Value (10 Years)355,946 JPY/sq.m69 %
Residual Value (20 Years)247,954 JPY/sq.m48 %
Residual Value (20 Years)188,209 JPY/sq.m37 %
Color:

Unit:
Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate JR Nara Line Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Kyoto JR JR Nara Line Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in JR Nara Line

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Apartment market value trends

Market value trends for Apartment are as follows.

Data:

Unit:

Breakdown of each segment

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

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.2 years old in 2016 and 6.0 years old in 2017; -68.6%)
  • A dramatic decrease in average distance from the station (representing 6.9 min in 2016 and 2.0 min in 2017; -71.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 17.9% of total transactions in 2016 and 100.0% of total transactions in 2017)
The table below shows Apartment dealt in Kyoto JR JR Nara Line, 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:

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Area close to the price in JR Nara Line

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
JR JR San-in Main Line (923) [Stations]16,000,000327,27219.8 yrs7 min55 sq.m
JR (2,523) [Stations]15,000,000277,77718.9 yrs8 min60 sq.m
JR Biwako Line Yamashina (137) [Stations]23,000,000342,85717.3 yrs8 min65 sq.m
JR Kosei Line Yamashina (137) [Stations]23,000,000342,85717.3 yrs8 min65 sq.m
JR San-in Main Line Uzumasa (47) [Stations]17,000,000263,33316.3 yrs7 min65 sq.m
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