The average price of a sq.m Apartment of Ehime Iyo Railway Iyotetsu Johoku Line, in 2016 was 150,008 JPY/sq.m. The market value represents an increase of 9,798 JPY (+7.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents a decrease of 2 (-8.7%) compared to 1 year ago and a transition to a bear market.).
The average age of the real estate was 23.4 years old (a -4.5% decrease compared to the 24.5 years old of last year.). The average size of the real estate was 45.7 sq.m (a -7.0% decrease compared to the 49.1 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.
Cause of price increases
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 69.6% of total transactions in 2015 and 55.6% of total transactions in 2016)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 7.5 min in 2015 and 10.3 min in 2016; +37.7%)
- A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 26.1% of total transactions in 2015 and 20.0% of total transactions in 2016)
The highest Apartment market value is Komachi at 246,153 JPY/sq.m. On the other hand, those with the lowest market value is Takasagochou at 106,666 JPY/sq.m.
Data regarding the market value and its changes of Apartment in Iyotetsu Johoku Line were calculated using data on the sales of 233 properties provided by the MLIT Japan.