JR Ibusuki Makurazaki Line Apartment average value

Price 15,915,385 JPY
  (242,359 JPY/sq.m)
- Age 21.0 years old
- Dist. from Sta. 17.8 min walk
- Property area 59.9 sq.m

The average price of a sq.m Apartment of Kagoshima JR JR Ibusuki Makurazaki Line, in 2017 was 203,944 JPY/sq.m. The market value represents a decrease of 48,831 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents a decrease of 51 (-78.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.7 years old (a +30.9% increase compared to the 19.6 years old of last year.). The average size of the real estate was 50.0 sq.m (a -14.9% decrease compared to the 58.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.5% of total transactions in 2016 and 7.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.6 years old in 2016 and 25.7 years old in 2017; +30.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2016 and 66.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in JR Ibusuki Makurazaki Line were calculated using data on the sales of 837 properties provided by the MLIT Japan.

JR Ibusuki Makurazaki Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Kagoshima-Chuo16,034,952 JPY248,736 JPY/sq.m
Korimoto16,731,372 JPY220,514 JPY/sq.m
Minamikagoshima15,871,429 JPY225,011 JPY/sq.m
Usuki14,103,571 JPY210,540 JPY/sq.m
Taniyama14,057,708 JPY197,103 JPY/sq.m
Jigennji15,250,000 JPY216,190 JPY/sq.m

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.)
AgeTrading PriceProportion
Price at New436,419 JPY/sq.m100 %
Residual Value (10 Years)333,798 JPY/sq.m76 %
Residual Value (20 Years)245,844 JPY/sq.m56 %
Residual Value (20 Years)172,557 JPY/sq.m40 %
Color:
Unit:   Touch:



Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

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 Ibusuki Makurazaki 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 JR Ibusuki Makurazaki 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

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

1. Kagoshima Kagoshima-Shi 樋之口町Kagoshima-Shi Kagoshima-Chuo 19.0 min walk)
19.4 years old , Area: 80 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2008-06-01T00:00:00Z

Trading price:   17,000,000 JPY,    Unit price:   212,500 JPY/sq.m

2. Kagoshima Kagoshima-Shi 樋之口町Kagoshima-Shi Kagoshima-Chuo 19.0 min walk)
20.2 years old , Area: 80 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2009-03-01T00:00:00Z

Trading price:   17,000,000 JPY,    Unit price:   212,500 JPY/sq.m

3. Kagoshima Kagoshima-Shi 樋之口町Kagoshima-Shi Kagoshima-Chuo 19.0 min walk)
20.4 years old , Area: 80 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-06-01T00:00:00Z

Trading price:   17,000,000 JPY,    Unit price:   212,500 JPY/sq.m

4. Kagoshima Kagoshima-Shi 唐湊Kagoshima-Shi Korimoto 18.0 min walk)
20.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-06-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   257,142 JPY/sq.m

5. Kagoshima Kagoshima-Shi 樋之口町Kagoshima-Shi Kagoshima-Chuo 19.0 min walk)
20.9 years old , Area: 60 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-12-01T00:00:00Z

Trading price:   1,200,000 JPY,    Unit price:   20,000 JPY/sq.m

6. Kagoshima Kagoshima-Shi 照国町Kagoshima-Shi Kagoshima-Chuo 21.0 min walk)
19.5 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01T00:00:00Z

Trading price:   20,000,000 JPY,    Unit price:   266,666 JPY/sq.m

7. Kagoshima Kagoshima-Shi 西千石町Kagoshima-Shi Kagoshima-Chuo 17.0 min walk)
21.3 years old , Area: 80 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2009-06-01T00:00:00Z

Trading price:   21,000,000 JPY,    Unit price:   262,500 JPY/sq.m

8. Kagoshima Kagoshima-Shi 下荒田Kagoshima-Shi Kagoshima-Chuo 21.0 min walk)
21.5 years old , Area: 80 sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2009-09-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   175,000 JPY/sq.m

9. Kagoshima Kagoshima-Shi 平之町Kagoshima-Shi Kagoshima-Chuo 16.0 min walk)
20.3 years old , Area: 65 sq.m , Layout: 1LDK , Structure: SRC
- Trading date: 2018-06-01T00:00:00Z

Trading price:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

10. Kagoshima Kagoshima-Shi 唐湊Kagoshima-Shi Kagoshima-Chuo 20.0 min walk)
16.8 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2012-12-01T00:00:00Z

Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m

11. Kagoshima Kagoshima-Shi 鴨池新町Kagoshima-Shi Minamikagoshima 19.0 min walk)
22.8 years old , Area: 80 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   225,000 JPY/sq.m

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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:   Touch:



Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.5% of total transactions in 2016 and 7.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.6 years old in 2016 and 25.7 years old in 2017; +30.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2016 and 66.7% of total transactions in 2017)
The table below shows Apartment dealt in Kagoshima JR JR Ibusuki Makurazaki 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 Ibusuki Makurazaki 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 Nippō Main Line Kagoshima-Chuo (532) [Stations]18,000,000242,85720.0 yrs19 min70 sq.m
    JR Ibusuki Makurazaki Line Kagoshima-Chuo (532) [Stations]18,000,000242,85720.0 yrs19 min70 sq.m
    JR Kagoshima Main Line Kagoshima-Chuo (532) [Stations]18,000,000242,85720.0 yrs19 min70 sq.m
    JR Ibusuki Makurazaki Line Minamikagoshima (170) [Stations]18,000,000246,15319.0 yrs15 min70 sq.m
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