JR Ibusuki Makurazaki Line Apartment average value

Price 15,180,952 JPY
  (234,458 JPY/sq.m)
- Age 21.1 years old
- Dist. from Sta. 18.0 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 174,423 JPY/sq.m. The market value represents a decrease of 73,089 JPY (-29.5%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 42 (-79.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.3 years old (a +37.3% increase compared to the 19.9 years old of last year.). The average size of the real estate was 48.6 sq.m (a -13.6% decrease compared to the 56.3 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 near to the station less than three minutes by foot from the station (representing 3.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.9 years old in 2016 and 27.3 years old in 2017; +37.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2016 and 72.7% 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 824 properties provided by the MLIT Japan.

JR Ibusuki Makurazaki Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Kagoshima-Chuo15,177,953 JPY245,402 JPY/sq.m
Korimoto16,731,372 JPY220,514 JPY/sq.m
Minamikagoshima14,500,000 JPY201,694 JPY/sq.m
Usuki14,318,518 JPY211,507 JPY/sq.m
Taniyama14,057,708 JPY197,103 JPY/sq.m
Jigennji15,250,000 JPY216,190 JPY/sq.m

JR Ibusuki Makurazaki Line Railway market report

2017. Jan Jun
 11 tradings
2016. Jan Sep
 53 tradings
2015. Jan Dec
 44 tradings
2014. Jan Dec
 48 tradings
2013. Jan Dec
 85 tradings
--2Q
1
--3Q
11
2Q
20
1Q
22
4Q
6
3Q
12
2Q
5
1Q
21
4Q
10
3Q
16
2Q
8
1Q
14
4Q
21
3Q
21
2Q
22
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 New432,057 JPY/sq.m100 %
Residual Value (10 Years)323,164 JPY/sq.m75 %
Residual Value (20 Years)234,806 JPY/sq.m54 %
Residual Value (20 Years)166,986 JPY/sq.m39 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Kagoshima JR JR Ibusuki Makurazaki Line Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{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 Ibusuki Makurazaki 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 relatively old buildings under 40 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.9 years old in 2016 and 27.3 years old in 2017; +37.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2016 and 72.7% 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 (959) [Stations]17,000,000230,00019.4 yrs18 min70 sq.m
JR JR Kagoshima Main Line (629) [Stations]17,000,000240,00019.8 yrs19 min70 sq.m
JR JR Nippō Main Line (649) [Stations]17,000,000241,42818.6 yrs19 min70 sq.m
JR Nippō Main Line Kagoshima-Chuo (520) [Stations]16,000,000242,85720.3 yrs20 min70 sq.m
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