JR Nippō Main Line Apartment average value
Price 15,629,487 JPY
- Age 19.8 years old
- Dist. from Sta. 18.4 min walk
- Property area 58.9 sq.m
The average price of a sq.m Apartment of Kagoshima JR JR Nippō Main Line, in 2017 was 194,925 JPY/sq.m. The market value represents a decrease of 48,284 JPY (-19.9%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 40 (-85.1%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 26.0 years old (a +32.9% increase compared to the 19.6 years old of last year.). The average size of the real estate was 45.7 sq.m (a -21.6% decrease compared to the 58.3 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.
Causes of price decreases
- A dramatic increase in average age of the building (representing 19.6 years old in 2016 and 26.0 years old in 2017; +32.9%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 43.6% of total transactions in 2016 and 71.4% of total transactions in 2017)
JR Nippō Main Line Apartment market value list
|Stations||Average Trading Price||Average Unit Price|
|Kirishimajinnguu||12,250,000 JPY||140,636 JPY/sq.m|
|Kokubu||18,027,778 JPY||224,864 JPY/sq.m|
|Kagoshima||17,395,652 JPY||239,108 JPY/sq.m|
|Kagoshima-Chuo||15,177,953 JPY||245,402 JPY/sq.m|