JR Nippō Main Line Apartment average value

Price 15,629,487 JPY
  (243,535 JPY/sq.m)
- 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)
Data regarding the market value and its changes of Apartment in JR Nippō Main Line were calculated using data on the sales of 649 properties provided by the MLIT Japan.

JR Nippō Main Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Kirishimajinnguu12,250,000 JPY140,636 JPY/sq.m
Kokubu18,027,778 JPY224,864 JPY/sq.m
Kagoshima17,395,652 JPY239,108 JPY/sq.m
Kagoshima-Chuo15,177,953 JPY245,402 JPY/sq.m

JR Nippō Main Line Railway market report

2017 2016. Jan Sep
 47 tradings
2015. Jan Dec
 40 tradings
2014. Jan Dec
 33 tradings
2013. Jan Dec
 75 tradings
-3Q
12
2Q
17
1Q
18
4Q
7
3Q
8
2Q
4
1Q
21
4Q
7
3Q
12
2Q
4
1Q
10
4Q
19
3Q
12
2Q
23
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 New397,303 JPY/sq.m100 %
Residual Value (10 Years)320,544 JPY/sq.m81 %
Residual Value (20 Years)245,561 JPY/sq.m62 %
Residual Value (20 Years)172,355 JPY/sq.m43 %
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 Nippō Main 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 Nippō Main 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 Nippō Main 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.

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)
The table below shows Apartment dealt in Kagoshima JR JR Nippō Main 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 Nippō Main 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 (520) [Stations]16,000,000242,85720.3 yrs20 min70 sq.m
JR Ibusuki Makurazaki Line Kagoshima-Chuo (520) [Stations]16,000,000242,85720.3 yrs20 min70 sq.m
JR Kagoshima Main Line Kagoshima-Chuo (520) [Stations]16,000,000242,85720.3 yrs20 min70 sq.m
JR JR Kagoshima Main Line (629) [Stations]17,000,000240,00019.8 yrs19 min70 sq.m
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