JR Apartment average value

Price 15,828,324 JPY
  (238,029 JPY/sq.m)
- Age 20.6 years old
- Dist. from Sta. 17.0 min walk
- Property area 61.5 sq.m

The average price of a sq.m Apartment of Kagoshima JR, in 2017 was 208,340 JPY/sq.m. The market value represents a decrease of 40,934 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 17 properties exchanged hands ( The market value represents a decrease of 59 (-77.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.8 years old (a +31.7% increase compared to the 18.8 years old of last year.). The average size of the real estate was 55.3 sq.m (a -10.5% decrease compared to the 61.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

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 2.6% of total transactions in 2016 and 11.8% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.8 years old in 2016 and 24.8 years old in 2017; +31.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.4% of total transactions in 2016 and 64.3% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in JR were calculated using data on the sales of 981 properties provided by the MLIT Japan.

JR Apartment market value list

StationsAverage Trading PriceAverage Unit Price
JR Ibusuki Makurazaki Line15,915,385 JPY242,359 JPY/sq.m
JR Nippō Main Line15,901,515 JPY241,874 JPY/sq.m
JR Kagoshima Main Line15,846,825 JPY243,799 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 New403,937 JPY/sq.m100 %
Residual Value (10 Years)319,088 JPY/sq.m79 %
Residual Value (20 Years)241,269 JPY/sq.m60 %
Residual Value (20 Years)170,482 JPY/sq.m42 %
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 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 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 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

2. 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

3. 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

4. Kagoshima Kagoshima-Shi 池之上町Kagoshima-Shi Kagoshima 15.0 min walk)
17.8 years old , Area: 70 sq.m , Layout: 4DK , Structure: RC
- Trading date: 2012-12-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   214,285 JPY/sq.m

5. Kagoshima Kagoshima-Shi 新照院町Kagoshima-Shi Kagoshima-Chuo 14.0 min walk)
18.3 years old , Area: 60 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2008-06-01T00:00:00Z

Trading price:   10,000,000 JPY,    Unit price:   166,666 JPY/sq.m

6. Kagoshima Kagoshima-Shi 池之上町Kagoshima-Shi Kagoshima 15.0 min walk)
17.5 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

7. Kagoshima Kagoshima-Shi 東郡元町Kagoshima-Shi Minamikagoshima 15.0 min walk)
17.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01T00:00:00Z

Trading price:   15,000,000 JPY,    Unit price:   214,285 JPY/sq.m

8. 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

9. 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

10. 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

11. Kagoshima Kagoshima-Shi 谷山中央Kagoshima-Shi Jigennji 13.0 min walk)
18.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01T00:00:00Z

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

12. Kagoshima Kagoshima-Shi 池之上町Kagoshima-Shi Kagoshima 14.0 min walk)
17.3 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

13. Kagoshima Kagoshima-Shi 池之上町Kagoshima-Shi Kagoshima 14.0 min walk)
17.3 years old , Area: 70 sq.m , Layout: 4DK , Structure: RC
- Trading date: 2012-06-01T00:00:00Z

Trading price:   9,500,000 JPY,    Unit price:   135,714 JPY/sq.m

14. 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

15. Kagoshima Kagoshima-Shi 池之上町Kagoshima-Shi Kagoshima 14.0 min walk)
21.9 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-12-01T00:00:00Z

Trading price:   8,600,000 JPY,    Unit price:   143,333 JPY/sq.m

16. Kagoshima Kagoshima-Shi 清水町Kagoshima-Shi Kagoshima 18.0 min walk)
16.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   240,000 JPY/sq.m

17. Kagoshima Kagoshima-Shi 新照院町Kagoshima-Shi Kagoshima-Chuo 15.0 min walk)
22.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-12-01T00:00:00Z

Trading price:   16,000,000 JPY,    Unit price:   213,333 JPY/sq.m

18. Kagoshima Kagoshima-Shi 清水町Kagoshima-Shi Kagoshima 16.0 min walk)
16.0 years old , Area: 80 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-03-01T00:00:00Z

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

19. Kagoshima Kagoshima-Shi 谷山中央Kagoshima-Shi Jigennji 13.0 min walk)
17.0 years old , Area: 70 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-03-01T00:00:00Z

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

20. Kagoshima Kagoshima-Shi 新照院町Kagoshima-Shi Kagoshima-Chuo 14.0 min walk)
16.3 years old , Area: 75 sq.m , Layout: 2LDK
- Trading date: 2007-06-01T00:00:00Z

Trading price:   18,000,000 JPY,    Unit price:   240,000 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 locations relatively near to the station less than six minutes by foot from the station.

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 2.6% of total transactions in 2016 and 11.8% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.8 years old in 2016 and 24.8 years old in 2017; +31.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.4% of total transactions in 2016 and 64.3% of total transactions in 2017)
The table below shows Apartment dealt in Kagoshima JR, 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

    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
    Shinkansen (537) [Stations]17,500,000238,09519.8 yrs19 min70 sq.m
    Shinkansen Kyushu Shinkansen (537) [Stations]17,500,000238,09519.8 yrs19 min70 sq.m
    Kyushu Shinkansen Kagoshima-Chuo (532) [Stations]18,000,000242,85720.0 yrs19 min70 sq.m
    JR JR Ibusuki Makurazaki Line (837) [Stations]18,000,000242,85719.6 yrs19 min70 sq.m
    JR Nippō Main Line Kagoshima-Chuo (532) [Stations]18,000,000242,85720.0 yrs19 min70 sq.m
    Kagoshima-Shi (1,027) [Area]17,000,000238,09519.6 yrs16 min70 sq.m
    Kagoshima (1,067) [Area]17,000,000231,66619.1 yrs16 min70 sq.m
    Kagoshima-Shi 紫原 (24) [Area]14,000,000200,00021.9 yrs14 min70 sq.m
    Kagoshima-Shi 池之上町 (8) [Area]14,000,000200,00017.4 yrs14 min67 sq.m
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