JR Gantoku Line Apartment average value

Price 12,110,714 JPY
  (177,131 JPY/sq.m)
- Age 19.0 years old
- Dist. from Sta. 6.9 min walk
- Property area 67.1 sq.m

The average price of a sq.m Apartment of Yamaguchi JR JR Gantoku Line, in 2017 was 228,730 JPY/sq.m. The market value represents an increase of 54,812 JPY (+31.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a -6.5% decrease compared to the 20.3 years old of last year.). The average size of the real estate was 68.3 sq.m (a -4.7% decrease compared to the 71.7 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 decrease in average distance from the station (representing 7.6 min in 2016 and 5.7 min in 2017; -25.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 44.4% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 55.6% 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 Gantoku Line were calculated using data on the sales of 123 properties provided by the MLIT Japan.

JR Gantoku Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Iwakuni12,110,714 JPY177,131 JPY/sq.m
Kushigahama14,616,667 JPY195,796 JPY/sq.m

JR Gantoku Line Railway market report

2017. Jan Mar
 3 tradings
2016. Jan Dec
 9 tradings
2015. Jan Dec
 5 tradings
2014. Jan Sep
 5 tradings
2013. Jan Dec
 11 tradings
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3Q
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-1Q
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-3Q
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-1Q
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-3Q
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2Q
2
1Q
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4Q
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3Q
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2Q
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1Q
2
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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 New192,884 JPY/sq.m100 %
Residual Value (10 Years)225,575 JPY/sq.m117 %
Residual Value (20 Years)178,526 JPY/sq.m93 %
Residual Value (20 Years)51,737 JPY/sq.m27 %
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 Gantoku 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 Yamaguchi JR JR Gantoku 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 Gantoku 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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.6 min in 2016 and 5.7 min in 2017; -25.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 44.4% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 55.6% of total transactions in 2016 and 66.7% of total transactions in 2017)
The table below shows Apartment dealt in Yamaguchi JR JR Gantoku 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 Gantoku 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 Gantoku Line Iwakuni (111) [Stations]13,000,000176,47019.6 yrs6 min67 sq.m
JR Sanyo Main Line Iwakuni (111) [Stations]13,000,000176,47019.6 yrs6 min67 sq.m
JR Sanyo Main Line Shin-Shimonoseki (107) [Stations]16,000,000200,00017.3 yrs7 min80 sq.m
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