JR Sanyo Main Line Apartment average value

Price 13,864,255 JPY
  (182,927 JPY/sq.m)
- Age 17.8 years old
- Dist. from Sta. 15.5 min walk
- Property area 74.0 sq.m

The average price of a sq.m Apartment of Yamaguchi JR JR Sanyo Main Line, in 2017 was 203,127 JPY/sq.m. The market value represents an increase of 15,441 JPY (+8.2%) compared to 1 year ago and a transition to a strong market. 10 properties exchanged hands ( The market value represents a decrease of 70 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.1 years old (a -7.4% decrease compared to the 18.5 years old of last year.). The average size of the real estate was 69.5 sq.m (a -7.3% decrease compared to the 74.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty 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 20.0% of total transactions in 2016 and 30.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 34.2% of total transactions in 2016 and 44.4% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in JR Sanyo Main Line were calculated using data on the sales of 904 properties provided by the MLIT Japan.

JR Sanyo Main 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
Tokuyama11,555,000 JPY165,610 JPY/sq.m
Shinnnannyou15,020,833 JPY199,228 JPY/sq.m
Houfu13,636,066 JPY186,702 JPY/sq.m
Shin-Yamaguchi16,609,091 JPY203,837 JPY/sq.m
Choufu11,463,636 JPY156,493 JPY/sq.m
Shin-Shimonoseki15,442,105 JPY195,791 JPY/sq.m
Hatabu12,626,667 JPY162,528 JPY/sq.m
Shimonoseki14,598,806 JPY184,000 JPY/sq.m

JR Sanyo Main Line Railway market report

2017. Jan Mar
 10 tradings
2016. Jan Dec
 80 tradings
2015. Jan Dec
 82 tradings
2014. Jan Dec
 63 tradings
2013. Jan Dec
 97 tradings
---1Q
10
4Q
25
3Q
18
2Q
20
1Q
17
4Q
13
3Q
19
2Q
28
1Q
22
4Q
16
3Q
12
2Q
15
1Q
20
4Q
31
3Q
16
2Q
24
1Q
26
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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 New321,864 JPY/sq.m100 %
Residual Value (10 Years)231,346 JPY/sq.m72 %
Residual Value (20 Years)163,003 JPY/sq.m51 %
Residual Value (20 Years)116,836 JPY/sq.m36 %
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
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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 Sanyo 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 Yamaguchi JR JR Sanyo Main 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 Sanyo 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 locations relatively far from the station less than twenty 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 20.0% of total transactions in 2016 and 30.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 34.2% of total transactions in 2016 and 44.4% of total transactions in 2017)
The table below shows Apartment dealt in Yamaguchi JR JR Sanyo 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 Sanyo 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 Gantoku Line Kushigahama (12) [Stations]12,000,000184,61514.1 yrs13 min67 sq.m
JR Sanyo Main Line Kushigahama (12) [Stations]12,000,000184,61514.1 yrs13 min67 sq.m
JR (1,256) [Stations]14,000,000177,12317.8 yrs11 min72 sq.m
JR JR Yamaguchi Line (225) [Stations]14,000,000176,97316.0 yrs11 min75 sq.m
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