Nishikokura Home average value

Price 40,363,333 JPY
  (175,919 JPY/sq.m)
- Age 23.9 years old
- Dist. from Sta. 21.8 min walk
- Property area 298.6 sq.m
- Total floor area 241.2 sq.m

The average price of a sq.m Home of Fukuka JR Kagoshima Main Line Nishikokura, in 2017 was 251,282 JPY/sq.m. The market value represents an increase of 102,064 JPY (+68.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 6.8 years old (a -83.6% decrease compared to the 41.3 years old of last year.). The average size of the real estate was 355.0 sq.m (a +44.2% increase compared to the 246.2 sq.m of last year.). The average total floor space of the real estate was 275.0 sq.m (a -8.3% decrease compared to the 300.0 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 decrease in average age of the building (representing 41.3 years old in 2016 and 6.8 years old in 2017; -83.6%)
  • An decrease in average distance from the station (representing 24.5 min in 2016 and 21.0 min in 2017; -14.3%)
Data regarding the market value and its changes of Home in Nishikokura were calculated using data on the sales of 60 properties provided by the MLIT Japan.

Nishikokura Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
高峰町43,000,000 JPY473,828 JPY/sq.mNishikokura25 min
日明8,500,000 JPY127,722 JPY/sq.mNishikokura23 min
日明95,000,000 JPY209,365 JPY/sq.mNishikokura24 min

JR Kagoshima Main Line Railway market report

2017. Jan - Dec
 406 tradings
2016. Jan - Dec
 1,006 tradings
2015. Jan - Dec
 747 tradings
2014. Jan - Dec
 698 tradings
4Q
106
3Q
179
2Q
35
1Q
86
4Q
276
3Q
228
2Q
297
1Q
205
4Q
121
3Q
234
2Q
155
1Q
237
4Q
129
3Q
210
2Q
156
1Q
203

Home 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 Home 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 New273,522 JPY/sq.m100 %
Residual Value (10 Years)211,941 JPY/sq.m77 %
Residual Value (20 Years)168,489 JPY/sq.m62 %
Residual Value (20 Years)143,166 JPY/sq.m52 %
Color:
Unit:   Touch:
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 Nishikokura Home market value

We can calculate market values for Home 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 Fukuka JR Kagoshima Main Line Nishikokura Home 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 Home sales data, with similarly entered ages, area, and distances from station are as follows.

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1. Fukuka Kitakyushu-Shi Kokurakita-Ku 日明Kitakyushu-Shi Nishikokura 23.0 min walk)
30.5 years old , Area: 200 sq.m , Total floor area: 220 sq.m , Structure: 木造
- Trading date: 2012-09-01T00:00:00Z
Trading price:   8,500,000 JPY,    Unit price:   38,636 JPY/sq.m
2. Fukuka Kitakyushu-Shi Kokurakita-Ku 下到津Kitakyushu-Shi Nishikokura 30.0 min walk)
28.5 years old , Area: 140 sq.m , Total floor area: 100 sq.m , Structure: 木造
- Trading date: 2009-09-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   150,000 JPY/sq.m
3. Fukuka Kitakyushu-Shi Kokurakita-Ku 熊谷Kitakyushu-Shi Nishikokura 23.0 min walk)
34.3 years old , Area: 135 sq.m , Total floor area: 80 sq.m , Structure: 木造
- Trading date: 2014-06-01T00:00:00Z
Trading price:   5,700,000 JPY,    Unit price:   71,250 JPY/sq.m
4. Fukuka Kitakyushu-Shi Kokurakita-Ku 板櫃町Kitakyushu-Shi Nishikokura 23.0 min walk)
21.0 years old , Area: 150 sq.m , Total floor area: 75 sq.m , Structure: 木造
- Trading date: 2008-03-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   226,666 JPY/sq.m
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- 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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Home market value trends

Market value trends for Home are as follows.

Data:
Unit:   Touch:

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 decrease in average age of the building (representing 41.3 years old in 2016 and 6.8 years old in 2017; -83.6%)
  • An decrease in average distance from the station (representing 24.5 min in 2016 and 21.0 min in 2017; -14.3%)
The table below shows Home dealt in Fukuka JR Kagoshima Main Line Nishikokura, 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 Nishikokura

    The closest areas in terms of Home 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 Kagoshima Main Line Orio (564) [Stations]22,000,000168,58522.0 yrs30 min210 sq.m
    JR Kagoshima Main Line Kashii (240) [Stations]29,000,000201,02026.0 yrs15 min200 sq.m
    JR Kagoshima Main Line Kurosaki (439) [Stations]27,000,000147,82620.5 yrs18 min190 sq.m
    JR JR Kagoshima Main Line (10,194) [Stations]20,000,000147,36824.5 yrs18 min220 sq.m
    JR Kagoshima Main Line Moji (427) [Stations]20,000,000138,09527.2 yrs25 min210 sq.m
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