Goino Home average value

Price 17,100,000 JPY
  (122,209 JPY/sq.m)
- Age 24.3 years old
- Dist. from Sta. 58.5 min walk
- Property area 478.0 sq.m
- Total floor area 210.3 sq.m

The average price of a sq.m Home of Kagoshima JR Ibusuki Makurazaki Line Goino, in 2016 was 80,378 JPY/sq.m. The market value represents a decrease of 85,863 JPY (-51.6%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 7 (+116.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.1 years old (a +95.3% increase compared to the 15.9 years old of last year.). The average size of the real estate was 536.9 sq.m (a +57.5% increase compared to the 340.8 sq.m of last year.). The average total floor space of the real estate was 262.5 sq.m (a +170.6% increase compared to the 97.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.9 years old in 2015 and 31.1 years old in 2016; +95.3%)
  • A dramatic increase in average distance from the station (representing 15.8 min in 2015 and 87.5 min in 2016; +452.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 40.0% of total transactions in 2016)
Data regarding the market value and its changes of Home in Goino were calculated using data on the sales of 62 properties provided by the MLIT Japan.

Goino Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
七ツ島28,000,000 JPY560,979 JPY/sq.mGoino21 min
七ツ島35,000,000 JPY180,783 JPY/sq.mGoino24 min
七ツ島85,000,000 JPY346,902 JPY/sq.mGoino24 min
七ツ島60,000,000 JPY233,349 JPY/sq.mGoino24 min
平川町5,600,000 JPY246,830 JPY/sq.mGoino20 min
平川町11,000,000 JPY234,602 JPY/sq.mGoino20 min
平川町12,000,000 JPY360,628 JPY/sq.mGoino19 min

JR Ibusuki Makurazaki Line Railway market report

2017. Jan - Dec
 66 tradings
2016. Jan - Dec
 339 tradings
2015. Jan - Dec
 192 tradings
2014. Jan - Dec
 135 tradings
4Q
1
3Q
36
2Q
11
1Q
18
4Q
70
3Q
70
2Q
125
1Q
74
4Q
19
3Q
68
2Q
15
1Q
90
4Q
12
3Q
56
2Q
9
1Q
58

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 New231,602 JPY/sq.m100 %
Residual Value (10 Years)156,488 JPY/sq.m68 %
Residual Value (20 Years)104,886 JPY/sq.m45 %
Residual Value (20 Years)76,796 JPY/sq.m33 %
Color:
Unit:   Touch:


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Home value Age transition. Market values in terms of Age.

Home 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 Goino 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 Kagoshima JR Ibusuki Makurazaki Line Goino 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. Kagoshima Kagoshima-Shi 平川町Kagoshima-Shi Goino 16.0 min walk)
28.5 years old , Area: 230 sq.m , Total floor area: 170 sq.m , Structure: 木造
- Trading date: 2007-09-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   76,470 JPY/sq.m

2. Kagoshima Kagoshima-Shi 平川町Kagoshima-Shi Goino 19.0 min walk)
24.4 years old , Area: 190 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2013-06-01T00:00:00Z

Trading price:   12,000,000 JPY,    Unit price:   109,090 JPY/sq.m

3. Kagoshima Kagoshima-Shi 下福元町Kagoshima-Shi Goino 29.0 min walk)
34.8 years old , Area: 330 sq.m , Total floor area: 115 sq.m , Structure: 木造
- Trading date: 2013-12-01T00:00:00Z

Trading price:   6,500,000 JPY,    Unit price:   56,521 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:


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Home market value trends Market value trends for Home.

Home market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.9 years old in 2015 and 31.1 years old in 2016; +95.3%)
  • A dramatic increase in average distance from the station (representing 15.8 min in 2015 and 87.5 min in 2016; +452.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 40.0% of total transactions in 2016)
The table below shows Home dealt in Kagoshima JR Ibusuki Makurazaki Line Goino, 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 Goino

    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 Ibusuki Makurazaki Line Kiire (29) [Stations]13,000,000109,84119.3 yrs19 min390 sq.m
    JR Ibusuki Makurazaki Line Hirakawa (10) [Stations]9,150,00082,41520.7 yrs30 min210 sq.m
    JR Ibusuki Makurazaki Line Ibusuki (70) [Stations]9,350,00081,73125.0 yrs12 min275 sq.m
    JR JR Ibusuki Makurazaki Line (2,972) [Stations]23,000,000166,66626.7 yrs21 min190 sq.m
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