Makurazaki Home average value

Price 8,955,172 JPY
  (65,287 JPY/sq.m)
- Age 32.1 years old
- Dist. from Sta. 28.9 min walk
- Property area 378.3 sq.m
- Total floor area 135.0 sq.m

The average price of a sq.m Home of Kagoshima JR Ibusuki Makurazaki Line Makurazaki, in 2017 was 57,966 JPY/sq.m. The market value represents a decrease of 19,707 JPY (-25.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.5 years old (a -2.5% decrease compared to the 29.3 years old of last year.). The average size of the real estate was 165.0 sq.m (a -49.2% decrease compared to the 325.0 sq.m of last year.). The average total floor space of the real estate was 102.5 sq.m (a -2.4% decrease compared to the 105.0 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 distance from the station (representing 24.9 min in 2016 and 15.0 min in 2017; -39.8%)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 36.4% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Makurazaki were calculated using data on the sales of 95 properties provided by the MLIT Japan.

Makurazaki Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
栄中町2,400,000 JPY122,060 JPY/sq.mMakurazaki14 min
中町3,900,000 JPY95,498 JPY/sq.mMakurazaki10 min
高見町3,500,000 JPY136,119 JPY/sq.mMakurazaki11 min
旭町9,000,000 JPY350,023 JPY/sq.mMakurazaki11 min
桜木町3,700,000 JPY163,084 JPY/sq.mMakurazaki14 min
新町1,800,000 JPY85,005 JPY/sq.mMakurazaki12 min

JR Ibusuki Makurazaki Line Railway market report

2018 2017. Jan - Jun
 29 tradings
2016. Jan - Sep
 269 tradings
2015. Jan - Dec
 192 tradings
2014. Jan - Dec
 135 tradings
--2Q
11
--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 New68,578 JPY/sq.m100 %
Residual Value (10 Years)65,518 JPY/sq.m96 %
Residual Value (20 Years)61,447 JPY/sq.m90 %
Residual Value (20 Years)56,365 JPY/sq.m82 %
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 Makurazaki 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 Makurazaki 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.

Related sales({{similarlist.length}})

1. Kagoshima Makurazaki-Shi 栄中町Makurazaki-Shi Makurazaki 14.0 min walk)
35.8 years old , Area: 280 sq.m , Total floor area: 65 sq.m , Structure: 木造
- Trading date: 2013-12-01T00:00:00Z
Trading price:   2,400,000 JPY,    Unit price:   36,923 JPY/sq.m
2. Kagoshima Makurazaki-Shi 中央町Makurazaki-Shi Makurazaki 9.0 min walk)
36.8 years old , Area: 290 sq.m , Total floor area: 80 sq.m , Structure: 木造
- Trading date: 2010-12-01T00:00:00Z
Trading price:   4,000,000 JPY,    Unit price:   50,000 JPY/sq.m
3. Kagoshima Makurazaki-Shi 高見町Makurazaki-Shi Makurazaki 11.0 min walk)
39.0 years old , Area: 195 sq.m , Total floor area: 85 sq.m , Structure: 木造
- Trading date: 2008-03-01T00:00:00Z
Trading price:   3,500,000 JPY,    Unit price:   41,176 JPY/sq.m
4. Kagoshima Makurazaki-Shi 旭町Makurazaki-Shi Makurazaki 11.0 min walk)
28.5 years old , Area: 200 sq.m , Total floor area: 85 sq.m , Structure: 木造
- Trading date: 2015-09-01T00:00:00Z
Trading price:   9,000,000 JPY,    Unit price:   105,882 JPY/sq.m
5. Kagoshima Makurazaki-Shi 桜木町Makurazaki-Shi Makurazaki 9.0 min walk)
41.8 years old , Area: 290 sq.m , Total floor area: 150 sq.m , Structure: RC
- Trading date: 2007-12-01T00:00:00Z
Trading price:   4,500,000 JPY,    Unit price:   30,000 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 distance from the station (representing 24.9 min in 2016 and 15.0 min in 2017; -39.8%)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 36.4% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Home dealt in Kagoshima JR Ibusuki Makurazaki Line Makurazaki, 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 Makurazaki

    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 Goino (59) [Stations]13,000,00072,98531.5 yrs24 min335 sq.m
    JR Ibusuki Makurazaki Line Nigatsudenn (38) [Stations]9,950,00077,74718.8 yrs19 min275 sq.m
    JR Ibusuki Makurazaki Line Kaimonn (10) [Stations]5,450,00049,12931.7 yrs13 min495 sq.m
    JR Ibusuki Makurazaki Line Hirakawa (10) [Stations]9,150,00082,41520.7 yrs30 min210 sq.m
    JR Ibusuki Makurazaki Line Miyagahama (6) [Stations]5,000,00047,97527.3 yrs14 min425 sq.m
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