Makurazaki Home average value

Price 9,895,833 JPY
  (68,770 JPY/sq.m)
- Age 29.3 years old
- Dist. from Sta. 28.5 min walk
- Property area 401.5 sq.m
- Total floor area 142.6 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 96 properties provided by the MLIT Japan.

Makurazaki Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
岩崎町8,000,000 JPY229,967 JPY/sq.mMakurazaki18 min
栄中町2,500,000 JPY63,570 JPY/sq.mMakurazaki21 min
美原町1,800,000 JPY56,668 JPY/sq.mMakurazaki19 min

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 New69,600 JPY/sq.m100 %
Residual Value (10 Years)66,974 JPY/sq.m96 %
Residual Value (20 Years)62,644 JPY/sq.m90 %
Residual Value (20 Years)56,608 JPY/sq.m81 %
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 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 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.

1. 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

2. Kagoshima Makurazaki-Shi 岩戸町Makurazaki-Shi Makurazaki 16.0 min walk)
34.0 years old , Area: 180 sq.m , Total floor area: 95 sq.m , Structure: RC
- Trading date: 2008-03-01T00:00:00Z

Trading price:   6,000,000 JPY,    Unit price:   63,157 JPY/sq.m

3. 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

4. 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

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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 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 Nishiei (11) [Stations]9,600,00068,57119.7 yrs14 min640 sq.m
    JR Ibusuki Makurazaki Line Nigatsudenn (38) [Stations]9,950,00077,74718.8 yrs19 min275 sq.m
    JR Ibusuki Makurazaki Line Ibusuki (70) [Stations]9,350,00081,73125.0 yrs12 min275 sq.m
    JR Ibusuki Makurazaki Line Hirakawa (10) [Stations]9,150,00082,41520.7 yrs30 min210 sq.m
    JR Ibusuki Makurazaki Line Goino (62) [Stations]13,000,00087,33330.0 yrs21 min295 sq.m
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