Nigatsudenn Home average value

Price 13,076,316 JPY
  (91,948 JPY/sq.m)
- Age 20.9 years old
- Dist. from Sta. 18.8 min walk
- Property area 385.3 sq.m
- Total floor area 153.7 sq.m

The average price of a sq.m Home of Kagoshima JR Ibusuki Makurazaki Line Nigatsudenn, in 2016 was 61,692 JPY/sq.m. The market value represents a decrease of 16,189 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.0 years old (a +11.2% increase compared to the 32.4 years old of last year.). The average size of the real estate was 255.0 sq.m (a -48.1% decrease compared to the 491.7 sq.m of last year.). The average total floor space of the real estate was 82.5 sq.m (a -25.0% decrease compared to the 110.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 32.4 years old in 2015 and 36.0 years old in 2016; +11.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2015 and 50.0% of total transactions in 2016)
Data regarding the market value and its changes of Home in Nigatsudenn were calculated using data on the sales of 38 properties provided by the MLIT Japan.

Nigatsudenn Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
東方8,300,000 JPY261,312 JPY/sq.mNigatsudenn23 min
東方10,000,000 JPY367,309 JPY/sq.mNigatsudenn14 min
東方10,000,000 JPY254,291 JPY/sq.mNigatsudenn24 min
東方14,000,000 JPY356,007 JPY/sq.mNigatsudenn22 min
西方110,000,000 JPY259,739 JPY/sq.mNigatsudenn17 min
西方11,000,000 JPY103,894 JPY/sq.mNigatsudenn16 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 New225,514 JPY/sq.m100 %
Residual Value (10 Years)120,595 JPY/sq.m53 %
Residual Value (20 Years)66,118 JPY/sq.m29 %
Residual Value (20 Years)62,083 JPY/sq.m28 %
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 Nigatsudenn 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 Nigatsudenn 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 Ibusuki-Shi 東方Ibusuki-Shi Nigatsudenn 23.0 min walk)
20.5 years old , Area: 230 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2014-09-01T00:00:00Z
Trading price:   8,300,000 JPY,    Unit price:   79,047 JPY/sq.m
2. Kagoshima Ibusuki-Shi 東方Ibusuki-Shi Nigatsudenn 14.0 min walk)
20.3 years old , Area: 270 sq.m , Total floor area: 90 sq.m , Structure: 木造
- Trading date: 2012-06-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   111,111 JPY/sq.m
3. Kagoshima Ibusuki-Shi 東方Ibusuki-Shi Nigatsudenn 22.0 min walk)
14.3 years old , Area: 290 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2013-06-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   107,692 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 older buildings over 40 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 32.4 years old in 2015 and 36.0 years old in 2016; +11.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2015 and 50.0% of total transactions in 2016)
The table below shows Home dealt in Kagoshima JR Ibusuki Makurazaki Line Nigatsudenn, 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 Nigatsudenn

    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 Ibusuki (68) [Stations]9,650,00083,28124.5 yrs12 min280 sq.m
    JR Ibusuki Makurazaki Line Hirakawa (10) [Stations]9,150,00082,41520.7 yrs30 min210 sq.m
    JR Ibusuki Makurazaki Line Nakamyou (12) [Stations]12,000,000109,09025.0 yrs8 min350 sq.m
    JR Ibusuki Makurazaki Line Goino (59) [Stations]11,000,00074,66632.2 yrs26 min320 sq.m
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