Nishiei Home average value

Price 31,200,000 JPY
  (153,604 JPY/sq.m)
- Age 27.2 years old
- Dist. from Sta. 16.6 min walk
- Property area 772.7 sq.m
- Total floor area 191.8 sq.m

The average price of a sq.m Home of Kagoshima JR Ibusuki Makurazaki Line Nishiei, in 2017 was 37,500 JPY/sq.m. The market value represents a decrease of 22,500 JPY (-37.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 55.5 years old (a -9.4% decrease compared to the 61.3 years old of last year.). The average size of the real estate was 320.0 sq.m (a -56.2% decrease compared to the 730.0 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a +60.0% increase compared to the 50.0 sq.m of last year.).

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

Cause of price increases

  • A slight decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2016 and 30.0 min in 2017; +114.3%)
Data regarding the market value and its changes of Home in Nishiei were calculated using data on the sales of 11 properties provided by the MLIT Japan.

Nishiei Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
頴娃町牧之内5,800,000 JPY147,488 JPY/sq.mNishiei15 min
頴娃町郡7,800,000 JPY67,855 JPY/sq.mNishiei10 min
頴娃町牧之内3,000,000 JPY180,314 JPY/sq.mNishiei13 min
頴娃町牧之内14,000,000 JPY319,177 JPY/sq.mNishiei15 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
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

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 New144,448 JPY/sq.m100 %
Residual Value (10 Years)96,977 JPY/sq.m67 %
Residual Value (20 Years)65,750 JPY/sq.m46 %
Residual Value (20 Years)50,765 JPY/sq.m35 %
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 Nishiei 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 Nishiei 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 Minamikyushu-Shi 頴娃町牧之内Minamikyushu-Shi Nishiei 15.0 min walk)
15.8 years old , Area: 530 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2011-12-01T00:00:00Z
Trading price:   5,800,000 JPY,    Unit price:   44,615 JPY/sq.m
2. Kagoshima Minamikyushu-Shi 頴娃町牧之内Minamikyushu-Shi Nishiei 13.0 min walk)
13.3 years old , Area: 530 sq.m , Total floor area: 55 sq.m , Structure: 木造
- Trading date: 2008-06-01T00:00:00Z
Trading price:   3,000,000 JPY,    Unit price:   54,545 JPY/sq.m
3. Kagoshima Minamikyushu-Shi 頴娃町牧之内Minamikyushu-Shi Nishiei 15.0 min walk)
13.3 years old , Area: 480 sq.m , Total floor area: 145 sq.m , Structure: 木造
- Trading date: 2008-06-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   96,551 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 slight decrease in transactions involving older buildings over 40 years old.

Cause of price increases

  • A slight decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2016 and 30.0 min in 2017; +114.3%)
The table below shows Home dealt in Kagoshima JR Ibusuki Makurazaki Line Nishiei, 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 Nishiei

    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 Nakamyou (12) [Stations]12,000,000109,09025.0 yrs8 min350 sq.m
    JR Ibusuki Makurazaki Line Goino (61) [Stations]15,000,000100,00030.0 yrs23 min320 sq.m
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