Yamatokoriyama-Shi Land average value

Price 24,779,286 JPY
  (56,793 JPY/sq.m)
- Dist. from Sta. 36.1 min walk
- Property area 495.6 sq.m

The average price of a sq.m Land of Nara Yamatokoriyama-Shi, in 2017 was 50,277 JPY/sq.m. The market value represents a decrease of 6,135 JPY (-10.9%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 27 (-77.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 205.6 sq.m (a -43.8% decrease compared to the 366.1 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

  • An decrease in average distance from the station (representing 12.2 min in 2016 and 10.4 min in 2017; -14.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2016 and 25.0% of total transactions in 2017)
Data regarding the market value and its changes of Land in Yamatokoriyama-Shi were calculated using data on the sales of 70 properties provided by the MLIT Japan.

Yamatokoriyama-Shi Land market value list

AreaAverage Trading PriceAverage Unit Price
横田町67,937,500 JPY64,484 JPY/sq.m
筒井町13,222,222 JPY53,126 JPY/sq.m
北郡山町14,100,000 JPY66,219 JPY/sq.m

Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
Color:
Unit:   Touch:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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 Yamatokoriyama-Shi Land market value

We can calculate market values for Land 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 Nara Yamatokoriyama-Shi Land 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 Land sales data, with similarly entered ages, area, and distances from station are as follows.

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1. Nara Yamatokoriyama-Shi 小南町Yamatokoriyama-Shi Tsutsui 14.0 min walk)
, Area: 200 sq.m
- Trading date: 2015-09-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   50,000 JPY/sq.m
2. Nara Yamatokoriyama-Shi 小南町Yamatokoriyama-Shi Tsutsui 16.0 min walk)
, Area: 200 sq.m
- Trading date: 2015-12-01T00:00:00Z
Trading price:   18,000,000 JPY,    Unit price:   90,000 JPY/sq.m
3. Nara Yamatokoriyama-Shi 九条町Yamatokoriyama-Shi Kujou 16.0 min walk)
, Area: 270 sq.m
- Trading date: 2016-06-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   48,148 JPY/sq.m
4. Nara Yamatokoriyama-Shi 額田部北町Yamatokoriyama-Shi Hirahata 13.0 min walk)
, Area: 280 sq.m
- Trading date: 2016-12-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   53,571 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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Land market value trends

Market value trends for Land 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

  • An decrease in average distance from the station (representing 12.2 min in 2016 and 10.4 min in 2017; -14.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2016 and 25.0% of total transactions in 2017)
The table below shows Land dealt in Nara Yamatokoriyama-Shi, 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 Yamatokoriyama-Shi

    The closest areas in terms of Land 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
    Nara-Shi 東九条町 (26) [Area]17,000,00058,447 yrs30 min315 sq.m
    Nara-Shi 五条畑 (13) [Area]15,000,00059,393 yrs23 min350 sq.m
    Nara-Shi 南肘塚町 (4) [Area]26,900,00060,689 yrs30 min387 sq.m
    Nara-Shi 大安寺西 (5) [Area]27,000,00063,333 yrs25 min340 sq.m
    Nara-Shi 大安寺 (32) [Area]14,500,00064,999 yrs22 min315 sq.m
    Kintetsu Kashihara Line Nishinokyou (118) [Stations]13,000,00057,618 yrs16 min220 sq.m
    JR JR Sakurai Line (1,010) [Stations]12,000,00058,490 yrs15 min200 sq.m
    JR Yamatoji Line Houryuuji (207) [Stations]13,000,00060,000 yrs19 min200 sq.m
    Kintetsu Keihanna Line Gakkennkitaikoma (106) [Stations]18,500,00053,333 yrs24 min250 sq.m
    JR (2,327) [Stations]12,000,00052,173 yrs15 min210 sq.m
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