Kumage-Gun Land average value

Price 6,136,475 JPY
  (14,830 JPY/sq.m)
- Dist. from Sta. 32.4 min walk
- Property area 579.3 sq.m

The average price of a sq.m Land of Yamaguchi Kumage-Gun, in 2017 was 6,848 JPY/sq.m. The market value represents a decrease of 9,724 JPY (-58.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 19 (-76.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 698.3 sq.m (a +28.1% increase compared to the 545.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.3 min in 2016 and 21.8 min in 2017; -32.5%)
Data regarding the market value and its changes of Land in Kumage-Gun were calculated using data on the sales of 316 properties provided by the MLIT Japan.

Kumage-Gun Land market value list

AreaAverage Trading PriceAverage Unit Price
Kaminoseki-Cho4,508,824 JPY18,547 JPY/sq.m
Tabuse-Cho6,813,194 JPY16,094 JPY/sq.m
Hirao-Cho5,225,532 JPY12,647 JPY/sq.m
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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.)
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Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Kumage-Gun 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 Yamaguchi Kumage-Gun 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 in Kumage-Gun

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.3 min in 2016 and 21.8 min in 2017; -32.5%)
The table below shows Land dealt in Yamaguchi Kumage-Gun, 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 Kumage-Gun

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
Shimonoseki-Shi 大字蒲生野 (5) [Area]9,800,00014,705 yrs30 min430 sq.m
Shunan-Shi 大字安田 (6) [Area]4,500,00014,464 yrs20 min430 sq.m
Shimonoseki-Shi 豊浦町大字室津下 (4) [Area]4,350,00014,444 yrs27 min350 sq.m
Hofu-Shi 勝間 (16) [Area]6,150,00014,285 yrs25 min375 sq.m
Ube-Shi 宮地町 (5) [Area]12,000,00014,117 yrs21 min530 sq.m
JR Ube Line Tokonami (179) [Stations]7,600,00017,380 yrs27 min350 sq.m
JR Sanyo Main Line Tonomi (68) [Stations]4,950,00010,810 yrs19 min380 sq.m
JR Sanyo Main Line Tabuse (210) [Stations]4,500,00010,102 yrs26 min370 sq.m
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