JR Gantoku Line Land average value

Price 12,643,676 JPY
  (38,384 JPY/sq.m)
- Dist. from Sta. 19.3 min walk
- Property area 393.6 sq.m

The average price of a sq.m Land of Yamaguchi JR JR Gantoku Line, in 2017 was 32,098 JPY/sq.m. The market value represents a decrease of 3,287 JPY (-9.3%) compared to 1 year ago and a transition to a bear market. 20 properties exchanged hands ( The market value represents a decrease of 109 (-84.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 319.2 sq.m (a -16.2% decrease compared to the 381.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.7 min in 2016 and 13.4 min in 2017; -35.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.5% of total transactions in 2016 and 30.0% of total transactions in 2017)
Data regarding the market value and its changes of Land in JR Gantoku Line were calculated using data on the sales of 1,441 properties provided by the MLIT Japan.

JR Gantoku Line Land market value list

StationsAverage Trading PriceAverage Unit Price
Iwakuni16,652,414 JPY56,347 JPY/sq.m
Nishiiwakuni12,679,365 JPY43,264 JPY/sq.m
Kawanishi19,472,059 JPY60,731 JPY/sq.m
Kinnmeiji7,025,000 JPY20,392 JPY/sq.m
Kuga9,852,174 JPY27,552 JPY/sq.m
Suoutakamori10,279,333 JPY21,335 JPY/sq.m
Yonekawa1,580,000 JPY5,168 JPY/sq.m
Takamizu5,179,286 JPY14,012 JPY/sq.m
Katsuma3,833,265 JPY15,626 JPY/sq.m
Ookawachi3,716,875 JPY12,178 JPY/sq.m
Suoukubo16,415,349 JPY34,713 JPY/sq.m
Ikunoya9,510,273 JPY29,262 JPY/sq.m
Suouhanaoka10,650,000 JPY33,917 JPY/sq.m
Kushigahama16,535,484 JPY32,180 JPY/sq.m

JR Gantoku Line Railway market report

2017. Jan Mar
 20 tradings
2016. Jan Dec
 129 tradings
2015. Jan Dec
 93 tradings
2014. Jan Dec
 92 tradings
2013. Jan Dec
 211 tradings
---1Q
20
4Q
26
3Q
32
2Q
44
1Q
27
4Q
23
3Q
32
2Q
16
1Q
22
4Q
22
3Q
18
2Q
27
1Q
25
4Q
52
3Q
52
2Q
42
1Q
65
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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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
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 JR Gantoku Line 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 JR JR Gantoku Line Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in JR Gantoku Line

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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.7 min in 2016 and 13.4 min in 2017; -35.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.5% of total transactions in 2016 and 30.0% of total transactions in 2017)
The table below shows Land dealt in Yamaguchi JR JR Gantoku Line, 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 JR Gantoku Line

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
JR Sanyo Main Line Kudamatsu (305) [Stations]9,900,00038,165 yrs23 min240 sq.m
JR Gantoku Line Nishiiwakuni (193) [Stations]12,000,00039,473 yrs15 min260 sq.m
JR San-in Main Line Yasuoka (95) [Stations]9,700,00040,079 yrs12 min240 sq.m
JR San-in Main Line Hatabu (214) [Stations]12,000,00041,653 yrs20 min260 sq.m
JR Sanyo Main Line Hatabu (214) [Stations]12,000,00041,653 yrs20 min260 sq.m
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