JR Ube Line Land average value

Price 11,261,730 JPY
  (26,080 JPY/sq.m)
- Dist. from Sta. 17.5 min walk
- Property area 487.2 sq.m

The average price of a sq.m Land of Yamaguchi JR JR Ube Line, in 2017 was 36,645 JPY/sq.m. The market value represents an increase of 9,599 JPY (+35.5%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 115 (-91.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 341.4 sq.m (a -32.1% decrease compared to the 502.5 sq.m of last year.).

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

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.5 min in 2016 and 19.4 min in 2017; +24.8%)
Data regarding the market value and its changes of Land in JR Ube Line were calculated using data on the sales of 1,691 properties provided by the MLIT Japan.

JR Ube Line Land market value list

StationsAverage Trading PriceAverage Unit Price
Shin-Yamaguchi23,563,958 JPY43,268 JPY/sq.m
Kamikagawa6,241,026 JPY17,436 JPY/sq.m
Fukamizo2,797,895 JPY8,221 JPY/sq.m
Suousayama3,768,000 JPY9,925 JPY/sq.m
Iwakura2,658,333 JPY10,082 JPY/sq.m
Ajisu6,060,367 JPY22,089 JPY/sq.m
Kiwa5,699,808 JPY14,985 JPY/sq.m
Maruo4,797,273 JPY13,562 JPY/sq.m
Tokonami9,199,048 JPY18,034 JPY/sq.m
Tokiwa9,525,000 JPY24,580 JPY/sq.m
Kusae9,632,000 JPY27,644 JPY/sq.m
Ubemisaki4,717,812 JPY21,864 JPY/sq.m
Higashishinnkawa11,379,546 JPY28,194 JPY/sq.m
Kotoshiba16,541,667 JPY29,978 JPY/sq.m
Ubeshinnkawa9,335,686 JPY33,162 JPY/sq.m
Inou9,297,273 JPY23,579 JPY/sq.m
Iwahana8,886,575 JPY26,437 JPY/sq.m
Ube10,973,220 JPY25,298 JPY/sq.m

JR Ube Line Railway market report

2017. Jan Mar
 11 tradings
2016. Jan Dec
 126 tradings
2015. Jan Dec
 116 tradings
2014. Jan Dec
 112 tradings
2013. Jan Dec
 209 tradings
---1Q
11
4Q
52
3Q
14
2Q
38
1Q
22
4Q
34
3Q
30
2Q
26
1Q
26
4Q
24
3Q
30
2Q
32
1Q
26
4Q
60
3Q
49
2Q
54
1Q
46
Note! Internet Explorer version 8.0 or less and some versions of Firefox are not able to support our website. For those on Windows XP, please use Google Chrome to access our site.
See Supported Browser

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:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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




Top

Calculate JR Ube 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 Ube 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.

Top

Trading data in JR Ube Line

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

{{$index+1}}. {{item.place}} {{item.stations[0]}} {{item.station_distance}} min walk)
{{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

Top

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 near to the station less than three minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.5 min in 2016 and 19.4 min in 2017; +24.8%)
The table below shows Land dealt in Yamaguchi JR JR Ube 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:

Top

Area close to the price in JR Ube 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 Ube Line Kusae (91) [Stations]8,700,00025,454 yrs14 min330 sq.m
JR Onoda Line Onoda (249) [Stations]6,900,00024,285 yrs17 min305 sq.m
JR Sanyo Main Line Onoda (249) [Stations]6,900,00024,285 yrs17 min305 sq.m
JR Ube Line Tokiwa (40) [Stations]9,350,00023,864 yrs13 min300 sq.m
JR Ube Line Higashishinnkawa (125) [Stations]7,800,00029,473 yrs15 min300 sq.m
Top