Nishikigawa Railway Nishikigawa Seiryū Line Land average value

Price 8,714,222 JPY
  (33,247 JPY/sq.m)
- Dist. from Sta. 21.4 min walk
- Property area 382.8 sq.m

The average price of a sq.m Land of Yamaguchi Nishikigawa Railway Nishikigawa Seiryū Line, in 2017 was 32,264 JPY/sq.m. The market value represents an increase of 6,747 JPY (+26.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 8 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 220.0 sq.m (a -37.0% decrease compared to the 349.0 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.0 min in 2016 and 19.0 min in 2017; -45.7%)
Data regarding the market value and its changes of Land in Nishikigawa Railway Nishikigawa Seiryū Line were calculated using data on the sales of 169 properties provided by the MLIT Japan.

Nishikigawa Railway Nishikigawa Seiryū Line Land market value list

StationsAverage Trading PriceAverage Unit Price
Kawanishi19,472,059 JPY60,731 JPY/sq.m
Seiryu-Shin-Iwakuni10,157,143 JPY23,223 JPY/sq.m
Shuuchikasagami2,808,000 JPY18,074 JPY/sq.m
Minamigouchi3,871,429 JPY12,509 JPY/sq.m
Yukaba3,462,500 JPY11,629 JPY/sq.m
Mukuno3,836,364 JPY9,638 JPY/sq.m
Nishikichou2,659,000 JPY10,503 JPY/sq.m

Nishikigawa Railway Nishikigawa Seiryū Line Railway market report

2017. Jan Mar
 2 tradings
2016. Jan Dec
 10 tradings
2015. Jan Dec
 14 tradings
2014. Jan Dec
 7 tradings
2013. Jan Dec
 48 tradings
---1Q
2
4Q
3
3Q
1
2Q
2
1Q
4
4Q
7
3Q
3
2Q
1
1Q
3
4Q
1
3Q
1
2Q
2
1Q
3
4Q
8
3Q
4
2Q
13
1Q
23
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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 Nishikigawa Railway Nishikigawa Seiryū 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 Nishikigawa Railway Nishikigawa Seiryū 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 Nishikigawa Railway Nishikigawa Seiryū 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 less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.0 min in 2016 and 19.0 min in 2017; -45.7%)
The table below shows Land dealt in Yamaguchi Nishikigawa Railway Nishikigawa Seiryū 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 Nishikigawa Railway Nishikigawa Seiryū 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
Nishikigawa Railway Nishikigawa Seiryū Line Seiryu-Shin-Iwakuni (51) [Stations]8,500,00022,222 yrs16 min310 sq.m
Other (169) [Stations]6,000,00020,000 yrs15 min250 sq.m
Nishikigawa Railway Nishikigawa Seiryū Line Yukaba (8) [Stations]3,600,00015,000 yrs14 min325 sq.m
Nishikigawa Railway Nishikigawa Seiryū Line Minamigouchi (7) [Stations]3,500,00014,285 yrs25 min210 sq.m
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