Sanyo Shinkansen Land average value

Price 20,142,385 JPY
  (41,631 JPY/sq.m)
- Dist. from Sta. 23.3 min walk
- Property area 458.8 sq.m

The average price of a sq.m Land of Yamaguchi Shinkansen Sanyo Shinkansen, in 2017 was 50,028 JPY/sq.m. The market value represents an increase of 5,522 JPY (+12.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 67 (-88.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 323.3 sq.m (a -29.4% decrease compared to the 458.2 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 25.1 min in 2016 and 20.1 min in 2017; -20.0%)
Data regarding the market value and its changes of Land in Sanyo Shinkansen were calculated using data on the sales of 1,034 properties provided by the MLIT Japan.

Sanyo Shinkansen Land market value list

StationsAverage Trading PriceAverage Unit Price
Shin-Iwakuni13,350,000 JPY37,631 JPY/sq.m
Tokuyama18,352,200 JPY49,464 JPY/sq.m
Shin-Yamaguchi23,563,958 JPY43,268 JPY/sq.m
Asa6,796,222 JPY14,735 JPY/sq.m
Shin-Shimonoseki29,013,846 JPY46,010 JPY/sq.m

Sanyo Shinkansen Railway market report

2017. Jan Mar
 9 tradings
2016. Jan Dec
 76 tradings
2015. Jan Dec
 59 tradings
2014. Jan Dec
 67 tradings
2013. Jan Dec
 103 tradings
---1Q
9
4Q
21
3Q
23
2Q
22
1Q
10
4Q
17
3Q
16
2Q
13
1Q
13
4Q
20
3Q
16
2Q
20
1Q
11
4Q
25
3Q
24
2Q
23
1Q
31
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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 Sanyo Shinkansen 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 Shinkansen Sanyo Shinkansen 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 Sanyo Shinkansen

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 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 25.1 min in 2016 and 20.1 min in 2017; -20.0%)
The table below shows Land dealt in Yamaguchi Shinkansen Sanyo Shinkansen, 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 Sanyo Shinkansen

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
Shinkansen (1,034) [Stations]10,000,00042,428 yrs19 min260 sq.m
Sanyo Shinkansen Shin-Yamaguchi (177) [Stations]11,000,00046,153 yrs11 min280 sq.m
Sanyo Shinkansen Shin-Iwakuni (16) [Stations]10,500,00036,000 yrs30 min250 sq.m
Sanyo Shinkansen Shin-Shimonoseki (257) [Stations]12,000,00049,090 yrs20 min280 sq.m
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