The average price of a sq.m Apartment of Ehime Iyo Railway Iyotetsu Johoku Line, in 2017 was 137,500 JPY/sq.m. The market value represents a decrease of 19,900 JPY (-12.6%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 15 (-93.8%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.3 years old (a -15.5% decrease compared to the 22.8 years old of last year.). The average size of the real estate was 80.0 sq.m (a +67.3% increase compared to the 47.8 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 age of the building (representing 22.8 years old in 2016 and 19.3 years old in 2017; -15.5%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 9.7 min in 2016 and 12.0 min in 2017; +23.3%)
The highest Apartment market value is Komachi at 246,153 JPY/sq.m. On the other hand, those with the lowest market value is Takasagochou at 106,666 JPY/sq.m.
Data regarding the market value and its changes of Apartment in Iyotetsu Johoku Line were calculated using data on the sales of 234 properties provided by the MLIT Japan.