The average price of a sq.m Apartment of Ehime Iyo Railway Iyotetsu Yokogawara Line, in 2017 was 192,597 JPY/sq.m. The market value represents a decrease of 22,161 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 22.5 years old (a +14.8% increase compared to the 19.6 years old of last year.). The average size of the real estate was 62.5 sq.m (a +27.0% increase compared to the 49.2 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 increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.4% of total transactions in 2016 and 50.0% of total transactions in 2017)
Causes of price decreases
- An increase in average age of the building (representing 19.6 years old in 2016 and 22.5 years old in 2017; +14.8%)
- A dramatic increase in average distance from the station (representing 7.5 min in 2016 and 9.5 min in 2017; +27.3%)
The highest Apartment market value is Matsuyamashi at 270,769 JPY/sq.m. On the other hand, those with the lowest market value is Ishitegawakouenn at 155,555 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Iyotachibana at -61.1% (The rate of decline after 30 years). On the other hand, market values along the Kume was the most resistant to decline at +2.0% (The same rate).
Data regarding the market value and its changes of Apartment in Iyotetsu Yokogawara Line were calculated using data on the sales of 226 properties provided by the MLIT Japan.