Fukuka JR Kashii Line Apartment market overview [Show ]
The average price of a sq.m Apartment of Fukuka JR JR Kashii Line, in 2017 was 234,193 JPY/sq.m. The market value represents an increase of 31,434 JPY (+15.5%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents a decrease of 10 (-26.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 18.1 years old (a -0.4% decrease compared to the 18.2 years old of last year.). The average size of the real estate was 79.3 sq.m (a +9.2% increase compared to the 72.6 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Causes of price decreases
- A dramatic increase in average distance from the station (representing 11.6 min in 2016 and 15.9 min in 2017; +36.9%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.1% of total transactions in 2016 and 51.9% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Wajiro at -57.0% (The rate of decline after 30 years). On the other hand, market values along the Nata was the most resistant to decline at -43.0% (The same rate).Data regarding the market value and its changes of Apartment in JR Kashii Line were calculated using data on the sales of 611 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Saitozaki [Utilization ]||10,186,046 JPY||139,530 JPY/sq.m|
|Nata [Utilization ]||9,020,690 JPY||127,422 JPY/sq.m|
|Wajiro [Utilization ]||13,200,000 JPY||183,273 JPY/sq.m|
|Kashii [Utilization ]||20,807,018 JPY||254,016 JPY/sq.m|
|Kashiijinnguu [Utilization ]||13,975,000 JPY||191,417 JPY/sq.m|
|Maimatsubara [Utilization ]||13,114,815 JPY||187,744 JPY/sq.m|
|Doi [Utilization ]||12,200,000 JPY||164,643 JPY/sq.m|