Hiroshima Electric Railway Hiroden Yokogawa Line Apartment market overview [Show ]

The average price of a sq.m Apartment of Hiroshima Electric Railway Hiroden Yokogawa Line, in 2017 was 259,231 JPY/sq.m. The market value represents a decrease of 60,092 JPY (-18.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 8 (-72.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.8 years old (a +40.6% increase compared to the 16.9 years old of last year.). The average size of the real estate was 50.0 sq.m (a -15.4% decrease compared to the 59.1 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

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 45.5% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2016 and 23.8 years old in 2017; +40.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2016 and 66.7% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Hiroden Yokogawa Line were calculated using data on the sales of 154 properties provided by the MLIT Japan.

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Market value

StationsAverage Trading PriceAverage Unit Price
Yokogawa17,352,000 JPY285,224 JPY/sq.m

Stations

Hiroshima Electric Railway Hiroden Yokogawa Line (154)

Yokogawa (153)