Kagoshima JR Ibusuki Makurazaki Line Apartment market overview [Show ]
The average price of a sq.m Apartment of Kagoshima JR JR Ibusuki Makurazaki Line, in 2017 was 203,944 JPY/sq.m. The market value represents a decrease of 43,568 JPY (-17.6%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents a decrease of 39 (-73.6%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 25.7 years old (a +29.0% increase compared to the 19.9 years old of last year.). The average size of the real estate was 50.0 sq.m (a -11.2% decrease compared to the 56.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.
Cause of price increases
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.8% of total transactions in 2016 and 7.1% of total transactions in 2017)
Causes of price decreases
- A dramatic increase in average age of the building (representing 19.9 years old in 2016 and 25.7 years old in 2017; +29.0%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2016 and 66.7% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Taniyama at -60.0% (The rate of decline after 30 years). On the other hand, market values along the Korimoto was the most resistant to decline at -32.0% (The same rate).Data regarding the market value and its changes of Apartment in JR Ibusuki Makurazaki Line were calculated using data on the sales of 827 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Kagoshima-Chuo [Utilization ]||15,844,444 JPY||248,626 JPY/sq.m|
|Korimoto [Utilization ]||16,731,372 JPY||220,514 JPY/sq.m|
|Minamikagoshima [Utilization ]||14,767,742 JPY||204,707 JPY/sq.m|
|Usuki [Utilization ]||14,318,518 JPY||211,507 JPY/sq.m|
|Taniyama [Utilization ]||14,057,708 JPY||197,103 JPY/sq.m|
|Jigennji [Utilization ]||15,250,000 JPY||216,190 JPY/sq.m|