Kagoshima City Tramway Apartment market overview [Show ]

The average price of a sq.m Apartment of Kagoshima Kagoshima City Tramway, in 2017 was 40,000 JPY/sq.m. The market value represents a decrease of 223,175 JPY (-84.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 39.3 years old (a +154.1% increase compared to the 15.5 years old of last year.). The average size of the real estate was 25.0 sq.m (a -59.6% decrease compared to the 61.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.4 min in 2016 and 1.0 min in 2017; -91.9%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 12.5% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.5 years old in 2016 and 39.3 years old in 2017; +154.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2016 and 100.0% of total transactions in 2017)

The highest Apartment market value is Kagoshima City Tramway Taniyama Line at 257,142 JPY/sq.m. On the other hand, those with the lowest market value is Kagoshima City Tramway Dai-Ikki-Line at 123,269 JPY/sq.m.

Data regarding the market value and its changes of Apartment in Kagoshima City Tramway were calculated using data on the sales of 113 properties provided by the MLIT Japan.

Value:

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Market value

StationsAverage Trading PriceAverage Unit Price
Kagoshima City Tramway Toso Line [Land utilization ]17,121,154 JPY223,763 JPY/sq.m
Kagoshima City Tramway Dai-Ikki-Line [Land utilization ]8,675,000 JPY159,968 JPY/sq.m
Kagoshima City Tramway Taniyama Line [Land utilization ]16,500,000 JPY233,773 JPY/sq.m