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 272,321 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.
|Stations||Average Trading Price||Average Unit Price|
|Kagoshima City Tramway Toso Line [Utilization ]||17,121,154 JPY||223,763 JPY/sq.m|
|Kagoshima City Tramway Dai-Ikki-Line [Utilization ]||8,675,000 JPY||159,968 JPY/sq.m|
|Kagoshima City Tramway Taniyama Line [Utilization ]||16,500,000 JPY||238,260 JPY/sq.m|