The average price of a sq.m Apartment of Yamaguchi JR JR Yamaguchi Line, in 2017 was 184,210 JPY/sq.m. The market value represents a decrease of 8,884 JPY (-4.6%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 39 (-95.1%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.0 years old (a +9.4% increase compared to the 15.6 years old of last year.). The average size of the real estate was 95.0 sq.m (a +27.1% increase compared to the 74.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.
Cause of price increases
- A dramatic decrease in average distance from the station (representing 11.9 min in 2016 and 8.5 min in 2017; -28.3%)
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 17.1% of total transactions in 2016 and 50.0% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Yamaguchi at -62.1% (The rate of decline after 30 years). On the other hand, market values along the Shin-Yamaguchi was the most resistant to decline at -42.4% (The same rate).Data regarding the market value and its changes of Apartment in JR Yamaguchi Line were calculated using data on the sales of 225 properties provided by the MLIT Japan.