Gunma Shinkansen Home market overview [Show ]

The average price of a sq.m Home of Gunma Shinkansen, in 2017 was 149,803 JPY/sq.m. The market value represents a decrease of 33,678 JPY (-18.4%) compared to 1 year ago and a transition to a weak market. 18 properties exchanged hands ( The market value represents a decrease of 32 (-64.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.6 years old (a -4.4% decrease compared to the 22.6 years old of last year.). The average size of the real estate was 273.9 sq.m (a -14.8% decrease compared to the 321.4 sq.m of last year.). The average total floor space of the real estate was 225.0 sq.m (a -0.1% decrease compared to the 225.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving recently constructed buildings under 6 years old.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 2.1% of total transactions in 2016 and 12.5% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 19.1% of total transactions in 2016 and 12.5% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 40.4% of total transactions in 2016 and 43.8% of total transactions in 2017)

The highest Home market value is Joetsu Shinkansen at 161,721 JPY/sq.m. On the other hand, those with the lowest market value is Hokuriku Shinkansen at 161,538 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Joetsu Shinkansen at -35.0% (The rate of decline after 30 years). On the other hand, market values along the Hokuriku Shinkansen was the most resistant to decline at -35.0% (The same rate).

Data regarding the market value and its changes of Home in Shinkansen were calculated using data on the sales of 653 properties provided by the MLIT Japan.

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Market value

StationsAverage Trading PriceAverage Unit Price
Joetsu Shinkansen [Utilization ]36,724,755 JPY186,917 JPY/sq.m
Hokuriku Shinkansen [Utilization ]36,560,244 JPY186,049 JPY/sq.m