Kagawa JR Honshi-Bisan Line Home market overview [Show ]

The average price of a sq.m Home of Kagawa JR JR Honshi-Bisan Line, in 2017 was 234,368 JPY/sq.m. The market value represents an increase of 118,119 JPY (+101.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 8 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.3 years old (a -99.0% decrease compared to the 25.5 years old of last year.). The average size of the real estate was 210.0 sq.m (a -72.8% decrease compared to the 771.0 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a -86.9% decrease compared to the 838.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.5 years old in 2016 and 0.3 years old in 2017; -99.0%)
  • A dramatic decrease in average distance from the station (representing 26.8 min in 2016 and 16.5 min in 2017; -38.4%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 30.0% of total transactions in 2016 and 100.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in JR Honshi-Bisan Line were calculated using data on the sales of 103 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Utadu [Land utilization ]60,537,500 JPY132,564 JPY/sq.m

Stations

Kagawa JR Honshi-Bisan Line (103)

Utadu (103)