Shimane Ichibata Electric Railway Taisha Line Home market overview [Show ]
The average price of a sq.m Home of Shimane Ichibata Electric Railway Ichibata Electric Railway Taisha Line, in 2016 was 58,625 JPY/sq.m. The market value represents a decrease of 19,940 JPY (-25.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 36.6 years old (a +12.1% increase compared to the 32.7 years old of last year.). The average size of the real estate was 204.0 sq.m (a -61.0% decrease compared to the 522.9 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -68.2% decrease compared to the 330.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.
Causes of price decreases
- An increase in average age of the building (representing 32.7 years old in 2015 and 36.6 years old in 2016; +12.1%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2015 and 100.0% of total transactions in 2016)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Kanmonkaikyo Mekari at -58.0% (The rate of decline after 30 years). On the other hand, market values along the Kawato was the most resistant to decline at -38.0% (The same rate).Data regarding the market value and its changes of Home in Ichibata Electric Railway Taisha Line were calculated using data on the sales of 69 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Kawato||22,541,667 JPY||106,974 JPY/sq.m|
|Takahama||39,385,714 JPY||151,665 JPY/sq.m|
|Kanmonkaikyo Mekari||20,050,000 JPY||36,408 JPY/sq.m|
|Izumotaishamae||18,975,556 JPY||85,242 JPY/sq.m|