The average price of a sq.m Land of Toyama Nanto-Shi, in 2017 was 20,561 JPY/sq.m. The market value represents an increase of 5,640 JPY (+37.8%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 31 (-67.4%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 701.3 sq.m (a +40.1% increase compared to the 500.4 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.
Cause of price increases
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.2% of total transactions in 2016 and 6.7% of total transactions in 2017)
The highest Land market value is 松原新 at 35,384 JPY/sq.m. On the other hand, those with the lowest market value is 小坂 at 2,583 JPY/sq.m.
Data regarding the market value and its changes of Land in Nanto-Shi were calculated using data on the sales of 549 properties provided by the MLIT Japan.