The average price of a sq.m Land of Toyama Tonami-Shi, in 2017 was 30,372 JPY/sq.m. The market value represents an increase of 3,493 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents a decrease of 32 (-72.7%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 517.5 sq.m (a -2.4% decrease compared to the 530.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.
Causes of price decreases
- A dramatic increase in average distance from the station (representing 20.3 min in 2016 and 24.7 min in 2017; +21.4%)
- An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.5% of total transactions in 2016 and 16.7% of total transactions in 2017)
The highest Land market value is 豊町 at 50,000 JPY/sq.m. On the other hand, those with the lowest market value is 東保 at 3,000 JPY/sq.m.
Data regarding the market value and its changes of Land in Tonami-Shi were calculated using data on the sales of 566 properties provided by the MLIT Japan.