The average price of a sq.m Land of Toyama Tonami-Shi, in 2017 was 31,167 JPY/sq.m. The market value represents an increase of 5,748 JPY (+22.6%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 39 (-67.2%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 484.2 sq.m (a -2.7% decrease compared to the 497.7 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 decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.5% of total transactions in 2016 and 10.5% of total transactions in 2017)
The highest Land market value is 豊町 at 50,926 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 576 properties provided by the MLIT Japan.