JR Yamaguchi Line Land market overview [Show ]

The average price of a sq.m Land of Yamaguchi JR JR Yamaguchi Line, in 2017 was 24,521 JPY/sq.m. The market value represents a decrease of 2,292 JPY (-8.5%) compared to 1 year ago and a transition to a bear market. 22 properties exchanged hands ( The market value represents a decrease of 110 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 450.5 sq.m (a -15.7% decrease compared to the 534.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 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 3.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 25.5 min in 2016 and 30.0 min in 2017; +17.8%)

The highest Land market value is Shin-Yamaguchi at 46,153 JPY/sq.m. On the other hand, those with the lowest market value is Mitani at 1,484 JPY/sq.m.

Data regarding the market value and its changes of Land in JR Yamaguchi Line were calculated using data on the sales of 1,782 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Shin-Yamaguchi [Land utilization ]23,563,958 JPY43,268 JPY/sq.m
Suoushimogou10,112,143 JPY33,431 JPY/sq.m
Kamigou [Land utilization ]7,185,909 JPY22,667 JPY/sq.m
Nihodu [Land utilization ]13,912,571 JPY17,154 JPY/sq.m
Ootoshi [Land utilization ]8,306,800 JPY22,886 JPY/sq.m
Yabara [Land utilization ]9,659,259 JPY29,316 JPY/sq.m
Yudaonnsenn [Land utilization ]12,108,889 JPY30,689 JPY/sq.m
Yamaguchi [Land utilization ]8,808,401 JPY25,844 JPY/sq.m
Kamiyamaguchi [Land utilization ]25,260,400 JPY36,537 JPY/sq.m
Miyano [Land utilization ]11,651,724 JPY20,803 JPY/sq.m
Niho5,867,619 JPY9,214 JPY/sq.m
Shinome12,776,667 JPY2,525 JPY/sq.m
Mitani1,229,091 JPY3,364 JPY/sq.m
Jifuku1,275,000 JPY4,669 JPY/sq.m
Nabekura1,331,667 JPY4,438 JPY/sq.m
Tokusa1,433,462 JPY4,737 JPY/sq.m