Yamaguchi JR Land market overview [Show ]

The average price of a sq.m Land of Yamaguchi JR, in 2017 was 27,028 JPY/sq.m. The market value represents an increase of 605 JPY (+2.3%) compared to 1 year ago and a transition to a slight market. 117 properties exchanged hands ( The market value represents a decrease of 969 (-89.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 426.2 sq.m (a -13.6% decrease compared to the 493.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

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 5.7% of total transactions in 2016 and 12.0% of total transactions in 2017)

The highest Land market value is JR Gantoku Line at 31,500 JPY/sq.m. On the other hand, those with the lowest market value is JR Mine Line at 12,542 JPY/sq.m.

Data regarding the market value and its changes of Land in JR were calculated using data on the sales of 13,134 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
JR Ube Line [Land utilization ]11,261,730 JPY26,080 JPY/sq.m
JR Onoda Line [Land utilization ]10,605,121 JPY23,688 JPY/sq.m
JR Yamaguchi Line [Land utilization ]10,741,196 JPY27,261 JPY/sq.m
JR San-in Main Line [Land utilization ]10,626,615 JPY26,785 JPY/sq.m
JR Sanyo Main Line [Land utilization ]12,993,594 JPY28,393 JPY/sq.m
JR Gantoku Line [Land utilization ]12,643,676 JPY38,384 JPY/sq.m
JR Mine Line [Land utilization ]5,907,609 JPY13,746 JPY/sq.m