Yamaguchi Nishikigawa Railway Nishikigawa Seiryū Line Land market overview [Show ]

The average price of a sq.m Land of Yamaguchi Nishikigawa Railway Nishikigawa Seiryū Line, in 2017 was 32,264 JPY/sq.m. The market value represents an increase of 6,747 JPY (+26.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 8 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 220.0 sq.m (a -37.0% decrease compared to the 349.0 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.0 min in 2016 and 19.0 min in 2017; -45.7%)
Data regarding the market value and its changes of Land in Nishikigawa Railway Nishikigawa Seiryū Line were calculated using data on the sales of 169 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Kawanishi19,472,059 JPY60,731 JPY/sq.m
Seiryu-Shin-Iwakuni10,157,143 JPY23,223 JPY/sq.m
Shuuchikasagami2,808,000 JPY18,074 JPY/sq.m
Minamigouchi3,871,429 JPY12,509 JPY/sq.m
Yukaba3,462,500 JPY11,629 JPY/sq.m
Mukuno3,836,364 JPY9,638 JPY/sq.m
Nishikichou2,659,000 JPY10,503 JPY/sq.m