The average price of a sq.m Land of Yamaguchi Shinkansen Sanyo Shinkansen, in 2017 was 50,028 JPY/sq.m. The market value represents an increase of 5,522 JPY (+12.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 67 (-88.2%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 323.3 sq.m (a -29.4% decrease compared to the 458.2 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
Cause of price increases
- An decrease in average distance from the station (representing 25.1 min in 2016 and 20.1 min in 2017; -20.0%)
The highest Land market value is Tokuyama at 53,462 JPY/sq.m. On the other hand, those with the lowest market value is Asa at 16,363 JPY/sq.m.
Data regarding the market value and its changes of Land in Sanyo Shinkansen were calculated using data on the sales of 1,034 properties provided by the MLIT Japan.