Yoro Railway Line railway market report

Yoro Railway Line Apartment market overview

The average price of Yoro Railway Line (Kuwana to Harima) Apartment, in Jan, 2021 to Dec, 2021 was 287,357 JPY/sq.m. The market value represents an increase of 67,116 JPY (+30.5%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.7 years old (a -21.3% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +2.4% increase compared to the 78.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Kuwana station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +30.5% compared to last year; a sq.m unit now costs 287,357 JPY/sq.m.

The top 1 stations has seen prices increase +30.5% (+67,116 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +30.5% (+67,116 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.0 years old in 2020 and 19.7 years old in 2021; -21.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2020 and 38.1% of total transactions in 2021)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.5% of total transactions in 2020 and 9.5% of total transactions in 2021)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 287,357 JPY/sq.m. The market value represents an increase of 67,116 JPY (+30.5%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands (It was the same as last year.).

The average price of Kuwana Apartment, the lowest market value along this railway was 287,357 JPY/sq.m. The market value represents an increase of 67,116 JPY (+30.5%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands (It was the same as last year.).

Yoro Railway Line (Stations Apartment market overview)
Yoro Railway LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana287,357 JPYsq.m
(19.69497716894977380.0sq.m)
220,241 JPYsq.m
(25.032093933463878.1sq.m)
250,144 JPYsq.m
(22.27808219178082273.4sq.m)
Harima---

*Average unit prices per sq.m of Apartment at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Kuwana287,357 JPY/sq.m (+30% compared with the previous year)

The average price of Kuwana Apartment was 287,357 JPY/sq.m. The market value represents an increase of 67,116 JPY (+30.5%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.7 years old (a -21.3% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +2.4% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.0 years old in 2020 and 19.7 years old in 2021; -21.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2020 and 38.1% of total transactions in 2021)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.5% of total transactions in 2020 and 9.5% of total transactions in 2021)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.