Sangi Railway Line railway market report
- Type: Apartment
- Line: Sangi Railway Line
Kinntetsutomida Kinntetsutomida [15 stations] - Period: 2017 - FY
Apr, 2017 Dec, 2017
Sangi Railway Line Apartment market overview
The average price of Sangi Railway Line (Kinntetsutomida to Kinntetsutomida) Apartment, in Apr, 2017 to Dec, 2017 was 341,346 JPY/sq.m. The market value represents an increase of 209,918 JPY (+159.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 7.5 years old (a -71.6% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 72.5 sq.m (a +3.6% increase compared to the 70.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving size for a general family households less than 100 sq.m.
1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations.
The top 1 stations has seen prices increase +159.7% (+209,918 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +159.7% (+209,918 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average age of the building (representing 26.4 years old in 2016 and 7.5 years old in 2017; -71.6%)
- A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 3.0 min in 2017; -76.9%)
Apartment stations market overview
The average price of Kinntetsutomida Apartment, the highest market value along this railway was 341,346 JPY/sq.m. The market value represents an increase of 209,918 JPY (+159.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
The average price of Kinntetsutomida Apartment, the lowest market value along this railway was 341,346 JPY/sq.m. The market value represents an increase of 209,918 JPY (+159.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
| Sangi Railway Line | This year(2017) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsutomida | 341,346 JPYsq.m (7.50821917808219272.5sq.m) | 131,428 JPYsq.m (26.39726027397260270.0sq.m) | 269,232 JPYsq.m (8.70630136986301583.0sq.m) |
*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
Kinntetsutomida 341,346 JPY/sq.m (+160% compared with the previous year)
The average price of Kinntetsutomida Apartment was 341,346 JPY/sq.m. The market value represents an increase of 209,918 JPY (+159.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 7.5 years old (a -71.6% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 72.5 sq.m (a +3.6% increase compared to the 70.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 26.4 years old in 2016 and 7.5 years old in 2017; -71.6%)
- A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 3.0 min in 2017; -76.9%)
Breakdown of each segment
Station: Segment: