Sangi Railway Line railway market report

Sangi Railway Line Apartment market overview

The average price of Sangi Railway Line (Kinntetsutomida to Kinntetsutomida) Apartment, in Apr, 2020 to Jun, 2020 was 187,500 JPY/sq.m. The market value represents a decrease of 12,500 JPY (-6.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 15.3 years old (a -47.4% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% 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 locations relatively far from the station less than twenty minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kinntetsutomida station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Kinntetsutomida station, where prices have decreased -6.2% compared to last year; a sq.m unit now costs 187,500 JPY/sq.m.

The top 1 stations has seen prices increase -6.2% (-12,500 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.2% (-12,500 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.0 years old in 2019 and 15.3 years old in 2020; -47.4%)
  • An decrease in average distance from the station (representing 13.0 min in 2019 and 11.0 min in 2020; -15.4%)

Apartment stations market overview

The average price of Kinntetsutomida Apartment, the highest market value along this railway was 187,500 JPY/sq.m. The market value represents a decrease of 12,500 JPY (-6.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of Kinntetsutomida Apartment, the lowest market value along this railway was 187,500 JPY/sq.m. The market value represents a decrease of 12,500 JPY (-6.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

Sangi Railway Line (Stations Apartment market overview)
Sangi Railway LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsutomida187,500 JPYsq.m
(15.26301369863013880.0sq.m)
200,000 JPYsq.m
(29.01917808219178270.0sq.m)
208,532 JPYsq.m
(20.84840182648401875.0sq.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

Kinntetsutomida187,500 JPY/sq.m (-6% compared with the previous year)

The average price of Kinntetsutomida Apartment was 187,500 JPY/sq.m. The market value represents a decrease of 12,500 JPY (-6.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 15.3 years old (a -47.4% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% 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 29.0 years old in 2019 and 15.3 years old in 2020; -47.4%)
  • An decrease in average distance from the station (representing 13.0 min in 2019 and 11.0 min in 2020; -15.4%)

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)