Sangi Railway Line railway market report
- Type: Apartment
- Line: Sangi Railway Line
Kinntetsutomida Kinntetsutomida [15 stations] - Period: 2021 - FY
Jul, 2021 Sep, 2021
Sangi Railway Line Apartment market overview
The average price of Sangi Railway Line (Kinntetsutomida to Kinntetsutomida) Apartment, in Jul, 2021 to Sep, 2021 was 310,294 JPY/sq.m. The market value represents a decrease of 8,010 JPY (-2.5%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.5 years old (a +84.2% increase compared to the 9.5 years old of last year.). The average size of the real estate was 82.5 sq.m (a +6.5% increase compared to the 77.5 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.
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 20% compared to last year. The most dramatic price increase was at Kinntetsutomida station, where prices have decreased -2.5% compared to last year; a sq.m unit now costs 310,294 JPY/sq.m.
The top 1 stations has seen prices increase -2.5% (-8,010 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.5% (-8,010 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 9.5 years old in 2020 and 17.5 years old in 2021; +84.2%)
- An increase in average distance from the station (representing 9.8 min in 2020 and 11.5 min in 2021; +17.9%)
Apartment stations market overview
The average price of Kinntetsutomida Apartment, the highest market value along this railway was 310,294 JPY/sq.m. The market value represents a decrease of 8,010 JPY (-2.5%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Kinntetsutomida Apartment, the lowest market value along this railway was 310,294 JPY/sq.m. The market value represents a decrease of 8,010 JPY (-2.5%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
| Sangi Railway Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsutomida | 310,294 JPYsq.m (17.51643835616438282.5sq.m) | 318,304 JPYsq.m (9.51050228310502377.5sq.m) | 200,000 JPYsq.m (29.01917808219178270.0sq.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 310,294 JPY/sq.m (-3% compared with the previous year)
The average price of Kinntetsutomida Apartment was 310,294 JPY/sq.m. The market value represents a decrease of 8,010 JPY (-2.5%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.5 years old (a +84.2% increase compared to the 9.5 years old of last year.). The average size of the real estate was 82.5 sq.m (a +6.5% increase compared to the 77.5 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average age of the building (representing 9.5 years old in 2020 and 17.5 years old in 2021; +84.2%)
- An increase in average distance from the station (representing 9.8 min in 2020 and 11.5 min in 2021; +17.9%)
Breakdown of each segment
Station: Segment:
