Yokkaichi Asunarou Railway Utsube Line railway market report

Yokkaichi Asunarou Railway Utsube Line Apartment market overview

The average price of Yokkaichi Asunarou Railway Utsube Line (Akahori to Utsube) Apartment, in Jan, 2017 to Dec, 2017 was 142,426 JPY/sq.m. The market value represents an increase of 20,563 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.0 years old (a +7.7% increase compared to the 19.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +2.3% increase compared to the 73.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Oiwake station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Oiwake station, where prices have increased +14.3% compared to last year; a sq.m unit now costs 164,902 JPY/sq.m.

The top 1 stations has seen prices increase +14.3% (+20,616 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +14.3% (+20,616 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.2 min in 2016 and 6.8 min in 2017; -44.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 25.0% of total transactions in 2017)

Apartment stations market overview

The average price of Oiwake Apartment, the highest market value along this railway was 164,902 JPY/sq.m. The market value represents an increase of 20,616 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Oiwake Apartment, the lowest market value along this railway was 164,902 JPY/sq.m. The market value represents an increase of 20,616 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

Yokkaichi Asunarou Railway Utsube Line (Stations Apartment market overview)
Yokkaichi Asunarou Railway Utsube LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Akahori---
Hinaga--75,714 JPYsq.m
(23.51780821917808270.0sq.m)
Minamihinaga---
Tomari75,000 JPYsq.m
(28.01917808219178280.0sq.m)
-182,143 JPYsq.m
(19.01369863013698675.0sq.m)
Oiwake164,902 JPYsq.m
(18.68401826484018473.3sq.m)
144,286 JPYsq.m
(17.07671232876712370.0sq.m)
124,946 JPYsq.m
(16.38904109589041367.5sq.m)
Utsube-77,020 JPYsq.m
(24.39315068493150680.0sq.m)
86,667 JPYsq.m
(23.26575342465753675.0sq.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

Oiwake164,902 JPY/sq.m (+14% compared with the previous year)

The average price of Oiwake Apartment was 164,902 JPY/sq.m. The market value represents an increase of 20,616 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.7 years old (a +9.4% increase compared to the 17.1 years old of last year.). The average size of the real estate was 73.3 sq.m (a +4.8% increase compared to the 70.0 sq.m of last year.).


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)