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 Jul, 2018 to Sep, 2018 was 100,000 JPY/sq.m. The market value represents a decrease of 42,426 JPY (-29.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 26.5 years old (a +26.2% increase compared to the 21.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a +0.0% decrease compared to the 75.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.
0 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value decreased in all stations.
The top 0 stations has seen prices increase +0.0% (+0 JPY/sq.m). On the other hand, The bottom 0 stations has seen prices decrease +0.0% (+0 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 21.0 years old in 2017 and 26.5 years old in 2018; +26.2%)
- A dramatic increase in average distance from the station (representing 6.8 min in 2017 and 26.0 min in 2018; +285.2%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 100.0% of total transactions in 2018)
Apartment stations market overview
|Yokkaichi Asunarou Railway Utsube Line||This year(2018)|
|1 year ago|
|2 years ago|
*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.
Breakdown of each segment