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 (Asunarou-Yokkaichi to Utsube) Apartment, in Jan, 2019 to Dec, 2019 was 208,929 JPY/sq.m. The market value represents an increase of 108,929 JPY (+108.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +3.8% increase compared to the 26.5 years old of last year.). The average size of the real estate was 73.3 sq.m (a -2.2% decrease compared to the 75.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease 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).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2018 and 3.3 min in 2019; -87.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

Apartment stations market overview

Yokkaichi Asunarou Railway Utsube Line (Stations Apartment market overview)
Yokkaichi Asunarou Railway Utsube LineThis year(2019)
(Avg.Age,Dim.)		1 year ago
(Avg.Age,Dim.)		2 years ago
(Avg.Age,Dim.)
Asunarou-Yokkaichi---
Akahori312,500 JPYsq.m
(0.080.0sq.m)		--
Hinaga157,143 JPYsq.m
(27.51917808219178270.0sq.m)		--
Minamihinaga---
Tomari--75,000 JPYsq.m
(28.01917808219178280.0sq.m)
Oiwake--164,902 JPYsq.m
(18.68401826484018473.3sq.m)
Utsube-100,000 JPYsq.m
(26.5205479452054875.0sq.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.

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Utinokati
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Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati
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Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
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