Yokkaichi Asunarou Railway Utsube Line railway market report
- Type: Apartment
- Line: Yokkaichi Asunarou Railway Utsube Line
Akahori Utsube [8 stations] - Period: 2020 - FY
Apr, 2020 Dec, 2020
Yokkaichi Asunarou Railway Utsube Line Apartment market overview
The average price of Yokkaichi Asunarou Railway Utsube Line (Akahori to Utsube) Apartment, in Apr, 2020 to Dec, 2020 was 137,059 JPY/sq.m. The market value represents a decrease of 71,870 JPY (-34.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 25.0 years old (a -9.1% decrease compared to the 27.5 years old of last year.). The average size of the real estate was 85.0 sq.m (a +15.9% increase compared to the 73.3 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 slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 3.3 min in 2019 and 15.0 min in 2020; +350.0%)
Apartment stations market overview
| Yokkaichi Asunarou Railway Utsube Line | This year(2020) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Akahori | - | 312,500 JPYsq.m (0.080.0sq.m) | - |
| Hinaga | - | 157,143 JPYsq.m (27.51917808219178270.0sq.m) | - |
| Minamihinaga | - | - | - |
| Tomari | - | - | - |
| Oiwake | 176,471 JPYsq.m (21.26849315068493285.0sq.m) | - | - |
| Utsube | 97,647 JPYsq.m (28.7726027397260385.0sq.m) | - | 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:
