Yokkaichi Asunarou Railway Utsube Line railway market report
- Type: Apartment
- Line: Yokkaichi Asunarou Railway Utsube Line
Asunarou-Yokkaichi Utsube [8 stations] - Period: 2021 - 2Q
Apr, 2021 Jun, 2021
Yokkaichi Asunarou Railway Utsube Line Apartment market overview
The average price of Yokkaichi Asunarou Railway Utsube Line (Asunarou-Yokkaichi to Utsube) Apartment, in Apr, 2021 to Jun, 2021 was 213,333 JPY/sq.m. The market value represents an increase of 36,862 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 22.3 years old (a +4.7% increase compared to the 21.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a -11.8% decrease compared to the 85.0 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.
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 20% compared to last year. The most dramatic price increase was at Oiwake station, where prices have increased +20.9% compared to last year; a sq.m unit now costs 213,333 JPY/sq.m.
The top 1 stations has seen prices increase +20.9% (+36,862 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +20.9% (+36,862 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 2020 and 100.0% of total transactions in 2021)
Apartment stations market overview
The average price of Oiwake Apartment, the highest market value along this railway was 213,333 JPY/sq.m. The market value represents an increase of 36,862 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).
The average price of Oiwake Apartment, the lowest market value along this railway was 213,333 JPY/sq.m. The market value represents an increase of 36,862 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).
| Yokkaichi Asunarou Railway Utsube Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Asunarou-Yokkaichi | - | - | - |
| Akahori | - | - | - |
| Hinaga | - | - | 100,000 JPYsq.m (27.26849315068493270.0sq.m) |
| Minamihinaga | - | - | - |
| Tomari | - | - | - |
| Oiwake | 213,333 JPYsq.m (22.26849315068493275.0sq.m) | 176,471 JPYsq.m (21.26849315068493285.0sq.m) | - |
| Utsube | - | - | - |
*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
Oiwake 213,333 JPY/sq.m (+21% compared with the previous year)
The average price of Oiwake Apartment was 213,333 JPY/sq.m. The market value represents an increase of 36,862 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 22.3 years old (a +4.7% increase compared to the 21.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a -11.8% decrease compared to the 85.0 sq.m of last year.).
Cause of price increases
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
