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 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 (Stations Apartment market overview)
Yokkaichi Asunarou Railway Utsube LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Akahori---
Hinaga--100,000 JPYsq.m
(27.26849315068493270.0sq.m)
Minamihinaga---
Tomari---
Oiwake213,333 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

Oiwake213,333 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:

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)

Safety and Security of Utinokati

Ministry of Land, Infrastructure, Transport and Tourism. Utinokati provides market information based on the latest real estate transaction data collected by the transaction information provision system of the Land Appraisal Committee of the MLIT, Japan.
Utinokati strives to provide high-quality real estate price information while paying attention to the protection of personal information so that everyone can trade real estate with peace of mind.
Utinokati is making various efforts to improve the reliability of information and to allow users to check the land market with peace of mind.