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 Oct, 2021 to Dec, 2021 was 214,157 JPY/sq.m. The market value represents an increase of 116,510 JPY (+119.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.3 years old (a -19.1% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 80.0 sq.m (a -5.9% decrease compared to the 85.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic 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

  • An decrease in average age of the building (representing 28.8 years old in 2020 and 23.3 years old in 2021; -19.1%)
  • A dramatic decrease in average distance from the station (representing 24.0 min in 2020 and 3.5 min in 2021; -85.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 50.0% of total transactions in 2021)

Apartment stations market overview

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.)
Akahori317,647 JPYsq.m
(16.76438356164383685.0sq.m)
--
Hinaga110,667 JPYsq.m
(29.7726027397260375.0sq.m)
-214,286 JPYsq.m
(27.7698630136986370.0sq.m)
Minamihinaga---
Tomari---
Oiwake---
Utsube-97,647 JPYsq.m
(28.7726027397260385.0sq.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

*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.