Yokkaichi Asunarou Railway Utsube Line railway market report
- Type: Apartment
- Line: Yokkaichi Asunarou Railway Utsube Line
Akahori Utsube [8 stations] - Period: 2021 - 4Q
Oct, 2021 Dec, 2021
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 | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Akahori | 317,647 JPYsq.m (16.76438356164383685.0sq.m) | - | - |
| Hinaga | 110,667 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:
