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 Jan, 2021 to Dec, 2021 was 180,941 JPY/sq.m. The market value represents an increase of 43,882 JPY (+32.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) 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 -0.2% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 76.7 sq.m (a -9.8% decrease compared to the 85.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 1 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 +28.4% compared to last year; a sq.m unit now costs 226,666 JPY/sq.m.

The top 1 stations has seen prices increase +28.4% (+50,196 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.1% (-6,980 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2020 and 8.5 min in 2021; -43.3%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 83.3% of total transactions in 2021)

Apartment stations market overview

The average price of Oiwake Apartment, the highest market value along this railway was 226,666 JPY/sq.m. The market value represents an increase of 50,196 JPY (+28.4%) 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 price of Utsube Apartment, the lowest market value along this railway was 90,667 JPY/sq.m. The market value represents a decrease of 6,980 JPY (-7.1%) compared to 1 year ago and a transition to a bear 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.)
Akahori317,647 JPYsq.m
(16.76438356164383685.0sq.m)
-312,500 JPYsq.m
(0.080.0sq.m)
Hinaga112,000 JPYsq.m
(29.64794520547945275.0sq.m)
-157,143 JPYsq.m
(27.51917808219178270.0sq.m)
Minamihinaga---
Tomari---
Oiwake226,666 JPYsq.m
(22.1424657534246675.0sq.m)
176,471 JPYsq.m
(21.26849315068493285.0sq.m)
-
Utsube90,667 JPYsq.m
(29.52328767123287575.0sq.m)
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.

Noteworthy stations

Oiwake226,666 JPY/sq.m (+28% compared with the previous year)

The average price of Oiwake Apartment was 226,666 JPY/sq.m. The market value represents an increase of 50,196 JPY (+28.4%) 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 22.1 years old (a +4.1% 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)

Utsube90,667 JPY/sq.m (-7% compared with the previous year)

The average price of Utsube Apartment was 90,667 JPY/sq.m. The market value represents a decrease of 6,980 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 29.5 years old (a +2.6% increase compared to the 28.8 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)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.0 min in 2020 and 29.0 min in 2021; +20.8%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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