JR Ibusuki Makurazaki Line railway market report

JR Ibusuki Makurazaki Line Home market overview

The average price of JR Ibusuki Makurazaki Line (Kagoshima-Chuo to Makurazaki) Home, in Jul, 2019 to Sep, 2019 was 229,230 JPY/sq.m. The market value represents an increase of 39,551 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 120 properties exchanged hands ( The market value represents an increase of 4 (+3.4%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 23.3 years old (a +2.5% increase compared to the 22.8 years old of last year.). The average size of the real estate was 266.2 sq.m (a +2.3% increase compared to the 260.3 sq.m of last year.). The average total floor space of the real estate was 221.1 sq.m (a +15.4% increase compared to the 191.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station, as well as an decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

5 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Kagoshima-Chuo, Korimoto, Minamikagoshima, Goino station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Goino station, where prices have increased +96.3% compared to last year; a sq.m unit now costs 179,035 JPY/sq.m.

The top 2 stations has seen prices increase +70.5% (+86,973 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -85.4% (-153,306 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 28.1 min in 2018 and 23.1 min in 2019; -18.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 0.9% of total transactions in 2018 and 4.2% of total transactions in 2019)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 22.0% of total transactions in 2018 and 27.7% of total transactions in 2019)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 21.1% of total transactions in 2018 and 25.0% of total transactions in 2019)

Home stations market overview

The average price of Korimoto Home, the highest market value along this railway was 385,100 JPY/sq.m. The market value represents an increase of 114,110 JPY (+42.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nishiei Home, the lowest market value along this railway was 17,386 JPY/sq.m. The market value represents a decrease of 192,614 JPY (-91.7%) 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.).

JR Ibusuki Makurazaki Line (Stations Home market overview)
JR Ibusuki Makurazaki LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kagoshima-Chuo278,714 JPYsq.m
(25.26532366371206223sq.m)
192,591 JPYsq.m
(22.97175472928898181sq.m)
244,135 JPYsq.m
(22.913574097135744206sq.m)
Korimoto385,100 JPYsq.m
(22.017808219178082190sq.m)
270,989 JPYsq.m
(24.853424657534248211sq.m)
228,992 JPYsq.m
(26.52219178082192139sq.m)
Minamikagoshima251,286 JPYsq.m
(17.115068493150684116sq.m)
203,304 JPYsq.m
(21.518150684931506144sq.m)
161,534 JPYsq.m
(34.862100456621215sq.m)
Usuki150,998 JPYsq.m
(33.150342465753425296sq.m)
187,242 JPYsq.m
(27.77260273972603214sq.m)
211,549 JPYsq.m
(16.84870624048706288sq.m)
Taniyama218,054 JPYsq.m
(14.584735812133072302sq.m)
219,919 JPYsq.m
(15.847945205479451246sq.m)
226,253 JPYsq.m
(11.178310502283106208sq.m)
Jigennji267,930 JPYsq.m
(10.081800391389432264sq.m)
344,444 JPYsq.m
(0.5041095890410959185sq.m)
242,544 JPYsq.m
(12.178995433789954202sq.m)
Sakanoue195,439 JPYsq.m
(21.671654373024236262sq.m)
197,566 JPYsq.m
(17.669336143308747375sq.m)
177,471 JPYsq.m
(18.971606475716065214sq.m)
Goino179,035 JPYsq.m
(17.013698630136986210sq.m)
91,213 JPYsq.m
(35.52785388127854318sq.m)
Hirakawa--311,111 JPYsq.m
(0.5041095890410959240sq.m)
Sesekushi---
Nakamyou-242,105 JPYsq.m
(0.5041095890410959260sq.m)
-
Kiire--
Maenohama--110,000 JPYsq.m
(13.512328767123288220sq.m)
Nukumi---
Satsumaimaizumi---
Miyagahama-33,333 JPYsq.m
(37.52876712328767720sq.m)
-
Nigatsudenn65,334 JPYsq.m
(39.53013698630137305sq.m)
124,005 JPYsq.m
(11.844748858447488378sq.m)
-
Ibusuki168,526 JPYsq.m
(17.513698630136986320sq.m)
155,000 JPYsq.m
(37.02876712328767248sq.m)
52,778 JPYsq.m
(43.534246575342465160sq.m)
Yamakawa30,521 JPYsq.m
(35.02602739726027890sq.m)
-57,500 JPYsq.m
(38.53150684931507130sq.m)
Ooyama---
Nishiooyama---
Satsumakawashiri6,250 JPYsq.m
(31.523287671232875240sq.m)
--
Higashikaimonn-43,158 JPYsq.m
(38.52876712328767640sq.m)
-
Kaimonn---
IRino---
Ei---
Nishiei17,386 JPYsq.m
(39.52876712328767595sq.m)
210,000 JPYsq.m
(-0.4958904109589041380sq.m)
37,500 JPYsq.m
(55.54246575342466320sq.m)
Goryou---
Ishikaki---
Mizunarikawa---
Eiookawa--45,882 JPYsq.m
(40.53150684931507770sq.m)
Matsugaura---
Satsumashioya---
Shirasawa---
Satsumaitashiki-29,726 JPYsq.m
(28.523287671232875445sq.m)
-
Makurazaki30,147 JPYsq.m
(45.534246575342465540sq.m)
144,146 JPYsq.m
(43.53333333333333375sq.m)
57,967 JPYsq.m
(28.523287671232875165sq.m)

*Average unit prices per sq.m of Home 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

Goino179,035 JPY/sq.m (+96% compared with the previous year)

The average price of Goino Home was 179,035 JPY/sq.m. The market value represents an increase of 87,822 JPY (+96.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.0 years old (a -52.1% decrease compared to the 35.5 years old of last year.). The average size of the real estate was 210.0 sq.m (a -34.0% decrease compared to the 318.3 sq.m of last year.). The average total floor space of the real estate was 797.5 sq.m (a +230.0% increase compared to the 241.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.5 years old in 2018 and 17.0 years old in 2019; -52.1%)
  • A dramatic decrease in average distance from the station (representing 52.7 min in 2018 and 21.5 min in 2019; -59.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2018 and 50.0% of total transactions in 2019)

Kagoshima-Chuo278,714 JPY/sq.m (+45% compared with the previous year)

The average price of Kagoshima-Chuo Home was 278,714 JPY/sq.m. The market value represents an increase of 86,123 JPY (+44.7%) compared to 1 year ago and a transition to a dramatic market. 53 properties exchanged hands ( The market value represents an increase of 9 (+20.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.3 years old (a +10.0% increase compared to the 23.0 years old of last year.). The average size of the real estate was 223.4 sq.m (a +23.4% increase compared to the 181.0 sq.m of last year.). The average total floor space of the real estate was 241.7 sq.m (a +3.0% increase compared to the 234.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 35.8 min in 2018 and 30.6 min in 2019; -14.3%)
  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 19.0% of total transactions in 2018 and 19.6% of total transactions in 2019)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 23.8% of total transactions in 2018 and 23.5% of total transactions in 2019)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 38.1% of total transactions in 2018 and 41.2% of total transactions in 2019)

Nishiei17,386 JPY/sq.m (-92% compared with the previous year)

The average price of Nishiei Home was 17,386 JPY/sq.m. The market value represents a decrease of 192,614 JPY (-91.7%) 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 39.5 years old (a -8071.3% decrease compared to the -0.5 years old of last year.). The average size of the real estate was 595.0 sq.m (a +56.6% increase compared to the 380.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -5.0% decrease compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing -0.5 years old in 2018 and 39.5 years old in 2019; -8071.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2018 and 18.0 min in 2019; +200.0%)

Makurazaki30,147 JPY/sq.m (-79% compared with the previous year)

The average price of Makurazaki Home was 30,147 JPY/sq.m. The market value represents a decrease of 113,999 JPY (-79.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 45.5 years old (a +4.6% increase compared to the 43.5 years old of last year.). The average size of the real estate was 540.0 sq.m (a +44.0% increase compared to the 375.0 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a -20.6% decrease compared to the 141.7 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.2 min in 2018 and 47.5 min in 2019; +233.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2018 and 100.0% of total transactions in 2019)

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.
high-quality real estate price information 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.
reliability of information Utinokati is making various efforts to improve the reliability of information and to allow users to check the land market with peace of mind.

About publication in the media

Utinokati is the nation's largest free web service for real estate price quotes for various areas and stations around the country. Real estate price information in Utinokati is calculated based on the latest comprehensive land information system data from the Ministry of Land, Infrastructure, Transport and Tourism.

The purpose of this web service is to make real estate market prices more accessible and widely used not only for buying, selling, and leasing real estate, but also for inheritance and transfer. We actively provide a variety of real estate information that can be used in various articles in newspapers, magazines, web media, and other media. Please feel free to inquire about the contents of real estate information that we can provide and the conditions under which we can provide it through the Inquiry Form.

Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.
contact form