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 Jan, 2020 to Dec, 2020 was 206,011 JPY/sq.m. The market value represents an increase of 2,423 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 488 properties exchanged hands ( The market value represents an increase of 15 (+3.2%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 21.7 years old (a -3.4% decrease compared to the 22.4 years old of last year.). The average size of the real estate was 261.1 sq.m (a -1.8% decrease compared to the 266.0 sq.m of last year.). The average total floor space of the real estate was 176.9 sq.m (a -9.3% decrease compared to the 195.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m, as well as an decrease in transactions involving relatively large total floor space more than 100 sq.m.

10 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Jigennji station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nishiei station, where prices have increased +377.6% compared to last year; a sq.m unit now costs 83,030 JPY/sq.m.

The top 2 stations has seen prices increase +278.5% (+50,855 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -48.6% (-63,842 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 33.9% of total transactions in 2019 and 28.8% of total transactions in 2020)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 28.5% of total transactions in 2019 and 32.1% of total transactions in 2020)

Causes of price decreases

  • A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.4% of total transactions in 2019 and 0.4% of total transactions in 2020)

Home stations market overview

The average price of Jigennji Home, the highest market value along this railway was 326,969 JPY/sq.m. The market value represents an increase of 47,063 JPY (+16.8%) compared to 1 year ago and a transition to a bull market. 25 properties exchanged hands (It was the same as last year.).

The average price of Goryou Home, the lowest market value along this railway was 18,538 JPY/sq.m. The market value represents a decrease of 5,272 JPY (-22.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kagoshima-Chuo233,604 JPYsq.m
(21.90392694063927200sq.m)
220,841 JPYsq.m
(24.30683409436834227sq.m)
221,934 JPYsq.m
(25.417107721046076215sq.m)
Korimoto224,626 JPYsq.m
(28.411567732115678178sq.m)
210,674 JPYsq.m
(28.039620653319286199sq.m)
237,374 JPYsq.m
(21.17404470079308183sq.m)
Minamikagoshima237,636 JPYsq.m
(24.432638475282904200sq.m)
221,437 JPYsq.m
(21.27775603392042210sq.m)
182,118 JPYsq.m
(28.371945205479452267sq.m)
Usuki219,031 JPYsq.m
(19.511210511601902216sq.m)
208,795 JPYsq.m
(20.42307137707282226sq.m)
214,562 JPYsq.m
(20.24187866927593197sq.m)
Taniyama236,438 JPYsq.m
(14.767123287671232264sq.m)
255,261 JPYsq.m
(16.487485488739264360sq.m)
199,273 JPYsq.m
(18.139606908874327264sq.m)
Jigennji326,969 JPYsq.m
(13.044431209053009221sq.m)
279,905 JPYsq.m
(5.902054794520548186sq.m)
250,977 JPYsq.m
(10.743916196615633161sq.m)
Sakanoue191,533 JPYsq.m
(17.752054794520546263sq.m)
177,911 JPYsq.m
(19.673301649426893240sq.m)
227,227 JPYsq.m
(15.482648401826484369sq.m)
Goino184,286 JPYsq.m
(14.687945205479453408sq.m)
201,788 JPYsq.m
(10.417683686176836293sq.m)
172,403 JPYsq.m
(12.877625570776255314sq.m)
Hirakawa---
Sesekushi76,300 JPYsq.m
(38.52876712328767315sq.m)
--
Nakamyou-500 JPYsq.m
(45.78356164383562250sq.m)
242,105 JPYsq.m
(7.883561643835616275sq.m)
Kiire153,752 JPYsq.m
(9.67579908675799345sq.m)
60,942 JPYsq.m
(33.94155251141552243sq.m)
91,430 JPYsq.m
(36.526940639269405511sq.m)
Maenohama64,000 JPYsq.m
(27.27123287671233250sq.m)
--
Nukumi---
Satsumaimaizumi8,333 JPYsq.m
(73.30410958904109500sq.m)
-48,276 JPYsq.m
(0.0650sq.m)
Miyagahama76,593 JPYsq.m
(28.856621004566207707sq.m)
120,000 JPYsq.m
(38.276712328767125242sq.m)
55,868 JPYsq.m
(32.14794520547945770sq.m)
Nigatsudenn56,157 JPYsq.m
(21.117260273972605539sq.m)
71,000 JPYsq.m
(39.34109589041096335sq.m)
112,403 JPYsq.m
(26.821369863013697557sq.m)
Ibusuki53,634 JPYsq.m
(36.83409436834095345sq.m)
137,910 JPYsq.m
(26.59099804305284384sq.m)
100,657 JPYsq.m
(40.02954990215264364sq.m)
Yamakawa56,175 JPYsq.m
(28.572602739726026416sq.m)
20,109 JPYsq.m
(37.27602739726027632sq.m)
22,449 JPYsq.m
(33.775342465753425600sq.m)
Ooyama--24,296 JPYsq.m
(34.83835616438356500sq.m)
Nishiooyama---
Satsumakawashiri-19,417 JPYsq.m
(35.27488584474886287sq.m)
36,364 JPYsq.m
(41.78082191780822330sq.m)
Higashikaimonn-40,000 JPYsq.m
(36.778082191780825440sq.m)
43,158 JPYsq.m
(38.52876712328767640sq.m)
Kaimonn110,559 JPYsq.m
(7.257534246575342507sq.m)
39,742 JPYsq.m
(35.52328767123288287sq.m)
123,077 JPYsq.m
(46.03013698630137240sq.m)
IRino-62,963 JPYsq.m
(24.769863013698631,700sq.m)
-
Ei-115,000 JPYsq.m
(17.263013698630136400sq.m)
Nishiei83,030 JPYsq.m
(24.22082191780822545sq.m)
17,386 JPYsq.m
(39.52876712328767595sq.m)
128,684 JPYsq.m
(21.393150684931506385sq.m)
Goryou18,538 JPYsq.m
(22.3931506849315061,112sq.m)
23,810 JPYsq.m
(20.265753424657536500sq.m)
Ishikaki133,333 JPYsq.m
(0.0500sq.m)
-10,000 JPYsq.m
(39.78082191780822600sq.m)
Mizunarikawa--16,667 JPYsq.m
(64.7972602739726590sq.m)
Eiookawa-21,600 JPYsq.m
(48.0328767123287651,300sq.m)
-
Matsugaura--91,667 JPYsq.m
(39.27945205479452460sq.m)
Satsumashioya3,143 JPYsq.m
(0.0390sq.m)
-98,947 JPYsq.m
(13.761643835616438530sq.m)
Shirasawa6,897 JPYsq.m
(47.032876712328765680sq.m)
-9,000 JPYsq.m
(31.273972602739725310sq.m)
Satsumaitashiki65,873 JPYsq.m
(39.02739726027397730sq.m)
-29,726 JPYsq.m
(28.523287671232875445sq.m)
Makurazaki56,955 JPYsq.m
(38.53940990516333361sq.m)
58,294 JPYsq.m
(39.44505327245054339sq.m)
75,381 JPYsq.m
(37.07414383561644229sq.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

Nishiei83,030 JPY/sq.m (+378% compared with the previous year)

The average price of Nishiei Home was 83,030 JPY/sq.m. The market value represents an increase of 65,644 JPY (+377.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.2 years old (a -38.7% decrease compared to the 39.5 years old of last year.). The average size of the real estate was 545.0 sq.m (a -8.4% decrease compared to the 595.0 sq.m of last year.). The average total floor space of the real estate was 81.7 sq.m (a -14.0% decrease compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 39.5 years old in 2019 and 24.2 years old in 2020; -38.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 20.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.0 min in 2019 and 29.2 min in 2020; +62.2%)

Yamakawa56,175 JPY/sq.m (+179% compared with the previous year)

The average price of Yamakawa Home was 56,175 JPY/sq.m. The market value represents an increase of 36,066 JPY (+179.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.6 years old (a -23.3% decrease compared to the 37.3 years old of last year.). The average size of the real estate was 416.0 sq.m (a -34.2% decrease compared to the 632.5 sq.m of last year.). The average total floor space of the real estate was 160.0 sq.m (a -56.6% decrease compared to the 368.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 37.3 years old in 2019 and 28.6 years old in 2020; -23.3%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2019 and 24.0 min in 2020; -20.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2019 and 40.0% of total transactions in 2020)

Ibusuki53,634 JPY/sq.m (-61% compared with the previous year)

The average price of Ibusuki Home was 53,634 JPY/sq.m. The market value represents a decrease of 84,277 JPY (-61.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.8 years old (a +38.5% increase compared to the 26.6 years old of last year.). The average size of the real estate was 345.5 sq.m (a -10.0% decrease compared to the 383.8 sq.m of last year.). The average total floor space of the real estate was 150.5 sq.m (a +65.7% increase compared to the 90.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 26.6 years old in 2019 and 36.8 years old in 2020; +38.5%)
  • A dramatic increase in average distance from the station (representing 11.8 min in 2019 and 17.0 min in 2020; +44.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2019 and 55.6% of total transactions in 2020)

Miyagahama76,593 JPY/sq.m (-36% compared with the previous year)

The average price of Miyagahama Home was 76,593 JPY/sq.m. The market value represents a decrease of 43,407 JPY (-36.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 28.9 years old (a -24.6% decrease compared to the 38.3 years old of last year.). The average size of the real estate was 706.7 sq.m (a +192.4% increase compared to the 241.7 sq.m of last year.). The average total floor space of the real estate was 116.7 sq.m (a +159.3% increase compared to the 45.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 38.3 years old in 2019 and 28.9 years old in 2020; -24.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 66.7% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.7 min in 2019 and 47.7 min in 2020; +225.0%)

Breakdown of each segment

Station:   Segment:

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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.
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