JR Kitto Line railway market report

JR Kitto Line Home market overview

The average price of JR Kitto Line (Yoshimatsu to Tsurumaru) Home, in Jan, 2019 to Dec, 2019 was 22,177 JPY/sq.m. The market value represents a decrease of 1,864 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 38.2 years old (a -0.1% decrease compared to the 38.2 years old of last year.). The average size of the real estate was 556.7 sq.m (a -25.5% decrease compared to the 747.5 sq.m of last year.). The average total floor space of the real estate was 137.5 sq.m (a +19.6% increase compared to the 115.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Yoshimatsu station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Yoshimatsu station, where prices have decreased -7.8% compared to last year; a sq.m unit now costs 22,177 JPY/sq.m.

The top 1 stations has seen prices increase -7.8% (-1,864 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.8% (-1,864 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.5 min in 2018 and 8.3 min in 2019; -38.3%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2018 and 50.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2018 and 50.0% of total transactions in 2019)

Home stations market overview

The average price of Yoshimatsu Home, the highest market value along this railway was 22,177 JPY/sq.m. The market value represents a decrease of 1,864 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).

The average price of Yoshimatsu Home, the lowest market value along this railway was 22,177 JPY/sq.m. The market value represents a decrease of 1,864 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).

JR Kitto Line (Stations Home market overview)
JR Kitto LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yoshimatsu22,177 JPYsq.m
(38.153424657534245557sq.m)
24,041 JPYsq.m
(38.19360730593607530sq.m)
12,000 JPYsq.m
(17.764383561643836420sq.m)
Tsurumaru---

*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

Yoshimatsu22,177 JPY/sq.m (-8% compared with the previous year)

The average price of Yoshimatsu Home was 22,177 JPY/sq.m. The market value represents a decrease of 1,864 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 38.2 years old (a -0.1% decrease compared to the 38.2 years old of last year.). The average size of the real estate was 556.7 sq.m (a +5.0% increase compared to the 530.0 sq.m of last year.). The average total floor space of the real estate was 137.5 sq.m (a +19.6% increase compared to the 115.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.3 min in 2018 and 8.3 min in 2019; -49.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2018 and 50.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2018 and 50.0% of total transactions in 2019)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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.
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