JR Nichinan Line railway market report

JR Nichinan Line Home market overview

The average price of JR Nichinan Line (Oosuminatsui to Shibushi) Home, in Jul, 2018 to Sep, 2018 was 87,990 JPY/sq.m. The market value represents an increase of 9,443 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.5 years old (a -24.6% decrease compared to the 28.5 years old of last year.). The average size of the real estate was 672.0 sq.m (a +12.6% increase compared to the 596.7 sq.m of last year.). The average total floor space of the real estate was 376.2 sq.m (a +63.6% increase compared to the 230.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Shibushi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Shibushi station, where prices have increased +12.0% compared to last year; a sq.m unit now costs 87,990 JPY/sq.m.

The top 1 stations has seen prices increase +12.0% (+9,443 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +12.0% (+9,443 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.5 years old in 2017 and 21.5 years old in 2018; -24.6%)
  • A dramatic decrease in average distance from the station (representing 67.0 min in 2017 and 23.4 min in 2018; -65.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2017 and 75.0% of total transactions in 2018)

Home stations market overview

The average price of Shibushi Home, the highest market value along this railway was 87,990 JPY/sq.m. The market value represents an increase of 9,443 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Shibushi Home, the lowest market value along this railway was 87,990 JPY/sq.m. The market value represents an increase of 9,443 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

JR Nichinan Line (Stations Home market overview)
JR Nichinan LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Oosuminatsui---
Shibushi87,990 JPYsq.m
(21.518493150684932672sq.m)
78,547 JPYsq.m
(28.523287671232875597sq.m)
48,154 JPYsq.m
(18.851141552511418738sq.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

Shibushi87,990 JPY/sq.m (+12% compared with the previous year)

The average price of Shibushi Home was 87,990 JPY/sq.m. The market value represents an increase of 9,443 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.5 years old (a -24.6% decrease compared to the 28.5 years old of last year.). The average size of the real estate was 672.0 sq.m (a +12.6% increase compared to the 596.7 sq.m of last year.). The average total floor space of the real estate was 376.2 sq.m (a +63.6% increase compared to the 230.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.5 years old in 2017 and 21.5 years old in 2018; -24.6%)
  • A dramatic decrease in average distance from the station (representing 67.0 min in 2017 and 23.4 min in 2018; -65.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2017 and 75.0% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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.
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