JR Nichinan Line railway market report

JR Nichinan Line Home market overview

The average price of JR Nichinan Line (Oosuminatsui to Shibushi) Home, in Jan, 2018 to Dec, 2018 was 128,563 JPY/sq.m. The market value represents an increase of 67,837 JPY (+111.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 3 (-11.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 16.0 years old (a -42.7% decrease compared to the 27.9 years old of last year.). The average size of the real estate was 575.2 sq.m (a +6.9% increase compared to the 538.2 sq.m of last year.). The average total floor space of the real estate was 265.5 sq.m (a +28.8% increase compared to the 206.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year.

The top 1 stations has seen prices increase +115.0% (+69,821 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +115.0% (+69,821 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.9 years old in 2017 and 16.0 years old in 2018; -42.7%)
  • A dramatic decrease in average distance from the station (representing 64.5 min in 2017 and 38.4 min in 2018; -40.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 52.2% of total transactions in 2017 and 38.1% of total transactions in 2018)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 21.7% of total transactions in 2017 and 4.8% of total transactions in 2018)

Home stations market overview

The average price of Shibushi Home, the highest market value along this railway was 130,546 JPY/sq.m. The market value represents an increase of 69,821 JPY (+115.0%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 4 (-15.4%) compared to 1 year ago and a transition to a weak market.).

The average price of Shibushi Home, the lowest market value along this railway was 130,546 JPY/sq.m. The market value represents an increase of 69,821 JPY (+115.0%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 4 (-15.4%) compared to 1 year ago and a transition to a weak 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.)
Oosuminatsui88,889 JPYsq.m
(23.268493150684932820sq.m)
--
Shibushi130,546 JPYsq.m
(15.65054794520548564sq.m)
60,726 JPYsq.m
(27.945443716497916538sq.m)
61,745 JPYsq.m
(23.062060750446697539sq.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

Shibushi130,546 JPY/sq.m (+115% compared with the previous year)

The average price of Shibushi Home was 130,546 JPY/sq.m. The market value represents an increase of 69,821 JPY (+115.0%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 4 (-15.4%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 15.7 years old (a -44.0% decrease compared to the 27.9 years old of last year.). The average size of the real estate was 563.6 sq.m (a +4.7% increase compared to the 538.2 sq.m of last year.). The average total floor space of the real estate was 269.8 sq.m (a +30.9% increase compared to the 206.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.9 years old in 2017 and 15.7 years old in 2018; -44.0%)
  • A dramatic decrease in average distance from the station (representing 64.5 min in 2017 and 39.8 min in 2018; -38.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 52.2% of total transactions in 2017 and 35.0% of total transactions in 2018)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 21.7% of total transactions in 2017 and 5.0% of total transactions in 2018)

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.
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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