JR Nichinan Line railway market report

JR Nichinan Line Home market overview

The average price of JR Nichinan Line (Oosuminatsui to Shibushi) Home, in Apr, 2020 to Jun, 2020 was 81,712 JPY/sq.m. The market value represents an increase of 244 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 22 (-78.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.0 years old (a +36.6% increase compared to the 26.4 years old of last year.). The average size of the real estate was 810.0 sq.m (a +72.7% increase compared to the 468.9 sq.m of last year.). The average total floor space of the real estate was 171.7 sq.m (a +11.8% increase compared to the 153.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 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 +0.3% (+244 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +0.3% (+244 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 110.4 min in 2019 and 89.0 min in 2020; -19.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 26.4 years old in 2019 and 36.0 years old in 2020; +36.6%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2019 and 50.0% of total transactions in 2020)

Home stations market overview

The average price of Shibushi Home, the highest market value along this railway was 81,712 JPY/sq.m. The market value represents an increase of 244 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 22 (-78.6%) 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 81,712 JPY/sq.m. The market value represents an increase of 244 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 22 (-78.6%) compared to 1 year ago and a transition to a dramatic market.).

JR Nichinan Line (Stations Home market overview)
JR Nichinan LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Oosuminatsui--88,889 JPYsq.m
(23.268493150684932820sq.m)
Shibushi81,712 JPYsq.m
(36.02739726027397810sq.m)
81,468 JPYsq.m
(26.380010147133437469sq.m)
192,564 JPYsq.m
(8.507534246575343458sq.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

Shibushi81,712 JPY/sq.m (+0% compared with the previous year)

The average price of Shibushi Home was 81,712 JPY/sq.m. The market value represents an increase of 244 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 22 (-78.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.0 years old (a +36.6% increase compared to the 26.4 years old of last year.). The average size of the real estate was 810.0 sq.m (a +72.7% increase compared to the 468.9 sq.m of last year.). The average total floor space of the real estate was 171.7 sq.m (a +11.8% increase compared to the 153.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 110.4 min in 2019 and 89.0 min in 2020; -19.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 26.4 years old in 2019 and 36.0 years old in 2020; +36.6%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2019 and 50.0% of total transactions in 2020)

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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Foundation November, 2014
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