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, 2021 to Jun, 2021 was 74,409 JPY/sq.m. The market value represents a decrease of 7,303 JPY (-8.9%) compared to 1 year ago and a transition to a bear market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.4 years old (a -43.4% decrease compared to the 36.0 years old of last year.). The average size of the real estate was 374.5 sq.m (a -53.8% decrease compared to the 810.0 sq.m of last year.). The average total floor space of the real estate was 152.8 sq.m (a -11.0% decrease compared to the 171.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Shibushi station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Shibushi station, where prices have decreased -8.9% compared to last year; a sq.m unit now costs 74,409 JPY/sq.m.

The top 1 stations has seen prices increase -8.9% (-7,303 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.9% (-7,303 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 36.0 years old in 2020 and 20.4 years old in 2021; -43.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2020 and 22.2% of total transactions in 2021)

Home stations market overview

The average price of Shibushi Home, the highest market value along this railway was 74,409 JPY/sq.m. The market value represents a decrease of 7,303 JPY (-8.9%) compared to 1 year ago and a transition to a bear market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) 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 74,409 JPY/sq.m. The market value represents a decrease of 7,303 JPY (-8.9%) compared to 1 year ago and a transition to a bear market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Nichinan Line (Stations Home market overview)
JR Nichinan LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Oosuminatsui---
Shibushi74,409 JPYsq.m
(20.376864535768647374sq.m)
81,712 JPYsq.m
(36.02739726027397810sq.m)
81,468 JPYsq.m
(26.380010147133437469sq.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

Shibushi74,409 JPY/sq.m (-9% compared with the previous year)

The average price of Shibushi Home was 74,409 JPY/sq.m. The market value represents a decrease of 7,303 JPY (-8.9%) compared to 1 year ago and a transition to a bear market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.4 years old (a -43.4% decrease compared to the 36.0 years old of last year.). The average size of the real estate was 374.5 sq.m (a -53.8% decrease compared to the 810.0 sq.m of last year.). The average total floor space of the real estate was 152.8 sq.m (a -11.0% decrease compared to the 171.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 36.0 years old in 2020 and 20.4 years old in 2021; -43.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2020 and 22.2% of total transactions in 2021)

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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