JR Nippō Main Line railway market report

JR Nippō Main Line Home market overview

The average price of JR Nippō Main Line (Takarabe to Kagoshima-Chuo) Home, in Apr, 2018 to Jun, 2018 was 165,596 JPY/sq.m. The market value represents a decrease of 9,591 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 119 properties exchanged hands ( The market value represents an increase of 11 (+10.2%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.6 years old (a -15.2% decrease compared to the 25.5 years old of last year.). The average size of the real estate was 272.5 sq.m (a -9.3% decrease compared to the 300.5 sq.m of last year.). The average total floor space of the real estate was 179.3 sq.m (a +16.4% increase compared to the 154.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kokubu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takarabe station, where prices have increased +5468.8% compared to last year; a sq.m unit now costs 101,241 JPY/sq.m.

The top 2 stations has seen prices increase +2855.3% (+107,450 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -45.0% (-41,761 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 25.5 years old in 2017 and 21.6 years old in 2018; -15.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 17.5% of total transactions in 2017 and 27.4% of total transactions in 2018)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 48.5% of total transactions in 2017 and 37.2% of total transactions in 2018)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 3.1% of total transactions in 2017 and 1.8% of total transactions in 2018)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2017 and 1.7% of total transactions in 2018)

Home stations market overview

The average price of Kagoshima-Chuo Home, the highest market value along this railway was 200,559 JPY/sq.m. The market value represents a decrease of 25,854 JPY (-11.4%) compared to 1 year ago and a transition to a weak market. 41 properties exchanged hands ( The market value represents a decrease of 4 (-8.9%) compared to 1 year ago and a transition to a bear market.).

The average price of Kirishimajinnguu Home, the lowest market value along this railway was 39,673 JPY/sq.m. The market value represents a decrease of 45,089 JPY (-53.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Nippō Main Line (Stations Home market overview)
JR Nippō Main LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Takarabe101,241 JPYsq.m
(19.765753424657536447sq.m)
1,818 JPYsq.m
(0.0555sq.m)
87,500 JPYsq.m
(11.260273972602741,500sq.m)
Kitamata---
Oosumiookawara3,793 JPYsq.m
(48.28493150684932210sq.m)
--
Kitanaganoda---
Kirishimajinnguu39,673 JPYsq.m
(31.27260273972603515sq.m)
84,762 JPYsq.m
(24.469041095890415322sq.m)
81,668 JPYsq.m
(20.267123287671232318sq.m)
Kokubu147,732 JPYsq.m
(17.863744292237442329sq.m)
99,631 JPYsq.m
(21.903362391033625466sq.m)
111,051 JPYsq.m
(27.07150684931507354sq.m)
Hayato154,332 JPYsq.m
(24.643150684931506404sq.m)
75,238 JPYsq.m
(49.286757990867585323sq.m)
152,144 JPYsq.m
(14.929680365296802222sq.m)
Kajiki163,230 JPYsq.m
(6.589041095890411208sq.m)
47,754 JPYsq.m
(34.075616438356164400sq.m)
-
Kinnkou-122,182 JPYsq.m
(28.77123287671233860sq.m)
130,000 JPYsq.m
(21.268493150684932690sq.m)
Chousa155,480 JPYsq.m
(21.81195516811955367sq.m)
131,556 JPYsq.m
(19.9324200913242374sq.m)
121,358 JPYsq.m
(16.763698630136986306sq.m)
Aira66,259 JPYsq.m
(24.601826484018265301sq.m)
104,691 JPYsq.m
(33.27579908675799690sq.m)
76,022 JPYsq.m
(35.94429223744292237sq.m)
Shigetomi90,169 JPYsq.m
(14.261643835616438617sq.m)
-129,000 JPYsq.m
(28.27260273972603158sq.m)
Ryugamizu---
Kagoshima171,137 JPYsq.m
(19.26491043203372209sq.m)
233,480 JPYsq.m
(16.596738421395955211sq.m)
169,297 JPYsq.m
(21.910567514677105221sq.m)
Kagoshima-Chuo200,559 JPYsq.m
(24.042876712328766185sq.m)
226,412 JPYsq.m
(28.344737721349816195sq.m)
187,223 JPYsq.m
(29.14228707564026279sq.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

Takarabe101,241 JPY/sq.m (+5469% compared with the previous year)

The average price of Takarabe Home was 101,241 JPY/sq.m. The market value represents an increase of 99,423 JPY (+5468.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 446.7 sq.m (a -19.5% decrease compared to the 555.0 sq.m of last year.). The average total floor space of the real estate was 83.3 sq.m (a -49.5% decrease compared to the 165.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 120.0 min in 2017 and 100.0 min in 2018; -16.7%)

Kajiki163,230 JPY/sq.m (+242% compared with the previous year)

The average price of Kajiki Home was 163,230 JPY/sq.m. The market value represents an increase of 115,477 JPY (+241.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 6.6 years old (a -80.7% decrease compared to the 34.1 years old of last year.). The average size of the real estate was 208.3 sq.m (a -47.9% decrease compared to the 400.0 sq.m of last year.). The average total floor space of the real estate was 245.0 sq.m (a +62.4% increase compared to the 150.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.1 years old in 2017 and 6.6 years old in 2018; -80.7%)
  • A dramatic decrease in average distance from the station (representing 16.0 min in 2017 and 7.7 min in 2018; -52.1%)

Kirishimajinnguu39,673 JPY/sq.m (-53% compared with the previous year)

The average price of Kirishimajinnguu Home was 39,673 JPY/sq.m. The market value represents a decrease of 45,089 JPY (-53.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.3 years old (a +27.8% increase compared to the 24.5 years old of last year.). The average size of the real estate was 515.0 sq.m (a +59.9% increase compared to the 322.0 sq.m of last year.). The average total floor space of the real estate was 87.5 sq.m (a -10.7% decrease compared to the 98.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 62.6 min in 2017 and 45.0 min in 2018; -28.1%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.5 years old in 2017 and 31.3 years old in 2018; +27.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Aira66,259 JPY/sq.m (-37% compared with the previous year)

The average price of Aira Home was 66,259 JPY/sq.m. The market value represents a decrease of 38,432 JPY (-36.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.6 years old (a -26.1% decrease compared to the 33.3 years old of last year.). The average size of the real estate was 301.2 sq.m (a -56.3% decrease compared to the 690.0 sq.m of last year.). The average total floor space of the real estate was 87.5 sq.m (a -52.4% decrease compared to the 183.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 33.3 years old in 2017 and 24.6 years old in 2018; -26.1%)
  • An decrease in average distance from the station (representing 15.8 min in 2017 and 13.8 min in 2018; -12.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 33.3% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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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