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 Jan, 2018 to Dec, 2018 was 175,013 JPY/sq.m. The market value represents an increase of 7,360 JPY (+4.4%) compared to 1 year ago and a transition to a some market. 488 properties exchanged hands ( The market value represents an increase of 74 (+17.9%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 22.8 years old (a -5.4% decrease compared to the 24.1 years old of last year.). The average size of the real estate was 275.5 sq.m (a -5.9% decrease compared to the 292.9 sq.m of last year.). The average total floor space of the real estate was 185.4 sq.m (a +16.7% increase compared to the 159.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving relatively old buildings under 40 years old, as well as a some increase in transactions involving relatively large size more than 100 sq.m.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Kokubu, Hayato station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kajiki station, where prices have increased +112.2% compared to last year; a sq.m unit now costs 187,829 JPY/sq.m.

The top 2 stations has seen prices increase +66.0% (+61,175 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -17.7% (-16,832 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 40.3 min in 2017 and 36.0 min in 2018; -10.8%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 43.6% of total transactions in 2017 and 38.5% of total transactions in 2018)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 19.8% of total transactions in 2017 and 21.6% of total transactions in 2018)

Causes of price decreases

  • A some increase in transactions involving older buildings over 40 years old (representing 19.8% of total transactions in 2017 and 20.7% of total transactions in 2018)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.7% of total transactions in 2017 and 2.3% of total transactions in 2018)

Home stations market overview

The average price of Kagoshima-Chuo Home, the highest market value along this railway was 221,934 JPY/sq.m. The market value represents a decrease of 3,233 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 182 properties exchanged hands ( The market value represents an increase of 37 (+25.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kirishimajinnguu Home, the lowest market value along this railway was 38,614 JPY/sq.m. The market value represents a decrease of 8,121 JPY (-17.4%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands ( The market value represents an increase of 1 (+4.8%) compared to 1 year ago and a transition to a some 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.)
Takarabe55,785 JPYsq.m
(22.01682974559687429sq.m)
63,900 JPYsq.m
(24.351293759512938567sq.m)
62,113 JPYsq.m
(24.63387297633873681sq.m)
Kitamata-12,500 JPYsq.m
(25.76986301369863920sq.m)
-
Oosumiookawara3,793 JPYsq.m
(48.28493150684932210sq.m)
--
Kitanaganoda---
Kirishimajinnguu38,614 JPYsq.m
(30.09223744292237427sq.m)
46,736 JPYsq.m
(30.326315789473686375sq.m)
51,534 JPYsq.m
(25.192808219178083562sq.m)
Kokubu146,094 JPYsq.m
(20.962613277133826319sq.m)
130,982 JPYsq.m
(20.10376712328767479sq.m)
109,094 JPYsq.m
(23.993664383561644365sq.m)
Hayato139,148 JPYsq.m
(22.05283757338552423sq.m)
116,103 JPYsq.m
(34.49589041095891310sq.m)
151,510 JPYsq.m
(15.035020845741512370sq.m)
Kajiki187,829 JPYsq.m
(9.091019786910199308sq.m)
88,525 JPYsq.m
(28.59354207436399346sq.m)
182,860 JPYsq.m
(18.365479452054792360sq.m)
Kinnkou115,744 JPYsq.m
(35.359817351598174464sq.m)
141,286 JPYsq.m
(19.87358121330724499sq.m)
133,663 JPYsq.m
(22.893493150684932274sq.m)
Chousa161,965 JPYsq.m
(20.16761252446184354sq.m)
148,344 JPYsq.m
(18.505904581955598290sq.m)
125,807 JPYsq.m
(22.768634860651865336sq.m)
Aira133,347 JPYsq.m
(20.615479452054792233sq.m)
122,720 JPYsq.m
(27.9146771037182402sq.m)
125,856 JPYsq.m
(23.56876712328767295sq.m)
Shigetomi137,508 JPYsq.m
(18.807762557077623466sq.m)
154,938 JPYsq.m
(18.415342465753426237sq.m)
115,921 JPYsq.m
(25.30567514677104286sq.m)
Ryugamizu---
Kagoshima181,136 JPYsq.m
(19.654198927933294220sq.m)
180,941 JPYsq.m
(21.171593366979092229sq.m)
173,275 JPYsq.m
(20.05609756097561203sq.m)
Kagoshima-Chuo221,934 JPYsq.m
(25.417107721046076215sq.m)
225,168 JPYsq.m
(25.68351014522608205sq.m)
229,186 JPYsq.m
(24.776006641760066255sq.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

Kajiki187,829 JPY/sq.m (+112% compared with the previous year)

The average price of Kajiki Home was 187,829 JPY/sq.m. The market value represents an increase of 99,304 JPY (+112.2%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 5 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.1 years old (a -68.2% decrease compared to the 28.6 years old of last year.). The average size of the real estate was 307.7 sq.m (a -11.0% decrease compared to the 345.9 sq.m of last year.). The average total floor space of the real estate was 151.5 sq.m (a +18.2% increase compared to the 128.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.6 years old in 2017 and 9.1 years old in 2018; -68.2%)
  • A dramatic decrease in average distance from the station (representing 16.6 min in 2017 and 9.9 min in 2018; -40.4%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 21.4% of total transactions in 2017 and 55.6% of total transactions in 2018)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2017 and 22.2% of total transactions in 2018)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2017 and 9.1% of total transactions in 2018)

Hayato139,148 JPY/sq.m (+20% compared with the previous year)

The average price of Hayato Home was 139,148 JPY/sq.m. The market value represents an increase of 23,045 JPY (+19.8%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents an increase of 4 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 22.1 years old (a -36.1% decrease compared to the 34.5 years old of last year.). The average size of the real estate was 423.0 sq.m (a +36.3% increase compared to the 310.4 sq.m of last year.). The average total floor space of the real estate was 200.6 sq.m (a +86.0% increase compared to the 107.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.5 years old in 2017 and 22.1 years old in 2018; -36.1%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 41.2% of total transactions in 2017 and 19.0% of total transactions in 2018)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 41.2% of total transactions in 2017 and 33.3% of total transactions in 2018)

Kinnkou115,744 JPY/sq.m (-18% compared with the previous year)

The average price of Kinnkou Home was 115,744 JPY/sq.m. The market value represents a decrease of 25,542 JPY (-18.1%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.4 years old (a +77.9% increase compared to the 19.9 years old of last year.). The average size of the real estate was 464.2 sq.m (a -6.9% decrease compared to the 498.8 sq.m of last year.). The average total floor space of the real estate was 142.5 sq.m (a -32.1% decrease compared to the 210.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2017 and 16.7% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.9 years old in 2017 and 35.4 years old in 2018; +77.9%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 28.6% of total transactions in 2017 and 16.7% of total transactions in 2018)

Kirishimajinnguu38,614 JPY/sq.m (-17% compared with the previous year)

The average price of Kirishimajinnguu Home was 38,614 JPY/sq.m. The market value represents a decrease of 8,121 JPY (-17.4%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands ( The market value represents an increase of 1 (+4.8%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 30.1 years old (a -0.8% decrease compared to the 30.3 years old of last year.). The average size of the real estate was 426.9 sq.m (a +13.8% increase compared to the 375.0 sq.m of last year.). The average total floor space of the real estate was 146.4 sq.m (a +53.3% increase compared to the 95.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 21.1% of total transactions in 2017 and 11.1% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 68.4% of total transactions in 2017 and 83.3% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

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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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