Kagoshima City Tramway Taniyama Line railway market report

Kagoshima City Tramway Taniyama Line Home market overview

The average price of Kagoshima City Tramway Taniyama Line (Korimoto to Taniyama) Home, in Oct, 2018 to Dec, 2018 was 188,254 JPY/sq.m. The market value represents a decrease of 71,210 JPY (-27.4%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.1 years old (a +17.2% increase compared to the 16.3 years old of last year.). The average size of the real estate was 210.5 sq.m (a +13.6% increase compared to the 185.3 sq.m of last year.). The average total floor space of the real estate was 166.7 sq.m (a -8.3% decrease compared to the 181.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -24.0% (-62,157 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -39.1% (-101,651 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2017 and 16.7% of total transactions in 2018)

Causes of price decreases

  • An increase in average age of the building (representing 16.3 years old in 2017 and 19.1 years old in 2018; +17.2%)
  • An increase in average distance from the station (representing 19.6 min in 2017 and 21.8 min in 2018; +11.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2017 and 27.8% of total transactions in 2018)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2017 and 16.7% of total transactions in 2018)

Home stations market overview

The average price of Taniyama Home, the highest market value along this railway was 196,779 JPY/sq.m. The market value represents a decrease of 62,157 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 4 (+36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Korimoto Home, the lowest market value along this railway was 158,414 JPY/sq.m. The market value represents a decrease of 101,651 JPY (-39.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 4 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

Kagoshima City Tramway Taniyama Line (Stations Home market overview)
Kagoshima City Tramway Taniyama LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Korimoto158,414 JPYsq.m
(24.268493150684932203sq.m)
260,065 JPYsq.m
(26.19921722113503202sq.m)
199,064 JPYsq.m
(24.77054794520548489sq.m)
Sasanuki---
Taniyama196,779 JPYsq.m
(17.621917808219177213sq.m)
258,936 JPYsq.m
(7.633561643835616168sq.m)
269,327 JPYsq.m
(11.539117199391171371sq.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

Taniyama196,779 JPY/sq.m (-24% compared with the previous year)

The average price of Taniyama Home was 196,779 JPY/sq.m. The market value represents a decrease of 62,157 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 4 (+36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.6 years old (a +130.8% increase compared to the 7.6 years old of last year.). The average size of the real estate was 213.0 sq.m (a +26.5% increase compared to the 168.3 sq.m of last year.). The average total floor space of the real estate was 128.2 sq.m (a +32.4% increase compared to the 96.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.6 years old in 2017 and 17.6 years old in 2018; +130.8%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2017 and 21.4% of total transactions in 2018)

Korimoto158,414 JPY/sq.m (-39% compared with the previous year)

The average price of Korimoto Home was 158,414 JPY/sq.m. The market value represents a decrease of 101,651 JPY (-39.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 4 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.3 years old (a -7.4% decrease compared to the 26.2 years old of last year.). The average size of the real estate was 203.0 sq.m (a +0.4% increase compared to the 202.2 sq.m of last year.). The average total floor space of the real estate was 301.2 sq.m (a +8.1% increase compared to the 278.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.7 min in 2017 and 12.2 min in 2018; -16.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2017 and 25.0% 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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