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, 2019 to Dec, 2019 was 294,484 JPY/sq.m. The market value represents an increase of 106,231 JPY (+56.4%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 3 (+15.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.3 years old (a +11.6% increase compared to the 19.1 years old of last year.). The average size of the real estate was 456.1 sq.m (a +116.7% increase compared to the 210.5 sq.m of last year.). The average total floor space of the real estate was 224.1 sq.m (a +34.5% increase compared to the 166.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Taniyama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Taniyama station, where prices have increased +68.9% compared to last year; a sq.m unit now costs 332,270 JPY/sq.m.

The top 1 stations has seen prices increase +68.9% (+135,490 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.4% (-33,963 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 21.8 min in 2018 and 19.6 min in 2019; -10.0%)

Causes of price decreases

  • An increase in average age of the building (representing 19.1 years old in 2018 and 21.3 years old in 2019; +11.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.8% of total transactions in 2018 and 36.4% of total transactions in 2019)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2018 and 13.6% of total transactions in 2019)

Home stations market overview

The average price of Taniyama Home, the highest market value along this railway was 332,270 JPY/sq.m. The market value represents an increase of 135,490 JPY (+68.9%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 4 (+26.7%) 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 124,451 JPY/sq.m. The market value represents a decrease of 33,963 JPY (-21.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Korimoto124,451 JPYsq.m
(33.52465753424657149sq.m)
158,414 JPYsq.m
(24.268493150684932203sq.m)
260,065 JPYsq.m
(26.19921722113503202sq.m)
Sasanuki---
Taniyama332,270 JPYsq.m
(18.59802130898021524sq.m)
196,779 JPYsq.m
(17.621917808219177213sq.m)
258,936 JPYsq.m
(7.633561643835616168sq.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

Taniyama332,270 JPY/sq.m (+69% compared with the previous year)

The average price of Taniyama Home was 332,270 JPY/sq.m. The market value represents an increase of 135,490 JPY (+68.9%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 4 (+26.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.6 years old (a +5.5% increase compared to the 17.6 years old of last year.). The average size of the real estate was 524.4 sq.m (a +146.2% increase compared to the 213.0 sq.m of last year.). The average total floor space of the real estate was 228.1 sq.m (a +77.9% increase compared to the 128.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 24.9 min in 2018 and 20.6 min in 2019; -17.5%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2018 and 11.1% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2018 and 38.9% of total transactions in 2019)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 21.4% of total transactions in 2018 and 11.1% of total transactions in 2019)

Korimoto124,451 JPY/sq.m (-21% compared with the previous year)

The average price of Korimoto Home was 124,451 JPY/sq.m. The market value represents a decrease of 33,963 JPY (-21.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.5 years old (a +38.1% increase compared to the 24.3 years old of last year.). The average size of the real estate was 148.8 sq.m (a -26.7% decrease compared to the 203.0 sq.m of last year.). The average total floor space of the real estate was 206.2 sq.m (a -31.5% decrease compared to the 301.2 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2018 and 25.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.3 years old in 2018 and 33.5 years old in 2019; +38.1%)
  • A dramatic increase in average distance from the station (representing 12.2 min in 2018 and 14.8 min in 2019; +20.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

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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