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 Apr, 2020 to Jun, 2020 was 230,946 JPY/sq.m. The market value represents an increase of 22,023 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 17 properties exchanged hands ( The market value represents a decrease of 6 (-26.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.9 years old (a -31.5% decrease compared to the 21.7 years old of last year.). The average size of the real estate was 287.9 sq.m (a -16.8% decrease compared to the 346.0 sq.m of last year.). The average total floor space of the real estate was 225.9 sq.m (a -0.5% decrease compared to the 227.1 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 increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Korimoto station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Korimoto station, where prices have increased +59.3% compared to last year; a sq.m unit now costs 265,256 JPY/sq.m.

The top 1 stations has seen prices increase +59.3% (+98,717 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -3.3% (-7,410 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.7 years old in 2019 and 14.9 years old in 2020; -31.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 26.3% of total transactions in 2019 and 53.3% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 47.4% of total transactions in 2019 and 20.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 16.3 min in 2019 and 18.7 min in 2020; +15.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 15.8% of total transactions in 2019 and 20.0% of total transactions in 2020)

Home stations market overview

The average price of Korimoto Home, the highest market value along this railway was 265,256 JPY/sq.m. The market value represents an increase of 98,717 JPY (+59.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of Taniyama Home, the lowest market value along this railway was 216,650 JPY/sq.m. The market value represents a decrease of 7,410 JPY (-3.3%) compared to 1 year ago and a transition to a some market. 12 properties exchanged hands ( The market value represents a decrease of 6 (-33.3%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Korimoto265,256 JPYsq.m
(26.870684931506847226sq.m)
166,539 JPYsq.m
(31.872876712328768237sq.m)
263,931 JPYsq.m
(2.5034246575342465142sq.m)
Sasanuki---
Taniyama216,650 JPYsq.m
(8.858630136986301314sq.m)
224,059 JPYsq.m
(18.049510763209394380sq.m)
153,808 JPYsq.m
(25.34562697576396300sq.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

Korimoto265,256 JPY/sq.m (+59% compared with the previous year)

The average price of Korimoto Home was 265,256 JPY/sq.m. The market value represents an increase of 98,717 JPY (+59.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 26.9 years old (a -15.7% decrease compared to the 31.9 years old of last year.). The average size of the real estate was 226.0 sq.m (a -4.6% decrease compared to the 237.0 sq.m of last year.). The average total floor space of the real estate was 279.0 sq.m (a -35.1% decrease compared to the 430.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 31.9 years old in 2019 and 26.9 years old in 2020; -15.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.8 min in 2019 and 13.6 min in 2020; +25.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2019 and 60.0% of total transactions in 2020)

Taniyama216,650 JPY/sq.m (-3% compared with the previous year)

The average price of Taniyama Home was 216,650 JPY/sq.m. The market value represents a decrease of 7,410 JPY (-3.3%) compared to 1 year ago and a transition to a some market. 12 properties exchanged hands ( The market value represents a decrease of 6 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.9 years old (a -50.9% decrease compared to the 18.0 years old of last year.). The average size of the real estate was 313.8 sq.m (a -17.4% decrease compared to the 380.0 sq.m of last year.). The average total floor space of the real estate was 203.8 sq.m (a +31.8% increase compared to the 154.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.0 years old in 2019 and 8.9 years old in 2020; -50.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 35.7% of total transactions in 2019 and 60.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 17.8 min in 2019 and 20.8 min in 2020; +17.2%)

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.
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