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, 2020 to Dec, 2020 was 204,717 JPY/sq.m. The market value represents a decrease of 89,767 JPY (-30.5%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 1 (+4.3%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 22.7 years old (a +6.4% increase compared to the 21.3 years old of last year.). The average size of the real estate was 242.8 sq.m (a -46.8% decrease compared to the 456.1 sq.m of last year.). The average total floor space of the real estate was 217.2 sq.m (a -3.1% decrease compared to the 224.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

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 +35.4% compared to last year; a sq.m unit now costs 168,505 JPY/sq.m.

The top 1 stations has seen prices increase +35.4% (+44,054 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -33.6% (-111,710 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 13.6% of total transactions in 2019 and 21.7% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 36.4% of total transactions in 2019 and 26.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 18.2% of total transactions in 2019 and 26.1% of total transactions in 2020)

Home stations market overview

The average price of Taniyama Home, the highest market value along this railway was 220,560 JPY/sq.m. The market value represents a decrease of 111,710 JPY (-33.6%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 2 (-10.5%) compared to 1 year ago and a transition to a weak market.).

The average price of Korimoto Home, the lowest market value along this railway was 168,505 JPY/sq.m. The market value represents an increase of 44,054 JPY (+35.4%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Korimoto168,505 JPYsq.m
(36.77886497064579202sq.m)
124,451 JPYsq.m
(33.52465753424657149sq.m)
158,414 JPYsq.m
(24.268493150684932203sq.m)
Sasanuki---
Taniyama220,560 JPYsq.m
(16.514897260273973261sq.m)
332,270 JPYsq.m
(18.59802130898021524sq.m)
196,779 JPYsq.m
(17.621917808219177213sq.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

Korimoto168,505 JPY/sq.m (+35% compared with the previous year)

The average price of Korimoto Home was 168,505 JPY/sq.m. The market value represents an increase of 44,054 JPY (+35.4%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.8 years old (a +9.7% increase compared to the 33.5 years old of last year.). The average size of the real estate was 202.1 sq.m (a +35.9% increase compared to the 148.8 sq.m of last year.). The average total floor space of the real estate was 247.1 sq.m (a +19.8% increase compared to the 206.2 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2019 and 42.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2019 and 42.9% of total transactions in 2020)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 25.0% of total transactions in 2019 and 14.3% of total transactions in 2020)

Taniyama220,560 JPY/sq.m (-34% compared with the previous year)

The average price of Taniyama Home was 220,560 JPY/sq.m. The market value represents a decrease of 111,710 JPY (-33.6%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 2 (-10.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 16.5 years old (a -11.2% decrease compared to the 18.6 years old of last year.). The average size of the real estate was 260.6 sq.m (a -50.3% decrease compared to the 524.4 sq.m of last year.). The average total floor space of the real estate was 204.1 sq.m (a -10.5% decrease compared to the 228.1 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 18.6 years old in 2019 and 16.5 years old in 2020; -11.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.1% of total transactions in 2019 and 25.0% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 38.9% of total transactions in 2019 and 18.8% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2019 and 18.8% of total transactions in 2020)

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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