Kagoshima City Tramway Toso Line railway market report

Kagoshima City Tramway Toso Line Home market overview

The average price of Kagoshima City Tramway Toso Line (Korimoto to Korimoto) Home, in Jan, 2018 to Dec, 2018 was 237,374 JPY/sq.m. The market value represents a decrease of 12,289 JPY (-4.9%) compared to 1 year ago and a transition to a some 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 21.2 years old (a -18.7% decrease compared to the 26.0 years old of last year.). The average size of the real estate was 182.9 sq.m (a -3.5% decrease compared to the 189.6 sq.m of last year.). The average total floor space of the real estate was 193.8 sq.m (a -20.6% decrease compared to the 244.2 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 locations less than ten minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Korimoto station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Korimoto station, where prices have decreased -4.9% compared to last year; a sq.m unit now costs 237,374 JPY/sq.m.

The top 1 stations has seen prices increase -4.9% (-12,289 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.9% (-12,289 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 26.0 years old in 2017 and 21.2 years old in 2018; -18.7%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 31.6% of total transactions in 2017 and 15.8% of total transactions in 2018)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 21.1% of total transactions in 2017 and 26.3% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 26.3% of total transactions in 2017 and 36.8% of total transactions in 2018)

Home stations market overview

The average price of Korimoto Home, the highest market value along this railway was 237,374 JPY/sq.m. The market value represents a decrease of 12,289 JPY (-4.9%) compared to 1 year ago and a transition to a some 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 price of Korimoto Home, the lowest market value along this railway was 237,374 JPY/sq.m. The market value represents a decrease of 12,289 JPY (-4.9%) compared to 1 year ago and a transition to a some 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.).

Kagoshima City Tramway Toso Line (Stations Home market overview)
Kagoshima City Tramway Toso LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Korimoto237,374 JPYsq.m
(21.17404470079308183sq.m)
249,662 JPYsq.m
(26.03330930064888190sq.m)
200,667 JPYsq.m
(25.48473581213307265sq.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

Korimoto237,374 JPY/sq.m (-5% compared with the previous year)

The average price of Korimoto Home was 237,374 JPY/sq.m. The market value represents a decrease of 12,289 JPY (-4.9%) compared to 1 year ago and a transition to a some 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 21.2 years old (a -18.7% decrease compared to the 26.0 years old of last year.). The average size of the real estate was 182.9 sq.m (a -3.5% decrease compared to the 189.6 sq.m of last year.). The average total floor space of the real estate was 193.8 sq.m (a -20.6% decrease compared to the 244.2 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 26.0 years old in 2017 and 21.2 years old in 2018; -18.7%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 31.6% of total transactions in 2017 and 15.8% of total transactions in 2018)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 21.1% of total transactions in 2017 and 26.3% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 26.3% of total transactions in 2017 and 36.8% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Company Name Utinokati
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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Foundation November, 2014
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