Asa Kaigan Railway Line railway market report

Asa Kaigan Railway Line Home market overview

The average price of Asa Kaigan Railway Line (Kannnoura to Kannnoura) Home, in Jan, 2019 to Mar, 2019 was 2,500 JPY/sq.m. The market value represents a decrease of 357 JPY (-12.5%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 50.0 years old (a +222.5% increase compared to the 15.5 years old of last year.). The average size of the real estate was 110.0 sq.m (a -40.5% decrease compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a +242.9% increase compared to the 35.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving relatively large size more than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kannnoura station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Kannnoura station, where prices have decreased -12.5% compared to last year; a sq.m unit now costs 2,500 JPY/sq.m.

The top 1 stations has seen prices increase -12.5% (-357 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -12.5% (-357 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2018 and 16.0 min in 2019; -73.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.5 years old in 2018 and 50.0 years old in 2019; +222.5%)

Home stations market overview

The average price of Kannnoura Home, the highest market value along this railway was 2,500 JPY/sq.m. The market value represents a decrease of 357 JPY (-12.5%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average price of Kannnoura Home, the lowest market value along this railway was 2,500 JPY/sq.m. The market value represents a decrease of 357 JPY (-12.5%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

Asa Kaigan Railway Line (Stations Home market overview)
Asa Kaigan Railway LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kannnoura2,500 JPYsq.m
(50.032876712328765110sq.m)
2,857 JPYsq.m
(15.515068493150684185sq.m)
33,593 JPYsq.m
(40.71643835616438668sq.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

Kannnoura2,500 JPY/sq.m (-12% compared with the previous year)

The average price of Kannnoura Home was 2,500 JPY/sq.m. The market value represents a decrease of 357 JPY (-12.5%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 50.0 years old (a +222.5% increase compared to the 15.5 years old of last year.). The average size of the real estate was 110.0 sq.m (a -40.5% decrease compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a +242.9% increase compared to the 35.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2018 and 16.0 min in 2019; -73.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.5 years old in 2018 and 50.0 years old in 2019; +222.5%)

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
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.
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