Tosa Kuroshio Railway Asa Line railway market report

Tosa Kuroshio Railway Asa Line Home market overview

The average price of Tosa Kuroshio Railway Asa Line (Gomenn to Nahari) Home, in Jul, 2018 to Sep, 2018 was 120,317 JPY/sq.m. The market value represents an increase of 13,266 JPY (+12.4%) compared to 1 year ago and a transition to a bull market. 20 properties exchanged hands ( The market value represents an increase of 2 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 25.2 years old (a -17.6% decrease compared to the 30.6 years old of last year.). The average size of the real estate was 228.2 sq.m (a -30.2% decrease compared to the 326.9 sq.m of last year.). The average total floor space of the real estate was 145.8 sq.m (a +12.1% increase compared to the 130.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 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.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Gomenn, Gomennmachi, Yasu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Noichi station, where prices have increased +149.7% compared to last year; a sq.m unit now costs 122,052 JPY/sq.m.

The top 2 stations has seen prices increase +94.6% (+43,157 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -61.1% (-80,365 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 30.6 years old in 2017 and 25.2 years old in 2018; -17.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 53.8% of total transactions in 2017 and 18.8% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 23.1% of total transactions in 2017 and 31.2% of total transactions in 2018)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 15.4% of total transactions in 2017 and 12.5% of total transactions in 2018)

Home stations market overview

The average price of Gomennmachi Home, the highest market value along this railway was 223,810 JPY/sq.m. The market value represents an increase of 42,878 JPY (+23.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nahari Home, the lowest market value along this railway was 18,400 JPY/sq.m. The market value represents a decrease of 22,863 JPY (-55.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

Tosa Kuroshio Railway Asa Line (Stations Home market overview)
Tosa Kuroshio Railway Asa LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Gomenn202,452 JPYsq.m
(19.267123287671232142sq.m)
166,346 JPYsq.m
(30.524657534246575230sq.m)
-
Gomennmachi223,810 JPYsq.m
(17.515068493150686110sq.m)
180,932 JPYsq.m
(22.519634703196346168sq.m)
211,111 JPYsq.m
(50.53972602739726190sq.m)
Tateda-13,636 JPYsq.m
(39.53150684931507150sq.m)
-
Noichi122,052 JPYsq.m
(24.187214611872147357sq.m)
48,880 JPYsq.m
(34.52739726027397197sq.m)
161,706 JPYsq.m
(23.27054794520548328sq.m)
Yoshikawa---
Akaoka---
Kagami---
Yasu46,474 JPYsq.m
(30.524657534246575143sq.m)
33,333 JPYsq.m
(36.52876712328767330sq.m)
-
Nishibunn---
Wajiki98,738 JPYsq.m
(7.50958904109589420sq.m)
-40,000 JPYsq.m
(0.0300sq.m)
Akano---
Ananai---
Kyuujoumae--224,000 JPYsq.m
(47.53698630136986570.0sq.m)
Aki68,572 JPYsq.m
(32.52602739726027348sq.m)
206,438 JPYsq.m
(0.5041095890410959320sq.m)
113,262 JPYsq.m
(7.50958904109589280sq.m)
Ioki100,000 JPYsq.m
(32.52602739726027195sq.m)
--
Shimoyama---
Tounohama---
Yasuda70,000 JPYsq.m
(0.0340sq.m)
--
Tano--428,571 JPYsq.m
(0.50410958904109591,100sq.m)
Nahari18,400 JPYsq.m
(52.53972602739726102sq.m)
41,263 JPYsq.m
(36.53013698630137417sq.m)
17,585 JPYsq.m
(52.03972602739726424sq.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

Noichi122,052 JPY/sq.m (+150% compared with the previous year)

The average price of Noichi Home was 122,052 JPY/sq.m. The market value represents an increase of 73,172 JPY (+149.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.2 years old (a -29.9% decrease compared to the 34.5 years old of last year.). The average size of the real estate was 356.7 sq.m (a +81.4% increase compared to the 196.7 sq.m of last year.). The average total floor space of the real estate was 116.7 sq.m (a +9.4% increase compared to the 106.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.5 years old in 2017 and 24.2 years old in 2018; -29.9%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2017 and 33.3% of total transactions in 2018)

Yasu46,474 JPY/sq.m (+39% compared with the previous year)

The average price of Yasu Home was 46,474 JPY/sq.m. The market value represents an increase of 13,141 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.5 years old (a -16.4% decrease compared to the 36.5 years old of last year.). The average size of the real estate was 143.3 sq.m (a -56.6% decrease compared to the 330.0 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -33.3% decrease compared to the 120.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 36.5 years old in 2017 and 30.5 years old in 2018; -16.4%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 14.3 min in 2018; -52.2%)

Aki68,572 JPY/sq.m (-67% compared with the previous year)

The average price of Aki Home was 68,572 JPY/sq.m. The market value represents a decrease of 137,866 JPY (-66.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 32.5 years old (a +6352.2% increase compared to the 0.5 years old of last year.). The average size of the real estate was 347.5 sq.m (a +8.6% increase compared to the 320.0 sq.m of last year.). The average total floor space of the real estate was 460.0 sq.m (a +155.6% increase compared to the 180.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2017 and 5.0 min in 2018; -66.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.5 years old in 2017 and 32.5 years old in 2018; +6352.2%)

Nahari18,400 JPY/sq.m (-55% compared with the previous year)

The average price of Nahari Home was 18,400 JPY/sq.m. The market value represents a decrease of 22,863 JPY (-55.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 52.5 years old (a +43.8% increase compared to the 36.5 years old of last year.). The average size of the real estate was 102.5 sq.m (a -75.4% decrease compared to the 416.7 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a -20.2% decrease compared to the 156.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 36.5 years old in 2017 and 52.5 years old in 2018; +43.8%)
  • A dramatic increase in average distance from the station (representing 70.0 min in 2017 and 120.0 min in 2018; +71.4%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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