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 Jan, 2020 to Mar, 2020 was 138,406 JPY/sq.m. The market value represents an increase of 15,129 JPY (+12.3%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents an increase of 2 (+11.8%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 29.6 years old (a +14.8% increase compared to the 25.8 years old of last year.). The average size of the real estate was 319.2 sq.m (a -19.4% decrease compared to the 396.0 sq.m of last year.). The average total floor space of the real estate was 123.8 sq.m (a -13.8% decrease compared to the 143.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Gomennmachi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Noichi station, where prices have increased +104.7% compared to last year; a sq.m unit now costs 228,571 JPY/sq.m.

The top 1 stations has seen prices increase +104.7% (+116,885 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -69.0% (-125,344 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2019 and 33.3% of total transactions in 2020)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.9% of total transactions in 2019 and 10.5% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 25.8 years old in 2019 and 29.6 years old in 2020; +14.8%)
  • A dramatic increase in average distance from the station (representing 15.6 min in 2019 and 18.7 min in 2020; +20.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2019 and 41.7% of total transactions in 2020)

Home stations market overview

The average price of Noichi Home, the highest market value along this railway was 228,571 JPY/sq.m. The market value represents an increase of 116,885 JPY (+104.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kagami Home, the lowest market value along this railway was 56,364 JPY/sq.m. The market value represents a decrease of 125,344 JPY (-69.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Gomenn--113,372 JPYsq.m
(34.52328767123288215sq.m)
Gomennmachi98,924 JPYsq.m
(48.034246575342465526sq.m)
85,714 JPYsq.m
(39.359817351598174422sq.m)
-
Tateda78,947 JPYsq.m
(41.03013698630137430sq.m)
150,000 JPYsq.m
(24.016438356164382560sq.m)
38,462 JPYsq.m
(55.038356164383565160sq.m)
Noichi228,571 JPYsq.m
(18.613698630136987252sq.m)
111,687 JPYsq.m
(27.016438356164382199sq.m)
69,118 JPYsq.m
(33.52328767123288225sq.m)
Yoshikawa---
Akaoka-37,500 JPYsq.m
(0.0280sq.m)
66,364 JPYsq.m
(23.516438356164382340sq.m)
Kagami56,364 JPYsq.m
(23.016438356164382310sq.m)
181,708 JPYsq.m
(11.673059360730594955sq.m)
14,545 JPYsq.m
(43.03013698630137175sq.m)
Yasu-85,000 JPYsq.m
(28.019178082191782470sq.m)
217,391 JPYsq.m
(9.005479452054795220sq.m)
Nishibunn---
Wajiki---
Akano---
Ananai---
Kyuujoumae---
Aki106,250 JPYsq.m
(38.02602739726027307sq.m)
-23,077 JPYsq.m
(54.03561643835616580.0sq.m)
Ioki--26,666 JPYsq.m
(45.53013698630137138sq.m)
Shimoyama---
Tounohama---
Yasuda-120,464 JPYsq.m
(0.0218sq.m)
-
Tano---
Nahari4,516 JPYsq.m
(26.019178082191782290sq.m)
-33,183 JPYsq.m
(42.52876712328767164sq.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

Noichi228,571 JPY/sq.m (+105% compared with the previous year)

The average price of Noichi Home was 228,571 JPY/sq.m. The market value represents an increase of 116,885 JPY (+104.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.6 years old (a -31.1% decrease compared to the 27.0 years old of last year.). The average size of the real estate was 251.7 sq.m (a +26.6% increase compared to the 198.8 sq.m of last year.). The average total floor space of the real estate was 106.0 sq.m (a +29.8% increase compared to the 81.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.0 years old in 2019 and 18.6 years old in 2020; -31.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 20.0% of total transactions in 2020)

Kagami56,364 JPY/sq.m (-69% compared with the previous year)

The average price of Kagami Home was 56,364 JPY/sq.m. The market value represents a decrease of 125,344 JPY (-69.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.0 years old (a +97.2% increase compared to the 11.7 years old of last year.). The average size of the real estate was 310.0 sq.m (a -67.5% decrease compared to the 955.0 sq.m of last year.). The average total floor space of the real estate was 165.0 sq.m (a -30.8% decrease compared to the 238.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.3 min in 2019 and 5.0 min in 2020; -69.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.7 years old in 2019 and 23.0 years old in 2020; +97.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2019 and 100.0% 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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