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 Apr, 2020 to Jun, 2020 was 116,587 JPY/sq.m. The market value represents a decrease of 29,963 JPY (-20.4%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 2 (-11.8%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 31.8 years old (a +17.4% increase compared to the 27.1 years old of last year.). The average size of the real estate was 371.3 sq.m (a +32.9% increase compared to the 279.4 sq.m of last year.). The average total floor space of the real estate was 155.9 sq.m (a -2.0% decrease compared to the 159.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +228.3% (+189,617 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -72.2% (-120,860 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 27.1 years old in 2019 and 31.8 years old in 2020; +17.4%)
  • A dramatic increase in average distance from the station (representing 22.1 min in 2019 and 29.5 min in 2020; +33.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.0% of total transactions in 2019 and 40.0% of total transactions in 2020)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 30.0% of total transactions in 2019 and 40.0% of total transactions in 2020)

Home stations market overview

The average price of Noichi Home, the highest market value along this railway was 272,689 JPY/sq.m. The market value represents an increase of 189,617 JPY (+228.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average price of Gomennmachi Home, the lowest market value along this railway was 46,501 JPY/sq.m. The market value represents a decrease of 120,860 JPY (-72.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

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-340,000 JPYsq.m
(0.25205479452054796162sq.m)
285,714 JPYsq.m
(18.263013698630136130sq.m)
Gomennmachi46,501 JPYsq.m
(50.78767123287671270sq.m)
167,362 JPYsq.m
(9.757534246575343392sq.m)
292,441 JPYsq.m
(10.926027397260274178sq.m)
Tateda---
Noichi272,689 JPYsq.m
(1.2547945205479452474sq.m)
83,071 JPYsq.m
(28.26986301369863250sq.m)
152,814 JPYsq.m
(20.265753424657536400sq.m)
Yoshikawa---
Akaoka---
Kagami71,162 JPYsq.m
(32.02465753424657500sq.m)
-145,455 JPYsq.m
(19.265753424657536180sq.m)
Yasu65,000 JPYsq.m
(42.28219178082192100sq.m)
-25,000 JPYsq.m
(0.0950sq.m)
Nishibunn---
Wajiki-269,006 JPYsq.m
(42.78082191780822480sq.m)
464,286 JPYsq.m
(26.268493150684932680sq.m)
Akano---
Ananai---
Kyuujoumae-38,462 JPYsq.m
(52.28767123287671100sq.m)
-
Aki--258,333 JPYsq.m
(35.276712328767125220sq.m)
Ioki---
Shimoyama---
Tounohama---
Yasuda---
Tano-28,571 JPYsq.m
(0.0390sq.m)
-
Nahari21,739 JPYsq.m
(43.28219178082192360sq.m)
-34,154 JPYsq.m
(41.947031963470316177sq.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

Noichi272,689 JPY/sq.m (+228% compared with the previous year)

The average price of Noichi Home was 272,689 JPY/sq.m. The market value represents an increase of 189,617 JPY (+228.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 1.3 years old (a -95.6% decrease compared to the 28.3 years old of last year.). The average size of the real estate was 473.8 sq.m (a +89.5% increase compared to the 250.0 sq.m of last year.). The average total floor space of the real estate was 156.7 sq.m (a +71.7% increase compared to the 91.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.3 years old in 2019 and 1.3 years old in 2020; -95.6%)

Gomennmachi46,501 JPY/sq.m (-72% compared with the previous year)

The average price of Gomennmachi Home was 46,501 JPY/sq.m. The market value represents a decrease of 120,860 JPY (-72.2%) 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 50.8 years old (a +420.5% increase compared to the 9.8 years old of last year.). The average size of the real estate was 270.0 sq.m (a -31.2% decrease compared to the 392.5 sq.m of last year.). The average total floor space of the real estate was 187.5 sq.m (a +13.6% increase compared to the 165.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2019 and 9.0 min in 2020; -50.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.8 years old in 2019 and 50.8 years old in 2020; +420.5%)

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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