Tosa Kuroshio Railway Sukumo Line railway market report

Tosa Kuroshio Railway Sukumo Line Home market overview

The average price of Tosa Kuroshio Railway Sukumo Line (Sukumo to Nakamura) Home, in Apr, 2018 to Jun, 2018 was 104,810 JPY/sq.m. The market value represents an increase of 87 JPY (+0.1%) compared to 1 year ago and a transition to a slight market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a -13.3% decrease compared to the 28.9 years old of last year.). The average size of the real estate was 310.0 sq.m (a -11.6% decrease compared to the 350.6 sq.m of last year.). The average total floor space of the real estate was 128.0 sq.m (a -8.6% decrease compared to the 140.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -57.5% (-23,769 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -67.7% (-228,026 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 28.9 years old in 2017 and 25.0 years old in 2018; -13.3%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 40.0% of total transactions in 2017 and 25.0% of total transactions in 2018)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.1 min in 2017 and 61.9 min in 2018; +40.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Home stations market overview

The average price of Nakamura Home, the highest market value along this railway was 108,816 JPY/sq.m. The market value represents a decrease of 228,026 JPY (-67.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Sukumo Home, the lowest market value along this railway was 17,600 JPY/sq.m. The market value represents a decrease of 23,769 JPY (-57.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Tosa Kuroshio Railway Sukumo Line (Stations Home market overview)
Tosa Kuroshio Railway Sukumo LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Sukumo17,600 JPYsq.m
(0.0245sq.m)
41,369 JPYsq.m
(38.278082191780825454sq.m)
165,517 JPYsq.m
(12.26027397260274230sq.m)
Higashisukumo-115,370 JPYsq.m
(33.775342465753425294sq.m)
-
Hirata--20,909 JPYsq.m
(59.293150684931504260sq.m)
Kougyoudannchi---
Arioka--44,000 JPYsq.m
(29.273972602739725330sq.m)
Kunimi---
Gudou180,000 JPYsq.m
(31.273972602739725240sq.m)
-126,667 JPYsq.m
(26.2712328767123380.0sq.m)
Nakamura108,816 JPYsq.m
(22.93333333333333360sq.m)
336,842 JPYsq.m
(0.25205479452054796165sq.m)
22,166 JPYsq.m
(39.27945205479452168sq.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

Sukumo17,600 JPY/sq.m (-57% compared with the previous year)

The average price of Sukumo Home was 17,600 JPY/sq.m. The market value represents a decrease of 23,769 JPY (-57.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 245.0 sq.m (a -46.0% decrease compared to the 453.8 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a -6.5% decrease compared to the 133.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 82.5 min in 2017 and 120.0 min in 2018; +45.5%)

Nakamura108,816 JPY/sq.m (-68% compared with the previous year)

The average price of Nakamura Home was 108,816 JPY/sq.m. The market value represents a decrease of 228,026 JPY (-67.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.9 years old (a +8998.6% increase compared to the 0.3 years old of last year.). The average size of the real estate was 360.0 sq.m (a +118.2% increase compared to the 165.0 sq.m of last year.). The average total floor space of the real estate was 156.7 sq.m (a +64.9% increase compared to the 95.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.3 years old in 2017 and 22.9 years old in 2018; +8998.6%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2017 and 44.2 min in 2018; +1006.2%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2017 and 33.3% of total transactions in 2018)

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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