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 Jan, 2019 to Mar, 2019 was 60,805 JPY/sq.m. The market value represents a decrease of 6,807 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 4 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.9 years old (a +10.1% increase compared to the 28.0 years old of last year.). The average size of the real estate was 471.7 sq.m (a -8.1% decrease compared to the 513.1 sq.m of last year.). The average total floor space of the real estate was 445.8 sq.m (a +182.4% increase compared to the 157.9 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hirata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hirata station, where prices have increased +36.8% compared to last year; a sq.m unit now costs 54,737 JPY/sq.m.

The top 1 stations has seen prices increase +36.8% (+14,737 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -58.0% (-33,847 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2018 and 16.7% of total transactions in 2019)

Causes of price decreases

  • An increase in average age of the building (representing 28.0 years old in 2018 and 30.9 years old in 2019; +10.1%)
  • A dramatic increase in average distance from the station (representing 56.0 min in 2018 and 68.2 min in 2019; +21.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2018 and 66.7% of total transactions in 2019)

Home stations market overview

The average price of Nakamura Home, the highest market value along this railway was 87,034 JPY/sq.m. The market value represents a decrease of 66,812 JPY (-43.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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 24,496 JPY/sq.m. The market value represents a decrease of 33,847 JPY (-58.0%) 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 Sukumo Line (Stations Home market overview)
Tosa Kuroshio Railway Sukumo LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Sukumo24,496 JPYsq.m
(38.52602739726027650sq.m)
58,342 JPYsq.m
(22.34794520547945750sq.m)
-
Higashisukumo--43,060 JPYsq.m
(35.52465753424657495sq.m)
Hirata54,737 JPYsq.m
(39.02465753424657370sq.m)
40,000 JPYsq.m
(31.52191780821918610sq.m)
-
Kougyoudannchi---
Arioka--
Kunimi---
Gudou-75,000 JPYsq.m
(23.516438356164382172sq.m)
-
Nakamura87,034 JPYsq.m
(23.01461187214612387sq.m)
153,846 JPYsq.m
(43.03013698630137290sq.m)
131,350 JPYsq.m
(33.18949771689498623sq.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

Hirata54,737 JPY/sq.m (+37% compared with the previous year)

The average price of Hirata Home was 54,737 JPY/sq.m. The market value represents an increase of 14,737 JPY (+36.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 39.0 years old (a +23.8% increase compared to the 31.5 years old of last year.). The average size of the real estate was 370.0 sq.m (a -39.3% decrease compared to the 610.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a +90.0% increase compared to the 50.0 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 25.0 min in 2019; -58.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 31.5 years old in 2018 and 39.0 years old in 2019; +23.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

Sukumo24,496 JPY/sq.m (-58% compared with the previous year)

The average price of Sukumo Home was 24,496 JPY/sq.m. The market value represents a decrease of 33,847 JPY (-58.0%) 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 38.5 years old (a +72.4% increase compared to the 22.3 years old of last year.). The average size of the real estate was 650.0 sq.m (a -13.3% decrease compared to the 750.0 sq.m of last year.). The average total floor space of the real estate was 1070.0 sq.m (a +375.6% increase compared to the 225.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2018 and 50.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.3 years old in 2018 and 38.5 years old in 2019; +72.4%)
  • A dramatic increase in average distance from the station (representing 43.7 min in 2018 and 64.0 min in 2019; +46.6%)

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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