JR Nara Line Home market overview

The average price of a sq.m Home of JR Nara Line (Nara to Narayama), in Jan, 2013 to Mar, 2013 was 209,376 JPY/sq.m. The market value represents an increase of 75,228 JPY (+56.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.5 years old (a -80.9% decrease compared to the 23.5 years old of last year.). The average size of the real estate was 120.0 sq.m (a -42.3% decrease compared to the 208.1 sq.m of last year.). The average total floor space of the real estate was 98.8 sq.m (a -50.5% decrease compared to the 199.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Nara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nara station, where prices have increased +72.6% compared to last year; a sq.m unit now costs 209,376 JPY/sq.m.

The top 1 stations has seen prices increase +72.6% (+88,051 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +72.6% (+88,051 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.5 years old in 2012 and 4.5 years old in 2013; -80.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.5% of total transactions in 2012 and 75.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.2 min in 2012 and 24.5 min in 2013; +21.0%)

Breakdown of each segment

The table below shows Home dealt in JR Nara Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Home stations market overview

The average price of a sq.m Home of Nara, the highest market value along this railway was 209,376 JPY/sq.m. The market value represents an increase of 88,051 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Nara, the lowest market value along this railway was 209,376 JPY/sq.m. The market value represents an increase of 88,051 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Nara Line (Stations Home market overview)
JR Nara LineThis year(2013)1 year ago2 years ago
Nara209,376 JPY (4.5Y/120.0sq.m)121,325 JPY (22.0Y/185.8sq.m)186,483 JPY (18.3Y/125.0sq.m)
Narayama-172,618 JPY (28.0Y/275.0sq.m)209,091 JPY (7.6Y/163.6sq.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.
Top

Noteworthy stations

Nara209,376 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Home of Nara was 209,376 JPY/sq.m. The market value represents an increase of 88,051 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.5 years old (a -79.5% decrease compared to the 22.0 years old of last year.). The average size of the real estate was 120.0 sq.m (a -35.4% decrease compared to the 185.8 sq.m of last year.). The average total floor space of the real estate was 98.8 sq.m (a -56.1% decrease compared to the 225.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.0 years old in 2012 and 4.5 years old in 2013; -79.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2012 and 75.0% of total transactions in 2013)

Causes of price decreases

  • An increase in average distance from the station (representing 22.2 min in 2012 and 24.5 min in 2013; +10.5%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)