JR Nara Line Home market overview

The average price of a sq.m Home of JR Nara Line (Nara to Narayama), in Apr, 2016 to Jun, 2016 was 191,984 JPY/sq.m. The market value represents an increase of 17,829 JPY (+10.2%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 20.3 years old (a -0.8% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 172.1 sq.m (a -23.2% decrease compared to the 224.2 sq.m of last year.). The average total floor space of the real estate was 102.5 sq.m (a -54.4% decrease compared to the 225.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 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; 0 stations have experienced decreased prices. The overall trend was the same as last year. Nara station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nara station, where prices have increased +13.4% compared to last year; a sq.m unit now costs 197,500 JPY/sq.m.

The top 1 stations has seen prices increase +13.4% (+23,345 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +13.4% (+23,345 JPY/sq.m).


Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2015 and 16.7% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 11.2 min in 2015 and 12.9 min in 2016; +15.1%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2015 and 16.7% of total transactions in 2016)

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 197,500 JPY/sq.m. The market value represents an increase of 23,345 JPY (+13.4%) compared to 1 year ago and a transition to a bull 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 197,500 JPY/sq.m. The market value represents an increase of 23,345 JPY (+13.4%) compared to 1 year ago and a transition to a bull 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(2016)1 year ago2 years ago
Nara197,500 JPY (28.6Y/153.8sq.m)174,155 JPY (20.4Y/224.2sq.m)110,912 JPY (36.8Y/128.0sq.m)
Narayama180,952 JPY (11.9Y/196.7sq.m)-247,619 JPY (8.3Y/175.0sq.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

Nara197,500 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Home of Nara was 197,500 JPY/sq.m. The market value represents an increase of 23,345 JPY (+13.4%) compared to 1 year ago and a transition to a bull 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 28.6 years old (a +40.0% increase compared to the 20.4 years old of last year.). The average size of the real estate was 153.8 sq.m (a -31.4% decrease compared to the 224.2 sq.m of last year.). The average total floor space of the real estate was 102.5 sq.m (a -54.4% decrease compared to the 225.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.4 years old in 2015 and 28.6 years old in 2016; +40.0%)
  • A dramatic increase in average distance from the station (representing 11.2 min in 2015 and 15.8 min in 2016; +41.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2015 and 33.3% of total transactions in 2016)

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)