JR Sakurai Line Home market overview

The average price of a sq.m Home of JR Sakurai Line (Nara to Takada), in Oct, 2014 to Dec, 2014 was 156,213 JPY/sq.m. The market value represents a decrease of 16,857 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 29 properties exchanged hands ( The market value represents an increase of 4 (+16.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 25.1 years old (a +8.1% increase compared to the 23.2 years old of last year.). The average size of the real estate was 289.0 sq.m (a +17.8% increase compared to the 245.2 sq.m of last year.). The average total floor space of the real estate was 193.3 sq.m (a +11.1% increase compared to the 174.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Sakurai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ichinomoto station, where prices have increased +134.2% compared to last year; a sq.m unit now costs 96,000 JPY/sq.m.

The top 2 stations has seen prices increase +133.8% (+92,963 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -89.1% (-339,422 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 10.0% of total transactions in 2013 and 20.8% of total transactions in 2014)
  • An decrease in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2013 and 16.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.0% of total transactions in 2013 and 54.2% of total transactions in 2014)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.0% of total transactions in 2013 and 3.4% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in JR Sakurai 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 Tennri, the highest market value along this railway was 229,123 JPY/sq.m. The market value represents an increase of 130,911 JPY (+133.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Unebi, the lowest market value along this railway was 15,384 JPY/sq.m. The market value represents a decrease of 384,616 JPY (-96.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Sakurai Line (Stations Home market overview)
JR Sakurai LineThis year(2014)1 year ago2 years ago
Nara218,026 JPY (24.4Y/409.1sq.m)276,651 JPY (18.0Y/259.2sq.m)96,091 JPY (26.8Y/93.3sq.m)
Kyoubate-52,941 JPY (19.8Y/65.0sq.m)242,105 JPY (24.3Y/1057.5sq.m)
Obitoke-39,523 JPY (24.4Y/87.5sq.m)91,428 JPY (22.5Y/390.0sq.m)
Ichinomoto96,000 JPY (0.0Y/230.0sq.m)40,984 JPY (57.8Y/355.0sq.m)-
Tennri229,123 JPY (19.3Y/201.0sq.m)98,213 JPY (43.3Y/186.7sq.m)50,206 JPY (33.4Y/440.0sq.m)
Nagara40,358 JPY (35.3Y/198.3sq.m)190,000 JPY (0.8Y/150.0sq.m)44,444 JPY (30.8Y/80.0sq.m)
Yanagimoto-50,000 JPY (42.8Y/140.0sq.m)189,473 JPY (8.8Y/135.0sq.m)
Makimuku70,833 JPY (28.8Y/195.0sq.m)-76,923 JPY (45.8Y/165.0sq.m)
Miwa62,352 JPY (38.8Y/340.0sq.m)-200,000 JPY (20.3Y/1070.0sq.m)
Sakurai166,507 JPY (2.3Y/268.3sq.m)132,079 JPY (10.4Y/262.0sq.m)174,545 JPY (13.1Y/403.3sq.m)
Kaguyama---
Unebi15,384 JPY (43.8Y/200.0sq.m)400,000 JPY (-0.2Y/165.0sq.m)228,571 JPY (0.8Y/137.5sq.m)
Kanahashi65,000 JPY (35.8Y/150.0sq.m)141,176 JPY (8.8Y/100.0sq.m)-
Takada64,105 JPY (29.8Y/180.0sq.m)358,333 JPY (39.3Y/600.0sq.m)77,611 JPY (30.8Y/100.0sq.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

Ichinomoto96,000 JPY/sq.m (+134% compared with the previous year)

The average price of a sq.m Home of Ichinomoto was 96,000 JPY/sq.m. The market value represents an increase of 55,016 JPY (+134.2%) 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 size of the real estate was 230.0 sq.m (a -35.2% decrease compared to the 355.0 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a -29.6% decrease compared to the 177.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 12.5 min in 2013 and 14.0 min in 2014; +12.0%)

Tennri229,123 JPY/sq.m (+133% compared with the previous year)

The average price of a sq.m Home of Tennri was 229,123 JPY/sq.m. The market value represents an increase of 130,911 JPY (+133.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.3 years old (a -55.4% decrease compared to the 43.3 years old of last year.). The average size of the real estate was 201.0 sq.m (a +7.7% increase compared to the 186.7 sq.m of last year.). The average total floor space of the real estate was 265.0 sq.m (a +21.4% increase compared to the 218.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 43.3 years old in 2013 and 19.3 years old in 2014; -55.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2013 and 25.0% of total transactions in 2014)

Unebi15,384 JPY/sq.m (-96% compared with the previous year)

The average price of a sq.m Home of Unebi was 15,384 JPY/sq.m. The market value represents a decrease of 384,616 JPY (-96.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 43.8 years old (a -17856.7% decrease compared to the -0.2 years old of last year.). The average size of the real estate was 200.0 sq.m (a +21.2% increase compared to the 165.0 sq.m of last year.). The average total floor space of the real estate was 65.0 sq.m (a -48.0% decrease compared to the 125.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing -0.2 years old in 2013 and 43.8 years old in 2014; -17856.7%)

Takada64,105 JPY/sq.m (-82% compared with the previous year)

The average price of a sq.m Home of Takada was 64,105 JPY/sq.m. The market value represents a decrease of 294,228 JPY (-82.1%) 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 29.8 years old (a -24.2% decrease compared to the 39.3 years old of last year.). The average size of the real estate was 180.0 sq.m (a -70.0% decrease compared to the 600.0 sq.m of last year.). The average total floor space of the real estate was 172.5 sq.m (a -69.9% decrease compared to the 572.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 39.3 years old in 2013 and 29.8 years old in 2014; -24.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2013 and 12.5 min in 2014; +108.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

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)