JR Sakurai Line Home market overview

The average price of a sq.m Home of JR Sakurai Line (Nara to Takada), in Jan, 2015 to Mar, 2015 was 124,535 JPY/sq.m. The market value represents a decrease of 77,954 JPY (-38.5%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents an increase of 4 (+17.4%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.9 years old (a +13.0% increase compared to the 19.4 years old of last year.). The average size of the real estate was 254.8 sq.m (a +6.9% increase compared to the 238.5 sq.m of last year.). The average total floor space of the real estate was 171.9 sq.m (a +66.1% increase compared to the 103.5 sq.m of last year.).

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

4 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Takada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Miwa station, where prices have increased +741.7% compared to last year; a sq.m unit now costs 91,176 JPY/sq.m.

The top 2 stations has seen prices increase +413.3% (+61,816 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -66.3% (-170,558 JPY/sq.m).


Cause of price increases

  • An increase in transactions involving nearly new buildings under 3 years old (representing 26.1% of total transactions in 2014 and 29.2% of total transactions in 2015)
  • A some decrease in transactions involving older buildings over 40 years old (representing 17.4% of total transactions in 2014 and 16.7% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 19.4 years old in 2014 and 21.9 years old in 2015; +13.0%)
  • A dramatic increase in average distance from the station (representing 15.6 min in 2014 and 19.4 min in 2015; +24.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 26.1% of total transactions in 2014 and 41.7% of total transactions in 2015)

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 Sakurai, the highest market value along this railway was 238,095 JPY/sq.m. The market value represents an increase of 22,604 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Tennri, the lowest market value along this railway was 53,333 JPY/sq.m. The market value represents a decrease of 111,372 JPY (-67.6%) 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(2015)1 year ago2 years ago
Nara124,349 JPY (23.1Y/234.2sq.m)354,093 JPY (10.8Y/177.5sq.m)209,376 JPY (4.5Y/120.0sq.m)
Kyoubate136,370 JPY (27.4Y/136.7sq.m)176,470 JPY (14.0Y/100.0sq.m)236,591 JPY (0.0Y/135.0sq.m)
Obitoke---
Ichinomoto116,648 JPY (12.7Y/148.3sq.m)104,667 JPY (33.0Y/118.3sq.m)-
Tennri53,333 JPY (0.0Y/45.0sq.m)164,705 JPY (40.0Y/180.0sq.m)157,016 JPY (4.5Y/475.0sq.m)
Nagara200,000 JPY (1.0Y/180.0sq.m)308,154 JPY (29.4Y/803.3sq.m)-
Yanagimoto-74,545 JPY (27.0Y/400.0sq.m)-
Makimuku---
Miwa91,176 JPY (32.5Y/1035.0sq.m)10,833 JPY (46.0Y/90.0sq.m)35,588 JPY (32.0Y/75.0sq.m)
Sakurai238,095 JPY (0.0Y/240.0sq.m)215,491 JPY (4.5Y/150.0sq.m)149,318 JPY (17.0Y/145.0sq.m)
Kaguyama---
Unebi--120,238 JPY (15.0Y/103.3sq.m)
Kanahashi-180,952 JPY (1.0Y/140.0sq.m)69,565 JPY (19.0Y/300.0sq.m)
Takada94,268 JPY (31.5Y/102.5sq.m)50,980 JPY (30.5Y/100.0sq.m)79,874 JPY (28.4Y/78.3sq.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

Miwa91,176 JPY/sq.m (+742% compared with the previous year)

The average price of a sq.m Home of Miwa was 91,176 JPY/sq.m. The market value represents an increase of 80,343 JPY (+741.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.5 years old (a -29.3% decrease compared to the 46.0 years old of last year.). The average size of the real estate was 1035.0 sq.m (a +1050.0% increase compared to the 90.0 sq.m of last year.). The average total floor space of the real estate was 267.5 sq.m (a +122.9% increase compared to the 120.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 46.0 years old in 2014 and 32.5 years old in 2015; -29.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2014 and 19.5 min in 2015; +387.5%)

Takada94,268 JPY/sq.m (+85% compared with the previous year)

The average price of a sq.m Home of Takada was 94,268 JPY/sq.m. The market value represents an increase of 43,288 JPY (+84.9%) 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 31.5 years old (a +3.3% increase compared to the 30.5 years old of last year.). The average size of the real estate was 102.5 sq.m (a +2.5% increase compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 70.0 sq.m (a -26.3% decrease compared to the 95.0 sq.m of last year.).

Tennri53,333 JPY/sq.m (-68% compared with the previous year)

The average price of a sq.m Home of Tennri was 53,333 JPY/sq.m. The market value represents a decrease of 111,372 JPY (-67.6%) 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 size of the real estate was 45.0 sq.m (a -75.0% decrease compared to the 180.0 sq.m of last year.). The average total floor space of the real estate was 30.0 sq.m (a -64.7% decrease compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2014 and 8.0 min in 2015; -33.3%)

Nara124,349 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Home of Nara was 124,349 JPY/sq.m. The market value represents a decrease of 229,744 JPY (-64.9%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 9 (+225.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.1 years old (a +114.7% increase compared to the 10.8 years old of last year.). The average size of the real estate was 234.2 sq.m (a +32.0% increase compared to the 177.5 sq.m of last year.). The average total floor space of the real estate was 220.4 sq.m (a +83.7% increase compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.8 years old in 2014 and 23.1 years old in 2015; +114.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)