JR Sakurai Line Home market overview

The average price of a sq.m Home of JR Sakurai Line (Nara to Takada), in Apr, 2016 to Jun, 2016 was 115,690 JPY/sq.m. The market value represents a decrease of 12,426 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 18 properties exchanged hands ( The market value represents a decrease of 4 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 26.2 years old (a +30.4% increase compared to the 20.1 years old of last year.). The average size of the real estate was 205.3 sq.m (a -22.3% decrease compared to the 264.3 sq.m of last year.). The average total floor space of the real estate was 199.7 sq.m (a -4.6% decrease compared to the 209.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

3 stations have experienced increased prices; 2 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 Obitoke station, where prices have increased +148.1% compared to last year; a sq.m unit now costs 37,981 JPY/sq.m.

The top 1 stations has seen prices increase +148.1% (+22,675 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -75.7% (-120,960 JPY/sq.m).


Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 47.6% of total transactions in 2015 and 46.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.1 years old in 2015 and 26.2 years old in 2016; +30.4%)
  • A dramatic increase in average distance from the station (representing 12.7 min in 2015 and 15.2 min in 2016; +20.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2015 and 20.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 28.6% of total transactions in 2015 and 20.0% of total transactions in 2016)

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 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 Obitoke, the lowest market value along this railway was 37,981 JPY/sq.m. The market value represents an increase of 22,675 JPY (+148.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Sakurai Line (Stations Home market overview)
JR Sakurai 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)
Kyoubate62,352 JPY (28.3Y/60.0sq.m)228,571 JPY (0.3Y/140.0sq.m)95,238 JPY (28.3Y/120.0sq.m)
Obitoke37,981 JPY (33.5Y/315.0sq.m)15,306 JPY (36.3Y/930.0sq.m)38,095 JPY (41.3Y/135.0sq.m)
Ichinomoto-77,328 JPY (19.7Y/600.0sq.m)-
Tennri38,888 JPY (41.3Y/125.0sq.m)159,848 JPY (12.3Y/146.2sq.m)-
Nagara17,647 JPY (0.0Y/330.0sq.m)-68,750 JPY (22.3Y/220.0sq.m)
Yanagimoto-60,000 JPY (45.3Y/270.0sq.m)200,000 JPY (0.3Y/150.0sq.m)
Makimuku-51,428 JPY (26.4Y/165.0sq.m)71,578 JPY (35.3Y/180.0sq.m)
Miwa8,771 JPY (37.3Y/380.0sq.m)-39,064 JPY (36.3Y/400.0sq.m)
Sakurai179,841 JPY (16.9Y/168.3sq.m)137,313 JPY (16.5Y/133.8sq.m)198,309 JPY (11.8Y/140.0sq.m)
Kaguyama110,000 JPY (15.3Y/145.0sq.m)--
Unebi---
Kanahashi247,619 JPY (0.3Y/140.0sq.m)--
Takada-29,411 JPY (29.3Y/45.0sq.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

Obitoke37,981 JPY/sq.m (+148% compared with the previous year)

The average price of a sq.m Home of Obitoke was 37,981 JPY/sq.m. The market value represents an increase of 22,675 JPY (+148.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.5 years old (a -7.6% decrease compared to the 36.3 years old of last year.). The average size of the real estate was 315.0 sq.m (a -66.1% decrease compared to the 930.0 sq.m of last year.). The average total floor space of the real estate was 390.0 sq.m (a -60.2% decrease compared to the 980.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2015 and 14.2 min in 2016; +29.5%)

Tennri38,888 JPY/sq.m (-76% compared with the previous year)

The average price of a sq.m Home of Tennri was 38,888 JPY/sq.m. The market value represents a decrease of 120,960 JPY (-75.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 41.3 years old (a +236.7% increase compared to the 12.3 years old of last year.). The average size of the real estate was 125.0 sq.m (a -14.5% decrease compared to the 146.2 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -59.1% decrease compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.3 years old in 2015 and 41.3 years old in 2016; +236.7%)
  • A dramatic increase in average distance from the station (representing 15.8 min in 2015 and 20.0 min in 2016; +27.0%)

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)