JR Wakayama Line Home market overview

The average price of a sq.m Home of JR Wakayama Line (Ouji to Yamatofutami), in Jan, 2013 to Mar, 2013 was 185,609 JPY/sq.m. The market value represents an increase of 41,930 JPY (+29.2%) compared to 1 year ago and a transition to a dramatic market. 46 properties exchanged hands ( The market value represents an increase of 8 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.7 years old (a -34.1% decrease compared to the 22.3 years old of last year.). The average size of the real estate was 201.4 sq.m (a -8.2% decrease compared to the 219.5 sq.m of last year.). The average total floor space of the real estate was 122.1 sq.m (a -5.2% decrease compared to the 128.8 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, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

8 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was toward increased prices. Hatakeda, JR-Goidou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Gojou station, where prices have increased +952.8% compared to last year; a sq.m unit now costs 128,673 JPY/sq.m.

The top 2 stations has seen prices increase +754.3% (+150,870 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -15.7% (-14,985 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.3 years old in 2012 and 14.7 years old in 2013; -34.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 24.3% of total transactions in 2012 and 40.9% of total transactions in 2013)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2012 and 10.9% of total transactions in 2013)

Causes of price decreases

  • An increase in average distance from the station (representing 17.3 min in 2012 and 19.6 min in 2013; +13.5%)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.4% of total transactions in 2012 and 2.3% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in JR Wakayama 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 Hatakeda, the highest market value along this railway was 268,095 JPY/sq.m. The market value represents an increase of 86,057 JPY (+47.3%) 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 Yamatoshinnjou, the lowest market value along this railway was 54,166 JPY/sq.m. The market value represents a decrease of 9,643 JPY (-15.1%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

JR Wakayama Line (Stations Home market overview)
JR Wakayama LineThis year(2013)1 year ago2 years ago
Ouji201,360 JPY (16.8Y/175.2sq.m)171,454 JPY (20.4Y/196.7sq.m)189,703 JPY (16.8Y/220.0sq.m)
Hatakeda268,095 JPY (4.4Y/164.0sq.m)182,038 JPY (19.3Y/206.7sq.m)61,000 JPY (0.0Y/160.0sq.m)
Shizumi157,606 JPY (20.7Y/346.7sq.m)152,886 JPY (28.0Y/145.7sq.m)141,181 JPY (17.7Y/210.0sq.m)
Kashiba218,621 JPY (11.0Y/143.3sq.m)33,333 JPY (32.0Y/130.0sq.m)128,235 JPY (1.0Y/132.5sq.m)
JR-Goidou189,037 JPY (9.7Y/235.0sq.m)100,656 JPY (25.5Y/297.5sq.m)95,924 JPY (20.5Y/215.0sq.m)
Takada79,874 JPY (28.4Y/78.3sq.m)72,572 JPY (24.0Y/377.5sq.m)-
Yamatoshinnjou54,166 JPY (3.0Y/670.0sq.m)63,809 JPY (13.0Y/100.0sq.m)181,818 JPY (0.0Y/165.0sq.m)
Gose104,761 JPY (22.0Y/140.0sq.m)125,088 JPY (21.5Y/295.0sq.m)-
Tamade---
Wakigami---
Kitauchi-115,384 JPY (28.0Y/330.0sq.m)-
Gojou128,673 JPY (10.7Y/275.0sq.m)12,222 JPY (50.0Y/460.0sq.m)107,362 JPY (30.4Y/700.0sq.m)
Yamatofutami170,909 JPY (6.0Y/210.0sq.m)150,095 JPY (0.0Y/263.3sq.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

Gojou128,673 JPY/sq.m (+953% compared with the previous year)

The average price of a sq.m Home of Gojou was 128,673 JPY/sq.m. The market value represents an increase of 116,451 JPY (+952.8%) 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 10.7 years old (a -78.7% decrease compared to the 50.0 years old of last year.). The average size of the real estate was 275.0 sq.m (a -40.2% decrease compared to the 460.0 sq.m of last year.). The average total floor space of the real estate was 193.8 sq.m (a +115.3% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 50.0 years old in 2012 and 10.7 years old in 2013; -78.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2012 and 21.2 min in 2013; +63.5%)

Kashiba218,621 JPY/sq.m (+556% compared with the previous year)

The average price of a sq.m Home of Kashiba was 218,621 JPY/sq.m. The market value represents an increase of 185,288 JPY (+555.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.0 years old (a -65.6% decrease compared to the 32.0 years old of last year.). The average size of the real estate was 143.3 sq.m (a +10.3% increase compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a +11.1% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.0 years old in 2012 and 11.0 years old in 2013; -65.6%)
  • A dramatic decrease in average distance from the station (representing 17.0 min in 2012 and 10.7 min in 2013; -37.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2012 and 33.3% of total transactions in 2013)

Gose104,761 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Home of Gose was 104,761 JPY/sq.m. The market value represents a decrease of 20,326 JPY (-16.2%) compared to 1 year ago and a transition to a weak 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 age of the real estate was 22.0 years old (a +2.3% increase compared to the 21.5 years old of last year.). The average size of the real estate was 140.0 sq.m (a -52.5% decrease compared to the 295.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -14.3% decrease compared to the 122.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.5 min in 2012 and 10.0 min in 2013; -25.9%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 100.0% of total transactions in 2013)

Yamatoshinnjou54,166 JPY/sq.m (-15% compared with the previous year)

The average price of a sq.m Home of Yamatoshinnjou was 54,166 JPY/sq.m. The market value represents a decrease of 9,643 JPY (-15.1%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 3.0 years old (a -76.9% decrease compared to the 13.0 years old of last year.). The average size of the real estate was 670.0 sq.m (a +570.0% increase compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 240.0 sq.m (a +128.6% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 13.0 years old in 2012 and 3.0 years old in 2013; -76.9%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2012 and 12.0 min in 2013; +50.0%)

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)