JR Wakayama Line Home market overview

The average price of a sq.m Home of JR Wakayama Line (Ouji to Yamatofutami), in Jan, 2014 to Mar, 2014 was 136,218 JPY/sq.m. The market value represents a decrease of 49,391 JPY (-26.6%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 27 (-58.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.5 years old (a +52.7% increase compared to the 14.7 years old of last year.). The average size of the real estate was 221.1 sq.m (a +9.8% increase compared to the 201.4 sq.m of last year.). The average total floor space of the real estate was 134.7 sq.m (a +10.4% increase compared to the 122.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kashiba station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kashiba station, where prices have increased +28.6% compared to last year; a sq.m unit now costs 281,250 JPY/sq.m.

The top 2 stations has seen prices increase +20.4% (+37,630 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -62.4% (-97,644 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 19.6 min in 2013 and 17.1 min in 2014; -12.9%)
  • An decrease in transactions involving older buildings over 40 years old (representing 6.8% of total transactions in 2013 and 5.6% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.7 years old in 2013 and 22.5 years old in 2014; +52.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 34.1% of total transactions in 2013 and 50.0% of total transactions in 2014)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 40.9% of total transactions in 2013 and 16.7% of total transactions in 2014)

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 Kashiba, the highest market value along this railway was 281,250 JPY/sq.m. The market value represents an increase of 62,629 JPY (+28.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease 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 Yamatofutami, the lowest market value along this railway was 30,303 JPY/sq.m. The market value represents a decrease of 140,606 JPY (-82.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Wakayama Line (Stations Home market overview)
JR Wakayama LineThis year(2014)1 year ago2 years ago
Ouji189,913 JPY (21.5Y/147.5sq.m)201,360 JPY (16.8Y/175.2sq.m)171,454 JPY (20.4Y/196.7sq.m)
Hatakeda157,698 JPY (20.5Y/158.8sq.m)268,095 JPY (4.4Y/164.0sq.m)182,038 JPY (19.3Y/206.7sq.m)
Shizumi-157,606 JPY (20.7Y/346.7sq.m)152,886 JPY (28.0Y/145.7sq.m)
Kashiba281,250 JPY (19.0Y/250.0sq.m)218,621 JPY (11.0Y/143.3sq.m)33,333 JPY (32.0Y/130.0sq.m)
JR-Goidou-189,037 JPY (9.7Y/235.0sq.m)100,656 JPY (25.5Y/297.5sq.m)
Takada50,980 JPY (30.5Y/100.0sq.m)79,874 JPY (28.4Y/78.3sq.m)72,572 JPY (24.0Y/377.5sq.m)
Yamatoshinnjou-54,166 JPY (3.0Y/670.0sq.m)63,809 JPY (13.0Y/100.0sq.m)
Gose117,391 JPY (0.0Y/1300.0sq.m)104,761 JPY (22.0Y/140.0sq.m)125,088 JPY (21.5Y/295.0sq.m)
Tamade65,000 JPY (25.2Y/130.0sq.m)--
Wakigami---
Kitauchi--115,384 JPY (28.0Y/330.0sq.m)
Gojou73,991 JPY (27.4Y/211.7sq.m)128,673 JPY (10.7Y/275.0sq.m)12,222 JPY (50.0Y/460.0sq.m)
Yamatofutami30,303 JPY (6.0Y/165.0sq.m)170,909 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

Kashiba281,250 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Home of Kashiba was 281,250 JPY/sq.m. The market value represents an increase of 62,629 JPY (+28.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a +72.7% increase compared to the 11.0 years old of last year.). The average size of the real estate was 250.0 sq.m (a +74.4% increase compared to the 143.3 sq.m of last year.). The average total floor space of the real estate was 160.0 sq.m (a +60.0% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.0 years old in 2013 and 19.0 years old in 2014; +72.7%)
  • A dramatic increase in average distance from the station (representing 10.7 min in 2013 and 18.0 min in 2014; +68.7%)

Gose117,391 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Home of Gose was 117,391 JPY/sq.m. The market value represents an increase of 12,630 JPY (+12.1%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1300.0 sq.m (a +828.6% increase compared to the 140.0 sq.m of last year.). The average total floor space of the real estate was 230.0 sq.m (a +119.0% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2013 and 6.0 min in 2014; -40.0%)

Yamatofutami30,303 JPY/sq.m (-82% compared with the previous year)

The average price of a sq.m Home of Yamatofutami was 30,303 JPY/sq.m. The market value represents a decrease of 140,606 JPY (-82.3%) 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 6.0 years old (a -0.0% decrease compared to the 6.0 years old of last year.). The average size of the real estate was 165.0 sq.m (a -21.4% decrease compared to the 210.0 sq.m of last year.). The average total floor space of the real estate was 165.0 sq.m (a +200.0% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.0 min in 2013 and 4.0 min in 2014; -81.8%)

Gojou73,991 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Home of Gojou was 73,991 JPY/sq.m. The market value represents a decrease of 54,682 JPY (-42.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.4 years old (a +156.2% increase compared to the 10.7 years old of last year.). The average size of the real estate was 211.7 sq.m (a -23.0% decrease compared to the 275.0 sq.m of last year.). The average total floor space of the real estate was 235.0 sq.m (a +21.3% increase compared to the 193.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.7 years old in 2013 and 27.4 years old in 2014; +156.2%)

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)