JR Wakayama Line Home market overview

The average price of a sq.m Home of JR Wakayama Line (Ouji to Yamatofutami), in Apr, 2014 to Jun, 2014 was 181,754 JPY/sq.m. The market value represents a decrease of 17,313 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 12 properties exchanged hands ( The market value represents a decrease of 15 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.9 years old (a +4.4% increase compared to the 15.3 years old of last year.). The average size of the real estate was 210.4 sq.m (a -10.0% decrease compared to the 233.7 sq.m of last year.). The average total floor space of the real estate was 121.4 sq.m (a -11.0% decrease compared to the 136.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving new buildings under 10 years old.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +492.9% (+193,372 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -68.5% (-74,858 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 16.3 min in 2013 and 13.8 min in 2014; -15.6%)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 38.5% of total transactions in 2013 and 44.4% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.8% of total transactions in 2013 and 44.4% 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 22.2% 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 Shizumi, the highest market value along this railway was 232,602 JPY/sq.m. The market value represents an increase of 193,372 JPY (+492.9%) 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 price of a sq.m Home of Gojou, the lowest market value along this railway was 34,482 JPY/sq.m. The market value represents a decrease of 74,858 JPY (-68.5%) compared to 1 year ago and a transition to a dramatic market. 2 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
Ouji226,762 JPY (27.8Y/120.0sq.m)219,129 JPY (12.2Y/203.3sq.m)265,052 JPY (10.3Y/191.5sq.m)
Hatakeda72,592 JPY (25.4Y/160.0sq.m)139,130 JPY (16.3Y/165.0sq.m)113,404 JPY (23.7Y/168.0sq.m)
Shizumi232,602 JPY (0.3Y/143.3sq.m)39,230 JPY (35.3Y/300.0sq.m)157,947 JPY (11.4Y/199.2sq.m)
Kashiba-173,471 JPY (7.9Y/140.0sq.m)-
JR-Goidou--171,197 JPY (11.3Y/140.0sq.m)
Takada-347,569 JPY (32.9Y/491.7sq.m)88,235 JPY (24.3Y/80.0sq.m)
Yamatoshinnjou-301,394 JPY (0.3Y/186.7sq.m)-
Gose-25,789 JPY (0.0Y/170.0sq.m)-
Tamade-130,434 JPY (24.4Y/130.0sq.m)-
Wakigami---
Kitauchi-35,135 JPY (30.3Y/350.0sq.m)209,090 JPY (0.3Y/230.0sq.m)
Gojou34,482 JPY (0.0Y/585.0sq.m)109,340 JPY (21.3Y/315.0sq.m)61,672 JPY (24.9Y/272.5sq.m)
Yamatofutami60,606 JPY (6.3Y/165.0sq.m)-45,000 JPY (36.3Y/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

Shizumi232,602 JPY/sq.m (+493% compared with the previous year)

The average price of a sq.m Home of Shizumi was 232,602 JPY/sq.m. The market value represents an increase of 193,372 JPY (+492.9%) 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 0.3 years old (a -99.3% decrease compared to the 35.3 years old of last year.). The average size of the real estate was 143.3 sq.m (a -52.2% decrease compared to the 300.0 sq.m of last year.). The average total floor space of the real estate was 106.7 sq.m (a -17.9% decrease compared to the 130.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.3 years old in 2013 and 0.3 years old in 2014; -99.3%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2013 and 9.7 min in 2014; -25.6%)

Gojou34,482 JPY/sq.m (-68% compared with the previous year)

The average price of a sq.m Home of Gojou was 34,482 JPY/sq.m. The market value represents a decrease of 74,858 JPY (-68.5%) 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 size of the real estate was 585.0 sq.m (a +85.7% increase compared to the 315.0 sq.m of last year.). The average total floor space of the real estate was 290.0 sq.m (a +114.8% increase compared to the 135.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.0 min in 2013 and 24.0 min in 2014; +41.2%)

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)