JR Yamatoji Line Home market overview

The average price of a sq.m Home of JR Yamatoji Line (Narayama to Sanngou), in Jan, 2015 to Dec, 2015 was 144,464 JPY/sq.m. The market value represents a decrease of 25,253 JPY (-14.9%) compared to 1 year ago and a transition to a weak market. 133 properties exchanged hands ( The market value represents an increase of 27 (+25.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.1 years old (a +20.2% increase compared to the 20.0 years old of last year.). The average size of the real estate was 178.9 sq.m (a -13.3% decrease compared to the 206.4 sq.m of last year.). The average total floor space of the real estate was 138.3 sq.m (a -7.9% decrease compared to the 150.2 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 middle total floor space for a DINKS or an old age households less than 60 sq.m.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Sanngou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sanngou station, where prices have increased +44.6% compared to last year; a sq.m unit now costs 120,001 JPY/sq.m.

The top 2 stations has seen prices increase +22.5% (+18,874 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -28.5% (-62,344 JPY/sq.m).


Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 46.3% of total transactions in 2014 and 44.7% of total transactions in 2015)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.7% of total transactions in 2014 and 6.8% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.0 years old in 2014 and 24.1 years old in 2015; +20.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2014 and 18.7% of total transactions in 2015)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 32.6% of total transactions in 2014 and 25.2% of total transactions in 2015)

Breakdown of each segment

The table below shows Home dealt in JR Yamatoji 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 Ouji, the highest market value along this railway was 179,218 JPY/sq.m. The market value represents a decrease of 5,422 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 35 properties exchanged hands ( The market value represents an increase of 2 (+6.1%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Home of Yamatokoizumi, the lowest market value along this railway was 97,909 JPY/sq.m. The market value represents a decrease of 26,503 JPY (-21.3%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents an increase of 5 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamatoji Line (Stations Home market overview)
JR Yamatoji LineThis year(2015)1 year ago2 years ago
Narayama162,380 JPY (15.3Y/240.0sq.m)234,463 JPY (13.5Y/305.0sq.m)185,185 JPY (26.2Y/317.0sq.m)
Nara148,253 JPY (25.8Y/201.1sq.m)200,859 JPY (23.0Y/250.2sq.m)181,335 JPY (15.6Y/198.8sq.m)
Kooriyama164,746 JPY (24.5Y/164.1sq.m)164,004 JPY (22.4Y/194.4sq.m)182,418 JPY (35.9Y/151.4sq.m)
Yamatokoizumi97,909 JPY (30.6Y/165.4sq.m)124,412 JPY (24.4Y/143.8sq.m)125,118 JPY (24.7Y/189.4sq.m)
Houryuuji128,215 JPY (25.1Y/170.7sq.m)159,941 JPY (17.2Y/180.0sq.m)193,469 JPY (17.2Y/177.5sq.m)
Ouji179,218 JPY (18.6Y/166.1sq.m)184,640 JPY (15.8Y/162.0sq.m)184,137 JPY (15.6Y/176.3sq.m)
Sanngou120,001 JPY (20.1Y/196.5sq.m)82,994 JPY (25.7Y/627.5sq.m)160,574 JPY (17.7Y/246.7sq.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

Sanngou120,001 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Home of Sanngou was 120,001 JPY/sq.m. The market value represents an increase of 37,007 JPY (+44.6%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 6 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.1 years old (a -21.9% decrease compared to the 25.7 years old of last year.). The average size of the real estate was 196.5 sq.m (a -68.7% decrease compared to the 627.5 sq.m of last year.). The average total floor space of the real estate was 142.5 sq.m (a -66.5% decrease compared to the 425.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.7 years old in 2014 and 20.1 years old in 2015; -21.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2014 and 60.0% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 9.5 min in 2014 and 10.6 min in 2015; +11.6%)

Kooriyama164,746 JPY/sq.m (+0% compared with the previous year)

The average price of a sq.m Home of Kooriyama was 164,746 JPY/sq.m. The market value represents an increase of 742 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 2 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.5 years old (a +9.0% increase compared to the 22.4 years old of last year.). The average size of the real estate was 164.1 sq.m (a -15.6% decrease compared to the 194.4 sq.m of last year.). The average total floor space of the real estate was 114.5 sq.m (a +3.6% increase compared to the 110.6 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2014 and 27.3% of total transactions in 2015)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2014 and 11.1% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.2 min in 2014 and 9.5 min in 2015; +30.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 28.6% of total transactions in 2014 and 44.4% of total transactions in 2015)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 33.3% of total transactions in 2014 and 18.2% of total transactions in 2015)

Narayama162,380 JPY/sq.m (-31% compared with the previous year)

The average price of a sq.m Home of Narayama was 162,380 JPY/sq.m. The market value represents a decrease of 72,082 JPY (-30.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.3 years old (a +12.9% increase compared to the 13.5 years old of last year.). The average size of the real estate was 240.0 sq.m (a -21.3% decrease compared to the 305.0 sq.m of last year.). The average total floor space of the real estate was 127.5 sq.m (a -12.1% decrease compared to the 145.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2014 and 5.0 min in 2015; -72.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 13.5 years old in 2014 and 15.3 years old in 2015; +12.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2014 and 50.0% of total transactions in 2015)

Nara148,253 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Home of Nara was 148,253 JPY/sq.m. The market value represents a decrease of 52,607 JPY (-26.2%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 9 (+34.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.8 years old (a +12.5% increase compared to the 23.0 years old of last year.). The average size of the real estate was 201.1 sq.m (a -19.6% decrease compared to the 250.2 sq.m of last year.). The average total floor space of the real estate was 183.1 sq.m (a +6.3% increase compared to the 172.3 sq.m of last year.).

Cause of price increases

  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2014 and 20.6% of total transactions in 2015)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 23.0 years old in 2014 and 25.8 years old in 2015; +12.5%)
  • An increase in average distance from the station (representing 18.1 min in 2014 and 21.3 min in 2015; +17.8%)
  • An increase in transactions involving older buildings over 40 years old (representing 15.0% of total transactions in 2014 and 17.6% of total transactions in 2015)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.0% of total transactions in 2014 and 2.9% 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)