JR Yamatoji Line Home market overview

The average price of a sq.m Home of JR Yamatoji Line (Narayama to Sanngou), in Oct, 2016 to Dec, 2016 was 142,429 JPY/sq.m. The market value represents a decrease of 13,758 JPY (-8.8%) compared to 1 year ago and a transition to a bear market. 33 properties exchanged hands ( The market value represents an increase of 4 (+13.8%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.6 years old (a -16.0% decrease compared to the 25.7 years old of last year.). The average size of the real estate was 204.2 sq.m (a +11.2% increase compared to the 183.6 sq.m of last year.). The average total floor space of the real estate was 121.1 sq.m (a +16.3% increase compared to the 104.1 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 old buildings under 40 years old.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Nara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nara station, where prices have increased +54.8% compared to last year; a sq.m unit now costs 146,978 JPY/sq.m.

The top 2 stations has seen prices increase +34.0% (+35,585 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -34.0% (-63,957 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 25.7 years old in 2015 and 21.6 years old in 2016; -16.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.0% of total transactions in 2015 and 32.3% of total transactions in 2016)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.9% of total transactions in 2015 and 12.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 36.0% of total transactions in 2015 and 48.4% of total transactions in 2016)

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 Houryuuji, the highest market value along this railway was 164,148 JPY/sq.m. The market value represents an increase of 19,157 JPY (+13.2%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Ouji, the lowest market value along this railway was 75,716 JPY/sq.m. The market value represents a decrease of 114,927 JPY (-60.3%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

JR Yamatoji Line (Stations Home market overview)
JR Yamatoji LineThis year(2016)1 year ago2 years ago
Narayama399,838 JPY (0.8Y/210.0sq.m)-125,000 JPY (31.8Y/520.0sq.m)
Nara146,978 JPY (20.4Y/230.0sq.m)94,964 JPY (44.0Y/126.2sq.m)218,026 JPY (24.4Y/409.1sq.m)
Kooriyama156,428 JPY (24.8Y/107.5sq.m)169,415 JPY (24.6Y/170.0sq.m)295,238 JPY (0.8Y/125.0sq.m)
Yamatokoizumi134,874 JPY (14.8Y/345.0sq.m)141,500 JPY (22.8Y/323.3sq.m)99,893 JPY (31.8Y/109.0sq.m)
Houryuuji164,148 JPY (20.0Y/151.2sq.m)144,991 JPY (25.0Y/172.0sq.m)160,030 JPY (18.8Y/216.2sq.m)
Ouji75,716 JPY (30.4Y/163.3sq.m)190,643 JPY (19.1Y/172.0sq.m)170,510 JPY (11.9Y/187.5sq.m)
Sanngou93,333 JPY (21.8Y/120.0sq.m)96,969 JPY (20.8Y/250.0sq.m)115,789 JPY (34.8Y/220.0sq.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

Nara146,978 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Home of Nara was 146,978 JPY/sq.m. The market value represents an increase of 52,014 JPY (+54.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.4 years old (a -53.6% decrease compared to the 44.0 years old of last year.). The average size of the real estate was 230.0 sq.m (a +82.2% increase compared to the 126.2 sq.m of last year.). The average total floor space of the real estate was 144.5 sq.m (a +67.6% increase compared to the 86.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 44.0 years old in 2015 and 20.4 years old in 2016; -53.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 55.6% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 23.5 min in 2015 and 26.1 min in 2016; +11.0%)

Houryuuji164,148 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Home of Houryuuji was 164,148 JPY/sq.m. The market value represents an increase of 19,157 JPY (+13.2%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.0 years old (a -19.8% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 151.2 sq.m (a -12.1% decrease compared to the 172.0 sq.m of last year.). The average total floor space of the real estate was 92.5 sq.m (a -16.7% decrease compared to the 111.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 25.0 years old in 2015 and 20.0 years old in 2016; -19.8%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

Ouji75,716 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Home of Ouji was 75,716 JPY/sq.m. The market value represents a decrease of 114,927 JPY (-60.3%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 30.4 years old (a +59.0% increase compared to the 19.1 years old of last year.). The average size of the real estate was 163.3 sq.m (a -5.0% decrease compared to the 172.0 sq.m of last year.). The average total floor space of the real estate was 118.9 sq.m (a +14.4% increase compared to the 103.9 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2015 and 22.2% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.1 years old in 2015 and 30.4 years old in 2016; +59.0%)
  • A dramatic increase in average distance from the station (representing 28.9 min in 2015 and 36.7 min in 2016; +26.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2015 and 66.7% of total transactions in 2016)

Kooriyama156,428 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Home of Kooriyama was 156,428 JPY/sq.m. The market value represents a decrease of 12,986 JPY (-7.7%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.8 years old (a +0.8% increase compared to the 24.6 years old of last year.). The average size of the real estate was 107.5 sq.m (a -36.8% decrease compared to the 170.0 sq.m of last year.). The average total floor space of the real estate was 72.5 sq.m (a -23.0% decrease compared to the 94.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.7 min in 2015 and 6.0 min in 2016; -52.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 40.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

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)