JR Hakubi Line railway market report

JR Hakubi Line Home market overview

The average price of JR Hakubi Line (Kamiiwami to Houkidaisenn) Home, in Jul, 2018 to Sep, 2018 was 135,866 JPY/sq.m. The market value represents an increase of 70,299 JPY (+107.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -72.1% decrease compared to the 41.2 years old of last year.). The average size of the real estate was 460.0 sq.m (a +13.6% increase compared to the 405.0 sq.m of last year.). The average total floor space of the real estate was 111.2 sq.m (a -8.6% decrease compared to the 121.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kishimoto station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Houkidaisenn station, where prices have increased +119.7% compared to last year; a sq.m unit now costs 147,822 JPY/sq.m.

The top 1 stations has seen prices increase +119.7% (+80,544 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +20.7% (+17,154 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 41.2 years old in 2017 and 11.5 years old in 2018; -72.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.5 min in 2017 and 34.5 min in 2018; +30.2%)

Home stations market overview

The average price of Houkidaisenn Home, the highest market value along this railway was 147,822 JPY/sq.m. The market value represents an increase of 80,544 JPY (+119.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of Kishimoto Home, the lowest market value along this railway was 100,000 JPY/sq.m. The market value represents an increase of 17,154 JPY (+20.7%) compared to 1 year ago and a transition to a dramatic 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.).

JR Hakubi Line (Stations Home market overview)
JR Hakubi LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kamiiwami---
Shouyama--15,789 JPYsq.m
(19.517808219178082330sq.m)
Kurosaka---
Neu---
Muko---
Ebi--39,864 JPYsq.m
(56.54246575342466310sq.m)
Houkimizoguchi-25,882 JPYsq.m
(58.54520547945206250sq.m)
55,556 JPYsq.m
(17.517808219178082340sq.m)
Kishimoto100,000 JPYsq.m
(29.523287671232875510sq.m)
82,846 JPYsq.m
(30.024657534246575525sq.m)
132,996 JPYsq.m
(19.1178082191780841,114sq.m)
Houkidaisenn147,822 JPYsq.m
(2.504109589041096443sq.m)
67,278 JPYsq.m
(42.8675799086758377sq.m)
139,460 JPYsq.m
(19.232093933463794275sq.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.

Noteworthy stations

Houkidaisenn147,822 JPY/sq.m (+120% compared with the previous year)

The average price of Houkidaisenn Home was 147,822 JPY/sq.m. The market value represents an increase of 80,544 JPY (+119.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 2.5 years old (a -94.2% decrease compared to the 42.9 years old of last year.). The average size of the real estate was 443.3 sq.m (a +17.7% increase compared to the 376.7 sq.m of last year.). The average total floor space of the real estate was 130.0 sq.m (a +66.0% increase compared to the 78.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 42.9 years old in 2017 and 2.5 years old in 2018; -94.2%)
  • A dramatic decrease in average distance from the station (representing 37.0 min in 2017 and 16.0 min in 2018; -56.8%)

Kishimoto100,000 JPY/sq.m (+21% compared with the previous year)

The average price of Kishimoto Home was 100,000 JPY/sq.m. The market value represents an increase of 17,154 JPY (+20.7%) compared to 1 year ago and a transition to a dramatic 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 29.5 years old (a -1.7% decrease compared to the 30.0 years old of last year.). The average size of the real estate was 510.0 sq.m (a -2.9% decrease compared to the 525.0 sq.m of last year.). The average total floor space of the real estate was 55.0 sq.m (a -66.2% decrease compared to the 162.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.5 min in 2017 and 90.0 min in 2018; +300.0%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
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