JR Hakubi Line railway market report

JR Hakubi Line Home market overview

The average price of JR Hakubi Line (Kamiiwami to Houkidaisenn) Home, in Jan, 2019 to Mar, 2019 was 81,926 JPY/sq.m. The market value represents a decrease of 31,908 JPY (-28.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.7 years old (a -33.1% decrease compared to the 32.4 years old of last year.). The average size of the real estate was 376.2 sq.m (a -35.3% decrease compared to the 581.4 sq.m of last year.). The average total floor space of the real estate was 122.5 sq.m (a +20.1% increase compared to the 102.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -48.3% (-54,983 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.3% (-54,983 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.4 years old in 2018 and 21.7 years old in 2019; -33.1%)
  • A dramatic decrease in average distance from the station (representing 34.1 min in 2018 and 23.8 min in 2019; -30.4%)

Home stations market overview

The average price of Houkidaisenn Home, the highest market value along this railway was 58,852 JPY/sq.m. The market value represents a decrease of 54,983 JPY (-48.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Houkidaisenn Home, the lowest market value along this railway was 58,852 JPY/sq.m. The market value represents a decrease of 54,983 JPY (-48.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hakubi Line (Stations Home market overview)
JR Hakubi LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kamiiwami---
Shouyama---
Kurosaka160,000 JPYsq.m
(25.016438356164382820sq.m)
--
Neu---
Muko---
Ebi---
Houkimizoguchi---
Kishimoto50,000 JPYsq.m
(18.01095890410959340sq.m)
-73,333 JPYsq.m
(21.013698630136986500sq.m)
Houkidaisenn58,852 JPYsq.m
(22.013698630136986172sq.m)
113,834 JPYsq.m
(32.42191780821918258sq.m)
92,241 JPYsq.m
(30.16399217221135269sq.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

Houkidaisenn58,852 JPY/sq.m (-48% compared with the previous year)

The average price of Houkidaisenn Home was 58,852 JPY/sq.m. The market value represents a decrease of 54,983 JPY (-48.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.0 years old (a -32.1% decrease compared to the 32.4 years old of last year.). The average size of the real estate was 172.5 sq.m (a -33.1% decrease compared to the 258.0 sq.m of last year.). The average total floor space of the real estate was 102.5 sq.m (a +0.5% increase compared to the 102.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.4 years old in 2018 and 22.0 years old in 2019; -32.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.8 min in 2018 and 30.0 min in 2019; +68.5%)

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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Foundation November, 2014
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