JR Hakubi Line railway market report

JR Hakubi Line Home market overview

The average price of JR Hakubi Line (Kamiiwami to Houkidaisenn) Home, in Apr, 2019 to Jun, 2019 was 134,009 JPY/sq.m. The market value represents an increase of 61,869 JPY (+85.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.6 years old (a -42.0% decrease compared to the 28.6 years old of last year.). The average size of the real estate was 315.6 sq.m (a -46.8% decrease compared to the 593.8 sq.m of last year.). The average total floor space of the real estate was 123.3 sq.m (a -12.9% decrease compared to the 141.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 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 +181.8% compared to last year; a sq.m unit now costs 229,091 JPY/sq.m.

The top 1 stations has seen prices increase +181.8% (+147,804 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +60.6% (+32,622 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.6 years old in 2018 and 16.6 years old in 2019; -42.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 33.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 35.8 min in 2018 and 48.5 min in 2019; +35.5%)

Home stations market overview

The average price of Houkidaisenn Home, the highest market value along this railway was 229,091 JPY/sq.m. The market value represents an increase of 147,804 JPY (+181.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kishimoto Home, the lowest market value along this railway was 86,468 JPY/sq.m. The market value represents an increase of 32,622 JPY (+60.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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---
Kurosaka---
Neu---
Muko---
Ebi---
Houkimizoguchi---
Kishimoto86,468 JPYsq.m
(24.768493150684932357sq.m)
53,846 JPYsq.m
(29.271232876712331,200sq.m)
101,099 JPYsq.m
(20.933333333333334385sq.m)
Houkidaisenn229,091 JPYsq.m
(0.25205479452054796192sq.m)
81,287 JPYsq.m
(28.27123287671233392sq.m)
73,826 JPYsq.m
(29.873424657534244606sq.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

Houkidaisenn229,091 JPY/sq.m (+182% compared with the previous year)

The average price of Houkidaisenn Home was 229,091 JPY/sq.m. The market value represents an increase of 147,804 JPY (+181.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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 -99.1% decrease compared to the 28.3 years old of last year.). The average size of the real estate was 192.5 sq.m (a -50.9% decrease compared to the 391.7 sq.m of last year.). The average total floor space of the real estate was 117.5 sq.m (a +42.4% increase compared to the 82.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.3 years old in 2018 and 0.3 years old in 2019; -99.1%)

Kishimoto86,468 JPY/sq.m (+61% compared with the previous year)

The average price of Kishimoto Home was 86,468 JPY/sq.m. The market value represents an increase of 32,622 JPY (+60.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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 -15.4% decrease compared to the 29.3 years old of last year.). The average size of the real estate was 356.7 sq.m (a -70.3% decrease compared to the 1200.0 sq.m of last year.). The average total floor space of the real estate was 126.2 sq.m (a -51.4% decrease compared to the 260.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 29.3 years old in 2018 and 24.8 years old in 2019; -15.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

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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