JR Hakubi Line railway market report

JR Hakubi Line Home market overview

The average price of JR Hakubi Line (Kamiiwami to Houkidaisenn) Home, in Oct, 2019 to Dec, 2019 was 75,405 JPY/sq.m. The market value represents a decrease of 88,606 JPY (-54.0%) 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 26.2 years old (a -2.1% decrease compared to the 26.8 years old of last year.). The average size of the real estate was 512.5 sq.m (a +22.5% increase compared to the 418.3 sq.m of last year.). The average total floor space of the real estate was 252.8 sq.m (a +167.6% increase compared to the 94.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Kishimoto station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Houkidaisenn station, where prices have decreased -69.6% compared to last year; a sq.m unit now costs 72,626 JPY/sq.m.

The top 1 stations has seen prices increase -2.2% (-2,005 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -69.6% (-166,253 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2018 and 14.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 34.1 min in 2018 and 44.2 min in 2019; +29.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2018 and 71.4% of total transactions in 2019)

Home stations market overview

The average price of Kishimoto Home, the highest market value along this railway was 90,356 JPY/sq.m. The market value represents a decrease of 2,005 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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 72,626 JPY/sq.m. The market value represents a decrease of 166,253 JPY (-69.6%) 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---
Shouyama23,784 JPYsq.m
(0.0220sq.m)
-35,333 JPYsq.m
(19.767123287671232350sq.m)
Kurosaka---
Neu-4,615 JPYsq.m
(53.7890410958904170.0sq.m)
-
Muko---
Ebi118,182 JPYsq.m
(13.761643835616438370sq.m)
-18,750 JPYsq.m
(43.78356164383562290sq.m)
Houkimizoguchi-57,143 JPYsq.m
(23.76986301369863175sq.m)
Kishimoto90,356 JPYsq.m
(25.519178082191782605sq.m)
92,361 JPYsq.m
(21.100456621004568620sq.m)
84,848 JPYsq.m
(37.778082191780825550sq.m)
Houkidaisenn72,626 JPYsq.m
(40.78082191780822545sq.m)
238,879 JPYsq.m
(24.76931506849315294sq.m)
137,500 JPYsq.m
(16.097716894977168372sq.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

Kishimoto90,356 JPY/sq.m (-2% compared with the previous year)

The average price of Kishimoto Home was 90,356 JPY/sq.m. The market value represents a decrease of 2,005 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.5 years old (a +20.9% increase compared to the 21.1 years old of last year.). The average size of the real estate was 605.0 sq.m (a -2.4% decrease compared to the 620.0 sq.m of last year.). The average total floor space of the real estate was 170.0 sq.m (a +56.9% increase compared to the 108.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 70.0 min in 2018 and 32.0 min in 2019; -54.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.1 years old in 2018 and 25.5 years old in 2019; +20.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2018 and 100.0% of total transactions in 2019)

Houkidaisenn72,626 JPY/sq.m (-70% compared with the previous year)

The average price of Houkidaisenn Home was 72,626 JPY/sq.m. The market value represents a decrease of 166,253 JPY (-69.6%) 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 40.8 years old (a +64.6% increase compared to the 24.8 years old of last year.). The average size of the real estate was 545.0 sq.m (a +85.5% increase compared to the 293.8 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a +8.7% increase compared to the 92.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.8 years old in 2018 and 40.8 years old in 2019; +64.6%)
  • A dramatic increase in average distance from the station (representing 18.4 min in 2018 and 30.0 min in 2019; +63.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2018 and 100.0% 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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