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, 2021 to Mar, 2021 was 62,597 JPY/sq.m. The market value represents a decrease of 5,891 JPY (-8.6%) compared to 1 year ago and a transition to a bear market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 31.2 years old (a +4.5% increase compared to the 29.9 years old of last year.). The average size of the real estate was 344.3 sq.m (a -53.2% decrease compared to the 735.0 sq.m of last year.). The average total floor space of the real estate was 115.7 sq.m (a -39.1% decrease compared to the 190.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 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 10% compared to last year. The most dramatic price increase was at Houkidaisenn station, where prices have decreased -16.9% compared to last year; a sq.m unit now costs 76,207 JPY/sq.m.

The top 1 stations has seen prices increase -6.7% (-3,089 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.9% (-15,459 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 16.7% of total transactions in 2021)

Causes of price decreases

  • An increase in average distance from the station (representing 25.3 min in 2020 and 29.9 min in 2021; +17.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2020 and 50.0% of total transactions in 2021)

Home stations market overview

The average price of Houkidaisenn Home, the highest market value along this railway was 76,207 JPY/sq.m. The market value represents a decrease of 15,459 JPY (-16.9%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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 42,857 JPY/sq.m. The market value represents a decrease of 3,089 JPY (-6.7%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

JR Hakubi Line (Stations Home market overview)
JR Hakubi LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kamiiwami---
Shouyama-8,710 JPYsq.m
(42.030136986301371,400sq.m)
-
Kurosaka-120,000 JPYsq.m
(25.0191780821917821,400sq.m)
160,000 JPYsq.m
(25.016438356164382820sq.m)
Neu14,286 JPYsq.m
(0.0710sq.m)
--
Muko---
Ebi---
Houkimizoguchi-52,941 JPYsq.m
(42.03013698630137360sq.m)
-
Kishimoto42,857 JPYsq.m
(32.02191780821918620sq.m)
45,946 JPYsq.m
(34.02465753424657970sq.m)
50,000 JPYsq.m
(18.01095890410959340sq.m)
Houkidaisenn76,207 JPYsq.m
(31.022465753424658216sq.m)
91,666 JPYsq.m
(18.013698630136986140sq.m)
58,852 JPYsq.m
(22.013698630136986172sq.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

Kishimoto42,857 JPY/sq.m (-7% compared with the previous year)

The average price of Kishimoto Home was 42,857 JPY/sq.m. The market value represents a decrease of 3,089 JPY (-6.7%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 32.0 years old (a -5.9% decrease compared to the 34.0 years old of last year.). The average size of the real estate was 620.0 sq.m (a -36.1% decrease compared to the 970.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -71.6% decrease compared to the 370.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 60.0 min in 2020 and 90.0 min in 2021; +50.0%)

Houkidaisenn76,207 JPY/sq.m (-17% compared with the previous year)

The average price of Houkidaisenn Home was 76,207 JPY/sq.m. The market value represents a decrease of 15,459 JPY (-16.9%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.0 years old (a +72.2% increase compared to the 18.0 years old of last year.). The average size of the real estate was 216.0 sq.m (a +54.3% increase compared to the 140.0 sq.m of last year.). The average total floor space of the real estate was 99.0 sq.m (a +4.2% increase compared to the 95.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2020 and 31.0 years old in 2021; +72.2%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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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