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, 2021 to Sep, 2021 was 106,892 JPY/sq.m. The market value represents an increase of 10,892 JPY (+11.3%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 6 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.4 years old (a +7.8% increase compared to the 24.5 years old of last year.). The average size of the real estate was 393.1 sq.m (a +18.6% increase compared to the 331.5 sq.m of last year.). The average total floor space of the real estate was 151.2 sq.m (a -13.6% decrease compared to the 175.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Houkidaisenn station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Houkidaisenn station, where prices have increased +6.0% compared to last year; a sq.m unit now costs 133,996 JPY/sq.m.

The top 1 stations has seen prices increase +6.0% (+7,582 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -59.2% (-69,647 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.2 min in 2020 and 44.2 min in 2021; +51.5%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2020 and 66.7% of total transactions in 2021)

Home stations market overview

The average price of Houkidaisenn Home, the highest market value along this railway was 133,996 JPY/sq.m. The market value represents an increase of 7,582 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Houkimizoguchi Home, the lowest market value along this railway was 48,000 JPY/sq.m. The market value represents a decrease of 69,647 JPY (-59.2%) compared to 1 year ago and a transition to a dramatic 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---
Shouyama3,158 JPYsq.m
(25.52054794520548280sq.m)
--
Kurosaka---
Neu-27,625 JPYsq.m
(44.035616438356165490sq.m)
-
Muko---
Ebi--
Houkimizoguchi48,000 JPYsq.m
(23.52054794520548210sq.m)
117,647 JPYsq.m
(26.523287671232875470sq.m)
-
Kishimoto-59,894 JPYsq.m
(30.026027397260275610sq.m)
55,556 JPYsq.m
(40.531506849315071,100sq.m)
Houkidaisenn133,996 JPYsq.m
(27.273287671232875442sq.m)
126,414 JPYsq.m
(16.89109589041096205sq.m)
51,664 JPYsq.m
(26.02054794520548182sq.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

Houkidaisenn133,996 JPY/sq.m (+6% compared with the previous year)

The average price of Houkidaisenn Home was 133,996 JPY/sq.m. The market value represents an increase of 7,582 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.3 years old (a +61.5% increase compared to the 16.9 years old of last year.). The average size of the real estate was 442.5 sq.m (a +115.9% increase compared to the 205.0 sq.m of last year.). The average total floor space of the real estate was 165.0 sq.m (a +24.5% increase compared to the 132.5 sq.m of last year.).

Cause of price increases

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

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2020 and 27.3 years old in 2021; +61.5%)

Houkimizoguchi48,000 JPY/sq.m (-59% compared with the previous year)

The average price of Houkimizoguchi Home was 48,000 JPY/sq.m. The market value represents a decrease of 69,647 JPY (-59.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 23.5 years old (a -11.3% decrease compared to the 26.5 years old of last year.). The average size of the real estate was 210.0 sq.m (a -55.3% decrease compared to the 470.0 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a +47.1% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 26.5 years old in 2020 and 23.5 years old in 2021; -11.3%)
  • 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 30.0 min in 2020 and 90.0 min in 2021; +200.0%)

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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