JR Inbi Line railway market report

JR Inbi Line Home market overview

The average price of JR Inbi Line (Tottori to Nagi) Home, in Apr, 2020 to Jun, 2020 was 116,190 JPY/sq.m. The market value represents an increase of 5,877 JPY (+5.3%) compared to 1 year ago and a transition to a strong market. 32 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 34.3 years old (a +12.5% increase compared to the 30.5 years old of last year.). The average size of the real estate was 278.1 sq.m (a +4.3% increase compared to the 266.7 sq.m of last year.). The average total floor space of the real estate was 197.4 sq.m (a +12.3% increase compared to the 175.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving very large size more than 200 sq.m, as well as an decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Tottori station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Tottori station, where prices have increased +12.9% compared to last year; a sq.m unit now costs 120,589 JPY/sq.m.

The top 1 stations has seen prices increase +12.9% (+13,751 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -29.8% (-50,833 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 28.7 min in 2019 and 25.1 min in 2020; -12.7%)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2019 and 38.7% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 30.5 years old in 2019 and 34.3 years old in 2020; +12.5%)
  • An increase in transactions involving older buildings over 40 years old (representing 36.0% of total transactions in 2019 and 41.9% of total transactions in 2020)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 12.0% of total transactions in 2019 and 9.7% of total transactions in 2020)

Home stations market overview

The average price of Tottori Home, the highest market value along this railway was 120,589 JPY/sq.m. The market value represents an increase of 13,751 JPY (+12.9%) compared to 1 year ago and a transition to a bull market. 27 properties exchanged hands ( The market value represents an increase of 1 (+3.8%) compared to 1 year ago and a transition to a some market.).

The average price of Tsunoi Home, the lowest market value along this railway was 111,422 JPY/sq.m. The market value represents a decrease of 34,740 JPY (-23.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Inbi Line (Stations Home market overview)
JR Inbi LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Tottori120,589 JPYsq.m
(36.54699683877766228sq.m)
106,838 JPYsq.m
(34.432299927901944262sq.m)
122,103 JPYsq.m
(30.503266596417284197sq.m)
Tsunoi111,422 JPYsq.m
(20.6643sq.m)
146,162 JPYsq.m
(11.257534246575343255sq.m)
-
Higashikooge--91,667 JPYsq.m
(21.265753424657536165sq.m)
Kooge120,000 JPYsq.m
(25.27123287671233195sq.m)
170,833 JPYsq.m
(14.26027397260274188sq.m)
-
Kawahara12,308 JPYsq.m
(25.27123287671233580sq.m)
--
Kunifusa-75,862 JPYsq.m
(22.265753424657536390sq.m)
-
Takagari-25,000 JPYsq.m
(34.273972602739725440sq.m)
-
Mochigase---
Inabayashiro---
Chizu---
Haji---
Nagi---

*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

Tottori120,589 JPY/sq.m (+13% compared with the previous year)

The average price of Tottori Home was 120,589 JPY/sq.m. The market value represents an increase of 13,751 JPY (+12.9%) compared to 1 year ago and a transition to a bull market. 27 properties exchanged hands ( The market value represents an increase of 1 (+3.8%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 36.5 years old (a +6.1% increase compared to the 34.4 years old of last year.). The average size of the real estate was 227.5 sq.m (a -13.3% decrease compared to the 262.3 sq.m of last year.). The average total floor space of the real estate was 189.0 sq.m (a +3.5% increase compared to the 182.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 30.9 min in 2019 and 26.5 min in 2020; -14.1%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 36.8% of total transactions in 2019 and 30.8% of total transactions in 2020)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 10.5% of total transactions in 2019 and 11.5% of total transactions in 2020)

Causes of price decreases

  • A some increase in transactions involving older buildings over 40 years old (representing 47.4% of total transactions in 2019 and 50.0% of total transactions in 2020)

Kooge120,000 JPY/sq.m (-30% compared with the previous year)

The average price of Kooge Home was 120,000 JPY/sq.m. The market value represents a decrease of 50,833 JPY (-29.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.3 years old (a +77.2% increase compared to the 14.3 years old of last year.). The average size of the real estate was 195.0 sq.m (a +4.0% increase compared to the 187.5 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a +11.1% increase compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2019 and 8.0 min in 2020; -20.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.3 years old in 2019 and 25.3 years old in 2020; +77.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

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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