JR Inbi Line railway market report

JR Inbi Line Home market overview

The average price of JR Inbi Line (Tottori to Nagi) Home, in Oct, 2020 to Dec, 2020 was 132,297 JPY/sq.m. The market value represents an increase of 11,852 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 34 properties exchanged hands ( The market value represents an increase of 5 (+17.2%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 27.4 years old (a -8.9% decrease compared to the 30.1 years old of last year.). The average size of the real estate was 278.4 sq.m (a +10.2% increase compared to the 252.6 sq.m of last year.). The average total floor space of the real estate was 186.8 sq.m (a +14.8% increase compared to the 162.8 sq.m of last year.).

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

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Tottori, Kooge 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 +14.1% compared to last year; a sq.m unit now costs 138,927 JPY/sq.m.

The top 1 stations has seen prices increase +14.1% (+17,183 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +12.6% (+10,942 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2019 and 37.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.9% of total transactions in 2019 and 3.0% of total transactions in 2020)
  • A some increase in transactions involving older buildings over 40 years old (representing 29.6% of total transactions in 2019 and 31.0% of total transactions in 2020)

Home stations market overview

The average price of Tottori Home, the highest market value along this railway was 138,927 JPY/sq.m. The market value represents an increase of 17,183 JPY (+14.1%) compared to 1 year ago and a transition to a bull market. 31 properties exchanged hands ( The market value represents an increase of 3 (+10.7%) compared to 1 year ago and a transition to a bull market.).

The average price of Kooge Home, the lowest market value along this railway was 97,608 JPY/sq.m. The market value represents an increase of 10,942 JPY (+12.6%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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.)
Tottori138,927 JPYsq.m
(26.38703898840885285sq.m)
121,744 JPYsq.m
(30.465015806111698255sq.m)
111,380 JPYsq.m
(32.13848069738481234sq.m)
Tsunoi--153,384 JPYsq.m
(15.263013698630138230sq.m)
Higashikooge--17,600 JPYsq.m
(0.0180sq.m)
Kooge97,608 JPYsq.m
(29.773972602739725240sq.m)
86,667 JPYsq.m
(19.764383561643836180sq.m)
219,048 JPYsq.m
(0.7534246575342466250sq.m)
Kawahara---
Kunifusa---
Takagari--156,500 JPYsq.m
(26.77123287671233540sq.m)
Mochigase---
Inabayashiro---
Chizu2,778 JPYsq.m
(48.78630136986301140sq.m)
--
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

Tottori138,927 JPY/sq.m (+14% compared with the previous year)

The average price of Tottori Home was 138,927 JPY/sq.m. The market value represents an increase of 17,183 JPY (+14.1%) compared to 1 year ago and a transition to a bull market. 31 properties exchanged hands ( The market value represents an increase of 3 (+10.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 26.4 years old (a -13.4% decrease compared to the 30.5 years old of last year.). The average size of the real estate was 285.3 sq.m (a +11.8% increase compared to the 255.2 sq.m of last year.). The average total floor space of the real estate was 190.7 sq.m (a +14.8% increase compared to the 166.2 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 30.5 years old in 2019 and 26.4 years old in 2020; -13.4%)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 46.2% of total transactions in 2019 and 42.3% of total transactions in 2020)
  • An decrease in transactions involving older buildings over 40 years old (representing 30.8% of total transactions in 2019 and 26.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.1% of total transactions in 2019 and 3.3% of total transactions in 2020)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 15.4% of total transactions in 2019 and 15.4% of total transactions in 2020)

Kooge97,608 JPY/sq.m (+13% compared with the previous year)

The average price of Kooge Home was 97,608 JPY/sq.m. The market value represents an increase of 10,942 JPY (+12.6%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.8 years old (a +50.6% increase compared to the 19.8 years old of last year.). The average size of the real estate was 240.0 sq.m (a +33.3% increase compared to the 180.0 sq.m of last year.). The average total floor space of the real estate was 132.5 sq.m (a +76.7% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2019 and 8.0 min in 2020; -27.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.8 years old in 2019 and 29.8 years old in 2020; +50.6%)

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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