JR Inbi Line railway market report

JR Inbi Line Home market overview

The average price of JR Inbi Line (Tottori to Nagi) Home, in Jan, 2020 to Dec, 2020 was 133,879 JPY/sq.m. The market value represents an increase of 20,475 JPY (+18.1%) compared to 1 year ago and a transition to a bull market. 128 properties exchanged hands ( The market value represents an increase of 20 (+18.5%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 27.5 years old (a -11.1% decrease compared to the 30.9 years old of last year.). The average size of the real estate was 253.4 sq.m (a -8.3% decrease compared to the 276.5 sq.m of last year.). The average total floor space of the real estate was 166.8 sq.m (a -4.8% decrease compared to the 175.3 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, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

3 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 20% compared to last year. The most dramatic price increase was at Tottori station, where prices have increased +21.5% compared to last year; a sq.m unit now costs 140,646 JPY/sq.m.

The top 1 stations has seen prices increase +21.5% (+24,927 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -62.5% (-13,894 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 30.9 years old in 2019 and 27.5 years old in 2020; -11.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.4% of total transactions in 2019 and 17.9% of total transactions in 2020)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 36.0% of total transactions in 2019 and 28.6% of total transactions in 2020)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 38.2% of total transactions in 2019 and 42.0% of total transactions in 2020)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.7% of total transactions in 2019 and 3.2% of total transactions in 2020)

Home stations market overview

The average price of Tottori Home, the highest market value along this railway was 140,646 JPY/sq.m. The market value represents an increase of 24,927 JPY (+21.5%) compared to 1 year ago and a transition to a dramatic market. 114 properties exchanged hands ( The market value represents an increase of 22 (+23.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Kawahara Home, the lowest market value along this railway was 8,328 JPY/sq.m. The market value represents a decrease of 13,894 JPY (-62.5%) compared to 1 year ago and a transition to a dramatic 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.)
Tottori140,646 JPYsq.m
(27.53183893731839240sq.m)
115,719 JPYsq.m
(31.815753424657533259sq.m)
137,949 JPYsq.m
(30.958530510585305270sq.m)
Tsunoi117,852 JPYsq.m
(20.954109589041096565sq.m)
100,378 JPYsq.m
(22.63972602739726479sq.m)
166,076 JPYsq.m
(16.763698630136986237sq.m)
Higashikooge-131,250 JPYsq.m
(18.5150684931506861,100sq.m)
54,634 JPYsq.m
(21.265753424657536172sq.m)
Kooge98,404 JPYsq.m
(25.834246575342465221sq.m)
128,778 JPYsq.m
(23.766575342465753202sq.m)
93,630 JPYsq.m
(28.771689497716892203sq.m)
Kawahara8,328 JPYsq.m
(33.4027397260274420sq.m)
22,222 JPYsq.m
(46.03013698630137250sq.m)
-
Kunifusa81,481 JPYsq.m
(20.517808219178082400sq.m)
75,862 JPYsq.m
(22.265753424657536390sq.m)
-
Takagari-25,000 JPYsq.m
(34.273972602739725440sq.m)
156,500 JPYsq.m
(26.77123287671233540sq.m)
Mochigase---
Inabayashiro57,143 JPYsq.m
(25.523287671232875330sq.m)
--
Chizu2,778 JPYsq.m
(48.78630136986301140sq.m)
-72,727 JPYsq.m
(16.01095890410959320sq.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

Tottori140,646 JPY/sq.m (+22% compared with the previous year)

The average price of Tottori Home was 140,646 JPY/sq.m. The market value represents an increase of 24,927 JPY (+21.5%) compared to 1 year ago and a transition to a dramatic market. 114 properties exchanged hands ( The market value represents an increase of 22 (+23.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a -13.5% decrease compared to the 31.8 years old of last year.). The average size of the real estate was 240.4 sq.m (a -7.3% decrease compared to the 259.5 sq.m of last year.). The average total floor space of the real estate was 163.1 sq.m (a -7.8% decrease compared to the 176.9 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 31.8 years old in 2019 and 27.5 years old in 2020; -13.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 13.2% of total transactions in 2019 and 20.2% of total transactions in 2020)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 38.2% of total transactions in 2019 and 29.3% of total transactions in 2020)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 38.2% of total transactions in 2019 and 40.4% of total transactions in 2020)

Kawahara8,328 JPY/sq.m (-63% compared with the previous year)

The average price of Kawahara Home was 8,328 JPY/sq.m. The market value represents a decrease of 13,894 JPY (-62.5%) compared to 1 year ago and a transition to a dramatic 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 33.4 years old (a -27.4% decrease compared to the 46.0 years old of last year.). The average size of the real estate was 420.0 sq.m (a +68.0% increase compared to the 250.0 sq.m of last year.). The average total floor space of the real estate was 180.0 sq.m (a -33.3% decrease compared to the 270.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 46.0 years old in 2019 and 33.4 years old in 2020; -27.4%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2019 and 16.5 min in 2020; -45.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2019 and 50.0% 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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