JR Sakai Line railway market report

JR Sakai Line Home market overview

The average price of JR Sakai Line (Yonago to Sakaiminato) Home, in Apr, 2018 to Jun, 2018 was 101,323 JPY/sq.m. The market value represents an increase of 8,847 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 29 properties exchanged hands ( The market value represents a decrease of 9 (-23.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.1 years old (a -3.6% decrease compared to the 32.3 years old of last year.). The average size of the real estate was 253.3 sq.m (a -42.1% decrease compared to the 437.2 sq.m of last year.). The average total floor space of the real estate was 115.2 sq.m (a -47.8% decrease compared to the 220.5 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 relatively large total floor space more than 100 sq.m.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Yonago, Yumigahama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yumigahama station, where prices have increased +64.2% compared to last year; a sq.m unit now costs 82,105 JPY/sq.m.

The top 2 stations has seen prices increase +63.5% (+42,590 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -77.0% (-30,149 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2017 and 26.9% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2017 and 42.3% of total transactions in 2018)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 18.4% of total transactions in 2017 and 6.9% of total transactions in 2018)

Home stations market overview

The average price of Yonago Home, the highest market value along this railway was 137,584 JPY/sq.m. The market value represents an increase of 53,074 JPY (+62.8%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 1 (-5.9%) compared to 1 year ago and a transition to a bear market.).

The average price of Takamatsuchou Home, the lowest market value along this railway was 5,556 JPY/sq.m. The market value represents a decrease of 39,899 JPY (-87.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Sakai Line (Stations Home market overview)
JR Sakai LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yonago137,584 JPYsq.m
(24.697260273972603245sq.m)
84,510 JPYsq.m
(36.04206285253827462sq.m)
106,489 JPYsq.m
(31.04341412012645280sq.m)
Bakuroumachi10,370 JPYsq.m
(44.28219178082192120sq.m)
30,769 JPYsq.m
(49.2849315068493295.0sq.m)
-
Fujimichou-26,866 JPYsq.m
(44.28219178082192420sq.m)
157,778 JPYsq.m
(16.263013698630136385sq.m)
Gotou-92,990 JPYsq.m
(25.26986301369863228sq.m)
146,609 JPYsq.m
(23.269406392694066202sq.m)
Sannbonnmatsuguchi65,878 JPYsq.m
(37.026712328767125144sq.m)
174,298 JPYsq.m
(24.268493150684932797sq.m)
52,698 JPYsq.m
(48.78630136986301148sq.m)
Kawasakiguchi56,294 JPYsq.m
(40.278082191780825325sq.m)
116,246 JPYsq.m
(34.608219178082194280sq.m)
169,565 JPYsq.m
(11.26027397260274178sq.m)
Yumigahama82,105 JPYsq.m
(38.276712328767125170sq.m)
50,000 JPYsq.m
(18.2657534246575361,100sq.m)
136,651 JPYsq.m
(29.023287671232875465sq.m)
Wadahama79,722 JPYsq.m
(47.78356164383562265sq.m)
--
Ooshinoduchou26,923 JPYsq.m
(37.276712328767125240sq.m)
--
Yonagokuukou---
Nakahama-115,144 JPYsq.m
(25.76986301369863310sq.m)
-
Takamatsuchou5,556 JPYsq.m
(0.0710sq.m)
45,455 JPYsq.m
(19.265753424657536260sq.m)
-
Amariko-136,000 JPYsq.m
(27.27123287671233230sq.m)
-
Agarimichi--230,000 JPYsq.m
(1.2547945205479452165sq.m)
Babasakichou-76,608 JPYsq.m
(33.275342465753425290sq.m)
30,000 JPYsq.m
(35.276712328767125175sq.m)
Sakaiminato76,522 JPYsq.m
(19.265753424657536430sq.m)
80,610 JPYsq.m
(22.767123287671232655sq.m)
168,182 JPYsq.m
(41.28219178082192390sq.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

Yumigahama82,105 JPY/sq.m (+64% compared with the previous year)

The average price of Yumigahama Home was 82,105 JPY/sq.m. The market value represents an increase of 32,105 JPY (+64.2%) 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 38.3 years old (a +109.6% increase compared to the 18.3 years old of last year.). The average size of the real estate was 170.0 sq.m (a -84.5% decrease compared to the 1100.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -60.4% decrease compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.3 years old in 2017 and 38.3 years old in 2018; +109.6%)
  • A dramatic increase in average distance from the station (representing 8.0 min in 2017 and 15.0 min in 2018; +87.5%)

Yonago137,584 JPY/sq.m (+63% compared with the previous year)

The average price of Yonago Home was 137,584 JPY/sq.m. The market value represents an increase of 53,074 JPY (+62.8%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 1 (-5.9%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 24.7 years old (a -31.5% decrease compared to the 36.0 years old of last year.). The average size of the real estate was 245.0 sq.m (a -47.0% decrease compared to the 462.4 sq.m of last year.). The average total floor space of the real estate was 120.6 sq.m (a -53.6% decrease compared to the 259.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 36.0 years old in 2017 and 24.7 years old in 2018; -31.5%)
  • A dramatic decrease in average distance from the station (representing 56.1 min in 2017 and 44.6 min in 2018; -20.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 41.2% of total transactions in 2017 and 21.4% of total transactions in 2018)

Takamatsuchou5,556 JPY/sq.m (-88% compared with the previous year)

The average price of Takamatsuchou Home was 5,556 JPY/sq.m. The market value represents a decrease of 39,899 JPY (-87.8%) 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 size of the real estate was 710.0 sq.m (a +173.1% increase compared to the 260.0 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -18.2% decrease compared to the 110.0 sq.m of last year.).

Bakuroumachi10,370 JPY/sq.m (-66% compared with the previous year)

The average price of Bakuroumachi Home was 10,370 JPY/sq.m. The market value represents a decrease of 20,399 JPY (-66.3%) 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 44.3 years old (a -10.2% decrease compared to the 49.3 years old of last year.). The average size of the real estate was 120.0 sq.m (a +26.3% increase compared to the 95.0 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a +3.8% increase compared to the 130.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 49.3 years old in 2017 and 44.3 years old in 2018; -10.2%)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2017 and 6.0 min in 2018; +20.0%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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