JR Sakai Line railway market report

JR Sakai Line Home market overview

The average price of JR Sakai Line (Yonago to Sakaiminato) Home, in Oct, 2018 to Dec, 2018 was 117,772 JPY/sq.m. The market value represents an increase of 34,617 JPY (+41.6%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents a decrease of 7 (-19.4%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 25.3 years old (a -34.1% decrease compared to the 38.4 years old of last year.). The average size of the real estate was 327.7 sq.m (a +2.1% increase compared to the 321.1 sq.m of last year.). The average total floor space of the real estate was 165.5 sq.m (a -10.7% decrease compared to the 185.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m, as well as a dramatic decrease in transactions involving older buildings over 40 years old.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Yonago, Gotou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Amariko station, where prices have increased +206.2% compared to last year; a sq.m unit now costs 214,286 JPY/sq.m.

The top 2 stations has seen prices increase +146.4% (+98,976 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -73.0% (-46,622 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 38.4 years old in 2017 and 25.3 years old in 2018; -34.1%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 51.5% of total transactions in 2017 and 24.0% of total transactions in 2018)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 9.1% of total transactions in 2017 and 16.0% of total transactions in 2018)

Home stations market overview

The average price of Amariko Home, the highest market value along this railway was 214,286 JPY/sq.m. The market value represents an increase of 144,310 JPY (+206.2%) 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 price of Babasakichou Home, the lowest market value along this railway was 4,000 JPY/sq.m. The market value represents a decrease of 36,580 JPY (-90.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

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.)
Yonago135,005 JPYsq.m
(21.70513698630137306sq.m)
86,509 JPYsq.m
(40.72541856925419337sq.m)
83,311 JPYsq.m
(31.32054794520548285sq.m)
Bakuroumachi---
Fujimichou---
Gotou115,643 JPYsq.m
(25.26986301369863365sq.m)
62,000 JPYsq.m
(34.77808219178082575.0sq.m)
221,638 JPYsq.m
(0.2534246575342466202sq.m)
Sannbonnmatsuguchi-53,043 JPYsq.m
(48.78630136986301240sq.m)
153,863 JPYsq.m
(21.517808219178082159sq.m)
Kawasakiguchi96,190 JPYsq.m
(26.27123287671233535sq.m)
95,000 JPYsq.m
(41.78082191780822260sq.m)
4,483 JPYsq.m
(38.78082191780822210sq.m)
Yumigahama44,697 JPYsq.m
(33.275342465753425378sq.m)
101,361 JPYsq.m
(30.373698630136985266sq.m)
119,146 JPYsq.m
(23.770776255707766152sq.m)
Wadahama--28,334 JPYsq.m
(45.78493150684932562sq.m)
Ooshinoduchou-76,000 JPYsq.m
(37.778082191780825210sq.m)
-
Yonagokuukou---
Nakahama40,000 JPYsq.m
(39.78082191780822210sq.m)
-67,500 JPYsq.m
(39.78082191780822585sq.m)
Takamatsuchou---
Amariko214,286 JPYsq.m
(26.76986301369863220sq.m)
69,976 JPYsq.m
(32.775342465753425188sq.m)
-
Agarimichi---
Babasakichou4,000 JPYsq.m
(49.78630136986301150sq.m)
40,580 JPYsq.m
(42.782648401826485680sq.m)
Sakaiminato--74,506 JPYsq.m
(38.77945205479452158sq.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

Amariko214,286 JPY/sq.m (+206% compared with the previous year)

The average price of Amariko Home was 214,286 JPY/sq.m. The market value represents an increase of 144,310 JPY (+206.2%) 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 26.8 years old (a -18.3% decrease compared to the 32.8 years old of last year.). The average size of the real estate was 220.0 sq.m (a +17.3% increase compared to the 187.5 sq.m of last year.). The average total floor space of the real estate was 70.0 sq.m (a -33.3% decrease compared to the 105.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 32.8 years old in 2017 and 26.8 years old in 2018; -18.3%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Gotou115,643 JPY/sq.m (+87% compared with the previous year)

The average price of Gotou Home was 115,643 JPY/sq.m. The market value represents an increase of 53,643 JPY (+86.5%) 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 25.3 years old (a -27.3% decrease compared to the 34.8 years old of last year.). The average size of the real estate was 365.0 sq.m (a +386.7% increase compared to the 75.0 sq.m of last year.). The average total floor space of the real estate was 137.5 sq.m (a +175.0% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.8 years old in 2017 and 25.3 years old in 2018; -27.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2017 and 6.0 min in 2018; +50.0%)

Babasakichou4,000 JPY/sq.m (-90% compared with the previous year)

The average price of Babasakichou Home was 4,000 JPY/sq.m. The market value represents a decrease of 36,580 JPY (-90.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 49.8 years old (a +16.4% increase compared to the 42.8 years old of last year.). The average size of the real estate was 150.0 sq.m (a -77.9% decrease compared to the 680.0 sq.m of last year.). The average total floor space of the real estate was 75.0 sq.m (a -58.9% decrease compared to the 182.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2017 and 12.0 min in 2018; -57.1%)

Causes of price decreases

  • An increase in average age of the building (representing 42.8 years old in 2017 and 49.8 years old in 2018; +16.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2017 and 100.0% of total transactions in 2018)

Yumigahama44,697 JPY/sq.m (-56% compared with the previous year)

The average price of Yumigahama Home was 44,697 JPY/sq.m. The market value represents a decrease of 56,664 JPY (-55.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.3 years old (a +9.6% increase compared to the 30.4 years old of last year.). The average size of the real estate was 377.5 sq.m (a +41.9% increase compared to the 266.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +38.1% increase compared to the 105.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.2 min in 2017 and 20.0 min in 2018; +31.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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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