JR Sakai Line railway market report

JR Sakai Line Home market overview

The average price of JR Sakai Line (Yonago to Sakaiminato) Home, in Jul, 2019 to Sep, 2019 was 108,634 JPY/sq.m. The market value represents an increase of 14,610 JPY (+15.5%) compared to 1 year ago and a transition to a bull market. 35 properties exchanged hands ( The market value represents an increase of 1 (+2.9%) compared to 1 year ago and a transition to a slight market.).

The average age of the real estate was 29.6 years old (a -7.8% decrease compared to the 32.1 years old of last year.). The average size of the real estate was 334.4 sq.m (a +5.9% increase compared to the 315.7 sq.m of last year.). The average total floor space of the real estate was 173.9 sq.m (a +8.8% increase compared to the 159.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Yonago station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yonago station, where prices have increased +23.4% compared to last year; a sq.m unit now costs 122,963 JPY/sq.m.

The top 1 stations has seen prices increase +23.4% (+23,348 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -68.1% (-97,340 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 57.6% of total transactions in 2018 and 48.4% of total transactions in 2019)
  • A some decrease in transactions involving older buildings over 40 years old (representing 27.3% of total transactions in 2018 and 25.8% of total transactions in 2019)

Causes of price decreases

  • An increase in average distance from the station (representing 31.7 min in 2018 and 37.3 min in 2019; +17.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.8% of total transactions in 2018 and 5.7% of total transactions in 2019)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 9.1% of total transactions in 2018 and 6.5% of total transactions in 2019)

Home stations market overview

The average price of Yonago Home, the highest market value along this railway was 122,963 JPY/sq.m. The market value represents an increase of 23,348 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents an increase of 3 (+12.0%) compared to 1 year ago and a transition to a bull market.).

The average price of Kawasakiguchi Home, the lowest market value along this railway was 9,630 JPY/sq.m. The market value represents a decrease of 9,570 JPY (-49.8%) 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yonago122,963 JPYsq.m
(27.73002283105023339sq.m)
99,615 JPYsq.m
(29.94052511415525314sq.m)
85,678 JPYsq.m
(34.41674277016743261sq.m)
Bakuroumachi---
Fujimichou-10,000 JPYsq.m
(35.52876712328767470sq.m)
20,000 JPYsq.m
(0.0130sq.m)
Gotou45,517 JPYsq.m
(52.53972602739726115sq.m)
142,857 JPYsq.m
(39.53150684931507260sq.m)
13,077 JPYsq.m
(53.5397260273972695.0sq.m)
Sannbonnmatsuguchi28,889 JPYsq.m
(53.53972602739726220sq.m)
-134,000 JPYsq.m
(23.019178082191782460sq.m)
Kawasakiguchi9,630 JPYsq.m
(48.536986301369865980sq.m)
19,200 JPYsq.m
(50.536986301369865270sq.m)
-
Yumigahama-146,667 JPYsq.m
(43.534246575342465115sq.m)
74,334 JPYsq.m
(38.03013698630137225sq.m)
Wadahama--22,728 JPYsq.m
(42.032876712328765220sq.m)
Ooshinoduchou--76,471 JPYsq.m
(38.53150684931507670sq.m)
Yonagokuukou---
Nakahama116,667 JPYsq.m
(12.512328767123288260sq.m)
-35,238 JPYsq.m
(37.52876712328767330sq.m)
Takamatsuchou-45,455 JPYsq.m
(42.53150684931507710sq.m)
100,000 JPYsq.m
(41.53150684931507220sq.m)
Amariko33,333 JPYsq.m
(40.53150684931507165sq.m)
--
Agarimichi68,182 JPYsq.m
(28.523287671232875280sq.m)
96,649 JPYsq.m
(30.85753424657534303sq.m)
-
Babasakichou100,000 JPYsq.m
(16.515068493150686200sq.m)
--
Sakaiminato-57,895 JPYsq.m
(37.52876712328767150sq.m)
109,375 JPYsq.m
(29.524657534246575150sq.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

Yonago122,963 JPY/sq.m (+23% compared with the previous year)

The average price of Yonago Home was 122,963 JPY/sq.m. The market value represents an increase of 23,348 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents an increase of 3 (+12.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 27.7 years old (a -7.4% decrease compared to the 29.9 years old of last year.). The average size of the real estate was 338.9 sq.m (a +7.9% increase compared to the 314.0 sq.m of last year.). The average total floor space of the real estate was 186.0 sq.m (a +15.6% increase compared to the 160.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2018 and 16.7% of total transactions in 2019)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 54.2% of total transactions in 2018 and 58.3% of total transactions in 2019)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 12.5% of total transactions in 2018 and 8.3% of total transactions in 2019)

Gotou45,517 JPY/sq.m (-68% compared with the previous year)

The average price of Gotou Home was 45,517 JPY/sq.m. The market value represents a decrease of 97,340 JPY (-68.1%) 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 52.5 years old (a +32.9% increase compared to the 39.5 years old of last year.). The average size of the real estate was 115.0 sq.m (a -55.8% decrease compared to the 260.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +3.6% increase compared to the 140.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 39.5 years old in 2018 and 52.5 years old in 2019; +32.9%)
  • A dramatic increase in average distance from the station (representing 1.0 min in 2018 and 4.0 min in 2019; +300.0%)

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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