JR San-in Main Line railway market report

JR San-in Main Line Home market overview

The average price of JR San-in Main Line (Higashihama to Yonago) Home, in Jan, 2018 to Dec, 2018 was 116,359 JPY/sq.m. The market value represents an increase of 14,073 JPY (+13.8%) compared to 1 year ago and a transition to a bull market. 287 properties exchanged hands ( The market value represents a decrease of 18 (-5.9%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 28.1 years old (a -7.9% decrease compared to the 30.5 years old of last year.). The average size of the real estate was 326.9 sq.m (a +0.9% increase compared to the 324.0 sq.m of last year.). The average total floor space of the real estate was 165.3 sq.m (a -8.1% decrease compared to the 179.9 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 increase in transactions involving nearly new buildings under 3 years old.

9 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Matsuzaki, Shimohoujou, Houkidaisenn, Yonago station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Houkidaisenn station, where prices have increased +74.5% compared to last year; a sq.m unit now costs 157,974 JPY/sq.m.

The top 2 stations has seen prices increase +66.4% (+51,438 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -77.8% (-193,846 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 10.0% of total transactions in 2017 and 15.4% of total transactions in 2018)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 40.9% of total transactions in 2017 and 38.2% of total transactions in 2018)

Home stations market overview

The average price of Koyama Home, the highest market value along this railway was 167,174 JPY/sq.m. The market value represents an increase of 4,095 JPY (+2.5%) compared to 1 year ago and a transition to a slight market. 16 properties exchanged hands ( The market value represents an increase of 4 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Hougi Home, the lowest market value along this railway was 15,398 JPY/sq.m. The market value represents a decrease of 20,236 JPY (-56.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR San-in Main Line (Stations Home market overview)
JR San-in Main LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Higashihama---
Iwami40,861 JPYsq.m
(40.91902587519026300sq.m)
104,405 JPYsq.m
(24.31890410958904507sq.m)
77,914 JPYsq.m
(22.58219178082192634sq.m)
Ooiwa-95,818 JPYsq.m
(14.261643835616438340sq.m)
32,174 JPYsq.m
(44.28219178082192370sq.m)
Fukube46,250 JPYsq.m
(19.64246575342466160sq.m)
352,381 JPYsq.m
(35.02465753424657940sq.m)
165,915 JPYsq.m
(14.763470319634704183sq.m)
Tottori137,949 JPYsq.m
(30.958530510585305270sq.m)
122,727 JPYsq.m
(29.064302981466557256sq.m)
117,316 JPYsq.m
(29.74454416627303215sq.m)
Koyama167,174 JPYsq.m
(19.081278538812786438sq.m)
163,079 JPYsq.m
(23.977168949771688290sq.m)
149,471 JPYsq.m
(21.8675799086758410sq.m)
Tottoridaigakumae104,030 JPYsq.m
(31.02252663622527305sq.m)
133,130 JPYsq.m
(27.543711083437113340sq.m)
55,778 JPYsq.m
(35.77729941291585251sq.m)
Suetsune37,143 JPYsq.m
(20.013698630136986230sq.m)
118,705 JPYsq.m
(18.70205479452055432sq.m)
74,603 JPYsq.m
(34.96506849315068355sq.m)
Hougi15,398 JPYsq.m
(25.646575342465752500sq.m)
35,634 JPYsq.m
(33.608219178082194633sq.m)
-
Hamamura77,986 JPYsq.m
(26.58219178082192534sq.m)
115,214 JPYsq.m
(15.93013698630137245sq.m)
81,594 JPYsq.m
(31.275068493150684298sq.m)
Aoya--29,255 JPYsq.m
(31.526027397260275453sq.m)
Tomari-21,875 JPYsq.m
(0.0490sq.m)
-
Matsuzaki82,443 JPYsq.m
(31.77260273972603383sq.m)
57,778 JPYsq.m
(34.152054794520545550sq.m)
20,339 JPYsq.m
(23.268493150684932550sq.m)
Kurayoshi82,924 JPYsq.m
(30.827635497319836311sq.m)
73,236 JPYsq.m
(33.057534246575344336sq.m)
62,791 JPYsq.m
(32.78493150684932354sq.m)
Shimohoujou96,296 JPYsq.m
(23.268493150684932305sq.m)
60,886 JPYsq.m
(27.96027397260274600sq.m)
79,488 JPYsq.m
(28.145205479452056158sq.m)
Yura64,927 JPYsq.m
(31.356164383561644397sq.m)
62,963 JPYsq.m
(20.14246575342466310sq.m)
44,940 JPYsq.m
(33.15102739726027482sq.m)
Urayasu29,266 JPYsq.m
(35.94155251141552559sq.m)
35,714 JPYsq.m
(24.52054794520548540sq.m)
75,213 JPYsq.m
(41.86666666666667427sq.m)
Yabase34,626 JPYsq.m
(36.02739726027397925sq.m)
35,455 JPYsq.m
(35.02465753424657270sq.m)
-
Akasaki19,910 JPYsq.m
(23.016438356164382490sq.m)
28,276 JPYsq.m
(35.9013698630137200sq.m)
4,762 JPYsq.m
(37.7808219178082290.0sq.m)
Nakayamaguchi164,706 JPYsq.m
(10.758904109589041350sq.m)
--
Shimoichi--33,898 JPYsq.m
(46.0328767123287651,400sq.m)
Mikuriya-20,000 JPYsq.m
(52.035616438356165360sq.m)
59,032 JPYsq.m
(21.393150684931506295sq.m)
Nawa18,750 JPYsq.m
(0.0280sq.m)
-46,802 JPYsq.m
(21.64246575342466500sq.m)
Daisennguchi128,758 JPYsq.m
(22.14109589041096218sq.m)
-125,000 JPYsq.m
(10.26027397260274700sq.m)
Yodoe-94,440 JPYsq.m
(0.7534246575342466425sq.m)
28,145 JPYsq.m
(36.652054794520545473sq.m)
Houkidaisenn157,974 JPYsq.m
(24.82191780821918331sq.m)
90,508 JPYsq.m
(29.856164383561644396sq.m)
142,734 JPYsq.m
(19.502336825141015248sq.m)
Higashiyamakouenn74,096 JPYsq.m
(37.4027397260274325sq.m)
66,149 JPYsq.m
(46.2335sq.m)
115,309 JPYsq.m
(28.22246575342466349sq.m)
Yonago123,056 JPYsq.m
(25.272659035466315328sq.m)
88,722 JPYsq.m
(36.04022831050228341sq.m)
97,989 JPYsq.m
(28.6826301369863305sq.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

Houkidaisenn157,974 JPY/sq.m (+75% compared with the previous year)

The average price of Houkidaisenn Home was 157,974 JPY/sq.m. The market value represents an increase of 67,466 JPY (+74.5%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 2 (-10.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 24.8 years old (a -16.9% decrease compared to the 29.9 years old of last year.). The average size of the real estate was 331.3 sq.m (a -16.4% decrease compared to the 396.3 sq.m of last year.). The average total floor space of the real estate was 101.7 sq.m (a -22.3% decrease compared to the 130.8 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 29.9 years old in 2017 and 24.8 years old in 2018; -16.9%)
  • A dramatic decrease in average distance from the station (representing 28.7 min in 2017 and 20.5 min in 2018; -28.8%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.1% of total transactions in 2017 and 21.4% of total transactions in 2018)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 55.6% of total transactions in 2017 and 21.4% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2017 and 28.6% of total transactions in 2018)

Shimohoujou96,296 JPY/sq.m (+58% compared with the previous year)

The average price of Shimohoujou Home was 96,296 JPY/sq.m. The market value represents an increase of 35,411 JPY (+58.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 23.3 years old (a -16.8% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 305.0 sq.m (a -49.2% decrease compared to the 600.0 sq.m of last year.). The average total floor space of the real estate was 103.3 sq.m (a -38.3% decrease compared to the 167.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 28.0 years old in 2017 and 23.3 years old in 2018; -16.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 33.3% of total transactions in 2018)

Causes of price decreases

  • An increase in average distance from the station (representing 24.4 min in 2017 and 27.6 min in 2018; +13.1%)

Fukube46,250 JPY/sq.m (-87% compared with the previous year)

The average price of Fukube Home was 46,250 JPY/sq.m. The market value represents a decrease of 306,131 JPY (-86.9%) 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 19.6 years old (a -43.9% decrease compared to the 35.0 years old of last year.). The average size of the real estate was 160.0 sq.m (a -83.0% decrease compared to the 940.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a +9.5% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.0 years old in 2017 and 19.6 years old in 2018; -43.9%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 21.5 min in 2018; -28.3%)
  • 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)

Suetsune37,143 JPY/sq.m (-69% compared with the previous year)

The average price of Suetsune Home was 37,143 JPY/sq.m. The market value represents a decrease of 81,562 JPY (-68.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.0 years old (a +7.0% increase compared to the 18.7 years old of last year.). The average size of the real estate was 230.0 sq.m (a -46.8% decrease compared to the 432.5 sq.m of last year.). The average total floor space of the real estate was 210.0 sq.m (a +61.5% increase compared to the 130.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.2 min in 2017 and 7.0 min in 2018; -78.3%)

Breakdown of each segment

Station:   Segment:

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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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