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 Jul, 2019 to Sep, 2019 was 107,588 JPY/sq.m. The market value represents a decrease of 13,999 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 79 properties exchanged hands ( The market value represents an increase of 11 (+16.2%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 28.2 years old (a +8.1% increase compared to the 26.0 years old of last year.). The average size of the real estate was 317.5 sq.m (a +0.1% increase compared to the 317.2 sq.m of last year.). The average total floor space of the real estate was 164.2 sq.m (a -11.9% decrease compared to the 186.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 8 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 2 stations has seen prices increase +10.2% (+9,488 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -70.4% (-53,899 JPY/sq.m).

Cause of price increases

  • A slight decrease in transactions involving older buildings over 40 years old (representing 24.6% of total transactions in 2018 and 24.2% of total transactions in 2019)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 21.1% of total transactions in 2018 and 11.3% of total transactions in 2019)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 42.1% of total transactions in 2018 and 46.8% of total transactions in 2019)

Home stations market overview

The average price of Tottoridaigakumae Home, the highest market value along this railway was 182,456 JPY/sq.m. The market value represents a decrease of 95,322 JPY (-34.3%) 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 price of Iwami Home, the lowest market value along this railway was 14,167 JPY/sq.m. The market value represents a decrease of 41,548 JPY (-74.6%) 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.).

JR San-in Main Line (Stations Home market overview)
JR San-in Main LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Higashihama---
Iwami14,167 JPYsq.m
(43.53150684931507260sq.m)
55,714 JPYsq.m
(33.52602739726027535sq.m)
150,792 JPYsq.m
(23.019178082191782332sq.m)
Ooiwa---
Fukube77,381 JPYsq.m
(23.852054794520548500sq.m)
80,000 JPYsq.m
(11.512328767123288185sq.m)
-
Tottori142,089 JPYsq.m
(26.521061643835615247sq.m)
146,461 JPYsq.m
(25.187442922374427253sq.m)
98,683 JPYsq.m
(35.40722291407223278sq.m)
Koyama96,234 JPYsq.m
(34.52602739726027455sq.m)
231,637 JPYsq.m
(13.112328767123287470sq.m)
67,500 JPYsq.m
(40.03150684931507332sq.m)
Tottoridaigakumae182,456 JPYsq.m
(14.512328767123288185sq.m)
277,778 JPYsq.m
(0.5041095890410959330sq.m)
77,054 JPYsq.m
(38.03013698630137280sq.m)
Suetsune--145,455 JPYsq.m
(21.517808219178082150sq.m)
Hougi-21,250 JPYsq.m
(31.526027397260275510sq.m)
Hamamura18,919 JPYsq.m
(24.52054794520548680sq.m)
-172,718 JPYsq.m
(11.178995433789956283sq.m)
Aoya---
Tomari--21,875 JPYsq.m
(0.0490sq.m)
Matsuzaki-86,667 JPYsq.m
(0.0307sq.m)
77,778 JPYsq.m
(44.534246575342465370sq.m)
Kurayoshi78,598 JPYsq.m
(31.85753424657534256sq.m)
95,601 JPYsq.m
(34.36027397260274266sq.m)
98,735 JPYsq.m
(32.92657534246575357sq.m)
Shimohoujou33,750 JPYsq.m
(36.52876712328767340sq.m)
100,000 JPYsq.m
(22.017808219178082258sq.m)
73,595 JPYsq.m
(26.522374429223742635sq.m)
Yura--59,259 JPYsq.m
(13.512328767123288270sq.m)
Urayasu5,476 JPYsq.m
(56.54246575342466252sq.m)
-35,714 JPYsq.m
(24.52054794520548540sq.m)
Yabase100,000 JPYsq.m
(15.512328767123288610sq.m)
--
Akasaki55,556 JPYsq.m
(54.53972602739726320sq.m)
--
Nakayamaguchi---
Shimoichi32,344 JPYsq.m
(46.534246575342465248sq.m)
--
Mikuriya---
Nawa---
Daisennguchi80,000 JPYsq.m
(19.5150684931506861,200sq.m)
--
Yodoe--59,788 JPYsq.m
(0.0575sq.m)
Houkidaisenn51,664 JPYsq.m
(26.02054794520548182sq.m)
147,822 JPYsq.m
(2.504109589041096443sq.m)
67,278 JPYsq.m
(42.8675799086758377sq.m)
Higashiyamakouenn-74,074 JPYsq.m
(32.52602739726027420sq.m)
-
Yonago122,963 JPYsq.m
(27.73002283105023339sq.m)
99,615 JPYsq.m
(29.94052511415525314sq.m)
85,678 JPYsq.m
(34.41674277016743261sq.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)

Tottori142,089 JPY/sq.m (-3% compared with the previous year)

The average price of Tottori Home was 142,089 JPY/sq.m. The market value represents a decrease of 4,372 JPY (-3.0%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents an increase of 4 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.5 years old (a +5.3% increase compared to the 25.2 years old of last year.). The average size of the real estate was 246.8 sq.m (a -2.6% decrease compared to the 253.3 sq.m of last year.). The average total floor space of the real estate was 184.4 sq.m (a +8.5% increase compared to the 170.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2018 and 25.0% of total transactions in 2019)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2018 and 37.5% of total transactions in 2019)

Causes of price decreases

  • An increase in average distance from the station (representing 23.3 min in 2018 and 26.6 min in 2019; +14.1%)

Iwami14,167 JPY/sq.m (-75% compared with the previous year)

The average price of Iwami Home was 14,167 JPY/sq.m. The market value represents a decrease of 41,548 JPY (-74.6%) 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 43.5 years old (a +29.8% increase compared to the 33.5 years old of last year.). The average size of the real estate was 260.0 sq.m (a -51.4% decrease compared to the 535.0 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a -47.3% decrease compared to the 227.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 33.5 years old in 2018 and 43.5 years old in 2019; +29.8%)
  • An increase in average distance from the station (representing 26.5 min in 2018 and 30.0 min in 2019; +13.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

Shimohoujou33,750 JPY/sq.m (-66% compared with the previous year)

The average price of Shimohoujou Home was 33,750 JPY/sq.m. The market value represents a decrease of 66,250 JPY (-66.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.5 years old (a +65.9% increase compared to the 22.0 years old of last year.). The average size of the real estate was 340.0 sq.m (a +31.6% increase compared to the 258.3 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -8.6% decrease compared to the 87.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.0 years old in 2018 and 36.5 years old in 2019; +65.9%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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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