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, 2020 to Sep, 2020 was 133,439 JPY/sq.m. The market value represents an increase of 25,851 JPY (+24.0%) compared to 1 year ago and a transition to a dramatic market. 97 properties exchanged hands ( The market value represents an increase of 18 (+22.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.2 years old (a -14.2% decrease compared to the 28.2 years old of last year.). The average size of the real estate was 304.3 sq.m (a -4.2% decrease compared to the 317.5 sq.m of last year.). The average total floor space of the real estate was 165.9 sq.m (a +1.0% increase compared to the 164.2 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 nearly new buildings under 3 years old.

9 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Koyama, Kurayoshi, Shimohoujou, Yonago station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwami station, where prices have increased +453.4% compared to last year; a sq.m unit now costs 78,400 JPY/sq.m.

The top 2 stations has seen prices increase +411.6% (+67,102 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -62.1% (-48,924 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 28.2 years old in 2019 and 24.2 years old in 2020; -14.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.3% of total transactions in 2019 and 18.2% of total transactions in 2020)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 24.2% of total transactions in 2019 and 15.6% of total transactions in 2020)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 46.8% of total transactions in 2019 and 50.6% of total transactions in 2020)
  • An decrease in transactions involving recently constructed buildings under 6 years old (representing 1.6% of total transactions in 2019 and 1.3% of total transactions in 2020)

Home stations market overview

The average price of Tottoridaigakumae Home, the highest market value along this railway was 217,016 JPY/sq.m. The market value represents an increase of 34,560 JPY (+18.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Daisennguchi Home, the lowest market value along this railway was 27,273 JPY/sq.m. The market value represents a decrease of 52,727 JPY (-65.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR San-in Main Line (Stations Home market overview)
JR San-in Main LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Higashihama---
Iwami78,400 JPYsq.m
(20.517808219178082248sq.m)
14,167 JPYsq.m
(43.53150684931507260sq.m)
55,714 JPYsq.m
(33.52602739726027535sq.m)
Ooiwa---
Fukube32,260 JPYsq.m
(20.85296803652968362sq.m)
77,381 JPYsq.m
(23.852054794520548500sq.m)
80,000 JPYsq.m
(11.512328767123288185sq.m)
Tottori148,099 JPYsq.m
(23.7590345727332273sq.m)
142,089 JPYsq.m
(26.521061643835615247sq.m)
146,461 JPYsq.m
(25.187442922374427253sq.m)
Koyama150,268 JPYsq.m
(31.776712328767122196sq.m)
96,234 JPYsq.m
(34.52602739726027455sq.m)
231,637 JPYsq.m
(13.112328767123287470sq.m)
Tottoridaigakumae217,016 JPYsq.m
(27.523287671232875188sq.m)
182,456 JPYsq.m
(14.512328767123288185sq.m)
277,778 JPYsq.m
(0.5041095890410959330sq.m)
Suetsune---
Hougi69,630 JPYsq.m
(28.523287671232875330sq.m)
-21,250 JPYsq.m
(31.526027397260275510sq.m)
Hamamura88,889 JPYsq.m
(45.536986301369865340sq.m)
18,919 JPYsq.m
(24.52054794520548680sq.m)
-
Aoya1,111 JPYsq.m
(55.5424657534246645.0sq.m)
--
Tomari---
Matsuzaki20,588 JPYsq.m
(27.5232876712328751,100sq.m)
-86,667 JPYsq.m
(0.0307sq.m)
Kurayoshi117,795 JPYsq.m
(22.62054794520548338sq.m)
78,598 JPYsq.m
(31.85753424657534256sq.m)
95,601 JPYsq.m
(34.36027397260274266sq.m)
Shimohoujou66,270 JPYsq.m
(22.52054794520548340sq.m)
33,750 JPYsq.m
(36.52876712328767340sq.m)
100,000 JPYsq.m
(22.017808219178082258sq.m)
Yura56,566 JPYsq.m
(35.52876712328767630sq.m)
--
Urayasu-5,476 JPYsq.m
(56.54246575342466252sq.m)
-
Yabase-100,000 JPYsq.m
(15.512328767123288610sq.m)
-
Akasaki38,889 JPYsq.m
(18.517808219178082150sq.m)
55,556 JPYsq.m
(54.53972602739726320sq.m)
-
Nakayamaguchi---
Shimoichi-32,344 JPYsq.m
(46.534246575342465248sq.m)
-
Mikuriya---
Nawa---
Daisennguchi27,273 JPYsq.m
(36.52876712328767140sq.m)
80,000 JPYsq.m
(19.5150684931506861,200sq.m)
-
Yodoe51,588 JPYsq.m
(30.526027397260275585sq.m)
--
Houkidaisenn126,414 JPYsq.m
(16.89109589041096205sq.m)
51,664 JPYsq.m
(26.02054794520548182sq.m)
147,822 JPYsq.m
(2.504109589041096443sq.m)
Higashiyamakouenn--74,074 JPYsq.m
(32.52602739726027420sq.m)
Yonago186,366 JPYsq.m
(21.990008058017725324sq.m)
122,963 JPYsq.m
(27.73002283105023339sq.m)
99,615 JPYsq.m
(29.94052511415525314sq.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

Iwami78,400 JPY/sq.m (+453% compared with the previous year)

The average price of Iwami Home was 78,400 JPY/sq.m. The market value represents an increase of 64,233 JPY (+453.4%) 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 20.5 years old (a -52.9% decrease compared to the 43.5 years old of last year.). The average size of the real estate was 247.5 sq.m (a -4.8% decrease compared to the 260.0 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a +4.2% increase compared to the 120.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 43.5 years old in 2019 and 20.5 years old in 2020; -52.9%)
  • An decrease in average distance from the station (representing 30.0 min in 2019 and 25.5 min in 2020; -15.0%)

Hamamura88,889 JPY/sq.m (+370% compared with the previous year)

The average price of Hamamura Home was 88,889 JPY/sq.m. The market value represents an increase of 69,970 JPY (+369.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 45.5 years old (a +85.7% increase compared to the 24.5 years old of last year.). The average size of the real estate was 340.0 sq.m (a -50.0% decrease compared to the 680.0 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a -27.0% decrease compared to the 185.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.5 years old in 2019 and 45.5 years old in 2020; +85.7%)
  • A dramatic increase in average distance from the station (representing 15.5 min in 2019 and 26.3 min in 2020; +69.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Daisennguchi27,273 JPY/sq.m (-66% compared with the previous year)

The average price of Daisennguchi Home was 27,273 JPY/sq.m. The market value represents a decrease of 52,727 JPY (-65.9%) 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 36.5 years old (a +87.2% increase compared to the 19.5 years old of last year.). The average size of the real estate was 140.0 sq.m (a -88.3% decrease compared to the 1200.0 sq.m of last year.). The average total floor space of the real estate was 55.0 sq.m (a -45.0% decrease compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2019 and 28.0 min in 2020; -53.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.5 years old in 2019 and 36.5 years old in 2020; +87.2%)

Fukube32,260 JPY/sq.m (-58% compared with the previous year)

The average price of Fukube Home was 32,260 JPY/sq.m. The market value represents a decrease of 45,121 JPY (-58.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.9 years old (a -12.6% decrease compared to the 23.9 years old of last year.). The average size of the real estate was 362.5 sq.m (a -27.5% decrease compared to the 500.0 sq.m of last year.). The average total floor space of the real estate was 443.3 sq.m (a +157.0% increase compared to the 172.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 23.9 years old in 2019 and 20.9 years old in 2020; -12.6%)
  • A dramatic decrease in average distance from the station (representing 25.3 min in 2019 and 19.2 min in 2020; -24.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2019 and 33.3% of total transactions in 2020)

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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