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, 2020 to Dec, 2020 was 123,235 JPY/sq.m. The market value represents an increase of 22,485 JPY (+22.3%) compared to 1 year ago and a transition to a dramatic market. 350 properties exchanged hands ( The market value represents an increase of 49 (+16.3%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 28.1 years old (a -7.5% decrease compared to the 30.3 years old of last year.). The average size of the real estate was 309.1 sq.m (a -10.3% decrease compared to the 344.5 sq.m of last year.). The average total floor space of the real estate was 184.2 sq.m (a -0.7% decrease compared to the 185.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

13 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Iwami, Tottori, Suetsune, Hamamura, Daisennguchi, Houkidaisenn, Yonago station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higashiyamakouenn station, where prices have increased +1225.0% compared to last year; a sq.m unit now costs 185,504 JPY/sq.m.

The top 2 stations has seen prices increase +981.0% (+105,930 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -79.4% (-30,516 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 10.1% of total transactions in 2019 and 15.7% of total transactions in 2020)
  • An decrease in transactions involving older buildings over 40 years old (representing 32.4% of total transactions in 2019 and 28.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.3% of total transactions in 2019 and 2.0% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.0% of total transactions in 2019 and 0.6% of total transactions in 2020)

Home stations market overview

The average price of Higashiyamakouenn Home, the highest market value along this railway was 185,504 JPY/sq.m. The market value represents an increase of 171,504 JPY (+1225.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Shimoichi Home, the lowest market value along this railway was 2,609 JPY/sq.m. The market value represents a decrease of 29,734 JPY (-91.9%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Higashihama18,286 JPYsq.m
(52.78904109589041480sq.m)
--
Iwami149,233 JPYsq.m
(16.814794520547945376sq.m)
80,835 JPYsq.m
(35.02557077625571207sq.m)
40,861 JPYsq.m
(40.91902587519026300sq.m)
Ooiwa60,000 JPYsq.m
(23.76986301369863610sq.m)
--
Fukube62,290 JPYsq.m
(19.64246575342466305sq.m)
72,176 JPYsq.m
(24.706164383561642800sq.m)
46,250 JPYsq.m
(19.64246575342466160sq.m)
Tottori140,646 JPYsq.m
(27.53183893731839240sq.m)
115,719 JPYsq.m
(31.815753424657533259sq.m)
137,949 JPYsq.m
(30.958530510585305270sq.m)
Koyama122,636 JPYsq.m
(32.25605900948367374sq.m)
102,308 JPYsq.m
(33.02435312024353261sq.m)
167,174 JPYsq.m
(19.081278538812786438sq.m)
Tottoridaigakumae173,588 JPYsq.m
(16.23890410958904216sq.m)
152,730 JPYsq.m
(20.864657534246575378sq.m)
104,030 JPYsq.m
(31.02252663622527305sq.m)
Suetsune98,602 JPYsq.m
(37.152054794520545350sq.m)
74,348 JPYsq.m
(23.204109589041096306sq.m)
37,143 JPYsq.m
(20.013698630136986230sq.m)
Hougi69,630 JPYsq.m
(28.523287671232875330sq.m)
-15,398 JPYsq.m
(25.646575342465752500sq.m)
Hamamura101,440 JPYsq.m
(32.02648401826484440sq.m)
84,136 JPYsq.m
(23.124070450097847508sq.m)
77,986 JPYsq.m
(26.58219178082192534sq.m)
Aoya1,111 JPYsq.m
(55.5424657534246645.0sq.m)
--
Tomari-22,286 JPYsq.m
(31.27123287671233130sq.m)
-
Matsuzaki15,454 JPYsq.m
(36.028310502283105886sq.m)
46,751 JPYsq.m
(36.02465753424657275sq.m)
82,443 JPYsq.m
(31.77260273972603383sq.m)
Kurayoshi71,951 JPYsq.m
(33.357571269900035336sq.m)
76,879 JPYsq.m
(35.575671232876715471sq.m)
82,924 JPYsq.m
(30.827635497319836311sq.m)
Shimohoujou64,550 JPYsq.m
(19.434703196347034289sq.m)
55,336 JPYsq.m
(29.27123287671233314sq.m)
96,296 JPYsq.m
(23.268493150684932305sq.m)
Yura50,409 JPYsq.m
(35.52876712328767628sq.m)
66,667 JPYsq.m
(20.767123287671232390sq.m)
64,927 JPYsq.m
(31.356164383561644397sq.m)
Urayasu45,833 JPYsq.m
(47.28493150684932400sq.m)
5,476 JPYsq.m
(56.54246575342466252sq.m)
29,266 JPYsq.m
(35.94155251141552559sq.m)
Yabase-100,000 JPYsq.m
(15.512328767123288393sq.m)
34,626 JPYsq.m
(36.02739726027397925sq.m)
Akasaki45,752 JPYsq.m
(26.855707762557078297sq.m)
74,461 JPYsq.m
(38.19360730593607510sq.m)
19,910 JPYsq.m
(23.016438356164382490sq.m)
Nakayamaguchi--164,706 JPYsq.m
(10.758904109589041350sq.m)
Shimoichi2,609 JPYsq.m
(45.78630136986301155sq.m)
32,344 JPYsq.m
(46.534246575342465248sq.m)
-
Mikuriya---
Nawa57,000 JPYsq.m
(38.27945205479452565sq.m)
-18,750 JPYsq.m
(0.0280sq.m)
Daisennguchi55,835 JPYsq.m
(33.52511415525114413sq.m)
37,670 JPYsq.m
(30.938812785388127802sq.m)
128,758 JPYsq.m
(22.14109589041096218sq.m)
Yodoe118,980 JPYsq.m
(23.87013698630137586sq.m)
55,294 JPYsq.m
(31.019178082191782538sq.m)
-
Houkidaisenn138,672 JPYsq.m
(18.560676873489122304sq.m)
92,780 JPYsq.m
(20.922602739726027255sq.m)
157,974 JPYsq.m
(24.82191780821918331sq.m)
Higashiyamakouenn185,504 JPYsq.m
(23.456164383561642375sq.m)
14,000 JPYsq.m
(0.753424657534246695.0sq.m)
74,096 JPYsq.m
(37.4027397260274325sq.m)
Yonago141,564 JPYsq.m
(28.540361326186225303sq.m)
107,695 JPYsq.m
(29.85631247686042350sq.m)
123,056 JPYsq.m
(25.272659035466315328sq.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

Higashiyamakouenn185,504 JPY/sq.m (+1225% compared with the previous year)

The average price of Higashiyamakouenn Home was 185,504 JPY/sq.m. The market value represents an increase of 171,504 JPY (+1225.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.5 years old (a +3013.3% increase compared to the 0.8 years old of last year.). The average size of the real estate was 375.0 sq.m (a +294.7% increase compared to the 95.0 sq.m of last year.). The average total floor space of the real estate was 113.8 sq.m (a +13.8% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.8 years old in 2019 and 23.5 years old in 2020; +3013.3%)
  • An increase in average distance from the station (representing 26.0 min in 2019 and 30.0 min in 2020; +15.4%)

Urayasu45,833 JPY/sq.m (+737% compared with the previous year)

The average price of Urayasu Home was 45,833 JPY/sq.m. The market value represents an increase of 40,357 JPY (+737.0%) 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 47.3 years old (a -16.4% decrease compared to the 56.5 years old of last year.). The average size of the real estate was 400.0 sq.m (a +58.4% increase compared to the 252.5 sq.m of last year.). The average total floor space of the real estate was 240.0 sq.m (a +71.4% increase compared to the 140.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 56.5 years old in 2019 and 47.3 years old in 2020; -16.4%)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Shimoichi2,609 JPY/sq.m (-92% compared with the previous year)

The average price of Shimoichi Home was 2,609 JPY/sq.m. The market value represents a decrease of 29,734 JPY (-91.9%) 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 45.8 years old (a -1.6% decrease compared to the 46.5 years old of last year.). The average size of the real estate was 155.0 sq.m (a -37.4% decrease compared to the 247.5 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a +15.0% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.5 min in 2019 and 14.0 min in 2020; +64.7%)

Matsuzaki15,454 JPY/sq.m (-67% compared with the previous year)

The average price of Matsuzaki Home was 15,454 JPY/sq.m. The market value represents a decrease of 31,297 JPY (-66.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.0 years old (a +0.0% increase compared to the 36.0 years old of last year.). The average size of the real estate was 886.2 sq.m (a +222.3% increase compared to the 275.0 sq.m of last year.). The average total floor space of the real estate was 276.7 sq.m (a +8.5% increase compared to the 255.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.5 min in 2019 and 27.5 min in 2020; +400.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 66.7% of total transactions in 2020)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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