JR San-in Main Line railway market report

JR San-in Main Line Land market overview

The average price of a sq.m Land of JR San-in Main Line (Yanase to Hamasaka), in Jul, 2014 to Sep, 2014 was 26,741 JPY/sq.m. The market value represents a decrease of 5,460 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 30 properties exchanged hands ( The market value represents a decrease of 10 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 334.7 sq.m (a -25.3% decrease compared to the 448.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Toyooka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toyooka station, where prices have increased +30.2% compared to last year; a sq.m unit now costs 42,480 JPY/sq.m.

The top 2 stations has seen prices increase +9.1% (+3,433 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.0% (-18,927 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.6 min in 2013 and 31.2 min in 2014; +27.1%)

Breakdown of each segment

The table below shows Land dealt in JR San-in Main Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

Top

Land stations market overview

The average price of a sq.m Land of Toyooka, the highest market value along this railway was 42,480 JPY/sq.m. The market value represents an increase of 9,857 JPY (+30.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 10 (-58.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Wadayama, the lowest market value along this railway was 19,512 JPY/sq.m. The market value represents a decrease of 4,142 JPY (-17.5%) compared to 1 year ago and a transition to a weak 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.).

JR San-in Main Line (Stations Land market overview)
JR San-in Main LineThis year(2014)1 year ago2 years ago
Yanase6,976 JPY (0.0Y/430.0sq.m)-1,600 JPY (0.0Y/1000.0sq.m)
Wadayama19,512 JPY (0.0Y/317.5sq.m)23,654 JPY (0.0Y/220.0sq.m)41,569 JPY (0.0Y/247.1sq.m)
Yabu-19,444 JPY (0.0Y/1080.0sq.m)14,202 JPY (0.0Y/265.0sq.m)
Youka21,842 JPY (0.0Y/211.0sq.m)24,834 JPY (0.0Y/1100.0sq.m)29,411 JPY (0.0Y/170.0sq.m)
Ebara25,837 JPY (0.0Y/420.6sq.m)29,872 JPY (0.0Y/371.2sq.m)14,289 JPY (0.0Y/345.0sq.m)
Kokufu-1,518 JPY (0.0Y/540.0sq.m)-
Toyooka42,480 JPY (0.0Y/421.4sq.m)32,622 JPY (0.0Y/280.3sq.m)25,955 JPY (0.0Y/518.8sq.m)
Gennbudou---
Kinosakionnsenn-47,431 JPY (0.0Y/172.5sq.m)47,647 JPY (0.0Y/1700.0sq.m)
Takeno29,090 JPY (0.0Y/220.0sq.m)54,538 JPY (0.0Y/77.5sq.m)-
Satsu--43,000 JPY (0.0Y/450.0sq.m)
Shibayama6,521 JPY (0.0Y/230.0sq.m)--
Kasumi30,000 JPY (0.0Y/200.0sq.m)42,407 JPY (0.0Y/280.0sq.m)45,878 JPY (0.0Y/192.5sq.m)
Amarube---
Kutani-21,153 JPY (0.0Y/520.0sq.m)3,906 JPY (0.0Y/640.0sq.m)
Hamasaka19,166 JPY (0.0Y/160.0sq.m)-33,427 JPY (0.0Y/347.5sq.m)

*Average unit prices per sq.m of Land 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.

Top

Noteworthy stations

Toyooka42,480 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Land of Toyooka was 42,480 JPY/sq.m. The market value represents an increase of 9,857 JPY (+30.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 10 (-58.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 421.4 sq.m (a +50.4% increase compared to the 280.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.6 min in 2013 and 43.9 min in 2014; +85.9%)

Youka21,842 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Youka was 21,842 JPY/sq.m. The market value represents a decrease of 2,992 JPY (-12.0%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 211.0 sq.m (a -80.8% decrease compared to the 1100.0 sq.m of last year.).

Takeno29,090 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Land of Takeno was 29,090 JPY/sq.m. The market value represents a decrease of 25,448 JPY (-46.7%) 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 size of the real estate was 220.0 sq.m (a +183.9% increase compared to the 77.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2013 and 14.0 min in 2014; +1300.0%)

Kasumi30,000 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Kasumi was 30,000 JPY/sq.m. The market value represents a decrease of 12,407 JPY (-29.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -28.6% decrease compared to the 280.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.8 min in 2013 and 29.0 min in 2014; +110.9%)

Breakdown of each segment

Station:   Segment:

Top

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)