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, 2016 to Sep, 2016 was 24,694 JPY/sq.m. The market value represents an increase of 1,815 JPY (+7.9%) compared to 1 year ago and a transition to a strong market. 33 properties exchanged hands ( The market value represents a decrease of 11 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 287.9 sq.m (a -6.7% decrease compared to the 308.4 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.

5 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Youka, Hamasaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takeno station, where prices have increased +358.7% compared to last year; a sq.m unit now costs 26,254 JPY/sq.m.

The top 2 stations has seen prices increase +265.8% (+22,190 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -9.9% (-1,708 JPY/sq.m).


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

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Land stations market overview

The average price of a sq.m Land of Youka, the highest market value along this railway was 38,264 JPY/sq.m. The market value represents an increase of 16,587 JPY (+76.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ebara, the lowest market value along this railway was 12,911 JPY/sq.m. The market value represents a decrease of 2,770 JPY (-17.7%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 4 (+80.0%) 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(2016)1 year ago2 years ago
Yanase-27,045 JPY (0.0Y/281.2sq.m)6,976 JPY (0.0Y/430.0sq.m)
Wadayama37,640 JPY (0.0Y/320.0sq.m)13,790 JPY (0.0Y/355.0sq.m)19,512 JPY (0.0Y/317.5sq.m)
Yabu---
Youka38,264 JPY (0.0Y/202.0sq.m)21,677 JPY (0.0Y/375.0sq.m)21,842 JPY (0.0Y/211.0sq.m)
Ebara12,911 JPY (0.0Y/307.2sq.m)15,681 JPY (0.0Y/313.0sq.m)25,837 JPY (0.0Y/420.6sq.m)
Kokufu20,000 JPY (0.0Y/260.0sq.m)18,014 JPY (0.0Y/225.0sq.m)-
Toyooka29,416 JPY (0.0Y/328.0sq.m)30,062 JPY (0.0Y/344.7sq.m)42,480 JPY (0.0Y/421.4sq.m)
Gennbudou-7,428 JPY (0.0Y/175.0sq.m)-
Kinosakionnsenn---
Takeno26,254 JPY (0.0Y/155.0sq.m)5,724 JPY (0.0Y/172.5sq.m)29,090 JPY (0.0Y/220.0sq.m)
Satsu---
Shibayama23,255 JPY (0.0Y/430.0sq.m)-6,521 JPY (0.0Y/230.0sq.m)
Kasumi-23,755 JPY (0.0Y/198.3sq.m)30,000 JPY (0.0Y/200.0sq.m)
Amarube---
Kutani6,666 JPY (0.0Y/142.5sq.m)--
Hamasaka28,846 JPY (0.0Y/520.0sq.m)23,243 JPY (0.0Y/185.0sq.m)19,166 JPY (0.0Y/160.0sq.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.

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Noteworthy stations

Takeno26,254 JPY/sq.m (+359% compared with the previous year)

The average price of a sq.m Land of Takeno was 26,254 JPY/sq.m. The market value represents an increase of 20,530 JPY (+358.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 155.0 sq.m (a -10.1% decrease compared to the 172.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2015 and 9.5 min in 2016; -47.2%)

Wadayama37,640 JPY/sq.m (+173% compared with the previous year)

The average price of a sq.m Land of Wadayama was 37,640 JPY/sq.m. The market value represents an increase of 23,850 JPY (+173.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.0 sq.m (a -9.9% decrease compared to the 355.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 36.0 min in 2015 and 18.0 min in 2016; -50.0%)

Ebara12,911 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Ebara was 12,911 JPY/sq.m. The market value represents a decrease of 2,770 JPY (-17.7%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 4 (+80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 307.2 sq.m (a -1.8% decrease compared to the 313.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.4 min in 2015 and 25.8 min in 2016; -53.5%)

Toyooka29,416 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Land of Toyooka was 29,416 JPY/sq.m. The market value represents a decrease of 646 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 8 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.0 sq.m (a -4.9% decrease compared to the 344.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 40.8 min in 2015 and 57.3 min in 2016; +40.3%)

Breakdown of each segment

Station:   Segment:

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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)