Chizu Express Line railway market report

Chizu Express Line Land market overview

The average price of a sq.m Land of Chizu Express Line (Kamigoori to Hirafuku), in Oct, 2016 to Dec, 2016 was 27,586 JPY/sq.m. The market value represents an increase of 25,338 JPY (+1127.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 275.0 sq.m (a -65.4% decrease compared to the 795.0 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +859.4% (+24,710 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +859.4% (+24,710 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.9 min in 2015 and 9.5 min in 2016; -83.0%)

Breakdown of each segment

The table below shows Land dealt in Chizu Express 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 Kamigoori, the highest market value along this railway was 27,586 JPY/sq.m. The market value represents an increase of 24,710 JPY (+859.4%) 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 price of a sq.m Land of Kamigoori, the lowest market value along this railway was 27,586 JPY/sq.m. The market value represents an increase of 24,710 JPY (+859.4%) 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.).

Chizu Express Line (Stations Land market overview)
Chizu Express LineThis year(2016)1 year ago2 years ago
Kamigoori27,586 JPY (0.0Y/275.0sq.m)2,875 JPY (0.0Y/892.0sq.m)11,974 JPY (0.0Y/482.5sq.m)
Kokenawa---
Kounoharaennshinn---
Kuzaki-1,172 JPY (0.0Y/145.0sq.m)-
Sayo-187 JPY (0.0Y/960.0sq.m)-
Hirafuku---

*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

Kamigoori27,586 JPY/sq.m (+859% compared with the previous year)

The average price of a sq.m Land of Kamigoori was 27,586 JPY/sq.m. The market value represents an increase of 24,710 JPY (+859.4%) 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 275.0 sq.m (a -69.2% decrease compared to the 892.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 74.4 min in 2015 and 9.5 min in 2016; -87.2%)

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)