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 Jan, 2017 to Mar, 2017 was 2,288 JPY/sq.m. The market value represents a decrease of 10,807 JPY (-82.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 766.0 sq.m (a +16.6% increase compared to the 656.7 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -89.0% (-18,724 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -99.7% (-12,087 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 39.0 min in 2016 and 76.8 min in 2017; +96.9%)

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

Top

Land stations market overview

The average price of a sq.m Land of Sayo, the highest market value along this railway was 2,325 JPY/sq.m. The market value represents a decrease of 18,724 JPY (-89.0%) 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 price of a sq.m Land of Kamigoori, the lowest market value along this railway was 39 JPY/sq.m. The market value represents a decrease of 12,087 JPY (-99.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

Chizu Express Line (Stations Land market overview)
Chizu Express LineThis year(2017)1 year ago2 years ago
Kamigoori39 JPY (0.0Y/1100.0sq.m)12,126 JPY (0.0Y/750.0sq.m)14,073 JPY (0.0Y/787.5sq.m)
Kokenawa---
Kounoharaennshinn---
Kuzaki9,000 JPY (0.0Y/100.0sq.m)--
Sayo2,325 JPY (0.0Y/430.0sq.m)21,048 JPY (0.0Y/295.0sq.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.

Top

Noteworthy stations

Sayo2,325 JPY/sq.m (-89% compared with the previous year)

The average price of a sq.m Land of Sayo was 2,325 JPY/sq.m. The market value represents a decrease of 18,724 JPY (-89.0%) 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 430.0 sq.m (a +45.8% increase compared to the 295.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.5 min in 2016 and 20.0 min in 2017; -32.2%)

Kamigoori39 JPY/sq.m (-100% compared with the previous year)

The average price of a sq.m Land of Kamigoori was 39 JPY/sq.m. The market value represents a decrease of 12,087 JPY (-99.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1100.0 sq.m (a +46.7% increase compared to the 750.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.3 min in 2016 and 120.0 min in 2017; +554.5%)

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)