Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Oct, 2015 to Dec, 2015 was 240,510 JPY/sq.m. The market value represents an increase of 10,450 JPY (+4.5%) compared to 1 year ago and a transition to a some market. 23 properties exchanged hands ( The market value represents an increase of 2 (+9.5%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 237.2 sq.m (a -17.6% decrease compared to the 287.9 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.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Kawawachou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kawawachou station, where prices have increased +40.8% compared to last year; a sq.m unit now costs 219,047 JPY/sq.m.

The top 2 stations has seen prices increase +29.7% (+44,624 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -18.8% (-92,248 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2014 and 8.7% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Green 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:

Top

Land stations market overview

The average price of a sq.m Land of Hiyoshihonnchou, the highest market value along this railway was 376,000 JPY/sq.m. The market value represents a decrease of 33,090 JPY (-8.1%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Nakayama, the lowest market value along this railway was 164,765 JPY/sq.m. The market value represents an increase of 25,785 JPY (+18.6%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents an increase of 5 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Green Line (Stations Land market overview)
Green LineThis year(2015)1 year ago2 years ago
Nakayama164,765 JPY (0.0Y/320.5sq.m)138,980 JPY (0.0Y/331.0sq.m)226,131 JPY (0.0Y/228.8sq.m)
Kawawachou219,047 JPY (0.0Y/105.0sq.m)155,583 JPY (0.0Y/455.0sq.m)151,667 JPY (0.0Y/130.0sq.m)
Tsudukifureainooka--321,005 JPY (0.0Y/161.7sq.m)
Sennta-Minami394,676 JPY (0.0Y/187.5sq.m)--
Sennta-Kita-361,232 JPY (0.0Y/415.0sq.m)223,030 JPY (0.0Y/260.0sq.m)
Kitayamata261,586 JPY (0.0Y/223.0sq.m)258,688 JPY (0.0Y/286.7sq.m)277,460 JPY (0.0Y/171.7sq.m)
Higashiyamata232,996 JPY (0.0Y/150.0sq.m)230,450 JPY (0.0Y/180.0sq.m)303,462 JPY (0.0Y/565.0sq.m)
Takata-95,454 JPY (0.0Y/220.0sq.m)123,266 JPY (0.0Y/168.6sq.m)
Hiyoshihonnchou376,000 JPY (0.0Y/125.0sq.m)409,090 JPY (0.0Y/110.0sq.m)280,943 JPY (0.0Y/312.0sq.m)
Hiyoshi362,878 JPY (0.0Y/115.0sq.m)514,285 JPY (0.0Y/105.0sq.m)334,580 JPY (0.0Y/255.5sq.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

Kawawachou219,047 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Kawawachou was 219,047 JPY/sq.m. The market value represents an increase of 63,464 JPY (+40.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 105.0 sq.m (a -76.9% decrease compared to the 455.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.7 min in 2014 and 9.0 min in 2015; -38.6%)

Nakayama164,765 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Nakayama was 164,765 JPY/sq.m. The market value represents an increase of 25,785 JPY (+18.6%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents an increase of 5 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.5 sq.m (a -3.2% decrease compared to the 331.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 22.4 min in 2014 and 18.5 min in 2015; -17.4%)

Hiyoshi362,878 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 362,878 JPY/sq.m. The market value represents a decrease of 151,407 JPY (-29.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 115.0 sq.m (a +9.5% increase compared to the 105.0 sq.m of last year.).

Hiyoshihonnchou376,000 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Land of Hiyoshihonnchou was 376,000 JPY/sq.m. The market value represents a decrease of 33,090 JPY (-8.1%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 125.0 sq.m (a +13.6% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2014 and 19.0 min in 2015; +137.5%)

Breakdown of each segment

Station:   Segment:

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)