Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Jan, 2015 to Dec, 2015 was 230,632 JPY/sq.m. The market value represents a decrease of 12,611 JPY (-5.2%) compared to 1 year ago and a transition to a bear market. 93 properties exchanged hands ( The market value represents a decrease of 8 (-7.9%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 238.1 sq.m (a -19.3% decrease compared to the 295.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

4 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Sennta-Minami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sennta-Minami station, where prices have increased +35.3% compared to last year; a sq.m unit now costs 334,191 JPY/sq.m.

The top 2 stations has seen prices increase +25.6% (+61,941 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -29.9% (-72,239 JPY/sq.m).


Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.9% of total transactions in 2014 and 7.5% 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:

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Land stations market overview

The average price of a sq.m Land of Hiyoshihonnchou, the highest market value along this railway was 341,372 JPY/sq.m. The market value represents a decrease of 14,606 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kawawachou, the lowest market value along this railway was 125,598 JPY/sq.m. The market value represents a decrease of 65,059 JPY (-34.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands (It was the same as last year.).

Green Line (Stations Land market overview)
Green LineThis year(2015)1 year ago2 years ago
Nakayama152,283 JPY (0.0Y/312.1sq.m)176,020 JPY (0.0Y/296.5sq.m)178,023 JPY (0.0Y/336.4sq.m)
Kawawachou125,598 JPY (0.0Y/304.3sq.m)190,657 JPY (0.0Y/266.4sq.m)170,930 JPY (0.0Y/165.0sq.m)
Tsudukifureainooka287,337 JPY (0.0Y/148.8sq.m)255,920 JPY (0.0Y/212.0sq.m)264,272 JPY (0.0Y/205.0sq.m)
Sennta-Minami334,191 JPY (0.0Y/250.6sq.m)246,944 JPY (0.0Y/538.0sq.m)365,569 JPY (0.0Y/273.0sq.m)
Sennta-Kita321,190 JPY (0.0Y/530.0sq.m)356,757 JPY (0.0Y/512.5sq.m)264,774 JPY (0.0Y/223.2sq.m)
Kitayamata258,404 JPY (0.0Y/180.9sq.m)277,395 JPY (0.0Y/217.0sq.m)231,354 JPY (0.0Y/233.8sq.m)
Higashiyamata205,016 JPY (0.0Y/200.0sq.m)189,562 JPY (0.0Y/285.6sq.m)194,443 JPY (0.0Y/223.6sq.m)
Takata266,591 JPY (0.0Y/183.3sq.m)229,955 JPY (0.0Y/428.8sq.m)166,447 JPY (0.0Y/226.5sq.m)
Hiyoshihonnchou341,372 JPY (0.0Y/130.0sq.m)355,978 JPY (0.0Y/204.0sq.m)270,138 JPY (0.0Y/240.3sq.m)
Hiyoshi229,504 JPY (0.0Y/206.9sq.m)308,924 JPY (0.0Y/141.2sq.m)340,912 JPY (0.0Y/205.4sq.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

Sennta-Minami334,191 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Land of Sennta-Minami was 334,191 JPY/sq.m. The market value represents an increase of 87,247 JPY (+35.3%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.6 sq.m (a -53.4% decrease compared to the 538.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.4 min in 2014 and 13.5 min in 2015; +29.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2014 and 12.5% of total transactions in 2015)

Takata266,591 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Takata was 266,591 JPY/sq.m. The market value represents an increase of 36,636 JPY (+15.9%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents a decrease of 1 (-7.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 183.3 sq.m (a -57.2% decrease compared to the 428.8 sq.m of last year.).

Kawawachou125,598 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Kawawachou was 125,598 JPY/sq.m. The market value represents a decrease of 65,059 JPY (-34.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 304.3 sq.m (a +14.2% increase compared to the 266.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.4 min in 2014 and 12.6 min in 2015; -12.9%)

Hiyoshi229,504 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 229,504 JPY/sq.m. The market value represents a decrease of 79,419 JPY (-25.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 4 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 206.9 sq.m (a +46.5% increase compared to the 141.2 sq.m of last year.).

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 8.3% of total transactions in 2014 and 12.5% of total transactions in 2015)

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)