Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Jan, 2016 to Mar, 2016 was 308,737 JPY/sq.m. The market value represents an increase of 128,973 JPY (+71.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 288.0 sq.m (a +32.9% increase compared to the 216.7 sq.m of last year.).

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

4 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Kitayamata, Higashiyamata, Takata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hiyoshi station, where prices have increased +377.3% compared to last year; a sq.m unit now costs 653,603 JPY/sq.m.

The top 2 stations has seen prices increase +207.6% (+301,207 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -12.9% (-24,255 JPY/sq.m).



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 Hiyoshi, the highest market value along this railway was 653,603 JPY/sq.m. The market value represents an increase of 516,672 JPY (+377.3%) 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 price of a sq.m Land of Nakayama, the lowest market value along this railway was 116,361 JPY/sq.m. The market value represents a decrease of 25,349 JPY (-17.9%) compared to 1 year ago and a transition to a weak market. 10 properties exchanged hands ( The market value represents an increase of 4 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

Green Line (Stations Land market overview)
Green LineThis year(2016)1 year ago2 years ago
Nakayama116,361 JPY (0.0Y/416.5sq.m)141,710 JPY (0.0Y/372.5sq.m)160,000 JPY (0.0Y/150.0sq.m)
Kawawachou-78,417 JPY (0.0Y/98.3sq.m)240,000 JPY (0.0Y/125.0sq.m)
Tsudukifureainooka269,696 JPY (0.0Y/330.0sq.m)292,857 JPY (0.0Y/132.5sq.m)280,000 JPY (0.0Y/250.0sq.m)
Sennta-Minami--305,555 JPY (0.0Y/180.0sq.m)
Sennta-Kita574,299 JPY (0.0Y/185.0sq.m)-365,606 JPY (0.0Y/132.5sq.m)
Kitayamata312,501 JPY (0.0Y/178.3sq.m)226,760 JPY (0.0Y/160.0sq.m)266,666 JPY (0.0Y/175.0sq.m)
Higashiyamata252,173 JPY (0.0Y/115.0sq.m)195,500 JPY (0.0Y/225.0sq.m)111,309 JPY (0.0Y/260.0sq.m)
Takata354,838 JPY (0.0Y/310.0sq.m)263,888 JPY (0.0Y/95.0sq.m)249,315 JPY (0.0Y/758.3sq.m)
Hiyoshihonnchou247,058 JPY (0.0Y/170.0sq.m)-367,003 JPY (0.0Y/190.0sq.m)
Hiyoshi653,603 JPY (0.0Y/148.3sq.m)136,931 JPY (0.0Y/250.0sq.m)313,536 JPY (0.0Y/164.0sq.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.
Top

Noteworthy stations

Hiyoshi653,603 JPY/sq.m (+377% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 653,603 JPY/sq.m. The market value represents an increase of 516,672 JPY (+377.3%) 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 148.3 sq.m (a -40.7% decrease compared to the 250.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2015 and 6.3 min in 2016; -57.8%)

Kitayamata312,501 JPY/sq.m (+38% compared with the previous year)

The average price of a sq.m Land of Kitayamata was 312,501 JPY/sq.m. The market value represents an increase of 85,741 JPY (+37.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 178.3 sq.m (a +11.5% increase compared to the 160.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 14.0 min in 2015 and 15.7 min in 2016; +11.9%)

Nakayama116,361 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Nakayama was 116,361 JPY/sq.m. The market value represents a decrease of 25,349 JPY (-17.9%) compared to 1 year ago and a transition to a weak market. 10 properties exchanged hands ( The market value represents an increase of 4 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 416.5 sq.m (a +11.8% increase compared to the 372.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 15.8 min in 2015 and 18.1 min in 2016; +14.3%)

Tsudukifureainooka269,696 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Land of Tsudukifureainooka was 269,696 JPY/sq.m. The market value represents a decrease of 23,161 JPY (-7.9%) compared to 1 year ago and a transition to a bear 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 330.0 sq.m (a +149.1% increase compared to the 132.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.5 min in 2015 and 18.0 min in 2016; +111.8%)

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)