Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Apr, 2016 to Jun, 2016 was 294,001 JPY/sq.m. The market value represents an increase of 45,664 JPY (+18.4%) compared to 1 year ago and a transition to a bull market. 29 properties exchanged hands ( The market value represents an increase of 1 (+3.6%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 299.8 sq.m (a +26.3% increase compared to the 237.3 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.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kawawachou, Hiyoshi 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 +119.3% compared to last year; a sq.m unit now costs 539,352 JPY/sq.m.

The top 2 stations has seen prices increase +103.6% (+274,171 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.4% (-84,018 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 3.6% of total transactions in 2015 and 10.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.5 min in 2015 and 13.9 min in 2016; +20.8%)

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 544,660 JPY/sq.m. The market value represents an increase of 254,917 JPY (+88.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nakayama, the lowest market value along this railway was 103,110 JPY/sq.m. The market value represents a decrease of 32,614 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) 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
Nakayama103,110 JPY (0.0Y/358.3sq.m)135,724 JPY (0.0Y/243.8sq.m)205,561 JPY (0.0Y/293.6sq.m)
Kawawachou163,842 JPY (0.0Y/242.0sq.m)135,912 JPY (0.0Y/375.0sq.m)-
Tsudukifureainooka250,261 JPY (0.0Y/210.0sq.m)-235,722 JPY (0.0Y/173.8sq.m)
Sennta-Minami539,352 JPY (0.0Y/258.3sq.m)245,926 JPY (0.0Y/304.0sq.m)311,110 JPY (0.0Y/736.7sq.m)
Sennta-Kita371,428 JPY (0.0Y/210.0sq.m)506,849 JPY (0.0Y/730.0sq.m)-
Kitayamata-285,682 JPY (0.0Y/145.0sq.m)247,619 JPY (0.0Y/210.0sq.m)
Higashiyamata-151,264 JPY (0.0Y/212.5sq.m)176,588 JPY (0.0Y/345.7sq.m)
Takata215,984 JPY (0.0Y/590.0sq.m)269,666 JPY (0.0Y/132.5sq.m)207,358 JPY (0.0Y/127.0sq.m)
Hiyoshihonnchou-379,744 JPY (0.0Y/147.5sq.m)209,523 JPY (0.0Y/420.0sq.m)
Hiyoshi544,660 JPY (0.0Y/128.3sq.m)289,743 JPY (0.0Y/287.5sq.m)299,537 JPY (0.0Y/87.5sq.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

Sennta-Minami539,352 JPY/sq.m (+119% compared with the previous year)

The average price of a sq.m Land of Sennta-Minami was 539,352 JPY/sq.m. The market value represents an increase of 293,425 JPY (+119.3%) 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 258.3 sq.m (a -15.0% decrease compared to the 304.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.8 min in 2015 and 13.0 min in 2016; -22.6%)

Hiyoshi544,660 JPY/sq.m (+88% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 544,660 JPY/sq.m. The market value represents an increase of 254,917 JPY (+88.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 128.3 sq.m (a -55.4% decrease compared to the 287.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2015 and 12.2 min in 2016; -32.4%)

Sennta-Kita371,428 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Sennta-Kita was 371,428 JPY/sq.m. The market value represents a decrease of 135,421 JPY (-26.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 210.0 sq.m (a -71.2% decrease compared to the 730.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2015 and 18.0 min in 2016; +100.0%)

Nakayama103,110 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Nakayama was 103,110 JPY/sq.m. The market value represents a decrease of 32,614 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 358.3 sq.m (a +47.0% increase compared to the 243.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.5 min in 2015 and 18.0 min in 2016; +89.5%)

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)