Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Jul, 2016 to Sep, 2016 was 223,350 JPY/sq.m. The market value represents a decrease of 30,811 JPY (-12.1%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents a decrease of 5 (-26.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 180.4 sq.m (a -32.3% decrease compared to the 266.3 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.

2 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Kawawachou 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 +183.9% compared to last year; a sq.m unit now costs 340,740 JPY/sq.m.

The top 2 stations has seen prices increase +107.3% (+133,840 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -75.6% (-279,834 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.7 min in 2015 and 22.1 min in 2016; +88.9%)

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 Hiyoshi, the highest market value along this railway was 340,740 JPY/sq.m. The market value represents an increase of 220,740 JPY (+183.9%) 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 price of a sq.m Land of Nakayama, the lowest market value along this railway was 21,250 JPY/sq.m. The market value represents a decrease of 135,892 JPY (-86.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Green Line (Stations Land market overview)
Green LineThis year(2016)1 year ago2 years ago
Nakayama21,250 JPY (0.0Y/40.0sq.m)157,142 JPY (0.0Y/140.0sq.m)174,628 JPY (0.0Y/295.0sq.m)
Kawawachou200,000 JPY (0.0Y/165.0sq.m)153,061 JPY (0.0Y/980.0sq.m)209,283 JPY (0.0Y/125.0sq.m)
Tsudukifureainooka236,700 JPY (0.0Y/218.3sq.m)281,818 JPY (0.0Y/165.0sq.m)267,262 JPY (0.0Y/235.0sq.m)
Sennta-Minami230,769 JPY (0.0Y/520.0sq.m)654,545 JPY (0.0Y/110.0sq.m)60,000 JPY (0.0Y/300.0sq.m)
Sennta-Kita-228,360 JPY (0.0Y/430.0sq.m)343,434 JPY (0.0Y/990.0sq.m)
Kitayamata272,857 JPY (0.0Y/142.5sq.m)275,000 JPY (0.0Y/200.0sq.m)304,234 JPY (0.0Y/187.5sq.m)
Higashiyamata216,587 JPY (0.0Y/141.7sq.m)222,659 JPY (0.0Y/206.2sq.m)211,007 JPY (0.0Y/365.0sq.m)
Takata214,286 JPY (0.0Y/82.5sq.m)263,330 JPY (0.0Y/303.8sq.m)400,000 JPY (0.0Y/170.0sq.m)
Hiyoshihonnchou-230,000 JPY (0.0Y/100.0sq.m)427,272 JPY (0.0Y/110.0sq.m)
Hiyoshi340,740 JPY (0.0Y/270.0sq.m)120,000 JPY (0.0Y/100.0sq.m)256,511 JPY (0.0Y/148.8sq.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

Hiyoshi340,740 JPY/sq.m (+184% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 340,740 JPY/sq.m. The market value represents an increase of 220,740 JPY (+183.9%) 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 270.0 sq.m (a +170.0% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2015 and 24.0 min in 2016; +71.4%)

Kawawachou200,000 JPY/sq.m (+31% compared with the previous year)

The average price of a sq.m Land of Kawawachou was 200,000 JPY/sq.m. The market value represents an increase of 46,939 JPY (+30.7%) 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 165.0 sq.m (a -83.2% decrease compared to the 980.0 sq.m of last year.).

Nakayama21,250 JPY/sq.m (-86% compared with the previous year)

The average price of a sq.m Land of Nakayama was 21,250 JPY/sq.m. The market value represents a decrease of 135,892 JPY (-86.5%) 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 40.0 sq.m (a -71.4% decrease compared to the 140.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2015 and 18.0 min in 2016; -35.7%)

Sennta-Minami230,769 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Sennta-Minami was 230,769 JPY/sq.m. The market value represents a decrease of 423,776 JPY (-64.7%) 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 520.0 sq.m (a +372.7% 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 5.0 min in 2015 and 20.0 min in 2016; +300.0%)

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)