Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Jan, 2017 to Mar, 2017 was 268,886 JPY/sq.m. The market value represents a decrease of 14,885 JPY (-5.2%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 58 (-87.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 203.1 sq.m (a -24.9% decrease compared to the 270.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Nakayama, Kitayamata, Higashiyamata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higashiyamata station, where prices have increased +37.1% compared to last year; a sq.m unit now costs 309,090 JPY/sq.m.

The top 2 stations has seen prices increase +34.9% (+59,079 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.9% (-230,614 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.8 min in 2016 and 11.0 min in 2017; -30.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2016 and 25.0% of total transactions in 2017)

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 Kitayamata, the highest market value along this railway was 381,818 JPY/sq.m. The market value represents an increase of 85,175 JPY (+28.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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 140,000 JPY/sq.m. The market value represents an increase of 34,553 JPY (+32.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 16 (-94.1%) compared to 1 year ago and a transition to a dramatic market.).

Green Line (Stations Land market overview)
Green LineThis year(2017)1 year ago2 years ago
Nakayama140,000 JPY (0.0Y/200.0sq.m)105,447 JPY (0.0Y/373.8sq.m)152,283 JPY (0.0Y/312.1sq.m)
Kawawachou-169,868 JPY (0.0Y/229.2sq.m)125,598 JPY (0.0Y/304.3sq.m)
Tsudukifureainooka285,185 JPY (0.0Y/270.0sq.m)247,226 JPY (0.0Y/230.7sq.m)287,337 JPY (0.0Y/148.8sq.m)
Sennta-Minami326,315 JPY (0.0Y/95.0sq.m)462,206 JPY (0.0Y/323.8sq.m)334,191 JPY (0.0Y/250.6sq.m)
Sennta-Kita-523,582 JPY (0.0Y/191.2sq.m)321,190 JPY (0.0Y/530.0sq.m)
Kitayamata381,818 JPY (0.0Y/550.0sq.m)296,643 JPY (0.0Y/164.0sq.m)258,404 JPY (0.0Y/180.9sq.m)
Higashiyamata309,090 JPY (0.0Y/110.0sq.m)225,484 JPY (0.0Y/135.0sq.m)205,016 JPY (0.0Y/200.0sq.m)
Takata-232,916 JPY (0.0Y/428.1sq.m)266,591 JPY (0.0Y/183.3sq.m)
Hiyoshihonnchou245,454 JPY (0.0Y/220.0sq.m)247,058 JPY (0.0Y/170.0sq.m)341,372 JPY (0.0Y/130.0sq.m)
Hiyoshi231,615 JPY (0.0Y/90.0sq.m)556,951 JPY (0.0Y/148.5sq.m)229,504 JPY (0.0Y/206.9sq.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

Higashiyamata309,090 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Higashiyamata was 309,090 JPY/sq.m. The market value represents an increase of 83,606 JPY (+37.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 110.0 sq.m (a -18.5% decrease compared to the 135.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.5 min in 2016 and 8.0 min in 2017; -48.4%)

Nakayama140,000 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Land of Nakayama was 140,000 JPY/sq.m. The market value represents an increase of 34,553 JPY (+32.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 16 (-94.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -46.5% decrease compared to the 373.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 18.1 min in 2016 and 21.0 min in 2017; +16.3%)

Hiyoshi231,615 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 231,615 JPY/sq.m. The market value represents a decrease of 325,336 JPY (-58.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 8 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 90.0 sq.m (a -39.4% decrease compared to the 148.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.6 min in 2016 and 15.0 min in 2017; +29.3%)

Sennta-Minami326,315 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Sennta-Minami was 326,315 JPY/sq.m. The market value represents a decrease of 135,891 JPY (-29.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 95.0 sq.m (a -70.7% decrease compared to the 323.8 sq.m of last year.).


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)