Green Line railway market report

Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Jan, 2017 to Dec, 2017 was 241,862 JPY/sq.m. The market value represents a decrease of 45,623 JPY (-15.9%) compared to 1 year ago and a transition to a weak market. 49 properties exchanged hands ( The market value represents a decrease of 47 (-49.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 267.6 sq.m (a -6.5% decrease compared to the 286.0 sq.m of last year.).

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

3 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Nakayama, Higashiyamata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakayama station, where prices have increased +73.3% compared to last year; a sq.m unit now costs 193,060 JPY/sq.m.

The top 2 stations has seen prices increase +49.5% (+65,532 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -69.2% (-366,010 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 14.5 min in 2016 and 13.0 min in 2017; -10.2%)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.2% of total transactions in 2016 and 6.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2016 and 2.0% 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Sennta-Minami, the highest market value along this railway was 373,589 JPY/sq.m. The market value represents a decrease of 156,216 JPY (-29.5%) 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 price of a sq.m Land of Sennta-Kita, the lowest market value along this railway was 63,636 JPY/sq.m. The market value represents a decrease of 459,946 JPY (-87.8%) 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.).

Green Line (Stations Land market overview)
Green LineThis year(2017)1 year ago2 years ago
Nakayama193,060 JPY (0.0Y/245.6sq.m)111,374 JPY (0.0Y/438.5sq.m)152,283 JPY (0.0Y/312.1sq.m)
Kawawachou188,574 JPY (0.0Y/287.5sq.m)203,978 JPY (0.0Y/193.0sq.m)125,598 JPY (0.0Y/304.3sq.m)
Tsudukifureainooka197,304 JPY (0.0Y/271.0sq.m)257,640 JPY (0.0Y/208.5sq.m)287,337 JPY (0.0Y/148.8sq.m)
Sennta-Minami373,589 JPY (0.0Y/256.4sq.m)529,806 JPY (0.0Y/328.6sq.m)334,191 JPY (0.0Y/250.6sq.m)
Sennta-Kita63,636 JPY (0.0Y/1100.0sq.m)523,582 JPY (0.0Y/191.2sq.m)321,190 JPY (0.0Y/530.0sq.m)
Kitayamata309,685 JPY (0.0Y/463.3sq.m)297,203 JPY (0.0Y/165.0sq.m)258,404 JPY (0.0Y/180.9sq.m)
Higashiyamata241,530 JPY (0.0Y/170.8sq.m)192,152 JPY (0.0Y/125.0sq.m)205,016 JPY (0.0Y/200.0sq.m)
Takata174,476 JPY (0.0Y/122.0sq.m)223,544 JPY (0.0Y/402.0sq.m)266,591 JPY (0.0Y/183.3sq.m)
Hiyoshihonnchou245,454 JPY (0.0Y/220.0sq.m)387,165 JPY (0.0Y/167.5sq.m)341,372 JPY (0.0Y/130.0sq.m)
Hiyoshi265,678 JPY (0.0Y/277.8sq.m)537,754 JPY (0.0Y/171.3sq.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.

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Noteworthy stations

Nakayama193,060 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Land of Nakayama was 193,060 JPY/sq.m. The market value represents an increase of 81,686 JPY (+73.3%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 19 (-70.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 245.6 sq.m (a -44.0% decrease compared to the 438.5 sq.m of last year.).

Higashiyamata241,530 JPY/sq.m (+26% compared with the previous year)

The average price of a sq.m Land of Higashiyamata was 241,530 JPY/sq.m. The market value represents an increase of 49,378 JPY (+25.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 170.8 sq.m (a +36.7% increase compared to the 125.0 sq.m of last year.).

Sennta-Kita63,636 JPY/sq.m (-88% compared with the previous year)

The average price of a sq.m Land of Sennta-Kita was 63,636 JPY/sq.m. The market value represents a decrease of 459,946 JPY (-87.8%) 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 1100.0 sq.m (a +475.2% increase compared to the 191.2 sq.m of last year.).

Hiyoshi265,678 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 265,678 JPY/sq.m. The market value represents a decrease of 272,075 JPY (-50.6%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 6 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 277.8 sq.m (a +62.1% increase compared to the 171.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2016 and 15.8 min in 2017; +49.8%)

Breakdown of each segment

Station:   Segment:

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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)