JR Obama Line railway market report
- Type: Land
- Line: JR Obama Line
Matsunoodera Higashimaiduru [2 stations] - Period: 2016 - FY
Jan, 2016 Dec, 2016
JR Obama Line Land market overview
The average price of a sq.m Land of JR Obama Line (Matsunoodera to Higashimaiduru), in Jan, 2016 to Dec, 2016 was 44,889 JPY/sq.m. The market value represents a decrease of 4,559 JPY (-9.2%) compared to 1 year ago and a transition to a bear market. 28 properties exchanged hands ( The market value represents an increase of 1 (+3.7%) compared to 1 year ago and a transition to a some market.).
The average size of the real estate was 259.6 sq.m (a -32.7% decrease compared to the 385.9 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.
0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Higashimaiduru station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Higashimaiduru station, where prices have decreased -9.2% compared to last year; a sq.m unit now costs 44,889 JPY/sq.m.
The top 1 stations has seen prices increase -9.2% (-4,559 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.2% (-4,559 JPY/sq.m).
Causes of price decreases
- An increase in average distance from the station (representing 19.5 min in 2015 and 23.4 min in 2016; +19.8%)
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.8% of total transactions in 2015 and 7.1% of total transactions in 2016)
Breakdown of each segment
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
Land stations market overview
The average price of a sq.m Land of Higashimaiduru, the highest market value along this railway was 44,889 JPY/sq.m. The market value represents a decrease of 4,559 JPY (-9.2%) compared to 1 year ago and a transition to a bear market. 28 properties exchanged hands ( The market value represents an increase of 1 (+3.7%) compared to 1 year ago and a transition to a some market.).
The average price of a sq.m Land of Higashimaiduru, the lowest market value along this railway was 44,889 JPY/sq.m. The market value represents a decrease of 4,559 JPY (-9.2%) compared to 1 year ago and a transition to a bear market. 28 properties exchanged hands ( The market value represents an increase of 1 (+3.7%) compared to 1 year ago and a transition to a some market.).
| JR Obama Line | This year（2016） | 1 year ago | 2 years ago |
|---|---|---|---|
| Matsunoodera | - | - | - |
| Higashimaiduru | 44,889 JPY (0.0Y/259.6sq.m) | 49,447 JPY (0.0Y/385.9sq.m) | 57,717 JPY (0.0Y/215.9sq.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.
Noteworthy stations
Higashimaiduru 44,889 JPY/sq.m (-9% compared with the previous year)
The average price of a sq.m Land of Higashimaiduru was 44,889 JPY/sq.m. The market value represents a decrease of 4,559 JPY (-9.2%) compared to 1 year ago and a transition to a bear market. 28 properties exchanged hands ( The market value represents an increase of 1 (+3.7%) compared to 1 year ago and a transition to a some market.).
The average size of the real estate was 259.6 sq.m (a -32.7% decrease compared to the 385.9 sq.m of last year.).
Causes of price decreases
- An increase in average distance from the station (representing 19.5 min in 2015 and 23.4 min in 2016; +19.8%)
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.8% of total transactions in 2015 and 7.1% of total transactions in 2016)
Breakdown of each segment
Station: Segment: