JR Iida Line railway market report

JR Iida Line Land market overview

The average price of a sq.m Land of JR Iida Line (Kamiichiba to Chuubutennryuu), in Apr, 2016 to Sep, 2016 was 2,709 JPY/sq.m. The market value represents a decrease of 1,523 JPY (-36.0%) 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 325.0 sq.m (a +27.0% increase compared to the 256.0 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +121.5% (+1,864 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +121.5% (+1,864 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 20.0% of total transactions in 2015 and 66.7% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in JR Iida 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 Urakawa, the highest market value along this railway was 3,397 JPY/sq.m. The market value represents an increase of 1,864 JPY (+121.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Urakawa, the lowest market value along this railway was 3,397 JPY/sq.m. The market value represents an increase of 1,864 JPY (+121.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Iida Line (Stations Land market overview)
JR Iida LineThis year(2016)1 year ago2 years ago
Kamiichiba1,333 JPY (0.0Y/75.0sq.m)--
Urakawa3,397 JPY (0.0Y/450.0sq.m)1,534 JPY (0.0Y/455.0sq.m)2,105 JPY (0.0Y/95.0sq.m)
Chuubutennryuu---

*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

Urakawa3,397 JPY/sq.m (+122% compared with the previous year)

The average price of a sq.m Land of Urakawa was 3,397 JPY/sq.m. The market value represents an increase of 1,864 JPY (+121.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 450.0 sq.m (a -1.1% decrease compared to the 455.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 8.0 min in 2015 and 9.5 min in 2016; +18.8%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

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)