JR Minobu Line railway market report

JR Minobu Line Land market overview

The average price of a sq.m Land of JR Minobu Line (Fuji to Shibakawa), in Jan, 2014 to Mar, 2014 was 47,990 JPY/sq.m. The market value represents a decrease of 9,550 JPY (-16.6%) compared to 1 year ago and a transition to a weak market. 67 properties exchanged hands ( The market value represents a decrease of 40 (-37.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 418.1 sq.m (a -7.8% decrease compared to the 453.4 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.

1 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. IRiyamase station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at IRiyamase station, where prices have increased +40.7% compared to last year; a sq.m unit now costs 66,440 JPY/sq.m.

The top 2 stations has seen prices increase +16.0% (+6,666 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.9% (-20,589 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.3 min in 2013 and 32.4 min in 2014; +28.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.7% of total transactions in 2013 and 1.5% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Minobu 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 IRiyamase, the highest market value along this railway was 66,440 JPY/sq.m. The market value represents an increase of 19,219 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shibakawa, the lowest market value along this railway was 12,871 JPY/sq.m. The market value represents a decrease of 19,129 JPY (-59.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Minobu Line (Stations Land market overview)
JR Minobu LineThis year(2014)1 year ago2 years ago
Fuji61,908 JPY (0.0Y/402.2sq.m)67,795 JPY (0.0Y/449.9sq.m)64,374 JPY (0.0Y/428.7sq.m)
Yunoki-85,714 JPY (0.0Y/280.0sq.m)-
Tatebori-51,813 JPY (0.0Y/796.2sq.m)35,454 JPY (0.0Y/1100.0sq.m)
IRiyamase66,440 JPY (0.0Y/182.5sq.m)47,221 JPY (0.0Y/485.6sq.m)47,079 JPY (0.0Y/447.0sq.m)
Fujine-22,386 JPY (0.0Y/413.8sq.m)39,595 JPY (0.0Y/259.5sq.m)
Genndouji42,898 JPY (0.0Y/230.0sq.m)64,947 JPY (0.0Y/257.0sq.m)26,018 JPY (0.0Y/352.5sq.m)
Fujinomiya38,732 JPY (0.0Y/566.9sq.m)47,187 JPY (0.0Y/391.3sq.m)43,441 JPY (0.0Y/408.6sq.m)
Nishifujinomiya32,372 JPY (0.0Y/298.8sq.m)39,276 JPY (0.0Y/596.5sq.m)31,631 JPY (0.0Y/253.1sq.m)
Numakubo---
Shibakawa12,871 JPY (0.0Y/256.7sq.m)32,000 JPY (0.0Y/75.0sq.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

IRiyamase66,440 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of IRiyamase was 66,440 JPY/sq.m. The market value represents an increase of 19,219 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 182.5 sq.m (a -62.4% decrease compared to the 485.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.4 min in 2013 and 19.5 min in 2014; +26.8%)

Fuji61,908 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Fuji was 61,908 JPY/sq.m. The market value represents a decrease of 5,887 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 29 properties exchanged hands ( The market value represents a decrease of 26 (-47.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 402.2 sq.m (a -10.6% decrease compared to the 449.9 sq.m of last year.).

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 1.8% of total transactions in 2013 and 3.4% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 30.3 min in 2013 and 33.8 min in 2014; +11.5%)

Shibakawa12,871 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Land of Shibakawa was 12,871 JPY/sq.m. The market value represents a decrease of 19,129 JPY (-59.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 256.7 sq.m (a +242.2% increase compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2013 and 38.3 min in 2014; +173.8%)

Genndouji42,898 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Genndouji was 42,898 JPY/sq.m. The market value represents a decrease of 22,049 JPY (-33.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 230.0 sq.m (a -10.5% decrease compared to the 257.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.6 min in 2013 and 20.8 min in 2014; +116.1%)

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)