Oigawa Railway Main Line railway market report

Oigawa Railway Main Line Land market overview

The average price of a sq.m Land of Oigawa Railway Main Line (Kanaya to Sennzu), in Jul, 2015 to Sep, 2015 was 17,925 JPY/sq.m. The market value represents a decrease of 18,859 JPY (-51.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 560.8 sq.m (a +205.2% increase compared to the 183.8 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; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -22.1% (-4,573 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.3% (-17,696 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.8 min in 2014 and 75.3 min in 2015; +378.3%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2014 and 16.7% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Oigawa Railway Main 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 Shinnkanaya, the highest market value along this railway was 25,161 JPY/sq.m. The market value represents a decrease of 17,696 JPY (-41.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kanaya, the lowest market value along this railway was 16,116 JPY/sq.m. The market value represents a decrease of 4,573 JPY (-22.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

Oigawa Railway Main Line (Stations Land market overview)
Oigawa Railway Main LineThis year(2015)1 year ago2 years ago
Kanaya16,116 JPY (0.0Y/642.0sq.m)20,689 JPY (0.0Y/145.0sq.m)41,487 JPY (0.0Y/261.0sq.m)
Shinnkanaya25,161 JPY (0.0Y/155.0sq.m)42,857 JPY (0.0Y/280.0sq.m)46,834 JPY (0.0Y/265.0sq.m)
Daikannchou-36,923 JPY (0.0Y/130.0sq.m)-
Higiri-46,666 JPY (0.0Y/180.0sq.m)-
Goka---
Ieyama---
Jina---
Shimoizumi---
Tanokuchi---
Surugatokuyama--6,000 JPY (0.0Y/75.0sq.m)
Aobe---
Sennzu---

*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

Kanaya16,116 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Kanaya was 16,116 JPY/sq.m. The market value represents a decrease of 4,573 JPY (-22.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 642.0 sq.m (a +342.8% increase compared to the 145.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2014 and 89.8 min in 2015; +199.3%)

Shinnkanaya25,161 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Shinnkanaya was 25,161 JPY/sq.m. The market value represents a decrease of 17,696 JPY (-41.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 155.0 sq.m (a -44.6% decrease compared to the 280.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.0 min in 2014 and 3.0 min in 2015; -40.0%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

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)