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 Jan, 2016 to Mar, 2016 was 24,310 JPY/sq.m. The market value represents a decrease of 2,757 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 638.0 sq.m (a +110.3% increase compared to the 303.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Higiri station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higiri station, where prices have increased +47.8% compared to last year; a sq.m unit now costs 43,478 JPY/sq.m.

The top 1 stations has seen prices increase +47.8% (+14,067 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +47.8% (+14,067 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2015 and 25.2 min in 2016; +93.8%)

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

Top

Land stations market overview

The average price of a sq.m Land of Higiri, the highest market value along this railway was 43,478 JPY/sq.m. The market value represents an increase of 14,067 JPY (+47.8%) 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 Higiri, the lowest market value along this railway was 43,478 JPY/sq.m. The market value represents an increase of 14,067 JPY (+47.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Oigawa Railway Main Line (Stations Land market overview)
Oigawa Railway Main LineThis year(2016)1 year ago2 years ago
Kanaya10,000 JPY (0.0Y/1300.0sq.m)-37,951 JPY (0.0Y/534.1sq.m)
Shinnkanaya26,298 JPY (0.0Y/620.0sq.m)--
Daikannchou---
Higiri43,478 JPY (0.0Y/230.0sq.m)29,411 JPY (0.0Y/340.0sq.m)-
Goka---
Ieyama-36,363 JPY (0.0Y/220.0sq.m)24,615 JPY (0.0Y/195.0sq.m)
Jina---
Shimoizumi--12,272 JPY (0.0Y/220.0sq.m)
Tanokuchi---
Surugatokuyama---
Aobe---
Sennzu15,476 JPY (0.0Y/420.0sq.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.

Top

Noteworthy stations

Higiri43,478 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Land of Higiri was 43,478 JPY/sq.m. The market value represents an increase of 14,067 JPY (+47.8%) 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 230.0 sq.m (a -32.4% decrease compared to the 340.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 10.0 min in 2015 and 11.0 min in 2016; +10.0%)

Breakdown of each segment

Station:   Segment:

Top

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)