Iwate JR Ōfunato Line Land market overview [Show ]

The average price of a sq.m Land of Iwate JR JR Ōfunato Line, in 2017 was 16,163 JPY/sq.m. The market value represents a decrease of 3,839 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 128 (-96.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 444.0 sq.m (a +5.6% increase compared to the 420.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.7 min in 2016 and 39.2 min in 2017; +58.9%)

The highest Land market value is Oofunato at 37,268 JPY/sq.m. On the other hand, those with the lowest market value is Niitsuki at 3,056 JPY/sq.m.

Data regarding the market value and its changes of Land in JR Ōfunato Line were calculated using data on the sales of 1,364 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Ichinoseki [Land utilization ]13,576,987 JPY27,428 JPY/sq.m
Mataki5,272,222 JPY9,880 JPY/sq.m
Rikuchuukannzaki3,490,870 JPY8,424 JPY/sq.m
Iwanoshita892,500 JPY8,971 JPY/sq.m
Rikuchuumatsukawa8,425,000 JPY6,402 JPY/sq.m
Geibikei2,262,000 JPY8,437 JPY/sq.m
Shibajuku5,372,500 JPY9,510 JPY/sq.m
Surisawa5,966,950 JPY7,854 JPY/sq.m
Sennmaya4,237,000 JPY12,901 JPY/sq.m
Konashi1,755,000 JPY5,326 JPY/sq.m
Orikabe4,493,333 JPY9,149 JPY/sq.m
Niitsuki1,790,000 JPY2,845 JPY/sq.m
Takekoma8,626,708 JPY8,871 JPY/sq.m
Rikuzenntakata5,543,478 JPY17,543 JPY/sq.m
Wakinosawa3,916,207 JPY11,646 JPY/sq.m
Otomo2,982,222 JPY8,484 JPY/sq.m
Hosoura4,607,500 JPY11,204 JPY/sq.m
Shimofunato8,322,222 JPY21,230 JPY/sq.m
Oofunato12,506,250 JPY35,036 JPY/sq.m
Sakari11,922,048 JPY26,531 JPY/sq.m