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.





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