JR Rikuu East Line Apartment market overview

The average price of a sq.m Apartment of JR Rikuu East Line (Furukawa to Narukoonnsenn), in Jan, 2017 to Mar, 2017 was 95,384 JPY/sq.m. The market value represents an increase of 26,310 JPY (+38.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.0 years old (a -29.8% decrease compared to the 28.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a +21.9% increase compared to the 53.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year.

The top 1 stations has seen prices increase +4.7% (+4,273 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.7% (+4,273 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.5 years old in 2016 and 20.0 years old in 2017; -29.8%)
  • A dramatic decrease in average distance from the station (representing 26.7 min in 2016 and 20.0 min in 2017; -25.0%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Breakdown of each segment

The table below shows Apartment dealt in JR Rikuu East 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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Furukawa, the highest market value along this railway was 95,384 JPY/sq.m. The market value represents an increase of 4,273 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Furukawa, the lowest market value along this railway was 95,384 JPY/sq.m. The market value represents an increase of 4,273 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Rikuu East Line (Stations Apartment market overview)
JR Rikuu East LineThis year(2017)1 year ago2 years ago
Furukawa95,384 JPY (20.0Y/65.0sq.m)91,111 JPY (22.1Y/60.0sq.m)177,331 JPY (18.4Y/66.7sq.m)
Narukoonnsenn-25,000 JPY (41.3Y/40.0sq.m)27,351 JPY (41.4Y/43.3sq.m)
*Average unit prices per sq.m of Apartment 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

Furukawa95,384 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Apartment of Furukawa was 95,384 JPY/sq.m. The market value represents an increase of 4,273 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.0 years old (a -9.6% decrease compared to the 22.1 years old of last year.). The average size of the real estate was 65.0 sq.m (a +8.3% increase compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.0 min in 2016 and 20.0 min in 2017; -20.0%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (http://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)