JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Apr, 2013 to Jun, 2013 was 15,937 JPY/sq.m. The market value represents an increase of 597 JPY (+3.9%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents an increase of 16 (+320.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 641.9 sq.m (a +36.3% increase compared to the 471.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kuji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuji station, where prices have increased +50.2% compared to last year; a sq.m unit now costs 19,787 JPY/sq.m.

The top 1 stations has seen prices increase +50.2% (+6,612 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -77.0% (-18,474 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2012 and 51.9 min in 2013; +270.4%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2012 and 4.8% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Hachinohe 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

Land stations market overview

The average price of a sq.m Land of Kuji, the highest market value along this railway was 19,787 JPY/sq.m. The market value represents an increase of 6,612 JPY (+50.2%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 10 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Taneichi, the lowest market value along this railway was 5,526 JPY/sq.m. The market value represents a decrease of 18,474 JPY (-77.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2013)1 year ago2 years ago
Kadonohama---
Hiranai---
Taneichi5,526 JPY (0.0Y/380.0sq.m)24,000 JPY (0.0Y/200.0sq.m)-
Tamagawa---
Rikuchuuyagi7,857 JPY (0.0Y/980.0sq.m)--
Rikuchuunakano---
Samuraihama10,394 JPY (0.0Y/766.0sq.m)--
Rikuchuunatsui--14,062 JPY (0.0Y/1160.0sq.m)
Kuji19,787 JPY (0.0Y/592.1sq.m)13,175 JPY (0.0Y/538.8sq.m)25,000 JPY (0.0Y/1120.0sq.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

Kuji19,787 JPY/sq.m (+50% compared with the previous year)

The average price of a sq.m Land of Kuji was 19,787 JPY/sq.m. The market value represents an increase of 6,612 JPY (+50.2%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 10 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 592.1 sq.m (a +9.9% increase compared to the 538.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.5 min in 2012 and 30.0 min in 2013; +81.8%)

Taneichi5,526 JPY/sq.m (-77% compared with the previous year)

The average price of a sq.m Land of Taneichi was 5,526 JPY/sq.m. The market value represents a decrease of 18,474 JPY (-77.0%) 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 380.0 sq.m (a +90.0% increase compared to the 200.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2012 and 120.0 min in 2013; +2900.0%)

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)