JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Oct, 2013 to Dec, 2013 was 12,440 JPY/sq.m. The market value represents a decrease of 4,991 JPY (-28.6%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 8 (+114.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 404.7 sq.m (a +18.8% increase compared to the 340.7 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -21.5% (-1,350 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -33.8% (-7,398 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.3 min in 2012 and 33.7 min in 2013; +66.0%)

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 14,497 JPY/sq.m. The market value represents a decrease of 7,398 JPY (-33.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Rikuchuunatsui, the lowest market value along this railway was 4,923 JPY/sq.m. The market value represents a decrease of 1,350 JPY (-21.5%) compared to 1 year ago and a transition to a dramatic 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 Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2013)1 year ago2 years ago
Kadonohama4,687 JPY (0.0Y/320.0sq.m)--
Hiranai---
Taneichi--8,930 JPY (0.0Y/473.3sq.m)
Tamagawa---
Rikuchuuyagi---
Rikuchuunakano---
Samuraihama---
Rikuchuunatsui4,923 JPY (0.0Y/650.0sq.m)6,272 JPY (0.0Y/290.0sq.m)-
Kuji14,497 JPY (0.0Y/397.5sq.m)21,895 JPY (0.0Y/361.0sq.m)19,994 JPY (0.0Y/396.2sq.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

Rikuchuunatsui4,923 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Rikuchuunatsui was 4,923 JPY/sq.m. The market value represents a decrease of 1,350 JPY (-21.5%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 650.0 sq.m (a +124.1% increase compared to the 290.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.5 min in 2012 and 30.0 min in 2013; +46.3%)

Kuji14,497 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Kuji was 14,497 JPY/sq.m. The market value represents a decrease of 7,398 JPY (-33.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.5 sq.m (a +10.1% increase compared to the 361.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.2 min in 2012 and 38.6 min in 2013; +91.0%)

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)