JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Jan, 2015 to Mar, 2015 was 14,231 JPY/sq.m. The market value represents an increase of 601 JPY (+4.4%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 870.0 sq.m (a +110.7% increase compared to the 412.9 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +0.1% (+16 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +0.1% (+16 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.3 min in 2014 and 24.0 min in 2015; -32.0%)

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 15,238 JPY/sq.m. The market value represents an increase of 16 JPY (+0.1%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kuji, the lowest market value along this railway was 15,238 JPY/sq.m. The market value represents an increase of 16 JPY (+0.1%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2015)1 year ago2 years ago
Kadonohama---
Hiranai--2,666 JPY (0.0Y/1500.0sq.m)
Taneichi10,204 JPY (0.0Y/490.0sq.m)-12,321 JPY (0.0Y/1500.0sq.m)
Tamagawa---
Rikuchuuyagi---
Rikuchuunakano---
Samuraihama-4,081 JPY (0.0Y/490.0sq.m)-
Rikuchuunatsui---
Kuji15,238 JPY (0.0Y/682.5sq.m)15,222 JPY (0.0Y/400.0sq.m)21,068 JPY (0.0Y/301.0sq.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

Kuji15,238 JPY/sq.m (+0% compared with the previous year)

The average price of a sq.m Land of Kuji was 15,238 JPY/sq.m. The market value represents an increase of 16 JPY (+0.1%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 682.5 sq.m (a +70.6% increase compared to the 400.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.2 min in 2014 and 31.5 min in 2015; +48.8%)

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)