JR Hanawa Line Land market overview

The average price of a sq.m Land of JR Hanawa Line (Kouma to Arayashinnmachi), in Jul, 2013 to Sep, 2013 was 10,000 JPY/sq.m. The market value represents an increase of 4,690 JPY (+88.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 232.5 sq.m (a -75.2% decrease compared to the 936.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving very large size more than 200 sq.m.

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 +100.9% (+3,348 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +100.9% (+3,348 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.6 min in 2012 and 15.0 min in 2013; -65.6%)

Breakdown of each segment

The table below shows Land dealt in JR Hanawa 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 Oobuke, the highest market value along this railway was 6,666 JPY/sq.m. The market value represents an increase of 3,348 JPY (+100.9%) 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 price of a sq.m Land of Oobuke, the lowest market value along this railway was 6,666 JPY/sq.m. The market value represents an increase of 3,348 JPY (+100.9%) 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 Hanawa Line (Stations Land market overview)
JR Hanawa LineThis year(2013)1 year ago2 years ago
Kouma13,333 JPY (0.0Y/165.0sq.m)-12,796 JPY (0.0Y/265.0sq.m)
Oobuke6,666 JPY (0.0Y/300.0sq.m)3,318 JPY (0.0Y/540.0sq.m)15,151 JPY (0.0Y/330.0sq.m)
Tairadate---
Kitamori---
Matsuohachimanntai-7,100 JPY (0.0Y/1000.0sq.m)-
Akasakata--6,000 JPY (0.0Y/70.0sq.m)
Arayashinnmachi-7,500 JPY (0.0Y/600.0sq.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

Oobuke6,666 JPY/sq.m (+101% compared with the previous year)

The average price of a sq.m Land of Oobuke was 6,666 JPY/sq.m. The market value represents an increase of 3,348 JPY (+100.9%) 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 300.0 sq.m (a -44.4% decrease compared to the 540.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2012 and 19.0 min in 2013; -36.7%)

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)