JR Hanawa Line Land market overview

The average price of a sq.m Land of JR Hanawa Line (Kouma to Arayashinnmachi), in Jan, 2014 to Dec, 2014 was 6,591 JPY/sq.m. The market value represents a decrease of 1,467 JPY (-18.2%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.9 sq.m (a -31.5% decrease compared to the 522.2 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. Kouma station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kouma station, where prices have increased +37.0% compared to last year; a sq.m unit now costs 10,344 JPY/sq.m.

The top 1 stations has seen prices increase +37.0% (+2,796 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.4% (-2,611 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.2 min in 2013 and 30.3 min in 2014; +36.3%)

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 Kouma, the highest market value along this railway was 10,344 JPY/sq.m. The market value represents an increase of 2,796 JPY (+37.0%) 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 price of a sq.m Land of Oobuke, the lowest market value along this railway was 6,919 JPY/sq.m. The market value represents a decrease of 2,611 JPY (-27.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hanawa Line (Stations Land market overview)
JR Hanawa LineThis year(2014)1 year ago2 years ago
Kouma10,344 JPY (0.0Y/290.0sq.m)7,548 JPY (0.0Y/435.0sq.m)25,912 JPY (0.0Y/332.5sq.m)
Oobuke6,919 JPY (0.0Y/423.0sq.m)9,530 JPY (0.0Y/651.2sq.m)10,530 JPY (0.0Y/1015.8sq.m)
Tairadate-10,975 JPY (0.0Y/410.0sq.m)10,948 JPY (0.0Y/527.1sq.m)
Kitamori-789 JPY (0.0Y/380.0sq.m)-
Matsuohachimanntai--7,100 JPY (0.0Y/1000.0sq.m)
Akasakata1,200 JPY (0.0Y/100.0sq.m)-6,111 JPY (0.0Y/90.0sq.m)
Arayashinnmachi--11,388 JPY (0.0Y/480.0sq.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

Kouma10,344 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Kouma was 10,344 JPY/sq.m. The market value represents an increase of 2,796 JPY (+37.0%) 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 size of the real estate was 290.0 sq.m (a -33.3% decrease compared to the 435.0 sq.m of last year.).

Oobuke6,919 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Oobuke was 6,919 JPY/sq.m. The market value represents a decrease of 2,611 JPY (-27.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 423.0 sq.m (a -35.0% decrease compared to the 651.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.5 min in 2013 and 39.0 min in 2014; +169.0%)

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)