JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Oct, 2013 to Dec, 2013 was 29,407 JPY/sq.m. The market value represents an increase of 2,303 JPY (+8.5%) compared to 1 year ago and a transition to a strong market. 97 properties exchanged hands ( The market value represents an increase of 19 (+24.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.8 sq.m (a +6.5% increase compared to the 321.8 sq.m of last year.).

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

1 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kamaishi station, where prices have increased +28.8% compared to last year; a sq.m unit now costs 35,568 JPY/sq.m.

The top 2 stations has seen prices increase +6.7% (+1,668 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.3% (-20,151 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in JR Kamaishi 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 Kamaishi, the highest market value along this railway was 35,568 JPY/sq.m. The market value represents an increase of 7,959 JPY (+28.8%) compared to 1 year ago and a transition to a dramatic market. 61 properties exchanged hands ( The market value represents an increase of 29 (+90.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kamiarisu, the lowest market value along this railway was 12,144 JPY/sq.m. The market value represents a decrease of 28,690 JPY (-70.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2013)1 year ago2 years ago
Hanamaki15,205 JPY (0.0Y/406.5sq.m)19,852 JPY (0.0Y/167.9sq.m)18,114 JPY (0.0Y/580.3sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa19,230 JPY (0.0Y/520.0sq.m)-5,520 JPY (0.0Y/480.0sq.m)
Haruyama---
Toono-19,784 JPY (0.0Y/586.2sq.m)14,929 JPY (0.0Y/576.0sq.m)
Aozasa---
Iwatekamigou---
Hirakura---
Kamiarisu12,144 JPY (0.0Y/1440.0sq.m)40,833 JPY (0.0Y/120.0sq.m)-
Dousenn25,483 JPY (0.0Y/310.0sq.m)30,106 JPY (0.0Y/215.0sq.m)16,153 JPY (0.0Y/260.0sq.m)
Matsukura29,411 JPY (0.0Y/1170.0sq.m)41,024 JPY (0.0Y/243.6sq.m)36,952 JPY (0.0Y/712.5sq.m)
Kosano29,295 JPY (0.0Y/367.0sq.m)35,041 JPY (0.0Y/232.5sq.m)45,623 JPY (0.0Y/218.8sq.m)
Kamaishi35,568 JPY (0.0Y/232.4sq.m)27,609 JPY (0.0Y/347.0sq.m)28,609 JPY (0.0Y/295.0sq.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

Kamaishi35,568 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 35,568 JPY/sq.m. The market value represents an increase of 7,959 JPY (+28.8%) compared to 1 year ago and a transition to a dramatic market. 61 properties exchanged hands ( The market value represents an increase of 29 (+90.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 232.4 sq.m (a -33.0% decrease compared to the 347.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 70.7 min in 2012 and 43.9 min in 2013; -37.9%)

Dousenn25,483 JPY/sq.m (-15% compared with the previous year)

The average price of a sq.m Land of Dousenn was 25,483 JPY/sq.m. The market value represents a decrease of 4,623 JPY (-15.4%) compared to 1 year ago and a transition to a weak 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 310.0 sq.m (a +44.2% increase compared to the 215.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2012 and 14.0 min in 2013; -34.9%)

Kamiarisu12,144 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Land of Kamiarisu was 12,144 JPY/sq.m. The market value represents a decrease of 28,690 JPY (-70.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1440.0 sq.m (a +1100.0% increase compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2012 and 120.0 min in 2013; +757.1%)

Matsukura29,411 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Matsukura was 29,411 JPY/sq.m. The market value represents a decrease of 11,613 JPY (-28.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1170.0 sq.m (a +380.4% increase compared to the 243.6 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 16.1 min in 2012 and 18.0 min in 2013; +11.5%)

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)