JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jan, 2016 to Mar, 2016 was 21,287 JPY/sq.m. The market value represents a decrease of 3,138 JPY (-12.8%) compared to 1 year ago and a transition to a weak market. 66 properties exchanged hands ( The market value represents an increase of 22 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.6 sq.m (a +0.9% increase compared to the 377.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hanamaki station, where prices have increased +55.8% compared to last year; a sq.m unit now costs 24,546 JPY/sq.m.

The top 1 stations has seen prices increase +55.8% (+8,792 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -98.4% (-19,553 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 58.9 min in 2015 and 51.2 min in 2016; -13.1%)

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 Kosano, the highest market value along this railway was 32,795 JPY/sq.m. The market value represents a decrease of 14,903 JPY (-31.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Matsukura, the lowest market value along this railway was 316 JPY/sq.m. The market value represents a decrease of 19,553 JPY (-98.4%) 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 Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2016)1 year ago2 years ago
Hanamaki24,546 JPY (0.0Y/346.2sq.m)15,754 JPY (0.0Y/265.0sq.m)18,206 JPY (0.0Y/408.3sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa9,714 JPY (0.0Y/175.0sq.m)--
Haruyama3,142 JPY (0.0Y/35.0sq.m)--
Toono-10,000 JPY (0.0Y/15.0sq.m)-
Aozasa---
Iwatekamigou-7,288 JPY (0.0Y/590.0sq.m)-
Hirakura---
Kamiarisu--12,285 JPY (0.0Y/350.0sq.m)
Dousenn---
Matsukura316 JPY (0.0Y/1800.0sq.m)19,869 JPY (0.0Y/520.0sq.m)42,857 JPY (0.0Y/105.0sq.m)
Kosano32,795 JPY (0.0Y/344.3sq.m)47,699 JPY (0.0Y/175.0sq.m)8,333 JPY (0.0Y/420.0sq.m)
Kamaishi17,087 JPY (0.0Y/405.6sq.m)24,079 JPY (0.0Y/397.0sq.m)35,288 JPY (0.0Y/389.4sq.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

Hanamaki24,546 JPY/sq.m (+56% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 24,546 JPY/sq.m. The market value represents an increase of 8,792 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents an increase of 28 (+1400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.2 sq.m (a +30.6% increase compared to the 265.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 21.5 min in 2015 and 25.0 min in 2016; +16.4%)

Matsukura316 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Land of Matsukura was 316 JPY/sq.m. The market value represents a decrease of 19,553 JPY (-98.4%) 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 1800.0 sq.m (a +246.2% increase compared to the 520.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2015 and 11.0 min in 2016; -21.4%)

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)