JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jul, 2016 to Sep, 2016 was 24,117 JPY/sq.m. The market value represents an increase of 7,474 JPY (+44.9%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents a decrease of 2 (-5.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 355.9 sq.m (a -2.0% decrease compared to the 363.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Toono, Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toono station, where prices have increased +77.0% compared to last year; a sq.m unit now costs 19,047 JPY/sq.m.

The top 1 stations has seen prices increase +77.0% (+8,288 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.3% (+659 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 71.7 min in 2015 and 54.2 min in 2016; -24.4%)

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 29,786 JPY/sq.m. The market value represents an increase of 12,584 JPY (+73.2%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 2 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Hanamaki, the lowest market value along this railway was 15,883 JPY/sq.m. The market value represents an increase of 659 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents a decrease of 6 (-42.9%) 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
Hanamaki15,883 JPY (0.0Y/498.8sq.m)15,224 JPY (0.0Y/382.9sq.m)14,183 JPY (0.0Y/335.4sq.m)
Nitanai---
Shin-Hanamaki13,186 JPY (0.0Y/910.0sq.m)--
Oyamada---
Tsuchizawa11,490 JPY (0.0Y/251.7sq.m)-25,925 JPY (0.0Y/810.0sq.m)
Haruyama---
Toono19,047 JPY (0.0Y/210.0sq.m)10,759 JPY (0.0Y/237.5sq.m)16,240 JPY (0.0Y/417.5sq.m)
Aozasa---
Iwatekamigou---
Hirakura---
Kamiarisu9,148 JPY (0.0Y/470.0sq.m)--
Dousenn-38,787 JPY (0.0Y/165.0sq.m)-
Matsukura31,250 JPY (0.0Y/240.0sq.m)-19,200 JPY (0.0Y/357.5sq.m)
Kosano38,446 JPY (0.0Y/217.5sq.m)-85,714 JPY (0.0Y/140.0sq.m)
Kamaishi29,786 JPY (0.0Y/295.9sq.m)17,202 JPY (0.0Y/372.8sq.m)27,545 JPY (0.0Y/342.0sq.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

Toono19,047 JPY/sq.m (+77% compared with the previous year)

The average price of a sq.m Land of Toono was 19,047 JPY/sq.m. The market value represents an increase of 8,288 JPY (+77.0%) 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 210.0 sq.m (a -11.6% decrease compared to the 237.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 12.0 min in 2015 and 14.0 min in 2016; +16.7%)

Hanamaki15,883 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 15,883 JPY/sq.m. The market value represents an increase of 659 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents a decrease of 6 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 498.8 sq.m (a +30.3% increase compared to the 382.9 sq.m of last year.).


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)