JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jan, 2017 to Mar, 2017 was 20,950 JPY/sq.m. The market value represents a decrease of 337 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 56 (-84.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 415.0 sq.m (a +9.0% increase compared to the 380.6 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. 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 +83.2% compared to last year; a sq.m unit now costs 31,303 JPY/sq.m.

The top 1 stations has seen prices increase +83.2% (+14,217 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -56.8% (-13,949 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 51.2 min in 2016 and 75.9 min in 2017; +48.3%)

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 31,303 JPY/sq.m. The market value represents an increase of 14,217 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 20 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hanamaki, the lowest market value along this railway was 10,598 JPY/sq.m. The market value represents a decrease of 13,949 JPY (-56.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 25 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2017)1 year ago2 years ago
Hanamaki10,598 JPY (0.0Y/502.0sq.m)24,546 JPY (0.0Y/346.2sq.m)15,754 JPY (0.0Y/265.0sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa-9,714 JPY (0.0Y/175.0sq.m)-
Haruyama-3,142 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---
Dousenn---
Matsukura-316 JPY (0.0Y/1800.0sq.m)19,869 JPY (0.0Y/520.0sq.m)
Kosano-32,795 JPY (0.0Y/344.3sq.m)47,699 JPY (0.0Y/175.0sq.m)
Kamaishi31,303 JPY (0.0Y/328.0sq.m)17,087 JPY (0.0Y/405.6sq.m)24,079 JPY (0.0Y/397.0sq.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

Kamaishi31,303 JPY/sq.m (+83% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 31,303 JPY/sq.m. The market value represents an increase of 14,217 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 20 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.0 sq.m (a -19.1% decrease compared to the 405.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 99.3 min in 2016 and 80.6 min in 2017; -18.8%)

Hanamaki10,598 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 10,598 JPY/sq.m. The market value represents a decrease of 13,949 JPY (-56.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 25 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 502.0 sq.m (a +45.0% increase compared to the 346.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.0 min in 2016 and 71.2 min in 2017; +184.4%)

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)