JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Apr, 2013 to Jun, 2013 was 24,182 JPY/sq.m. The market value represents an increase of 1,332 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 17 properties exchanged hands ( The market value represents a decrease of 1 (-5.6%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 341.8 sq.m (a -42.1% decrease compared to the 590.3 sq.m of last year.).

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

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Eduriko station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Fujine station, where prices have increased +110.9% compared to last year; a sq.m unit now costs 20,904 JPY/sq.m.

The top 1 stations has seen prices increase +110.9% (+10,991 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.3% (-8,393 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in JR Kitakami 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 Yanagihara, the highest market value along this railway was 31,000 JPY/sq.m. The market value represents a decrease of 8,393 JPY (-21.3%) 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 price of a sq.m Land of Fujine, the lowest market value along this railway was 20,904 JPY/sq.m. The market value represents an increase of 10,991 JPY (+110.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2013)1 year ago2 years ago
Kitakami23,245 JPY (0.0Y/450.0sq.m)27,446 JPY (0.0Y/414.5sq.m)20,597 JPY (0.0Y/653.3sq.m)
Yanagihara31,000 JPY (0.0Y/200.0sq.m)39,393 JPY (0.0Y/165.0sq.m)-
Eduriko22,350 JPY (0.0Y/287.5sq.m)13,032 JPY (0.0Y/1163.3sq.m)6,545 JPY (0.0Y/1100.0sq.m)
Fujine20,904 JPY (0.0Y/230.0sq.m)9,912 JPY (0.0Y/1060.0sq.m)-
Tatekawame-5,862 JPY (0.0Y/290.0sq.m)-
Yokokawame---
Hottoyuda---
*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

Fujine20,904 JPY/sq.m (+111% compared with the previous year)

The average price of a sq.m Land of Fujine was 20,904 JPY/sq.m. The market value represents an increase of 10,991 JPY (+110.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 230.0 sq.m (a -78.3% decrease compared to the 1060.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2012 and 11.0 min in 2013; -38.9%)

Yanagihara31,000 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Yanagihara was 31,000 JPY/sq.m. The market value represents a decrease of 8,393 JPY (-21.3%) 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 200.0 sq.m (a +21.2% increase compared to the 165.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2012 and 21.7 min in 2013; +2066.7%)

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)