JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Jan, 2014 to Mar, 2014 was 21,646 JPY/sq.m. The market value represents a decrease of 2,046 JPY (-8.6%) compared to 1 year ago and a transition to a bear market. 12 properties exchanged hands ( The market value represents a decrease of 8 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 322.9 sq.m (a -47.8% decrease compared to the 618.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kitakami station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Kitakami station, where prices have increased +5.2% compared to last year; a sq.m unit now costs 29,713 JPY/sq.m.

The top 1 stations has seen prices increase +5.2% (+1,456 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -28.8% (-6,232 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.9 min in 2013 and 15.7 min in 2014; -41.7%)

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 Kitakami, the highest market value along this railway was 29,713 JPY/sq.m. The market value represents an increase of 1,456 JPY (+5.2%) compared to 1 year ago and a transition to a strong market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Eduriko, the lowest market value along this railway was 15,437 JPY/sq.m. The market value represents a decrease of 6,232 JPY (-28.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2014)1 year ago2 years ago
Kitakami29,713 JPY (0.0Y/217.1sq.m)28,257 JPY (0.0Y/767.7sq.m)25,383 JPY (0.0Y/233.8sq.m)
Yanagihara-22,962 JPY (0.0Y/240.0sq.m)31,528 JPY (0.0Y/247.5sq.m)
Eduriko15,437 JPY (0.0Y/635.0sq.m)21,669 JPY (0.0Y/470.0sq.m)22,424 JPY (0.0Y/680.0sq.m)
Fujine6,440 JPY (0.0Y/317.5sq.m)-3,877 JPY (0.0Y/980.0sq.m)
Tatekawame-3,321 JPY (0.0Y/280.0sq.m)-
Yokokawame8,000 JPY (0.0Y/450.0sq.m)--
Hottoyuda-1,363 JPY (0.0Y/220.0sq.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

Kitakami29,713 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Land of Kitakami was 29,713 JPY/sq.m. The market value represents an increase of 1,456 JPY (+5.2%) compared to 1 year ago and a transition to a strong market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 217.1 sq.m (a -71.7% decrease compared to the 767.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.7 min in 2013 and 18.9 min in 2014; -44.0%)

Eduriko15,437 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Eduriko was 15,437 JPY/sq.m. The market value represents a decrease of 6,232 JPY (-28.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 635.0 sq.m (a +35.1% increase compared to the 470.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.7 min in 2013 and 7.5 min in 2014; -40.8%)

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)