JR Ofunato BRT line Land market overview

The average price of a sq.m Land of JR Ofunato BRT line (Kanmonkaikyo Mekari to Takekoma), in Oct, 2013 to Dec, 2013 was 29,911 JPY/sq.m. The market value represents a decrease of 2,260 JPY (-7.0%) compared to 1 year ago and a transition to a bear market. 24 properties exchanged hands ( The market value represents an increase of 8 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 366.9 sq.m (a -27.9% decrease compared to the 508.8 sq.m of last year.).

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

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Oofunato station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Hosoura station, where prices have decreased -61.0% compared to last year; a sq.m unit now costs 6,850 JPY/sq.m.

The top 1 stations has seen prices increase -2.6% (-1,015 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -61.0% (-10,719 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2012 and 16.7% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Ofunato BRT 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 Oofunato, the highest market value along this railway was 37,383 JPY/sq.m. The market value represents a decrease of 1,015 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 15 properties exchanged hands ( The market value represents an increase of 7 (+87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hosoura, the lowest market value along this railway was 6,850 JPY/sq.m. The market value represents a decrease of 10,719 JPY (-61.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Ofunato BRT line (Stations Land market overview)
JR Ofunato BRT lineThis year(2013)1 year ago2 years ago
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari---
Rikuzenntakata---
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari---
Wakinosawa---
Otomo--6,363 JPY (0.0Y/220.0sq.m)
Kanmonkaikyo Mekari---
Hosoura6,850 JPY (0.0Y/826.7sq.m)17,569 JPY (0.0Y/420.0sq.m)21,000 JPY (0.0Y/200.0sq.m)
Shimofunato---
Oofunato37,383 JPY (0.0Y/310.0sq.m)38,397 JPY (0.0Y/393.8sq.m)31,995 JPY (0.0Y/457.5sq.m)
Sakari22,762 JPY (0.0Y/279.2sq.m)28,050 JPY (0.0Y/691.7sq.m)22,149 JPY (0.0Y/1447.5sq.m)
Takekoma---
*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

Oofunato37,383 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Oofunato was 37,383 JPY/sq.m. The market value represents a decrease of 1,015 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 15 properties exchanged hands ( The market value represents an increase of 7 (+87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.0 sq.m (a -21.3% decrease compared to the 393.8 sq.m of last year.).

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2012 and 13.3% of total transactions in 2013)

Hosoura6,850 JPY/sq.m (-61% compared with the previous year)

The average price of a sq.m Land of Hosoura was 6,850 JPY/sq.m. The market value represents a decrease of 10,719 JPY (-61.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 826.7 sq.m (a +96.8% increase compared to the 420.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2012 and 17.0 min in 2013; -20.9%)

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)