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 Jan, 2015 to Mar, 2015 was 15,161 JPY/sq.m. The market value represents a decrease of 9,833 JPY (-39.3%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents an increase of 20 (+222.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 345.5 sq.m (a -40.8% decrease compared to the 583.3 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Oofunato station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oofunato station, where prices have increased +46.4% compared to last year; a sq.m unit now costs 40,000 JPY/sq.m.

The top 1 stations has seen prices increase +46.4% (+12,679 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -36.8% (-9,411 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 15.9 min in 2014 and 17.7 min in 2015; +11.6%)

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 40,000 JPY/sq.m. The market value represents an increase of 12,679 JPY (+46.4%) 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 price of a sq.m Land of Hosoura, the lowest market value along this railway was 12,303 JPY/sq.m. The market value represents a decrease of 3,454 JPY (-21.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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(2015)1 year ago2 years ago
Kanmonkaikyo Mekari4,349 JPY (0.0Y/250.0sq.m)--
Kanmonkaikyo Mekari---
Rikuzenntakata11,407 JPY (0.0Y/260.0sq.m)--
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari24,006 JPY (0.0Y/247.5sq.m)--
Wakinosawa32,142 JPY (0.0Y/280.0sq.m)--
Otomo7,878 JPY (0.0Y/330.0sq.m)--
Kanmonkaikyo Mekari13,787 JPY (0.0Y/330.0sq.m)--
Hosoura12,303 JPY (0.0Y/330.0sq.m)15,757 JPY (0.0Y/330.0sq.m)10,500 JPY (0.0Y/600.0sq.m)
Shimofunato---
Oofunato40,000 JPY (0.0Y/112.5sq.m)27,321 JPY (0.0Y/383.3sq.m)25,852 JPY (0.0Y/345.0sq.m)
Sakari16,147 JPY (0.0Y/610.0sq.m)25,558 JPY (0.0Y/754.0sq.m)26,197 JPY (0.0Y/544.4sq.m)
Takekoma8,712 JPY (0.0Y/330.0sq.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

Oofunato40,000 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Oofunato was 40,000 JPY/sq.m. The market value represents an increase of 12,679 JPY (+46.4%) 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 112.5 sq.m (a -70.7% decrease compared to the 383.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2014 and 9.0 min in 2015; -25.0%)

Sakari16,147 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Sakari was 16,147 JPY/sq.m. The market value represents a decrease of 9,411 JPY (-36.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 610.0 sq.m (a -19.1% decrease compared to the 754.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.4 min in 2014 and 28.4 min in 2015; +63.2%)

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)