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, 2016 to Dec, 2016 was 25,530 JPY/sq.m. The market value represents an increase of 10,775 JPY (+73.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 45 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 318.9 sq.m (a -16.0% decrease compared to the 379.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Sakari station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Oofunato station, where prices have decreased -22.2% compared to last year; a sq.m unit now costs 34,990 JPY/sq.m.

The top 1 stations has seen prices increase +105.3% (+9,524 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.2% (-10,004 JPY/sq.m).



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:

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Land stations market overview

The average price of a sq.m Land of Oofunato, the highest market value along this railway was 34,990 JPY/sq.m. The market value represents a decrease of 10,004 JPY (-22.2%) 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 price of a sq.m Land of Kanmonkaikyo Mekari, the lowest market value along this railway was 18,571 JPY/sq.m. The market value represents an increase of 9,524 JPY (+105.3%) 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.).

JR Ofunato BRT line (Stations Land market overview)
JR Ofunato BRT lineThis year(2016)1 year ago2 years ago
Kanmonkaikyo Mekari-6,481 JPY (0.0Y/330.0sq.m)-
Kanmonkaikyo Mekari-17,460 JPY (0.0Y/630.0sq.m)20,749 JPY (0.0Y/258.1sq.m)
Rikuzenntakata-17,992 JPY (0.0Y/450.0sq.m)16,800 JPY (0.0Y/112.5sq.m)
Kanmonkaikyo Mekari18,571 JPY (0.0Y/301.7sq.m)9,047 JPY (0.0Y/630.0sq.m)-
Kanmonkaikyo Mekari-10,595 JPY (0.0Y/957.5sq.m)18,750 JPY (0.0Y/455.0sq.m)
Wakinosawa-11,545 JPY (0.0Y/540.0sq.m)-
Otomo-10,000 JPY (0.0Y/230.0sq.m)8,182 JPY (0.0Y/324.0sq.m)
Kanmonkaikyo Mekari-12,420 JPY (0.0Y/300.5sq.m)-
Hosoura-13,131 JPY (0.0Y/330.0sq.m)918 JPY (0.0Y/325.0sq.m)
Shimofunato--9,148 JPY (0.0Y/470.0sq.m)
Oofunato34,990 JPY (0.0Y/207.5sq.m)44,994 JPY (0.0Y/300.0sq.m)-
Sakari32,108 JPY (0.0Y/353.3sq.m)33,377 JPY (0.0Y/236.2sq.m)25,668 JPY (0.0Y/342.5sq.m)
Takekoma--12,121 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

Kanmonkaikyo Mekari18,571 JPY/sq.m (+105% compared with the previous year)

The average price of a sq.m Land of Kanmonkaikyo Mekari was 18,571 JPY/sq.m. The market value represents an increase of 9,524 JPY (+105.3%) 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 301.7 sq.m (a -52.1% decrease compared to the 630.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2015 and 15.0 min in 2016; -21.1%)

Oofunato34,990 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Oofunato was 34,990 JPY/sq.m. The market value represents a decrease of 10,004 JPY (-22.2%) 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 207.5 sq.m (a -30.8% decrease compared to the 300.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 13.0 min in 2015 and 10.5 min in 2016; -19.2%)

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)