JR Ōfunato Line Land market overview

The average price of a sq.m Land of JR Ōfunato Line (Ichinoseki to Sakari), in Oct, 2013 to Dec, 2013 was 28,998 JPY/sq.m. The market value represents an increase of 1,311 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 48 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 336.2 sq.m (a -26.0% decrease compared to the 454.5 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.

1 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Sennmaya station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Sennmaya station, where prices have increased +11.7% compared to last year; a sq.m unit now costs 16,701 JPY/sq.m.

The top 2 stations has seen prices increase +4.5% (+365 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.4% (-8,180 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 26.9 min in 2012 and 21.6 min in 2013; -19.5%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.1% of total transactions in 2012 and 8.3% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Ōfunato 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 Surisawa, the lowest market value along this railway was 6,666 JPY/sq.m. The market value represents a decrease of 5,640 JPY (-45.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Ōfunato Line (Stations Land market overview)
JR Ōfunato LineThis year(2013)1 year ago2 years ago
Ichinoseki31,203 JPY (0.0Y/330.5sq.m)35,473 JPY (0.0Y/327.6sq.m)34,685 JPY (0.0Y/452.4sq.m)
Mataki19,642 JPY (0.0Y/280.0sq.m)24,500 JPY (0.0Y/1100.0sq.m)15,454 JPY (0.0Y/275.0sq.m)
Rikuchuukannzaki-8,544 JPY (0.0Y/111.2sq.m)-
Iwanoshita---
Rikuchuumatsukawa---
Geibikei21,500 JPY (0.0Y/200.0sq.m)--
Shibajuku-2,250 JPY (0.0Y/800.0sq.m)10,250 JPY (0.0Y/400.0sq.m)
Surisawa6,666 JPY (0.0Y/165.0sq.m)12,306 JPY (0.0Y/315.0sq.m)-
Sennmaya16,701 JPY (0.0Y/205.0sq.m)14,957 JPY (0.0Y/671.7sq.m)12,710 JPY (0.0Y/285.0sq.m)
Konashi---
Orikabe--9,523 JPY (0.0Y/210.0sq.m)
Niitsuki--3,000 JPY (0.0Y/1400.0sq.m)
Takekoma---
Rikuzenntakata---
Wakinosawa---
Otomo--6,363 JPY (0.0Y/220.0sq.m)
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)
*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

Sennmaya16,701 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of Sennmaya was 16,701 JPY/sq.m. The market value represents an increase of 1,744 JPY (+11.7%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 205.0 sq.m (a -69.5% decrease compared to the 671.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.7 min in 2012 and 57.5 min in 2013; +48.7%)

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%)

Surisawa6,666 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Surisawa was 6,666 JPY/sq.m. The market value represents a decrease of 5,640 JPY (-45.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 165.0 sq.m (a -47.6% decrease compared to the 315.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.5 min in 2012 and 5.0 min in 2013; -90.1%)

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)