JR Ōfunato Line Land market overview

The average price of a sq.m Land of JR Ōfunato Line (Ichinoseki to Sakari), in Jan, 2014 to Mar, 2014 was 25,632 JPY/sq.m. The market value represents an increase of 612 JPY (+2.4%) compared to 1 year ago and a transition to a slight market. 18 properties exchanged hands ( The market value represents a decrease of 23 (-56.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 554.2 sq.m (a +45.5% increase compared to the 381.0 sq.m of last year.).

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

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hosoura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hosoura station, where prices have increased +50.1% compared to last year; a sq.m unit now costs 15,757 JPY/sq.m.

The top 1 stations has seen prices increase +50.1% (+5,257 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -15.8% (-4,927 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 30.1 min in 2013 and 24.9 min in 2014; -17.1%)

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 27,321 JPY/sq.m. The market value represents an increase of 1,470 JPY (+5.7%) compared to 1 year ago and a transition to a strong 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 price of a sq.m Land of Hosoura, the lowest market value along this railway was 15,757 JPY/sq.m. The market value represents an increase of 5,257 JPY (+50.1%) 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(2014)1 year ago2 years ago
Ichinoseki26,270 JPY (0.0Y/525.0sq.m)31,197 JPY (0.0Y/322.4sq.m)28,352 JPY (0.0Y/181.0sq.m)
Mataki--8,726 JPY (0.0Y/470.0sq.m)
Rikuchuukannzaki--703 JPY (0.0Y/1135.0sq.m)
Iwanoshita-12,250 JPY (0.0Y/40.0sq.m)-
Rikuchuumatsukawa---
Geibikei-4,687 JPY (0.0Y/320.0sq.m)-
Shibajuku-11,944 JPY (0.0Y/360.0sq.m)-
Surisawa--6,666 JPY (0.0Y/270.0sq.m)
Sennmaya-10,168 JPY (0.0Y/335.0sq.m)8,947 JPY (0.0Y/95.0sq.m)
Konashi---
Orikabe---
Niitsuki---
Takekoma---
Rikuzenntakata---
Wakinosawa---
Otomo---
Hosoura15,757 JPY (0.0Y/330.0sq.m)10,500 JPY (0.0Y/600.0sq.m)15,710 JPY (0.0Y/395.0sq.m)
Shimofunato---
Oofunato27,321 JPY (0.0Y/383.3sq.m)25,852 JPY (0.0Y/345.0sq.m)26,840 JPY (0.0Y/1096.2sq.m)
Sakari25,558 JPY (0.0Y/754.0sq.m)26,197 JPY (0.0Y/544.4sq.m)13,017 JPY (0.0Y/774.3sq.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

Hosoura15,757 JPY/sq.m (+50% compared with the previous year)

The average price of a sq.m Land of Hosoura was 15,757 JPY/sq.m. The market value represents an increase of 5,257 JPY (+50.1%) 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 330.0 sq.m (a -45.0% decrease compared to the 600.0 sq.m of last year.).

Ichinoseki26,270 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Ichinoseki was 26,270 JPY/sq.m. The market value represents a decrease of 4,927 JPY (-15.8%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents a decrease of 12 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 525.0 sq.m (a +62.9% increase compared to the 322.4 sq.m of last year.).


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)