JR Ōfunato Line Land market overview

The average price of a sq.m Land of JR Ōfunato Line (Ichinoseki to Sakari), in Oct, 2014 to Dec, 2014 was 13,700 JPY/sq.m. The market value represents a decrease of 15,298 JPY (-52.8%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 31 (-64.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 313.2 sq.m (a -6.8% decrease compared to the 336.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 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 increase of over 10% compared to last year. The most dramatic price increase was at Sakari station, where prices have increased +12.8% compared to last year; a sq.m unit now costs 25,668 JPY/sq.m.

The top 1 stations has seen prices increase +12.8% (+2,906 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -86.6% (-5,932 JPY/sq.m).


Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.3% of total transactions in 2013 and 5.9% of total transactions in 2014)

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 Sakari, the highest market value along this railway was 25,668 JPY/sq.m. The market value represents an increase of 2,906 JPY (+12.8%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-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 918 JPY/sq.m. The market value represents a decrease of 5,932 JPY (-86.6%) 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.).

JR Ōfunato Line (Stations Land market overview)
JR Ōfunato LineThis year(2014)1 year ago2 years ago
Ichinoseki-31,203 JPY (0.0Y/330.5sq.m)35,473 JPY (0.0Y/327.6sq.m)
Mataki-19,642 JPY (0.0Y/280.0sq.m)24,500 JPY (0.0Y/1100.0sq.m)
Rikuchuukannzaki--8,544 JPY (0.0Y/111.2sq.m)
Iwanoshita---
Rikuchuumatsukawa---
Geibikei-21,500 JPY (0.0Y/200.0sq.m)-
Shibajuku--2,250 JPY (0.0Y/800.0sq.m)
Surisawa-6,666 JPY (0.0Y/165.0sq.m)12,306 JPY (0.0Y/315.0sq.m)
Sennmaya16,309 JPY (0.0Y/330.0sq.m)16,701 JPY (0.0Y/205.0sq.m)14,957 JPY (0.0Y/671.7sq.m)
Konashi---
Orikabe---
Niitsuki---
Takekoma12,121 JPY (0.0Y/330.0sq.m)--
Rikuzenntakata16,800 JPY (0.0Y/112.5sq.m)--
Wakinosawa---
Otomo8,182 JPY (0.0Y/324.0sq.m)--
Hosoura918 JPY (0.0Y/325.0sq.m)6,850 JPY (0.0Y/826.7sq.m)17,569 JPY (0.0Y/420.0sq.m)
Shimofunato9,148 JPY (0.0Y/470.0sq.m)--
Oofunato-37,383 JPY (0.0Y/310.0sq.m)38,397 JPY (0.0Y/393.8sq.m)
Sakari25,668 JPY (0.0Y/342.5sq.m)22,762 JPY (0.0Y/279.2sq.m)28,050 JPY (0.0Y/691.7sq.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

Sakari25,668 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Land of Sakari was 25,668 JPY/sq.m. The market value represents an increase of 2,906 JPY (+12.8%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.5 sq.m (a +22.7% increase compared to the 279.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.7 min in 2013 and 27.5 min in 2014; +21.3%)

Hosoura918 JPY/sq.m (-87% compared with the previous year)

The average price of a sq.m Land of Hosoura was 918 JPY/sq.m. The market value represents a decrease of 5,932 JPY (-86.6%) 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 325.0 sq.m (a -60.7% decrease compared to the 826.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.0 min in 2013 and 13.0 min in 2014; -23.5%)

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)