JR Ōfunato Line Land market overview

The average price of a sq.m Land of JR Ōfunato Line (Ichinoseki to Sakari), in Oct, 2015 to Dec, 2015 was 24,702 JPY/sq.m. The market value represents an increase of 11,001 JPY (+80.3%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents an increase of 10 (+58.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 345.2 sq.m (a +10.2% increase compared to the 313.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

4 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Otomo, Sakari 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 +1329.6% compared to last year; a sq.m unit now costs 13,131 JPY/sq.m.

The top 1 stations has seen prices increase +1329.6% (+12,212 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +7.1% (+1,192 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.1 min in 2014 and 17.0 min in 2015; -26.1%)

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 5.9% of total transactions in 2014 and 3.7% of total transactions in 2015)

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 33,377 JPY/sq.m. The market value represents an increase of 7,709 JPY (+30.0%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Otomo, the lowest market value along this railway was 10,000 JPY/sq.m. The market value represents an increase of 1,818 JPY (+22.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Ōfunato Line (Stations Land market overview)
JR Ōfunato LineThis year(2015)1 year ago2 years ago
Ichinoseki33,351 JPY (0.0Y/328.0sq.m)-31,203 JPY (0.0Y/330.5sq.m)
Mataki--19,642 JPY (0.0Y/280.0sq.m)
Rikuchuukannzaki10,227 JPY (0.0Y/880.0sq.m)--
Iwanoshita---
Rikuchuumatsukawa---
Geibikei--21,500 JPY (0.0Y/200.0sq.m)
Shibajuku---
Surisawa2,941 JPY (0.0Y/340.0sq.m)-6,666 JPY (0.0Y/165.0sq.m)
Sennmaya-16,309 JPY (0.0Y/330.0sq.m)16,701 JPY (0.0Y/205.0sq.m)
Konashi---
Orikabe---
Niitsuki---
Takekoma-12,121 JPY (0.0Y/330.0sq.m)-
Rikuzenntakata17,992 JPY (0.0Y/450.0sq.m)16,800 JPY (0.0Y/112.5sq.m)-
Wakinosawa11,545 JPY (0.0Y/540.0sq.m)--
Otomo10,000 JPY (0.0Y/230.0sq.m)8,182 JPY (0.0Y/324.0sq.m)-
Hosoura13,131 JPY (0.0Y/330.0sq.m)918 JPY (0.0Y/325.0sq.m)6,850 JPY (0.0Y/826.7sq.m)
Shimofunato-9,148 JPY (0.0Y/470.0sq.m)-
Oofunato44,994 JPY (0.0Y/300.0sq.m)-37,383 JPY (0.0Y/310.0sq.m)
Sakari33,377 JPY (0.0Y/236.2sq.m)25,668 JPY (0.0Y/342.5sq.m)22,762 JPY (0.0Y/279.2sq.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

Hosoura13,131 JPY/sq.m (+1330% compared with the previous year)

The average price of a sq.m Land of Hosoura was 13,131 JPY/sq.m. The market value represents an increase of 12,212 JPY (+1329.6%) 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 330.0 sq.m (a +1.5% increase compared to the 325.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.0 min in 2014 and 9.7 min in 2015; -25.6%)

Rikuzenntakata17,992 JPY/sq.m (+7% compared with the previous year)

The average price of a sq.m Land of Rikuzenntakata was 17,992 JPY/sq.m. The market value represents an increase of 1,192 JPY (+7.1%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 450.0 sq.m (a +300.0% increase compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2014 and 10.5 min in 2015; -44.7%)

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)