JR Ōfunato Line Iwate 2017-FY
Land market report

JR Ōfunato Line Land market overview

The average price of a sq.m Land of JR Ōfunato Line (Ichinoseki to Sakari), in Jan, 2017 to Mar, 2017 was 16,163 JPY/sq.m. The market value represents a decrease of 3,839 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 128 (-96.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 444.0 sq.m (a +5.6% increase compared to the 420.3 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; 1 stations have experienced decreased prices. Market value of most stations decreased. Ichinoseki, Rikuzenntakata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ichinoseki station, where prices have increased +33.6% compared to last year; a sq.m unit now costs 38,947 JPY/sq.m.

The top 1 stations has seen prices increase +33.6% (+9,787 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -62.2% (-2,797 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.7 min in 2016 and 39.2 min in 2017; +58.9%)

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:

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Land stations market overview

The average price of a sq.m Land of Ichinoseki, the highest market value along this railway was 38,947 JPY/sq.m. The market value represents an increase of 9,787 JPY (+33.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 46 (-97.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Niitsuki, the lowest market value along this railway was 1,703 JPY/sq.m. The market value represents a decrease of 2,797 JPY (-62.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Ōfunato Line (Stations Land market overview)
JR Ōfunato LineThis year(2017)1 year ago2 years ago
Ichinoseki38,947 JPY (0.0Y/950.0sq.m)29,160 JPY (0.0Y/453.8sq.m)26,888 JPY (0.0Y/481.3sq.m)
Mataki--1,727 JPY (0.0Y/1100.0sq.m)
Rikuchuukannzaki-6,421 JPY (0.0Y/141.7sq.m)10,247 JPY (0.0Y/553.3sq.m)
Iwanoshita--6,000 JPY (0.0Y/80.0sq.m)
Rikuchuumatsukawa---
Geibikei-10,454 JPY (0.0Y/220.0sq.m)-
Shibajuku---
Surisawa16,666 JPY (0.0Y/300.0sq.m)-3,576 JPY (0.0Y/645.0sq.m)
Sennmaya-11,105 JPY (0.0Y/247.5sq.m)10,420 JPY (0.0Y/307.5sq.m)
Konashi500 JPY (0.0Y/400.0sq.m)--
Orikabe---
Niitsuki1,703 JPY (0.0Y/270.0sq.m)4,500 JPY (0.0Y/40.0sq.m)-
Takekoma-10,125 JPY (0.0Y/800.0sq.m)8,442 JPY (0.0Y/484.0sq.m)
Rikuzenntakata23,000 JPY (0.0Y/300.0sq.m)17,607 JPY (0.0Y/340.5sq.m)13,648 JPY (0.0Y/348.3sq.m)
Wakinosawa-10,990 JPY (0.0Y/320.4sq.m)16,694 JPY (0.0Y/475.0sq.m)
Otomo-10,211 JPY (0.0Y/475.6sq.m)8,063 JPY (0.0Y/318.6sq.m)
Hosoura-13,535 JPY (0.0Y/747.5sq.m)12,829 JPY (0.0Y/311.1sq.m)
Shimofunato--15,941 JPY (0.0Y/424.0sq.m)
Oofunato-30,893 JPY (0.0Y/350.8sq.m)36,699 JPY (0.0Y/208.8sq.m)
Sakari-21,976 JPY (0.0Y/584.0sq.m)27,741 JPY (0.0Y/323.8sq.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.
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Noteworthy stations

Ichinoseki38,947 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Ichinoseki was 38,947 JPY/sq.m. The market value represents an increase of 9,787 JPY (+33.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 46 (-97.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 950.0 sq.m (a +109.3% increase compared to the 453.8 sq.m of last year.).

Niitsuki1,703 JPY/sq.m (-62% compared with the previous year)

The average price of a sq.m Land of Niitsuki was 1,703 JPY/sq.m. The market value represents a decrease of 2,797 JPY (-62.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 270.0 sq.m (a +575.0% increase compared to the 40.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2016 and 7.0 min in 2017; -73.1%)

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)