JR Tazawako Line Land market overview

The average price of a sq.m Land of JR Tazawako Line (Morioka to Harukiba), in Jan, 2013 to Mar, 2013 was 39,215 JPY/sq.m. The market value represents an increase of 222 JPY (+0.6%) compared to 1 year ago and a transition to a slight market. 34 properties exchanged hands ( The market value represents an increase of 2 (+6.2%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 505.0 sq.m (a +27.5% increase compared to the 396.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic 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. Morioka station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +5.8% compared to last year; a sq.m unit now costs 44,509 JPY/sq.m.

The top 1 stations has seen prices increase +5.8% (+2,452 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -88.6% (-24,960 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 34.2 min in 2012 and 40.9 min in 2013; +19.5%)

Breakdown of each segment

The table below shows Land dealt in JR Tazawako 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 Morioka, the highest market value along this railway was 44,509 JPY/sq.m. The market value represents an increase of 2,452 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 30 properties exchanged hands ( The market value represents an increase of 3 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Ookama, the lowest market value along this railway was 3,200 JPY/sq.m. The market value represents a decrease of 24,960 JPY (-88.6%) 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 Tazawako Line (Stations Land market overview)
JR Tazawako LineThis year(2013)1 year ago2 years ago
Morioka44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.m)44,453 JPY (0.0Y/253.6sq.m)
Ookama3,200 JPY (0.0Y/1000.0sq.m)28,160 JPY (0.0Y/155.0sq.m)36,521 JPY (0.0Y/230.0sq.m)
Koiwai---
Shizukuishi3,575 JPY (0.0Y/571.7sq.m)10,002 JPY (0.0Y/212.5sq.m)-
Harukiba---
*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

Morioka44,509 JPY/sq.m (+6% compared with the previous year)

The average price of a sq.m Land of Morioka was 44,509 JPY/sq.m. The market value represents an increase of 2,452 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 30 properties exchanged hands ( The market value represents an increase of 3 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 481.8 sq.m (a +30.9% increase compared to the 368.1 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 37.5 min in 2012 and 41.9 min in 2013; +11.7%)

Ookama3,200 JPY/sq.m (-89% compared with the previous year)

The average price of a sq.m Land of Ookama was 3,200 JPY/sq.m. The market value represents a decrease of 24,960 JPY (-88.6%) 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 1000.0 sq.m (a +545.2% increase compared to the 155.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.5 min in 2012 and 14.0 min in 2013; +64.7%)

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)