JR Tazawako Line Land market overview

The average price of a sq.m Land of JR Tazawako Line (Morioka to Harukiba), in Jan, 2014 to Dec, 2014 was 45,538 JPY/sq.m. The market value represents a decrease of 356 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 81 properties exchanged hands ( The market value represents a decrease of 110 (-57.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 375.2 sq.m (a +5.9% increase compared to the 354.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Ookama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shizukuishi station, where prices have increased +125.0% compared to last year; a sq.m unit now costs 14,246 JPY/sq.m.

The top 1 stations has seen prices increase +125.0% (+7,916 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.1% (-978 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.6% of total transactions in 2013 and 2.5% of total transactions in 2014)

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 48,791 JPY/sq.m. The market value represents a decrease of 1,283 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 72 properties exchanged hands ( The market value represents a decrease of 100 (-58.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Koiwai, the lowest market value along this railway was 7,816 JPY/sq.m. The market value represents a decrease of 978 JPY (-11.1%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-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(2014)1 year ago2 years ago
Morioka48,791 JPY (0.0Y/342.2sq.m)50,074 JPY (0.0Y/336.0sq.m)47,020 JPY (0.0Y/343.2sq.m)
Ookama31,984 JPY (0.0Y/956.7sq.m)19,551 JPY (0.0Y/461.7sq.m)29,684 JPY (0.0Y/247.5sq.m)
Koiwai7,816 JPY (0.0Y/730.0sq.m)8,793 JPY (0.0Y/350.0sq.m)12,121 JPY (0.0Y/1666.0sq.m)
Shizukuishi14,246 JPY (0.0Y/357.5sq.m)6,330 JPY (0.0Y/590.4sq.m)10,008 JPY (0.0Y/446.0sq.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

Shizukuishi14,246 JPY/sq.m (+125% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 14,246 JPY/sq.m. The market value represents an increase of 7,916 JPY (+125.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 8 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.5 sq.m (a -39.4% decrease compared to the 590.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.8 min in 2013 and 12.2 min in 2014; -64.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2013 and 25.0% of total transactions in 2014)

Koiwai7,816 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Koiwai was 7,816 JPY/sq.m. The market value represents a decrease of 978 JPY (-11.1%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 730.0 sq.m (a +108.6% increase compared to the 350.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 13.8 min in 2013 and 16.0 min in 2014; +16.4%)

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)