JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Jan, 2014 to Mar, 2014 was 32,490 JPY/sq.m. The market value represents an increase of 1,875 JPY (+6.1%) compared to 1 year ago and a transition to a strong market. 76 properties exchanged hands ( The market value represents a decrease of 72 (-48.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 391.4 sq.m (a -20.5% decrease compared to the 492.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

5 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Murasakino, Yahaba, Iwateiioka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yahaba station, where prices have increased +88.2% compared to last year; a sq.m unit now costs 39,473 JPY/sq.m.

The top 2 stations has seen prices increase +63.2% (+16,445 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.1% (-6,177 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 33.9 min in 2013 and 28.9 min in 2014; -14.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.7% of total transactions in 2013 and 1.3% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Tohoku Main 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 Iwateiioka, the highest market value along this railway was 52,168 JPY/sq.m. The market value represents an increase of 14,387 JPY (+38.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Murasakino, the lowest market value along this railway was 9,632 JPY/sq.m. The market value represents an increase of 2,300 JPY (+31.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2014)1 year ago2 years ago
Yushima---
Hanaizumi-10,677 JPY (0.0Y/1365.0sq.m)16,569 JPY (0.0Y/616.7sq.m)
Shimizuhara---
Ichinoseki26,270 JPY (0.0Y/525.0sq.m)31,197 JPY (0.0Y/322.4sq.m)28,352 JPY (0.0Y/181.0sq.m)
Yamanome---
Hiraizumi--12,500 JPY (0.0Y/960.0sq.m)
Maesawa-18,808 JPY (0.0Y/155.0sq.m)17,032 JPY (0.0Y/281.2sq.m)
Rikuchuuorii-10,000 JPY (0.0Y/50.0sq.m)8,000 JPY (0.0Y/45.0sq.m)
Mizusawa17,841 JPY (0.0Y/265.0sq.m)19,975 JPY (0.0Y/586.3sq.m)23,074 JPY (0.0Y/486.7sq.m)
Kanegasaki-1,982 JPY (0.0Y/1335.0sq.m)11,609 JPY (0.0Y/211.7sq.m)
Rokuhara-24,124 JPY (0.0Y/637.0sq.m)13,328 JPY (0.0Y/335.0sq.m)
Kitakami29,713 JPY (0.0Y/217.1sq.m)28,257 JPY (0.0Y/767.7sq.m)25,383 JPY (0.0Y/233.8sq.m)
Murasakino9,632 JPY (0.0Y/383.8sq.m)7,333 JPY (0.0Y/475.0sq.m)28,333 JPY (0.0Y/300.0sq.m)
Hanamaki18,206 JPY (0.0Y/408.3sq.m)22,917 JPY (0.0Y/256.7sq.m)20,202 JPY (0.0Y/417.5sq.m)
Hanamakikuukou11,915 JPY (0.0Y/285.0sq.m)-14,899 JPY (0.0Y/1272.5sq.m)
Ishidoriya--17,190 JPY (0.0Y/295.0sq.m)
Hidume18,072 JPY (0.0Y/292.5sq.m)25,714 JPY (0.0Y/105.0sq.m)5,411 JPY (0.0Y/85.0sq.m)
Shiwachuuou21,552 JPY (0.0Y/515.0sq.m)24,545 JPY (0.0Y/273.3sq.m)18,521 JPY (0.0Y/305.0sq.m)
Furudate-25,526 JPY (0.0Y/277.5sq.m)24,469 JPY (0.0Y/230.0sq.m)
Yahaba39,473 JPY (0.0Y/380.0sq.m)20,969 JPY (0.0Y/450.0sq.m)39,356 JPY (0.0Y/547.5sq.m)
Iwateiioka52,168 JPY (0.0Y/232.9sq.m)37,781 JPY (0.0Y/442.5sq.m)40,746 JPY (0.0Y/296.4sq.m)
Sennbokuchou48,214 JPY (0.0Y/775.0sq.m)53,881 JPY (0.0Y/335.5sq.m)47,461 JPY (0.0Y/282.9sq.m)
Morioka52,071 JPY (0.0Y/332.9sq.m)44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.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

Yahaba39,473 JPY/sq.m (+88% compared with the previous year)

The average price of a sq.m Land of Yahaba was 39,473 JPY/sq.m. The market value represents an increase of 18,504 JPY (+88.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.0 sq.m (a -15.6% decrease compared to the 450.0 sq.m of last year.).

Iwateiioka52,168 JPY/sq.m (+38% compared with the previous year)

The average price of a sq.m Land of Iwateiioka was 52,168 JPY/sq.m. The market value represents an increase of 14,387 JPY (+38.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 232.9 sq.m (a -47.4% decrease compared to the 442.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.1 min in 2013 and 23.3 min in 2014; +15.7%)

Hidume18,072 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Hidume was 18,072 JPY/sq.m. The market value represents a decrease of 7,642 JPY (-29.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 292.5 sq.m (a +178.6% increase compared to the 105.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2013 and 14.0 min in 2014; +75.0%)

Hanamaki18,206 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 18,206 JPY/sq.m. The market value represents a decrease of 4,711 JPY (-20.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 408.3 sq.m (a +59.1% increase compared to the 256.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.3 min in 2013 and 37.3 min in 2014; +75.0%)

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)