JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Apr, 2014 to Jun, 2014 was 29,467 JPY/sq.m. The market value represents a decrease of 1,690 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 119 (-64.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 446.7 sq.m (a +12.4% increase compared to the 397.3 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.

6 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Rokuhara, Kitakami, Shiwachuuou, Yahaba station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rokuhara station, where prices have increased +69.5% compared to last year; a sq.m unit now costs 30,730 JPY/sq.m.

The top 2 stations has seen prices increase +63.3% (+13,518 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -57.9% (-9,243 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 3.2% of total transactions in 2013 and 4.5% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 29.4 min in 2013 and 33.7 min in 2014; +14.5%)

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 Sennbokuchou, the highest market value along this railway was 53,354 JPY/sq.m. The market value represents a decrease of 1,590 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 4 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ishidoriya, the lowest market value along this railway was 4,078 JPY/sq.m. The market value represents a decrease of 6,620 JPY (-61.9%) 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.).

JR Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2014)1 year ago2 years ago
Yushima---
Hanaizumi-4,334 JPY (0.0Y/602.9sq.m)11,012 JPY (0.0Y/386.7sq.m)
Shimizuhara--6,993 JPY (0.0Y/237.5sq.m)
Ichinoseki24,182 JPY (0.0Y/250.0sq.m)30,986 JPY (0.0Y/471.3sq.m)33,354 JPY (0.0Y/445.0sq.m)
Yamanome---
Hiraizumi--8,826 JPY (0.0Y/645.0sq.m)
Maesawa-17,154 JPY (0.0Y/422.0sq.m)18,039 JPY (0.0Y/344.3sq.m)
Rikuchuuorii-15,265 JPY (0.0Y/235.0sq.m)-
Mizusawa10,141 JPY (0.0Y/628.8sq.m)22,007 JPY (0.0Y/278.3sq.m)19,929 JPY (0.0Y/470.0sq.m)
Kanegasaki12,482 JPY (0.0Y/531.9sq.m)16,321 JPY (0.0Y/576.0sq.m)11,428 JPY (0.0Y/490.0sq.m)
Rokuhara30,730 JPY (0.0Y/353.3sq.m)18,133 JPY (0.0Y/278.8sq.m)16,748 JPY (0.0Y/983.3sq.m)
Kitakami31,084 JPY (0.0Y/367.5sq.m)23,245 JPY (0.0Y/450.0sq.m)27,446 JPY (0.0Y/414.5sq.m)
Murasakino-19,426 JPY (0.0Y/363.3sq.m)19,506 JPY (0.0Y/630.0sq.m)
Hanamaki-19,641 JPY (0.0Y/395.7sq.m)12,449 JPY (0.0Y/476.9sq.m)
Hanamakikuukou16,352 JPY (0.0Y/865.0sq.m)14,833 JPY (0.0Y/235.0sq.m)10,748 JPY (0.0Y/350.0sq.m)
Ishidoriya4,078 JPY (0.0Y/470.0sq.m)10,698 JPY (0.0Y/915.0sq.m)13,512 JPY (0.0Y/434.3sq.m)
Hidume24,782 JPY (0.0Y/230.0sq.m)-2,250 JPY (0.0Y/1200.0sq.m)
Shiwachuuou27,628 JPY (0.0Y/360.0sq.m)20,997 JPY (0.0Y/484.0sq.m)-
Furudate-24,524 JPY (0.0Y/205.0sq.m)25,345 JPY (0.0Y/193.3sq.m)
Yahaba39,715 JPY (0.0Y/190.0sq.m)25,277 JPY (0.0Y/360.8sq.m)22,716 JPY (0.0Y/405.0sq.m)
Iwateiioka42,018 JPY (0.0Y/248.3sq.m)35,711 JPY (0.0Y/532.9sq.m)36,547 JPY (0.0Y/404.5sq.m)
Sennbokuchou53,354 JPY (0.0Y/351.7sq.m)54,944 JPY (0.0Y/252.5sq.m)50,717 JPY (0.0Y/347.7sq.m)
Morioka42,557 JPY (0.0Y/257.7sq.m)53,486 JPY (0.0Y/308.6sq.m)50,070 JPY (0.0Y/342.0sq.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

Rokuhara30,730 JPY/sq.m (+69% compared with the previous year)

The average price of a sq.m Land of Rokuhara was 30,730 JPY/sq.m. The market value represents an increase of 12,597 JPY (+69.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 353.3 sq.m (a +26.8% increase compared to the 278.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.6 min in 2013 and 18.7 min in 2014; +27.6%)

Yahaba39,715 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Yahaba was 39,715 JPY/sq.m. The market value represents an increase of 14,438 JPY (+57.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 190.0 sq.m (a -47.3% decrease compared to the 360.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.3 min in 2013 and 9.0 min in 2014; -59.7%)

Ishidoriya4,078 JPY/sq.m (-62% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 4,078 JPY/sq.m. The market value represents a decrease of 6,620 JPY (-61.9%) 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 470.0 sq.m (a -48.6% decrease compared to the 915.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2013 and 60.0 min in 2014; +361.5%)

Mizusawa10,141 JPY/sq.m (-54% compared with the previous year)

The average price of a sq.m Land of Mizusawa was 10,141 JPY/sq.m. The market value represents a decrease of 11,866 JPY (-53.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 628.8 sq.m (a +125.9% increase compared to the 278.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 40.3 min in 2013 and 60.9 min in 2014; +50.9%)

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)