JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Jul, 2015 to Sep, 2015 was 31,511 JPY/sq.m. The market value represents an increase of 912 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 127 properties exchanged hands ( The market value represents an increase of 14 (+12.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 432.4 sq.m (a -11.5% decrease compared to the 488.9 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.

7 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Hanaizumi, Sennbokuchou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hidume station, where prices have increased +1143.1% compared to last year; a sq.m unit now costs 28,095 JPY/sq.m.

The top 2 stations has seen prices increase +594.6% (+14,518 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -22.2% (-2,934 JPY/sq.m).


Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.7% of total transactions in 2014 and 3.1% of total transactions in 2015)

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:

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Land stations market overview

The average price of a sq.m Land of Sennbokuchou, the highest market value along this railway was 65,933 JPY/sq.m. The market value represents an increase of 11,288 JPY (+20.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shiwachuuou, the lowest market value along this railway was 8,871 JPY/sq.m. The market value represents a decrease of 2,240 JPY (-20.2%) 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.).

JR Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2015)1 year ago2 years ago
Yushima-5,153 JPY (0.0Y/1300.0sq.m)14,469 JPY (0.0Y/255.0sq.m)
Hanaizumi10,144 JPY (0.0Y/690.0sq.m)6,944 JPY (0.0Y/480.0sq.m)6,464 JPY (0.0Y/874.0sq.m)
Shimizuhara---
Ichinoseki24,597 JPY (0.0Y/485.5sq.m)25,221 JPY (0.0Y/539.1sq.m)23,378 JPY (0.0Y/381.5sq.m)
Yamanome---
Hiraizumi12,068 JPY (0.0Y/580.0sq.m)--
Maesawa-29,473 JPY (0.0Y/190.0sq.m)23,375 JPY (0.0Y/317.5sq.m)
Rikuchuuorii---
Mizusawa20,215 JPY (0.0Y/455.0sq.m)20,012 JPY (0.0Y/425.5sq.m)35,459 JPY (0.0Y/434.4sq.m)
Kanegasaki21,238 JPY (0.0Y/257.5sq.m)26,374 JPY (0.0Y/232.5sq.m)16,666 JPY (0.0Y/240.0sq.m)
Rokuhara17,500 JPY (0.0Y/200.0sq.m)17,186 JPY (0.0Y/1280.0sq.m)33,914 JPY (0.0Y/560.0sq.m)
Kitakami22,037 JPY (0.0Y/428.1sq.m)25,727 JPY (0.0Y/263.8sq.m)32,105 JPY (0.0Y/333.5sq.m)
Murasakino14,340 JPY (0.0Y/1335.0sq.m)-13,843 JPY (0.0Y/407.5sq.m)
Hanamaki15,224 JPY (0.0Y/382.9sq.m)14,183 JPY (0.0Y/335.4sq.m)12,889 JPY (0.0Y/475.0sq.m)
Hanamakikuukou-9,154 JPY (0.0Y/1253.3sq.m)9,567 JPY (0.0Y/270.0sq.m)
Ishidoriya11,372 JPY (0.0Y/420.0sq.m)15,000 JPY (0.0Y/240.0sq.m)2,400 JPY (0.0Y/50.0sq.m)
Hidume28,095 JPY (0.0Y/210.0sq.m)2,260 JPY (0.0Y/115.0sq.m)23,574 JPY (0.0Y/273.3sq.m)
Shiwachuuou8,871 JPY (0.0Y/320.0sq.m)11,111 JPY (0.0Y/180.0sq.m)30,394 JPY (0.0Y/330.0sq.m)
Furudate35,000 JPY (0.0Y/400.0sq.m)-29,500 JPY (0.0Y/200.0sq.m)
Yahaba39,911 JPY (0.0Y/337.3sq.m)34,607 JPY (0.0Y/516.7sq.m)34,421 JPY (0.0Y/475.0sq.m)
Iwateiioka44,056 JPY (0.0Y/309.4sq.m)51,768 JPY (0.0Y/394.4sq.m)46,905 JPY (0.0Y/461.1sq.m)
Sennbokuchou65,933 JPY (0.0Y/687.5sq.m)54,645 JPY (0.0Y/990.0sq.m)48,224 JPY (0.0Y/375.8sq.m)
Morioka51,518 JPY (0.0Y/264.2sq.m)53,205 JPY (0.0Y/357.5sq.m)53,631 JPY (0.0Y/266.3sq.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

Hidume28,095 JPY/sq.m (+1143% compared with the previous year)

The average price of a sq.m Land of Hidume was 28,095 JPY/sq.m. The market value represents an increase of 25,835 JPY (+1143.1%) 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 210.0 sq.m (a +82.6% increase compared to the 115.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2014 and 14.0 min in 2015; -76.7%)

Hanaizumi10,144 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Hanaizumi was 10,144 JPY/sq.m. The market value represents an increase of 3,200 JPY (+46.1%) 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 690.0 sq.m (a +43.8% increase compared to the 480.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2014 and 120.0 min in 2015; +1233.3%)

Ishidoriya11,372 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 11,372 JPY/sq.m. The market value represents a decrease of 3,628 JPY (-24.2%) 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 420.0 sq.m (a +75.0% increase compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2014 and 14.0 min in 2015; +133.3%)

Shiwachuuou8,871 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of Shiwachuuou was 8,871 JPY/sq.m. The market value represents a decrease of 2,240 JPY (-20.2%) 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 320.0 sq.m (a +77.8% increase compared to the 180.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.0 min in 2014 and 35.0 min in 2015; +105.9%)

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)