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, 2016 to Mar, 2016 was 38,152 JPY/sq.m. The market value represents an increase of 6,597 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 130 properties exchanged hands ( The market value represents an increase of 33 (+34.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 386.3 sq.m (a -24.4% decrease compared to the 511.3 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.

7 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki, Shiwachuuou, Iwateiioka, Sennbokuchou, Morioka 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 +111.4% compared to last year; a sq.m unit now costs 37,831 JPY/sq.m.

The top 2 stations has seen prices increase +85.1% (+24,542 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -60.7% (-7,760 JPY/sq.m).


Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.1% of total transactions in 2015 and 2.3% of total transactions in 2016)

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 Morioka, the highest market value along this railway was 78,640 JPY/sq.m. The market value represents an increase of 29,150 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 1 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average price of a sq.m Land of Hanaizumi, the lowest market value along this railway was 1,912 JPY/sq.m. The market value represents a decrease of 6,911 JPY (-78.3%) compared to 1 year ago and a transition to a dramatic 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 Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2016)1 year ago2 years ago
Yushima---
Hanaizumi1,912 JPY (0.0Y/77.5sq.m)8,823 JPY (0.0Y/877.5sq.m)-
Shimizuhara---
Ichinoseki29,282 JPY (0.0Y/344.5sq.m)28,180 JPY (0.0Y/529.6sq.m)26,270 JPY (0.0Y/525.0sq.m)
Yamanome---
Hiraizumi9,951 JPY (0.0Y/826.7sq.m)12,570 JPY (0.0Y/265.0sq.m)-
Maesawa5,438 JPY (0.0Y/570.0sq.m)--
Rikuchuuorii9,701 JPY (0.0Y/670.0sq.m)13,392 JPY (0.0Y/195.0sq.m)-
Mizusawa16,177 JPY (0.0Y/361.0sq.m)22,639 JPY (0.0Y/497.6sq.m)17,841 JPY (0.0Y/265.0sq.m)
Kanegasaki---
Rokuhara-10,833 JPY (0.0Y/1200.0sq.m)-
Kitakami30,834 JPY (0.0Y/257.1sq.m)32,182 JPY (0.0Y/167.5sq.m)29,713 JPY (0.0Y/217.1sq.m)
Murasakino11,391 JPY (0.0Y/1110.0sq.m)20,000 JPY (0.0Y/1210.0sq.m)9,632 JPY (0.0Y/383.8sq.m)
Hanamaki24,546 JPY (0.0Y/346.2sq.m)15,754 JPY (0.0Y/265.0sq.m)18,206 JPY (0.0Y/408.3sq.m)
Hanamakikuukou9,523 JPY (0.0Y/105.0sq.m)11,000 JPY (0.0Y/1100.0sq.m)11,915 JPY (0.0Y/285.0sq.m)
Ishidoriya12,395 JPY (0.0Y/177.5sq.m)21,709 JPY (0.0Y/220.0sq.m)-
Hidume25,714 JPY (0.0Y/105.0sq.m)-18,072 JPY (0.0Y/292.5sq.m)
Shiwachuuou22,416 JPY (0.0Y/185.0sq.m)18,113 JPY (0.0Y/530.0sq.m)21,552 JPY (0.0Y/515.0sq.m)
Furudate24,500 JPY (0.0Y/200.0sq.m)--
Yahaba37,831 JPY (0.0Y/578.3sq.m)17,898 JPY (0.0Y/966.7sq.m)39,473 JPY (0.0Y/380.0sq.m)
Iwateiioka44,843 JPY (0.0Y/256.2sq.m)33,608 JPY (0.0Y/296.7sq.m)52,168 JPY (0.0Y/232.9sq.m)
Sennbokuchou64,453 JPY (0.0Y/266.5sq.m)43,427 JPY (0.0Y/547.8sq.m)48,214 JPY (0.0Y/775.0sq.m)
Morioka78,640 JPY (0.0Y/548.3sq.m)49,489 JPY (0.0Y/381.9sq.m)52,071 JPY (0.0Y/332.9sq.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

Yahaba37,831 JPY/sq.m (+111% compared with the previous year)

The average price of a sq.m Land of Yahaba was 37,831 JPY/sq.m. The market value represents an increase of 19,934 JPY (+111.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 578.3 sq.m (a -40.2% decrease compared to the 966.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2015 and 23.7 min in 2016; -60.6%)

Morioka78,640 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Morioka was 78,640 JPY/sq.m. The market value represents an increase of 29,150 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 1 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 548.3 sq.m (a +43.6% increase compared to the 381.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 33.5 min in 2015 and 27.7 min in 2016; -17.2%)

Hanaizumi1,912 JPY/sq.m (-78% compared with the previous year)

The average price of a sq.m Land of Hanaizumi was 1,912 JPY/sq.m. The market value represents a decrease of 6,911 JPY (-78.3%) compared to 1 year ago and a transition to a dramatic 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 77.5 sq.m (a -91.2% decrease compared to the 877.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.8 min in 2015 and 105.0 min in 2016; +134.6%)

Murasakino11,391 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Murasakino was 11,391 JPY/sq.m. The market value represents a decrease of 8,609 JPY (-43.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1110.0 sq.m (a -8.3% decrease compared to the 1210.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2015 and 43.5 min in 2016; +128.9%)

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)