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, 2016 to Sep, 2016 was 32,139 JPY/sq.m. The market value represents an increase of 628 JPY (+2.0%) compared to 1 year ago and a transition to a slight market. 100 properties exchanged hands ( The market value represents a decrease of 27 (-21.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 497.1 sq.m (a +14.9% increase compared to the 432.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.

8 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Ichinoseki, Kitakami, Murasakino, Ishidoriya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shiwachuuou station, where prices have increased +211.3% compared to last year; a sq.m unit now costs 27,619 JPY/sq.m.

The top 2 stations has seen prices increase +144.5% (+13,789 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -48.7% (-8,943 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 2.0% 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 58,882 JPY/sq.m. The market value represents an increase of 7,364 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 17 properties exchanged hands ( The market value represents a decrease of 8 (-32.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Rokuhara, the lowest market value along this railway was 5,762 JPY/sq.m. The market value represents a decrease of 11,738 JPY (-67.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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--5,153 JPY (0.0Y/1300.0sq.m)
Hanaizumi-10,144 JPY (0.0Y/690.0sq.m)6,944 JPY (0.0Y/480.0sq.m)
Shimizuhara---
Ichinoseki33,366 JPY (0.0Y/560.0sq.m)24,597 JPY (0.0Y/485.5sq.m)25,221 JPY (0.0Y/539.1sq.m)
Yamanome38,235 JPY (0.0Y/340.0sq.m)--
Hiraizumi11,430 JPY (0.0Y/435.0sq.m)12,068 JPY (0.0Y/580.0sq.m)-
Maesawa--29,473 JPY (0.0Y/190.0sq.m)
Rikuchuuorii909 JPY (0.0Y/1100.0sq.m)--
Mizusawa14,066 JPY (0.0Y/460.0sq.m)20,215 JPY (0.0Y/455.0sq.m)20,012 JPY (0.0Y/425.5sq.m)
Kanegasaki20,285 JPY (0.0Y/1175.0sq.m)21,238 JPY (0.0Y/257.5sq.m)26,374 JPY (0.0Y/232.5sq.m)
Rokuhara5,762 JPY (0.0Y/607.5sq.m)17,500 JPY (0.0Y/200.0sq.m)17,186 JPY (0.0Y/1280.0sq.m)
Kitakami28,708 JPY (0.0Y/480.0sq.m)22,037 JPY (0.0Y/428.1sq.m)25,727 JPY (0.0Y/263.8sq.m)
Murasakino18,539 JPY (0.0Y/402.0sq.m)14,340 JPY (0.0Y/1335.0sq.m)-
Hanamaki15,883 JPY (0.0Y/498.8sq.m)15,224 JPY (0.0Y/382.9sq.m)14,183 JPY (0.0Y/335.4sq.m)
Hanamakikuukou12,589 JPY (0.0Y/236.7sq.m)-9,154 JPY (0.0Y/1253.3sq.m)
Ishidoriya20,202 JPY (0.0Y/990.0sq.m)11,372 JPY (0.0Y/420.0sq.m)15,000 JPY (0.0Y/240.0sq.m)
Hidume-28,095 JPY (0.0Y/210.0sq.m)2,260 JPY (0.0Y/115.0sq.m)
Shiwachuuou27,619 JPY (0.0Y/210.0sq.m)8,871 JPY (0.0Y/320.0sq.m)11,111 JPY (0.0Y/180.0sq.m)
Furudate-35,000 JPY (0.0Y/400.0sq.m)-
Yahaba28,028 JPY (0.0Y/1043.8sq.m)39,911 JPY (0.0Y/337.3sq.m)34,607 JPY (0.0Y/516.7sq.m)
Iwateiioka47,402 JPY (0.0Y/265.6sq.m)44,056 JPY (0.0Y/309.4sq.m)51,768 JPY (0.0Y/394.4sq.m)
Sennbokuchou47,617 JPY (0.0Y/730.5sq.m)65,933 JPY (0.0Y/687.5sq.m)54,645 JPY (0.0Y/990.0sq.m)
Morioka58,882 JPY (0.0Y/286.5sq.m)51,518 JPY (0.0Y/264.2sq.m)53,205 JPY (0.0Y/357.5sq.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

Shiwachuuou27,619 JPY/sq.m (+211% compared with the previous year)

The average price of a sq.m Land of Shiwachuuou was 27,619 JPY/sq.m. The market value represents an increase of 18,748 JPY (+211.3%) 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 210.0 sq.m (a -34.4% decrease compared to the 320.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.0 min in 2015 and 15.0 min in 2016; -57.1%)

Ishidoriya20,202 JPY/sq.m (+78% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 20,202 JPY/sq.m. The market value represents an increase of 8,830 JPY (+77.6%) 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 990.0 sq.m (a +135.7% increase compared to the 420.0 sq.m of last year.).

Rokuhara5,762 JPY/sq.m (-67% compared with the previous year)

The average price of a sq.m Land of Rokuhara was 5,762 JPY/sq.m. The market value represents a decrease of 11,738 JPY (-67.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 607.5 sq.m (a +203.8% increase compared to the 200.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2015 and 33.8 min in 2016; +275.0%)

Mizusawa14,066 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Mizusawa was 14,066 JPY/sq.m. The market value represents a decrease of 6,148 JPY (-30.4%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 5 (-27.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 460.0 sq.m (a +1.1% increase compared to the 455.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 36.3 min in 2015 and 48.8 min in 2016; +34.4%)

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)