JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Oct, 2016 to Dec, 2016 was 37,155 JPY/sq.m. The market value represents a decrease of 3,419 JPY (-8.4%) compared to 1 year ago and a transition to a bear market. 130 properties exchanged hands ( The market value represents an increase of 49 (+60.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 400.9 sq.m (a +6.0% increase compared to the 378.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

6 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Ishidoriya, Iwateiioka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hiraizumi station, where prices have increased +291.9% compared to last year; a sq.m unit now costs 5,439 JPY/sq.m.

The top 2 stations has seen prices increase +191.7% (+5,535 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.4% (-8,865 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.8 min in 2015 and 31.7 min in 2016; +28.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.9% of total transactions in 2015 and 1.5% 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 Sennbokuchou, the highest market value along this railway was 60,193 JPY/sq.m. The market value represents a decrease of 15,226 JPY (-20.2%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hiraizumi, the lowest market value along this railway was 5,439 JPY/sq.m. The market value represents an increase of 4,051 JPY (+291.9%) 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(2016)1 year ago2 years ago
Yushima---
Hanaizumi---
Shimizuhara---
Ichinoseki26,241 JPY (0.0Y/463.8sq.m)33,351 JPY (0.0Y/328.0sq.m)-
Yamanome---
Hiraizumi5,439 JPY (0.0Y/300.0sq.m)1,388 JPY (0.0Y/1800.0sq.m)-
Maesawa1,129 JPY (0.0Y/876.7sq.m)--
Rikuchuuorii---
Mizusawa20,717 JPY (0.0Y/404.6sq.m)18,275 JPY (0.0Y/360.0sq.m)16,410 JPY (0.0Y/453.7sq.m)
Kanegasaki22,564 JPY (0.0Y/195.0sq.m)21,036 JPY (0.0Y/262.5sq.m)-
Rokuhara---
Kitakami-25,719 JPY (0.0Y/271.1sq.m)-
Murasakino--12,068 JPY (0.0Y/580.0sq.m)
Hanamaki13,824 JPY (0.0Y/538.8sq.m)24,443 JPY (0.0Y/437.3sq.m)18,516 JPY (0.0Y/384.2sq.m)
Hanamakikuukou13,235 JPY (0.0Y/261.7sq.m)14,473 JPY (0.0Y/380.0sq.m)21,739 JPY (0.0Y/230.0sq.m)
Ishidoriya14,680 JPY (0.0Y/211.7sq.m)7,661 JPY (0.0Y/267.5sq.m)-
Hidume19,661 JPY (0.0Y/168.3sq.m)21,018 JPY (0.0Y/816.7sq.m)-
Shiwachuuou35,126 JPY (0.0Y/201.2sq.m)31,786 JPY (0.0Y/135.0sq.m)-
Furudate5,757 JPY (0.0Y/660.0sq.m)--
Yahaba33,304 JPY (0.0Y/636.2sq.m)--
Iwateiioka56,362 JPY (0.0Y/319.4sq.m)38,294 JPY (0.0Y/470.8sq.m)32,200 JPY (0.0Y/534.4sq.m)
Sennbokuchou60,193 JPY (0.0Y/248.2sq.m)75,419 JPY (0.0Y/190.0sq.m)65,360 JPY (0.0Y/593.6sq.m)
Morioka57,545 JPY (0.0Y/379.1sq.m)64,531 JPY (0.0Y/279.6sq.m)45,303 JPY (0.0Y/390.5sq.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

Hiraizumi5,439 JPY/sq.m (+292% compared with the previous year)

The average price of a sq.m Land of Hiraizumi was 5,439 JPY/sq.m. The market value represents an increase of 4,051 JPY (+291.9%) 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 300.0 sq.m (a -83.3% decrease compared to the 1800.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 75.0 min in 2016; +150.0%)

Ishidoriya14,680 JPY/sq.m (+92% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 14,680 JPY/sq.m. The market value represents an increase of 7,019 JPY (+91.6%) 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 211.7 sq.m (a -20.9% decrease compared to the 267.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 66.5 min in 2015 and 14.0 min in 2016; -78.9%)

Hanamaki13,824 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 13,824 JPY/sq.m. The market value represents a decrease of 10,619 JPY (-43.4%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 4 (+30.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 538.8 sq.m (a +23.2% increase compared to the 437.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.6 min in 2015 and 39.1 min in 2016; +81.0%)

Ichinoseki26,241 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Ichinoseki was 26,241 JPY/sq.m. The market value represents a decrease of 7,110 JPY (-21.3%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 12 (+240.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 463.8 sq.m (a +41.4% increase compared to the 328.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.2 min in 2015 and 31.5 min in 2016; +63.9%)

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)