JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jan, 2017 to Mar, 2017 was 32,971 JPY/sq.m. The market value represents a decrease of 172 JPY (-0.5%) compared to 1 year ago and a transition to a slight market. 23 properties exchanged hands ( The market value represents a decrease of 304 (-93.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.7 sq.m (a -14.4% decrease compared to the 362.9 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kamaishi station, where prices have increased +46.5% compared to last year; a sq.m unit now costs 31,303 JPY/sq.m.

The top 1 stations has seen prices increase +46.5% (+9,934 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -37.8% (-22,868 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 45.9 min in 2016 and 51.3 min in 2017; +11.8%)

Breakdown of each segment

The table below shows Land dealt in JR Yamada 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 37,668 JPY/sq.m. The market value represents a decrease of 22,868 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 89 (-88.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Miyako, the lowest market value along this railway was 24,967 JPY/sq.m. The market value represents a decrease of 1,428 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 37 (-86.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2017)1 year ago2 years ago
Morioka37,668 JPY (0.0Y/337.9sq.m)60,536 JPY (0.0Y/374.7sq.m)53,134 JPY (0.0Y/312.4sq.m)
Kamimorioka---
Yamagishi---
Moichi--19,189 JPY (0.0Y/370.0sq.m)
Senntoku-20,543 JPY (0.0Y/513.6sq.m)26,962 JPY (0.0Y/576.1sq.m)
Miyako24,967 JPY (0.0Y/241.7sq.m)26,396 JPY (0.0Y/421.7sq.m)21,960 JPY (0.0Y/348.8sq.m)
Sokei---
Tsugaruishi--10,604 JPY (0.0Y/741.2sq.m)
Toyomane-8,819 JPY (0.0Y/256.2sq.m)15,151 JPY (0.0Y/165.0sq.m)
Rikuchuuyamada-22,610 JPY (0.0Y/264.6sq.m)27,518 JPY (0.0Y/262.2sq.m)
Orikasa-17,735 JPY (0.0Y/312.6sq.m)19,565 JPY (0.0Y/230.0sq.m)
Iwatefunakoshi-14,133 JPY (0.0Y/307.2sq.m)9,517 JPY (0.0Y/291.7sq.m)
Ootsuchi---
Unosumai---
Ryouishi---
Kamaishi31,303 JPY (0.0Y/328.0sq.m)21,369 JPY (0.0Y/368.6sq.m)24,580 JPY (0.0Y/364.8sq.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

Kamaishi31,303 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 31,303 JPY/sq.m. The market value represents an increase of 9,934 JPY (+46.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 80 (-94.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.0 sq.m (a -11.0% decrease compared to the 368.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 93.2 min in 2016 and 80.6 min in 2017; -13.5%)

Morioka37,668 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Morioka was 37,668 JPY/sq.m. The market value represents a decrease of 22,868 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 89 (-88.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 337.9 sq.m (a -9.8% decrease compared to the 374.7 sq.m of last year.).


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)