Iwate Galaxy Railway Line Land market overview

The average price of a sq.m Land of Iwate Galaxy Railway Line (Morioka to Kinntaichionnsenn), in Jan, 2014 to Mar, 2014 was 36,733 JPY/sq.m. The market value represents an increase of 1,295 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 42 properties exchanged hands ( The market value represents a decrease of 19 (-31.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 459.9 sq.m (a +2.9% increase compared to the 446.9 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.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Morioka, Aoyama station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +17.0% compared to last year; a sq.m unit now costs 52,071 JPY/sq.m.

The top 2 stations has seen prices increase +14.6% (+5,560 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -66.6% (-10,896 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in Iwate Galaxy Railway 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 Morioka, the highest market value along this railway was 52,071 JPY/sq.m. The market value represents an increase of 7,562 JPY (+17.0%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 11 (-36.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Iwate-Numakunai, the lowest market value along this railway was 2,111 JPY/sq.m. The market value represents a decrease of 8,826 JPY (-80.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Iwate Galaxy Railway Line (Stations Land market overview)
Iwate Galaxy Railway LineThis year(2014)1 year ago2 years ago
Morioka52,071 JPY (0.0Y/332.9sq.m)44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.m)
Aoyama32,645 JPY (0.0Y/453.0sq.m)29,086 JPY (0.0Y/497.9sq.m)41,793 JPY (0.0Y/649.4sq.m)
Kuriyagawa31,536 JPY (0.0Y/260.0sq.m)36,573 JPY (0.0Y/391.9sq.m)30,380 JPY (0.0Y/235.7sq.m)
Sugo11,703 JPY (0.0Y/860.0sq.m)24,669 JPY (0.0Y/208.8sq.m)39,942 JPY (0.0Y/100.0sq.m)
Takizawa9,228 JPY (0.0Y/470.0sq.m)-4,612 JPY (0.0Y/445.0sq.m)
Shibutami--11,950 JPY (0.0Y/285.0sq.m)
Kouma10,344 JPY (0.0Y/290.0sq.m)--
Iwatekawaguchi--13,928 JPY (0.0Y/280.0sq.m)
Iwate-Numakunai2,111 JPY (0.0Y/450.0sq.m)10,937 JPY (0.0Y/640.0sq.m)2,996 JPY (0.0Y/90.0sq.m)
Okunakayamakougenn---
Kozuya-10,512 JPY (0.0Y/390.0sq.m)-
Ichinohe10,434 JPY (0.0Y/230.0sq.m)-7,928 JPY (0.0Y/167.5sq.m)
Ninohe18,480 JPY (0.0Y/1150.0sq.m)19,041 JPY (0.0Y/380.0sq.m)-
Tomai-21,212 JPY (0.0Y/330.0sq.m)21,934 JPY (0.0Y/605.0sq.m)
Kinntaichionnsenn-13,611 JPY (0.0Y/360.0sq.m)2,493 JPY (0.0Y/1210.0sq.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

Morioka52,071 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Morioka was 52,071 JPY/sq.m. The market value represents an increase of 7,562 JPY (+17.0%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 11 (-36.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 332.9 sq.m (a -30.9% decrease compared to the 481.8 sq.m of last year.).

Aoyama32,645 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of Aoyama was 32,645 JPY/sq.m. The market value represents an increase of 3,559 JPY (+12.2%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents a decrease of 2 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 453.0 sq.m (a -9.0% decrease compared to the 497.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.2 min in 2013 and 27.2 min in 2014; +34.9%)

Iwate-Numakunai2,111 JPY/sq.m (-81% compared with the previous year)

The average price of a sq.m Land of Iwate-Numakunai was 2,111 JPY/sq.m. The market value represents a decrease of 8,826 JPY (-80.7%) 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 450.0 sq.m (a -29.7% decrease compared to the 640.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2013 and 120.0 min in 2014; +300.0%)

Sugo11,703 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Sugo was 11,703 JPY/sq.m. The market value represents a decrease of 12,966 JPY (-52.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 860.0 sq.m (a +312.0% increase compared to the 208.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.2 min in 2013 and 48.3 min in 2014; +84.1%)

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)