Iwate Galaxy Railway Line Land market overview

The average price of a sq.m Land of Iwate Galaxy Railway Line (Morioka to Kinntaichionnsenn), in Apr, 2015 to Jun, 2015 was 36,290 JPY/sq.m. The market value represents an increase of 3,208 JPY (+9.7%) compared to 1 year ago and a transition to a strong market. 29 properties exchanged hands ( The market value represents a decrease of 8 (-21.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 354.5 sq.m (a -5.3% decrease compared to the 374.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Takizawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tomai station, where prices have increased +165.4% compared to last year; a sq.m unit now costs 45,454 JPY/sq.m.

The top 2 stations has seen prices increase +147.2% (+18,033 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.4% (-8,671 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:

Top

Land stations market overview

The average price of a sq.m Land of Tomai, the highest market value along this railway was 45,454 JPY/sq.m. The market value represents an increase of 28,326 JPY (+165.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ninohe, the lowest market value along this railway was 752 JPY/sq.m. The market value represents a decrease of 18,724 JPY (-96.1%) 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.).

Iwate Galaxy Railway Line (Stations Land market overview)
Iwate Galaxy Railway LineThis year(2015)1 year ago2 years ago
Morioka43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)53,486 JPY (0.0Y/308.6sq.m)
Aoyama38,710 JPY (0.0Y/257.5sq.m)32,757 JPY (0.0Y/453.6sq.m)44,927 JPY (0.0Y/383.6sq.m)
Kuriyagawa38,189 JPY (0.0Y/202.5sq.m)33,617 JPY (0.0Y/511.1sq.m)25,703 JPY (0.0Y/235.7sq.m)
Sugo-38,235 JPY (0.0Y/170.0sq.m)22,767 JPY (0.0Y/340.8sq.m)
Takizawa7,205 JPY (0.0Y/680.0sq.m)4,901 JPY (0.0Y/510.0sq.m)-
Shibutami--15,000 JPY (0.0Y/340.0sq.m)
Kouma--4,656 JPY (0.0Y/570.0sq.m)
Iwatekawaguchi---
Iwate-Numakunai--13,896 JPY (0.0Y/383.3sq.m)
Okunakayamakougenn---
Kozuya---
Ichinohe13,740 JPY (0.0Y/470.0sq.m)6,000 JPY (0.0Y/350.0sq.m)25,200 JPY (0.0Y/250.0sq.m)
Ninohe752 JPY (0.0Y/930.0sq.m)19,476 JPY (0.0Y/265.0sq.m)17,500 JPY (0.0Y/480.0sq.m)
Tomai45,454 JPY (0.0Y/330.0sq.m)17,128 JPY (0.0Y/390.0sq.m)13,224 JPY (0.0Y/308.3sq.m)
Kinntaichionnsenn4,827 JPY (0.0Y/580.0sq.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.
Top

Noteworthy stations

Tomai45,454 JPY/sq.m (+165% compared with the previous year)

The average price of a sq.m Land of Tomai was 45,454 JPY/sq.m. The market value represents an increase of 28,326 JPY (+165.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 330.0 sq.m (a -15.4% decrease compared to the 390.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.7 min in 2014 and 25.0 min in 2015; +50.0%)

Ichinohe13,740 JPY/sq.m (+129% compared with the previous year)

The average price of a sq.m Land of Ichinohe was 13,740 JPY/sq.m. The market value represents an increase of 7,740 JPY (+129.0%) 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 470.0 sq.m (a +34.3% increase compared to the 350.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.0 min in 2014 and 67.5 min in 2015; +221.4%)

Ninohe752 JPY/sq.m (-96% compared with the previous year)

The average price of a sq.m Land of Ninohe was 752 JPY/sq.m. The market value represents a decrease of 18,724 JPY (-96.1%) 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 930.0 sq.m (a +250.9% increase compared to the 265.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.5 min in 2014 and 120.0 min in 2015; +627.3%)

Morioka43,940 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Morioka was 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 332.0 sq.m (a +28.8% increase compared to the 257.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.2 min in 2014 and 25.9 min in 2015; -38.6%)

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)