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, 2017 to Mar, 2017 was 33,968 JPY/sq.m. The market value represents a decrease of 7,997 JPY (-19.1%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 198 (-89.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.1 sq.m (a -23.3% decrease compared to the 427.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Sugo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwate-Numakunai station, where prices have increased +166.1% compared to last year; a sq.m unit now costs 25,881 JPY/sq.m.

The top 1 stations has seen prices increase +166.1% (+16,154 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -37.8% (-22,868 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 Kuriyagawa, the highest market value along this railway was 40,123 JPY/sq.m. The market value represents an increase of 5,429 JPY (+15.6%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 18 (-78.3%) 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 25,881 JPY/sq.m. The market value represents an increase of 16,154 JPY (+166.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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(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)
Aoyama27,722 JPY (0.0Y/985.0sq.m)39,908 JPY (0.0Y/429.8sq.m)42,790 JPY (0.0Y/237.1sq.m)
Kuriyagawa40,123 JPY (0.0Y/213.0sq.m)34,694 JPY (0.0Y/537.0sq.m)41,408 JPY (0.0Y/254.8sq.m)
Sugo28,484 JPY (0.0Y/165.0sq.m)19,130 JPY (0.0Y/528.5sq.m)25,242 JPY (0.0Y/258.6sq.m)
Takizawa13,452 JPY (0.0Y/197.5sq.m)-11,198 JPY (0.0Y/378.0sq.m)
Shibutami-12,539 JPY (0.0Y/614.3sq.m)13,595 JPY (0.0Y/767.5sq.m)
Kouma-9,367 JPY (0.0Y/167.5sq.m)-
Iwatekawaguchi-14,642 JPY (0.0Y/280.0sq.m)14,000 JPY (0.0Y/300.0sq.m)
Iwate-Numakunai25,881 JPY (0.0Y/112.5sq.m)9,727 JPY (0.0Y/284.0sq.m)18,670 JPY (0.0Y/331.0sq.m)
Okunakayamakougenn-9,375 JPY (0.0Y/320.0sq.m)-
Kozuya-2,000 JPY (0.0Y/350.0sq.m)-
Ichinohe-8,372 JPY (0.0Y/320.7sq.m)13,160 JPY (0.0Y/480.0sq.m)
Ninohe-16,059 JPY (0.0Y/656.2sq.m)16,385 JPY (0.0Y/550.5sq.m)
Tomai-10,455 JPY (0.0Y/430.7sq.m)29,300 JPY (0.0Y/293.6sq.m)
Kinntaichionnsenn-15,720 JPY (0.0Y/430.0sq.m)8,026 JPY (0.0Y/447.5sq.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.
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Noteworthy stations

Iwate-Numakunai25,881 JPY/sq.m (+166% compared with the previous year)

The average price of a sq.m Land of Iwate-Numakunai was 25,881 JPY/sq.m. The market value represents an increase of 16,154 JPY (+166.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 112.5 sq.m (a -60.4% decrease compared to the 284.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 100.2 min in 2016 and 42.0 min in 2017; -58.1%)

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)