Sanriku Railway Kita-Riasu Line Land market overview

The average price of a sq.m Land of Sanriku Railway Kita-Riasu Line (Miyako to Kuji), in Jan, 2013 to Mar, 2013 was 21,633 JPY/sq.m. The market value represents an increase of 2,340 JPY (+12.1%) compared to 1 year ago and a transition to a bull market. 35 properties exchanged hands ( The market value represents an increase of 1 (+2.9%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 493.3 sq.m (a +15.1% increase compared to the 428.7 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.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Ichinowatari station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Fudai station, where prices have increased +1661.3% compared to last year; a sq.m unit now costs 34,722 JPY/sq.m.

The top 1 stations has seen prices increase +1661.3% (+32,751 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.2% (-1,338 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.0 min in 2012 and 24.5 min in 2013; -25.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2012 and 5.9% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in Sanriku Railway Kita-Riasu 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 Fudai, the highest market value along this railway was 34,722 JPY/sq.m. The market value represents an increase of 32,751 JPY (+1661.3%) 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 Tarou, the lowest market value along this railway was 10,590 JPY/sq.m. The market value represents a decrease of 1,338 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

Sanriku Railway Kita-Riasu Line (Stations Land market overview)
Sanriku Railway Kita-Riasu LineThis year(2013)1 year ago2 years ago
Miyako27,441 JPY (0.0Y/397.9sq.m)25,894 JPY (0.0Y/399.2sq.m)-
Yamaguchidannchi61,290 JPY (0.0Y/620.0sq.m)--
Ichinowatari23,404 JPY (0.0Y/470.0sq.m)17,916 JPY (0.0Y/240.0sq.m)-
Tarou10,590 JPY (0.0Y/332.5sq.m)11,928 JPY (0.0Y/521.7sq.m)-
Settai-1,976 JPY (0.0Y/420.0sq.m)-
N/A---
Shimanokoshi---
Tanohata5,138 JPY (0.0Y/1048.3sq.m)--
Fudai34,722 JPY (0.0Y/720.0sq.m)1,971 JPY (0.0Y/361.7sq.m)-
Horinai---
Rikuchuunoda5,250 JPY (0.0Y/400.0sq.m)--
Rikuchuuube---
Kuji21,068 JPY (0.0Y/301.0sq.m)22,519 JPY (0.0Y/278.9sq.m)27,826 JPY (0.0Y/230.0sq.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

Fudai34,722 JPY/sq.m (+1661% compared with the previous year)

The average price of a sq.m Land of Fudai was 34,722 JPY/sq.m. The market value represents an increase of 32,751 JPY (+1661.3%) 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 720.0 sq.m (a +99.1% increase compared to the 361.7 sq.m of last year.).

Tarou10,590 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Tarou was 10,590 JPY/sq.m. The market value represents a decrease of 1,338 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 332.5 sq.m (a -36.3% decrease compared to the 521.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 32.5 min in 2012 and 45.0 min in 2013; +38.5%)

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)