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 Apr, 2014 to Jun, 2014 was 13,361 JPY/sq.m. The market value represents a decrease of 4,861 JPY (-26.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 48 (-84.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 488.3 sq.m (a +3.1% increase compared to the 473.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Miyako station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Miyako station, where prices have increased +44.1% compared to last year; a sq.m unit now costs 39,292 JPY/sq.m.

The top 1 stations has seen prices increase +44.1% (+12,024 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -47.6% (-3,030 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.9 min in 2013 and 61.4 min in 2014; +128.5%)

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 Miyako, the highest market value along this railway was 39,292 JPY/sq.m. The market value represents an increase of 12,024 JPY (+44.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 18 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shimanokoshi, the lowest market value along this railway was 3,333 JPY/sq.m. The market value represents a decrease of 3,030 JPY (-47.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Sanriku Railway Kita-Riasu Line (Stations Land market overview)
Sanriku Railway Kita-Riasu LineThis year(2014)1 year ago2 years ago
Miyako39,292 JPY (0.0Y/437.5sq.m)27,268 JPY (0.0Y/144.0sq.m)18,578 JPY (0.0Y/293.9sq.m)
Yamaguchidannchi---
Ichinowatari--27,096 JPY (0.0Y/255.0sq.m)
Tarou-9,022 JPY (0.0Y/518.3sq.m)10,658 JPY (0.0Y/976.0sq.m)
Settai---
N/A---
Shimanokoshi3,333 JPY (0.0Y/330.0sq.m)6,363 JPY (0.0Y/880.0sq.m)8,778 JPY (0.0Y/180.0sq.m)
Tanohata3,636 JPY (0.0Y/330.0sq.m)6,182 JPY (0.0Y/558.6sq.m)1,871 JPY (0.0Y/1015.0sq.m)
Fudai--3,966 JPY (0.0Y/222.5sq.m)
Horinai---
Rikuchuunoda-9,090 JPY (0.0Y/330.0sq.m)-
Rikuchuuube---
Kuji21,153 JPY (0.0Y/260.0sq.m)19,787 JPY (0.0Y/592.1sq.m)13,175 JPY (0.0Y/538.8sq.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

Miyako39,292 JPY/sq.m (+44% compared with the previous year)

The average price of a sq.m Land of Miyako was 39,292 JPY/sq.m. The market value represents an increase of 12,024 JPY (+44.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 18 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 437.5 sq.m (a +203.8% increase compared to the 144.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 31.2 min in 2013 and 40.0 min in 2014; +28.2%)

Shimanokoshi3,333 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Land of Shimanokoshi was 3,333 JPY/sq.m. The market value represents a decrease of 3,030 JPY (-47.6%) 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 330.0 sq.m (a -62.5% decrease compared to the 880.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2013 and 30.0 min in 2014; +900.0%)

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)