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, 2015 to Mar, 2015 was 13,785 JPY/sq.m. The market value represents an increase of 4,674 JPY (+51.3%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 6 (+19.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 333.5 sq.m (a -15.3% decrease compared to the 393.7 sq.m of last year.).

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

3 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Miyako, Rikuchuunoda 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 +65.6% compared to last year; a sq.m unit now costs 31,357 JPY/sq.m.

The top 1 stations has seen prices increase +65.6% (+12,426 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +0.1% (+16 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.5 min in 2014 and 13.9 min in 2015; -54.5%)

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 31,357 JPY/sq.m. The market value represents an increase of 12,426 JPY (+65.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Rikuchuunoda, the lowest market value along this railway was 9,093 JPY/sq.m. The market value represents an increase of 2,545 JPY (+38.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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(2015)1 year ago2 years ago
Miyako31,357 JPY (0.0Y/242.9sq.m)18,932 JPY (0.0Y/223.0sq.m)27,441 JPY (0.0Y/397.9sq.m)
Yamaguchidannchi--61,290 JPY (0.0Y/620.0sq.m)
Ichinowatari--23,404 JPY (0.0Y/470.0sq.m)
Tarou--10,590 JPY (0.0Y/332.5sq.m)
Settai---
N/A---
Shimanokoshi-3,363 JPY (0.0Y/481.8sq.m)-
Tanohata--5,138 JPY (0.0Y/1048.3sq.m)
Fudai14,545 JPY (0.0Y/220.0sq.m)-34,722 JPY (0.0Y/720.0sq.m)
Horinai-3,939 JPY (0.0Y/330.0sq.m)-
Rikuchuunoda9,093 JPY (0.0Y/385.0sq.m)6,548 JPY (0.0Y/390.0sq.m)5,250 JPY (0.0Y/400.0sq.m)
Rikuchuuube---
Kuji15,238 JPY (0.0Y/682.5sq.m)15,222 JPY (0.0Y/400.0sq.m)21,068 JPY (0.0Y/301.0sq.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

Miyako31,357 JPY/sq.m (+66% compared with the previous year)

The average price of a sq.m Land of Miyako was 31,357 JPY/sq.m. The market value represents an increase of 12,426 JPY (+65.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 242.9 sq.m (a +8.9% increase compared to the 223.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.2 min in 2014 and 30.9 min in 2015; -36.0%)

Kuji15,238 JPY/sq.m (+0% compared with the previous year)

The average price of a sq.m Land of Kuji was 15,238 JPY/sq.m. The market value represents an increase of 16 JPY (+0.1%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 682.5 sq.m (a +70.6% increase compared to the 400.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.2 min in 2014 and 31.5 min in 2015; +48.8%)

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)