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, 2016 to Mar, 2016 was 14,160 JPY/sq.m. The market value represents an increase of 375 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 72 properties exchanged hands ( The market value represents an increase of 35 (+94.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.6 sq.m (a -3.9% decrease compared to the 333.5 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kuji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuji station, where prices have increased +23.1% compared to last year; a sq.m unit now costs 18,757 JPY/sq.m.

The top 1 stations has seen prices increase +23.1% (+3,519 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -33.5% (-3,047 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.9 min in 2015 and 29.3 min in 2016; +110.8%)

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 31,243 JPY/sq.m. The market value represents a decrease of 114 JPY (-0.4%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Rikuchuunoda, the lowest market value along this railway was 6,046 JPY/sq.m. The market value represents a decrease of 3,047 JPY (-33.5%) 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.).

Sanriku Railway Kita-Riasu Line (Stations Land market overview)
Sanriku Railway Kita-Riasu LineThis year(2016)1 year ago2 years ago
Miyako31,243 JPY (0.0Y/193.1sq.m)31,357 JPY (0.0Y/242.9sq.m)18,932 JPY (0.0Y/223.0sq.m)
Yamaguchidannchi---
Ichinowatari---
Tarou11,401 JPY (0.0Y/332.5sq.m)--
Settai---
N/A---
Shimanokoshi3,448 JPY (0.0Y/645.0sq.m)-3,363 JPY (0.0Y/481.8sq.m)
Tanohata6,363 JPY (0.0Y/220.0sq.m)--
Fudai-14,545 JPY (0.0Y/220.0sq.m)-
Horinai--3,939 JPY (0.0Y/330.0sq.m)
Rikuchuunoda6,046 JPY (0.0Y/430.0sq.m)9,093 JPY (0.0Y/385.0sq.m)6,548 JPY (0.0Y/390.0sq.m)
Rikuchuuube---
Kuji18,757 JPY (0.0Y/292.8sq.m)15,238 JPY (0.0Y/682.5sq.m)15,222 JPY (0.0Y/400.0sq.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

Kuji18,757 JPY/sq.m (+23% compared with the previous year)

The average price of a sq.m Land of Kuji was 18,757 JPY/sq.m. The market value represents an increase of 3,519 JPY (+23.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 5 (+125.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 292.8 sq.m (a -57.1% decrease compared to the 682.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 31.5 min in 2015 and 26.6 min in 2016; -15.7%)

Rikuchuunoda6,046 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Rikuchuunoda was 6,046 JPY/sq.m. The market value represents a decrease of 3,047 JPY (-33.5%) 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 430.0 sq.m (a +11.7% increase compared to the 385.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.5 min in 2015 and 29.0 min in 2016; +28.9%)

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)