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 Dec, 2016 was 17,904 JPY/sq.m. The market value represents an increase of 531 JPY (+3.1%) compared to 1 year ago and a transition to a some market. 147 properties exchanged hands ( The market value represents an increase of 40 (+37.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 383.8 sq.m (a +8.6% increase compared to the 353.3 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.

4 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Miyako, Tanohata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tanohata station, where prices have increased +79.2% compared to last year; a sq.m unit now costs 6,363 JPY/sq.m.

The top 1 stations has seen prices increase +79.2% (+2,812 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -40.8% (-5,935 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 45.0 min in 2015 and 34.7 min in 2016; -23.0%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.6% of total transactions in 2015 and 2.0% of total transactions in 2016)

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 Rikuchuunoda, the highest market value along this railway was 35,967 JPY/sq.m. The market value represents an increase of 493 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tanohata, the lowest market value along this railway was 6,363 JPY/sq.m. The market value represents an increase of 2,812 JPY (+79.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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
Miyako26,396 JPY (0.0Y/421.7sq.m)21,960 JPY (0.0Y/348.8sq.m)35,658 JPY (0.0Y/238.6sq.m)
Yamaguchidannchi--29,615 JPY (0.0Y/390.0sq.m)
Ichinowatari---
Tarou11,209 JPY (0.0Y/349.9sq.m)--
Settai---
N/A9,287 JPY (0.0Y/409.0sq.m)--
Shimanokoshi3,448 JPY (0.0Y/645.0sq.m)-3,361 JPY (0.0Y/469.2sq.m)
Tanohata6,363 JPY (0.0Y/220.0sq.m)3,550 JPY (0.0Y/412.5sq.m)3,636 JPY (0.0Y/330.0sq.m)
Fudai8,610 JPY (0.0Y/107.5sq.m)14,545 JPY (0.0Y/220.0sq.m)-
Horinai--3,939 JPY (0.0Y/330.0sq.m)
Rikuchuunoda35,967 JPY (0.0Y/223.8sq.m)35,474 JPY (0.0Y/285.0sq.m)7,431 JPY (0.0Y/540.0sq.m)
Rikuchuuube---
Kuji18,905 JPY (0.0Y/410.6sq.m)17,809 JPY (0.0Y/436.8sq.m)15,461 JPY (0.0Y/419.5sq.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.
Top

Noteworthy stations

Tanohata6,363 JPY/sq.m (+79% compared with the previous year)

The average price of a sq.m Land of Tanohata was 6,363 JPY/sq.m. The market value represents an increase of 2,812 JPY (+79.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 220.0 sq.m (a -46.7% decrease compared to the 412.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.8 min in 2015 and 6.0 min in 2016; -87.7%)

Fudai8,610 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Fudai was 8,610 JPY/sq.m. The market value represents a decrease of 5,935 JPY (-40.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 107.5 sq.m (a -51.1% decrease compared to the 220.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2015 and 5.0 min in 2016; -37.5%)

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)