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, 2017 to Mar, 2017 was 19,629 JPY/sq.m. The market value represents an increase of 1,724 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 13 properties exchanged hands ( The market value represents a decrease of 134 (-91.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.3 sq.m (a -6.9% decrease compared to the 383.8 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.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Miyako station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at N/A station, where prices have decreased -58.0% compared to last year; a sq.m unit now costs 3,902 JPY/sq.m.

The top 1 stations has seen prices increase -5.4% (-1,428 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -58.0% (-5,385 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 34.7 min in 2016 and 45.8 min in 2017; +32.2%)

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 24,967 JPY/sq.m. The market value represents a decrease of 1,428 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 37 (-86.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of N/A, the lowest market value along this railway was 3,902 JPY/sq.m. The market value represents a decrease of 5,385 JPY (-58.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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(2017)1 year ago2 years ago
Miyako24,967 JPY (0.0Y/241.7sq.m)26,396 JPY (0.0Y/421.7sq.m)21,960 JPY (0.0Y/348.8sq.m)
Yamaguchidannchi---
Ichinowatari---
Tarou-11,209 JPY (0.0Y/349.9sq.m)-
Settai---
N/A3,902 JPY (0.0Y/410.0sq.m)9,287 JPY (0.0Y/409.0sq.m)-
Shimanokoshi-3,448 JPY (0.0Y/645.0sq.m)-
Tanohata-6,363 JPY (0.0Y/220.0sq.m)3,550 JPY (0.0Y/412.5sq.m)
Fudai-8,610 JPY (0.0Y/107.5sq.m)14,545 JPY (0.0Y/220.0sq.m)
Horinai---
Rikuchuunoda-35,967 JPY (0.0Y/223.8sq.m)35,474 JPY (0.0Y/285.0sq.m)
Rikuchuuube---
Kuji16,911 JPY (0.0Y/464.2sq.m)18,905 JPY (0.0Y/410.6sq.m)17,809 JPY (0.0Y/436.8sq.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

Miyako24,967 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Land of Miyako was 24,967 JPY/sq.m. The market value represents a decrease of 1,428 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 37 (-86.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 241.7 sq.m (a -42.7% decrease compared to the 421.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 49.0 min in 2016 and 61.3 min in 2017; +25.3%)

N/A3,902 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of N/A was 3,902 JPY/sq.m. The market value represents a decrease of 5,385 JPY (-58.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 410.0 sq.m (a +0.2% increase compared to the 409.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 96.6 min in 2016 and 120.0 min in 2017; +24.2%)

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)