Sanriku Railway Minami-Riasu Line Land market overview

The average price of a sq.m Land of Sanriku Railway Minami-Riasu Line (Sakari to Kamaishi), in Jan, 2014 to Mar, 2014 was 32,077 JPY/sq.m. The market value represents an increase of 6,521 JPY (+25.5%) compared to 1 year ago and a transition to a dramatic market. 34 properties exchanged hands ( The market value represents a decrease of 26 (-43.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 471.6 sq.m (a +14.6% increase compared to the 411.7 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.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Sakari station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Ryouri station, where prices have decreased -48.7% compared to last year; a sq.m unit now costs 3,294 JPY/sq.m.

The top 1 stations has seen prices increase +3.9% (+1,317 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.7% (-3,132 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in Sanriku Railway Minami-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 Kamaishi, the highest market value along this railway was 35,288 JPY/sq.m. The market value represents an increase of 1,317 JPY (+3.9%) compared to 1 year ago and a transition to a some market. 27 properties exchanged hands ( The market value represents a decrease of 8 (-22.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ryouri, the lowest market value along this railway was 3,294 JPY/sq.m. The market value represents a decrease of 3,132 JPY (-48.7%) 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 Minami-Riasu Line (Stations Land market overview)
Sanriku Railway Minami-Riasu LineThis year(2014)1 year ago2 years ago
Sakari25,558 JPY (0.0Y/754.0sq.m)26,197 JPY (0.0Y/544.4sq.m)13,017 JPY (0.0Y/774.3sq.m)
Rikuzennakasaki6,666 JPY (0.0Y/900.0sq.m)10,594 JPY (0.0Y/426.7sq.m)-
Ryouri3,294 JPY (0.0Y/850.0sq.m)6,426 JPY (0.0Y/225.0sq.m)1,184 JPY (0.0Y/380.0sq.m)
Sannriku--12,000 JPY (0.0Y/300.0sq.m)
Yoshihama---
Touni-4,747 JPY (0.0Y/219.5sq.m)-
Heita---
Kamaishi35,288 JPY (0.0Y/389.4sq.m)33,971 JPY (0.0Y/396.4sq.m)22,465 JPY (0.0Y/345.7sq.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

Kamaishi35,288 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 35,288 JPY/sq.m. The market value represents an increase of 1,317 JPY (+3.9%) compared to 1 year ago and a transition to a some market. 27 properties exchanged hands ( The market value represents a decrease of 8 (-22.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.4 sq.m (a -1.8% decrease compared to the 396.4 sq.m of last year.).

Ryouri3,294 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Ryouri was 3,294 JPY/sq.m. The market value represents a decrease of 3,132 JPY (-48.7%) 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 850.0 sq.m (a +277.8% increase compared to the 225.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2013 and 27.0 min in 2014; +42.1%)

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)