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 Jul, 2014 to Sep, 2014 was 22,083 JPY/sq.m. The market value represents a decrease of 1,915 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 56 properties exchanged hands ( The market value represents a decrease of 8 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 349.3 sq.m (a -13.5% decrease compared to the 403.8 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.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Touni station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Touni station, where prices have increased +45.7% compared to last year; a sq.m unit now costs 4,634 JPY/sq.m.

The top 1 stations has seen prices increase +45.7% (+1,453 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -32.9% (-3,950 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 65.0 min in 2013 and 50.9 min in 2014; -21.7%)

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 27,545 JPY/sq.m. The market value represents an increase of 4,379 JPY (+18.9%) compared to 1 year ago and a transition to a bull market. 32 properties exchanged hands ( The market value represents a decrease of 19 (-37.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Touni, the lowest market value along this railway was 4,634 JPY/sq.m. The market value represents an increase of 1,453 JPY (+45.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Sanriku Railway Minami-Riasu Line (Stations Land market overview)
Sanriku Railway Minami-Riasu LineThis year(2014)1 year ago2 years ago
Sakari26,840 JPY (0.0Y/405.6sq.m)32,171 JPY (0.0Y/579.1sq.m)18,423 JPY (0.0Y/523.3sq.m)
Rikuzennakasaki--9,090 JPY (0.0Y/330.0sq.m)
Ryouri7,642 JPY (0.0Y/330.0sq.m)--
Sannriku8,050 JPY (0.0Y/317.0sq.m)12,000 JPY (0.0Y/250.0sq.m)-
Yoshihama--18,181 JPY (0.0Y/330.0sq.m)
Touni4,634 JPY (0.0Y/410.0sq.m)3,181 JPY (0.0Y/1100.0sq.m)-
Heita---
Kamaishi27,545 JPY (0.0Y/342.0sq.m)23,167 JPY (0.0Y/355.4sq.m)39,909 JPY (0.0Y/414.2sq.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

Touni4,634 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Touni was 4,634 JPY/sq.m. The market value represents an increase of 1,453 JPY (+45.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 410.0 sq.m (a -62.7% decrease compared to the 1100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2013 and 60.0 min in 2014; +130.8%)

Sannriku8,050 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Sannriku was 8,050 JPY/sq.m. The market value represents a decrease of 3,950 JPY (-32.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 317.0 sq.m (a +26.8% increase compared to the 250.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2013 and 11.2 min in 2014; +60.0%)

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)