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, 2016 to Mar, 2016 was 16,572 JPY/sq.m. The market value represents a decrease of 6,490 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 34 properties exchanged hands ( The market value represents a decrease of 6 (-15.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 425.6 sq.m (a +0.5% increase compared to the 423.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Sakari station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sakari station, where prices have increased +39.4% compared to last year; a sq.m unit now costs 22,504 JPY/sq.m.

The top 1 stations has seen prices increase +39.4% (+6,357 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -29.0% (-6,992 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 63.4 min in 2015 and 83.0 min in 2016; +30.9%)

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 Sakari, the highest market value along this railway was 22,504 JPY/sq.m. The market value represents an increase of 6,357 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kamaishi, the lowest market value along this railway was 17,087 JPY/sq.m. The market value represents a decrease of 6,992 JPY (-29.0%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 10 (-28.6%) 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(2016)1 year ago2 years ago
Sakari22,504 JPY (0.0Y/582.5sq.m)16,147 JPY (0.0Y/610.0sq.m)25,558 JPY (0.0Y/754.0sq.m)
Rikuzennakasaki8,909 JPY (0.0Y/386.7sq.m)-6,666 JPY (0.0Y/900.0sq.m)
Ryouri--3,294 JPY (0.0Y/850.0sq.m)
Sannriku8,421 JPY (0.0Y/570.0sq.m)--
Yoshihama---
Touni---
Heita11,111 JPY (0.0Y/270.0sq.m)--
Kamaishi17,087 JPY (0.0Y/405.6sq.m)24,079 JPY (0.0Y/397.0sq.m)35,288 JPY (0.0Y/389.4sq.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

Sakari22,504 JPY/sq.m (+39% compared with the previous year)

The average price of a sq.m Land of Sakari was 22,504 JPY/sq.m. The market value represents an increase of 6,357 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 582.5 sq.m (a -4.5% decrease compared to the 610.0 sq.m of last year.).

Kamaishi17,087 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 17,087 JPY/sq.m. The market value represents a decrease of 6,992 JPY (-29.0%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 10 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 405.6 sq.m (a +2.2% increase compared to the 397.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 68.4 min in 2015 and 99.3 min in 2016; +45.2%)

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)