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, 2017 to Mar, 2017 was 33,336 JPY/sq.m. The market value represents an increase of 13,339 JPY (+66.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 109 (-94.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 306.7 sq.m (a -21.1% decrease compared to the 388.9 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Heita station, where prices have increased +635.7% compared to last year; a sq.m unit now costs 43,500 JPY/sq.m.

The top 1 stations has seen prices increase +635.7% (+37,588 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +46.5% (+9,934 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 Heita, the highest market value along this railway was 43,500 JPY/sq.m. The market value represents an increase of 37,588 JPY (+635.7%) 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 price of a sq.m Land of Kamaishi, the lowest market value along this railway was 31,303 JPY/sq.m. The market value represents an increase of 9,934 JPY (+46.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 80 (-94.1%) 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(2017)1 year ago2 years ago
Sakari-21,976 JPY (0.0Y/584.0sq.m)27,741 JPY (0.0Y/323.8sq.m)
Rikuzennakasaki-12,151 JPY (0.0Y/311.7sq.m)13,484 JPY (0.0Y/330.0sq.m)
Ryouri---
Sannriku-8,421 JPY (0.0Y/570.0sq.m)6,970 JPY (0.0Y/362.9sq.m)
Yoshihama---
Touni-8,664 JPY (0.0Y/235.0sq.m)3,272 JPY (0.0Y/1100.0sq.m)
Heita43,500 JPY (0.0Y/200.0sq.m)5,912 JPY (0.0Y/275.0sq.m)33,333 JPY (0.0Y/135.0sq.m)
Kamaishi31,303 JPY (0.0Y/328.0sq.m)21,369 JPY (0.0Y/368.6sq.m)24,580 JPY (0.0Y/364.8sq.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

Heita43,500 JPY/sq.m (+636% compared with the previous year)

The average price of a sq.m Land of Heita was 43,500 JPY/sq.m. The market value represents an increase of 37,588 JPY (+635.7%) 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 200.0 sq.m (a -27.3% decrease compared to the 275.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2016 and 8.0 min in 2017; -55.6%)

Kamaishi31,303 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 31,303 JPY/sq.m. The market value represents an increase of 9,934 JPY (+46.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 80 (-94.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.0 sq.m (a -11.0% decrease compared to the 368.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 93.2 min in 2016 and 80.6 min in 2017; -13.5%)

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)