Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Oct, 2014 to Dec, 2014 was 39,157 JPY/sq.m. The market value represents an increase of 3,110 JPY (+8.6%) compared to 1 year ago and a transition to a strong market. 27 properties exchanged hands ( The market value represents a decrease of 72 (-72.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.6 sq.m (a +14.9% increase compared to the 339.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Ninohe station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Ninohe station, where prices have increased +16.1% compared to last year; a sq.m unit now costs 22,478 JPY/sq.m.

The top 1 stations has seen prices increase +16.1% (+3,111 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.1% (-978 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in Tohoku Shinkansen, 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 Morioka, the highest market value along this railway was 45,303 JPY/sq.m. The market value represents a decrease of 978 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 28 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ninohe, the lowest market value along this railway was 22,478 JPY/sq.m. The market value represents an increase of 3,111 JPY (+16.1%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2014)1 year ago2 years ago
Ichinoseki-31,203 JPY (0.0Y/330.5sq.m)35,473 JPY (0.0Y/327.6sq.m)
Mizusawa Esashi---
Kitakami-25,951 JPY (0.0Y/344.1sq.m)28,605 JPY (0.0Y/412.1sq.m)
Shin-Hanamaki---
Morioka45,303 JPY (0.0Y/390.5sq.m)46,280 JPY (0.0Y/346.0sq.m)50,191 JPY (0.0Y/316.3sq.m)
Iwate-Numakunai--3,058 JPY (0.0Y/425.0sq.m)
Ninohe22,478 JPY (0.0Y/387.1sq.m)19,366 JPY (0.0Y/311.5sq.m)17,000 JPY (0.0Y/400.0sq.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

Ninohe22,478 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Ninohe was 22,478 JPY/sq.m. The market value represents an increase of 3,111 JPY (+16.1%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 387.1 sq.m (a +24.3% increase compared to the 311.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 70.6 min in 2013 and 37.4 min in 2014; -47.0%)

Morioka45,303 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Land of Morioka was 45,303 JPY/sq.m. The market value represents a decrease of 978 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 28 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.5 sq.m (a +12.8% increase compared to the 346.0 sq.m of last year.).


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)