Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Jan, 2015 to Mar, 2015 was 39,226 JPY/sq.m. The market value represents an increase of 490 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 47 properties exchanged hands ( The market value represents an increase of 8 (+20.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 388.9 sq.m (a -7.9% decrease compared to the 422.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

4 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Ninohe station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwate-Numakunai station, where prices have increased +2086.3% compared to last year; a sq.m unit now costs 46,153 JPY/sq.m.

The top 1 stations has seen prices increase +2086.3% (+44,042 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.0% (-2,581 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 36.1 min in 2014 and 30.3 min in 2015; -15.9%)

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:

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Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 49,489 JPY/sq.m. The market value represents a decrease of 2,581 JPY (-5.0%) compared to 1 year ago and a transition to a some market. 24 properties exchanged hands ( The market value represents an increase of 5 (+26.3%) 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 24,184 JPY/sq.m. The market value represents an increase of 5,704 JPY (+30.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2015)1 year ago2 years ago
Ichinoseki28,180 JPY (0.0Y/529.6sq.m)26,270 JPY (0.0Y/525.0sq.m)31,197 JPY (0.0Y/322.4sq.m)
Mizusawa Esashi---
Kitakami32,182 JPY (0.0Y/167.5sq.m)29,713 JPY (0.0Y/217.1sq.m)28,257 JPY (0.0Y/767.7sq.m)
Shin-Hanamaki---
Morioka49,489 JPY (0.0Y/381.9sq.m)52,071 JPY (0.0Y/332.9sq.m)44,509 JPY (0.0Y/481.8sq.m)
Iwate-Numakunai46,153 JPY (0.0Y/65.0sq.m)2,111 JPY (0.0Y/450.0sq.m)10,937 JPY (0.0Y/640.0sq.m)
Ninohe24,184 JPY (0.0Y/241.2sq.m)18,480 JPY (0.0Y/1150.0sq.m)19,041 JPY (0.0Y/380.0sq.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.
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Noteworthy stations

Iwate-Numakunai46,153 JPY/sq.m (+2086% compared with the previous year)

The average price of a sq.m Land of Iwate-Numakunai was 46,153 JPY/sq.m. The market value represents an increase of 44,042 JPY (+2086.3%) 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 65.0 sq.m (a -85.6% decrease compared to the 450.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2014 and 24.0 min in 2015; -80.0%)

Morioka49,489 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Land of Morioka was 49,489 JPY/sq.m. The market value represents a decrease of 2,581 JPY (-5.0%) compared to 1 year ago and a transition to a some market. 24 properties exchanged hands ( The market value represents an increase of 5 (+26.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 381.9 sq.m (a +14.7% increase compared to the 332.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 38.4 min in 2014 and 33.5 min in 2015; -12.7%)

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)