Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Jan, 2017 to Mar, 2017 was 36,182 JPY/sq.m. The market value represents a decrease of 13,395 JPY (-27.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 34 (-69.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 348.7 sq.m (a -21.2% decrease compared to the 442.6 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.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Ichinoseki 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 +114.2% compared to last year; a sq.m unit now costs 25,881 JPY/sq.m.

The top 1 stations has seen prices increase +114.2% (+13,797 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -52.1% (-40,972 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 30.6 min in 2016 and 34.7 min in 2017; +13.5%)

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 Ichinoseki, the highest market value along this railway was 38,947 JPY/sq.m. The market value represents an increase of 9,665 JPY (+33.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 9 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Iwate-Numakunai, the lowest market value along this railway was 25,881 JPY/sq.m. The market value represents an increase of 13,797 JPY (+114.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2017)1 year ago2 years ago
Ichinoseki38,947 JPY (0.0Y/950.0sq.m)29,282 JPY (0.0Y/344.5sq.m)28,180 JPY (0.0Y/529.6sq.m)
Mizusawa Esashi---
Kitakami-30,834 JPY (0.0Y/257.1sq.m)32,182 JPY (0.0Y/167.5sq.m)
Shin-Hanamaki---
Morioka37,668 JPY (0.0Y/337.9sq.m)78,640 JPY (0.0Y/548.3sq.m)49,489 JPY (0.0Y/381.9sq.m)
Iwate-Numakunai25,881 JPY (0.0Y/112.5sq.m)12,084 JPY (0.0Y/292.5sq.m)46,153 JPY (0.0Y/65.0sq.m)
Ninohe-12,711 JPY (0.0Y/532.0sq.m)24,184 JPY (0.0Y/241.2sq.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

Iwate-Numakunai25,881 JPY/sq.m (+114% compared with the previous year)

The average price of a sq.m Land of Iwate-Numakunai was 25,881 JPY/sq.m. The market value represents an increase of 13,797 JPY (+114.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 112.5 sq.m (a -61.5% decrease compared to the 292.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 95.2 min in 2016 and 42.0 min in 2017; -55.9%)

Morioka37,668 JPY/sq.m (-52% compared with the previous year)

The average price of a sq.m Land of Morioka was 37,668 JPY/sq.m. The market value represents a decrease of 40,972 JPY (-52.1%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 11 (-47.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 337.9 sq.m (a -38.4% decrease compared to the 548.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.7 min in 2016 and 34.1 min in 2017; +22.9%)

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)