Kitakami Land average value

Price 8,455,752 JPY
  (28,400 JPY/sq.m)
- Dist. from Sta. 23.4 min walk
- Property area 339.2 sq.m

The average price of a sq.m Land of Iwate JR Kitakami Line Kitakami, in 2016 was 31,085 JPY/sq.m. The market value represents an increase of 5,306 JPY (+20.6%) compared to 1 year ago and a transition to a dramatic market. 38 properties exchanged hands ( The market value represents an increase of 12 (+46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 388.2 sq.m (a +26.5% increase compared to the 306.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.5% of total transactions in 2015 and 2.6% of total transactions in 2016)
Data regarding the market value and its changes of Land in Kitakami were calculated using data on the sales of 464 properties provided by the MLIT Japan.

Kitakami Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
里分21,000,000 JPY84,658 JPY/sq.mKitakami27 min
小鳥崎5,000,000 JPY53,319 JPY/sq.mKitakami27 min
里分8,700,000 JPY110,615 JPY/sq.mKitakami27 min
里分7,200,000 JPY125,269 JPY/sq.mKitakami27 min
里分7,000,000 JPY118,668 JPY/sq.mKitakami27 min
里分9,500,000 JPY136,542 JPY/sq.mKitakami27 min
鬼柳町10,000,000 JPY84,764 JPY/sq.mKitakami27 min
中野町6,500,000 JPY148,188 JPY/sq.mKitakami26 min
鍛冶町12,000,000 JPY220,383 JPY/sq.mKitakami26 min
中野町10,000,000 JPY150,261 JPY/sq.mKitakami26 min
黒沢尻9,500,000 JPY120,787 JPY/sq.mKitakami26 min
里分9,000,000 JPY148,760 JPY/sq.mKitakami26 min
里分5,700,000 JPY110,840 JPY/sq.mKitakami28 min
立花4,300,000 JPY54,671 JPY/sq.mKitakami28 min
柳原町13,000,000 JPY110,192 JPY/sq.mKitakami28 min
中野町6,000,000 JPY110,192 JPY/sq.mKitakami26 min
里分8,000,000 JPY139,190 JPY/sq.mKitakami28 min
立花2,000,000 JPY50,856 JPY/sq.mKitakami28 min
黒沢尻14,000,000 JPY107,630 JPY/sq.mKitakami26 min
黒沢尻8,100,000 JPY116,420 JPY/sq.mKitakami26 min

JR Kitakami Line Railway market report

2017 2016. Jan Sep
 47 tradings
2015. Jan Dec
 31 tradings
2014. Jan Dec
 41 tradings
2013. Jan Dec
 90 tradings
-3Q
18
2Q
19
1Q
10
4Q
10
3Q
9
2Q
6
1Q
6
4Q
7
3Q
10
2Q
12
1Q
12
4Q
25
3Q
28
2Q
17
1Q
20
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
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Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate Kitakami Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Iwate JR Kitakami Line Kitakami Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Kitakami

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.5% of total transactions in 2015 and 2.6% of total transactions in 2016)
The table below shows Land dealt in Iwate JR Kitakami Line Kitakami, 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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Area close to the price in Kitakami

The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
JR JR Kitakami Line (654) [Stations]6,000,00025,565 yrs23 min250 sq.m
JR Kitakami Line Yanagihara (21) [Stations]7,000,00031,578 yrs10 min210 sq.m
JR Kitakami Line Eduriko (60) [Stations]6,550,00019,422 yrs12 min325 sq.m
JR Kitakami Line Fujine (55) [Stations]4,000,00011,944 yrs12 min330 sq.m
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