Kitakami Land average value

Price 9,453,608 JPY
  (26,401 JPY/sq.m)
- Dist. from Sta. 23.6 min walk
- Property area 451.2 sq.m

The average price of a sq.m Land of Iwate JR Kitakami Line Kitakami, in 2017 was 18,408 JPY/sq.m. The market value represents a decrease of 12,676 JPY (-40.8%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 21 (-55.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 604.7 sq.m (a +55.8% increase compared to the 388.2 sq.m of last year.).

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

Causes of price decreases

  • An increase in average distance from the station (representing 21.6 min in 2016 and 25.9 min in 2017; +19.8%)
Data regarding the market value and its changes of Land in Kitakami were calculated using data on the sales of 497 properties provided by the MLIT Japan.

Kitakami Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
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
里分8,000,000 JPY139,190 JPY/sq.mKitakami28 min
立花2,000,000 JPY50,856 JPY/sq.mKitakami28 min
上野町7,600,000 JPY119,636 JPY/sq.mKitakami28 min
上野町13,000,000 JPY99,940 JPY/sq.mKitakami28 min
柳原町17,000,000 JPY117,078 JPY/sq.mKitakami28 min
上野町5,000,000 JPY86,992 JPY/sq.mKitakami28 min
上野町6,000,000 JPY76,284 JPY/sq.mKitakami28 min
上野町5,500,000 JPY64,932 JPY/sq.mKitakami28 min
さくら通り12,000,000 JPY188,899 JPY/sq.mKitakami29 min
里分21,000,000 JPY84,658 JPY/sq.mKitakami27 min
小鳥崎5,000,000 JPY53,319 JPY/sq.mKitakami27 min
常盤台5,500,000 JPY134,678 JPY/sq.mKitakami29 min
柳原町7,400,000 JPY139,785 JPY/sq.mKitakami29 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

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.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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- 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 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

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

1. Iwate Kitakami-Shi 立花Kitakami-Shi Kitakami 28.0 min walk)
, Area: 260 sq.m
- Trading date: 2009-09-01T00:00:00Z

Trading price:   4,300,000 JPY,    Unit price:   16,538 JPY/sq.m

2. Iwate Kitakami-Shi 上野町Kitakami-Shi Kitakami 28.0 min walk)
, Area: 260 sq.m
- Trading date: 2015-06-01T00:00:00Z

Trading price:   6,000,000 JPY,    Unit price:   23,076 JPY/sq.m

3. Iwate Kitakami-Shi 上野町Kitakami-Shi Kitakami 28.0 min walk)
, Area: 280 sq.m
- Trading date: 2015-09-01T00:00:00Z

Trading price:   5,500,000 JPY,    Unit price:   19,642 JPY/sq.m

4. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 27.0 min walk)
, Area: 260 sq.m
- Trading date: 2011-03-01T00:00:00Z

Trading price:   8,700,000 JPY,    Unit price:   33,461 JPY/sq.m

5. Iwate Kitakami-Shi 上野町Kitakami-Shi Kitakami 29.0 min walk)
, Area: 260 sq.m
- Trading date: 2015-06-01T00:00:00Z

Trading price:   5,000,000 JPY,    Unit price:   19,230 JPY/sq.m

6. Iwate Kitakami-Shi 鳩岡崎Kitakami-Shi Kitakami 30.0 min walk)
, Area: 270 sq.m
- Trading date: 2007-12-01T00:00:00Z

Trading price:   4,000,000 JPY,    Unit price:   14,814 JPY/sq.m

7. Iwate Kitakami-Shi 立花Kitakami-Shi Kitakami 30.0 min walk)
, Area: 250 sq.m
- Trading date: 2008-06-01T00:00:00Z

Trading price:   4,500,000 JPY,    Unit price:   18,000 JPY/sq.m

8. Iwate Kitakami-Shi 上野町Kitakami-Shi Kitakami 30.0 min walk)
, Area: 250 sq.m
- Trading date: 2008-09-01T00:00:00Z

Trading price:   8,500,000 JPY,    Unit price:   34,000 JPY/sq.m

9. Iwate Kitakami-Shi 鬼柳町Kitakami-Shi Kitakami 30.0 min walk)
, Area: 280 sq.m
- Trading date: 2008-09-01T00:00:00Z

Trading price:   3,800,000 JPY,    Unit price:   13,571 JPY/sq.m

10. Iwate Kitakami-Shi さくら通りKitakami-Shi Kitakami 30.0 min walk)
, Area: 260 sq.m
- Trading date: 2008-09-01T00:00:00Z

Trading price:   9,900,000 JPY,    Unit price:   38,076 JPY/sq.m

11. Iwate Kitakami-Shi 柳原町Kitakami-Shi Kitakami 30.0 min walk)
, Area: 250 sq.m
- Trading date: 2008-09-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   44,000 JPY/sq.m

12. Iwate Kitakami-Shi さくら通りKitakami-Shi Kitakami 30.0 min walk)
, Area: 260 sq.m
- Trading date: 2008-12-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   42,307 JPY/sq.m

13. Iwate Kitakami-Shi 大堤西Kitakami-Shi Kitakami 30.0 min walk)
, Area: 260 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   7,500,000 JPY,    Unit price:   28,846 JPY/sq.m

14. Iwate Kitakami-Shi 柳原町Kitakami-Shi Kitakami 30.0 min walk)
, Area: 240 sq.m
- Trading date: 2009-03-01T00:00:00Z

Trading price:   11,000,000 JPY,    Unit price:   45,833 JPY/sq.m

15. Iwate Kitakami-Shi 黒沢尻Kitakami-Shi Kitakami 26.0 min walk)
, Area: 260 sq.m
- Trading date: 2009-06-01T00:00:00Z

Trading price:   9,500,000 JPY,    Unit price:   36,538 JPY/sq.m

16. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 30.0 min walk)
, Area: 240 sq.m
- Trading date: 2009-09-01T00:00:00Z

Trading price:   9,600,000 JPY,    Unit price:   40,000 JPY/sq.m

17. Iwate Kitakami-Shi 町分Kitakami-Shi Kitakami 30.0 min walk)
, Area: 260 sq.m
- Trading date: 2009-09-01T00:00:00Z

Trading price:   4,000,000 JPY,    Unit price:   15,384 JPY/sq.m

18. Iwate Kitakami-Shi 上野町Kitakami-Shi Kitakami 30.0 min walk)
, Area: 270 sq.m
- Trading date: 2010-03-01T00:00:00Z

Trading price:   8,200,000 JPY,    Unit price:   30,370 JPY/sq.m

19. Iwate Kitakami-Shi 上野町Kitakami-Shi Kitakami 30.0 min walk)
, Area: 250 sq.m
- Trading date: 2010-03-01T00:00:00Z

Trading price:   8,300,000 JPY,    Unit price:   33,200 JPY/sq.m

20. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 30.0 min walk)
, Area: 270 sq.m
- Trading date: 2010-06-01T00:00:00Z

Trading price:   7,200,000 JPY,    Unit price:   26,666 JPY/sq.m

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- 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:   Touch:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

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

Causes of price decreases

  • An increase in average distance from the station (representing 21.6 min in 2016 and 25.9 min in 2017; +19.8%)
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 (693) [Stations]6,000,00023,204 yrs24 min270 sq.m
    JR Kitakami Line Yanagihara (21) [Stations]7,000,00031,578 yrs10 min210 sq.m
    JR Kitakami Line Eduriko (63) [Stations]6,600,00019,230 yrs12 min350 sq.m
    JR Kitakami Line Fujine (56) [Stations]4,000,00011,597 yrs12 min325 sq.m
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