Kitakami Land average value

Price 8,523,364 JPY
  (27,297 JPY/sq.m)
- Dist. from Sta. 23.5 min walk
- Property area 381.0 sq.m

The average price of a sq.m Land of Iwate JR Kitakami Line Kitakami, in 2017 was 17,016 JPY/sq.m. The market value represents a decrease of 14,068 JPY (-45.3%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 22 (-57.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 625.0 sq.m (a +61.0% 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 25.6 min in 2017; +18.6%)
Data regarding the market value and its changes of Land in Kitakami were calculated using data on the sales of 480 properties provided by the MLIT Japan.

Kitakami Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
鍛冶町8,000,000 JPY135,620 JPY/sq.mKitakami25 min
花園町6,500,000 JPY74,093 JPY/sq.mKitakami25 min
柳原町12,000,000 JPY104,390 JPY/sq.mKitakami25 min
立花2,300,000 JPY23,038 JPY/sq.mKitakami25 min
立花8,100,000 JPY27,045 JPY/sq.mKitakami25 min
里分5,700,000 JPY94,215 JPY/sq.mKitakami25 min
里分6,000,000 JPY101,716 JPY/sq.mKitakami25 min
立花4,300,000 JPY76,836 JPY/sq.mKitakami25 min
二子町1,200,000 JPY34,493 JPY/sq.mKitakami25 min
中野町18,000,000 JPY156,588 JPY/sq.mKitakami25 min
里分6,700,000 JPY100,674 JPY/sq.mKitakami25 min
鍛冶町7,000,000 JPY85,702 JPY/sq.mKitakami25 min
里分7,200,000 JPY108,188 JPY/sq.mKitakami25 min
里分6,700,000 JPY25,167 JPY/sq.mKitakami25 min
里分8,400,000 JPY25,243 JPY/sq.mKitakami25 min
中野町6,500,000 JPY148,188 JPY/sq.mKitakami26 min
里分7,600,000 JPY114,198 JPY/sq.mKitakami24 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
中野町12,000,000 JPY104,390 JPY/sq.mKitakami24 min

JR Kitakami Line Railway market report

2018 2017 2016. Jan - Sep
 47 tradings
2015. Jan - Dec
 31 tradings
2014. Jan - Dec
 41 tradings
-3Q
18
2Q
19
1Q
10
4Q
10
3Q
9
2Q
6
1Q
6
4Q
7
3Q
10
2Q
12
1Q
12

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:
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

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

Related sales({{similarlist.length}})

1. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 25.0 min walk)
, Area: 220 sq.m
- Trading date: 2013-09-01T00:00:00Z
Trading price:   6,700,000 JPY,    Unit price:   30,454 JPY/sq.m
2. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 25.0 min walk)
, Area: 220 sq.m
- Trading date: 2015-03-01T00:00:00Z
Trading price:   7,200,000 JPY,    Unit price:   32,727 JPY/sq.m
3. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 24.0 min walk)
, Area: 220 sq.m
- Trading date: 2008-03-01T00:00:00Z
Trading price:   7,600,000 JPY,    Unit price:   34,545 JPY/sq.m
4. Iwate Kitakami-Shi 中野町Kitakami-Shi Kitakami 26.0 min walk)
, Area: 220 sq.m
- Trading date: 2008-12-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   45,454 JPY/sq.m
5. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 24.0 min walk)
, Area: 250 sq.m
- Trading date: 2009-06-01T00:00:00Z
Trading price:   5,000,000 JPY,    Unit price:   20,000 JPY/sq.m
6. Iwate Kitakami-Shi 中野町Kitakami-Shi Kitakami 24.0 min walk)
, Area: 250 sq.m
- Trading date: 2011-03-01T00:00:00Z
Trading price:   7,100,000 JPY,    Unit price:   28,400 JPY/sq.m
7. Iwate Kitakami-Shi 黒沢尻Kitakami-Shi Kitakami 26.0 min walk)
, Area: 230 sq.m
- Trading date: 2011-12-01T00:00:00Z
Trading price:   8,100,000 JPY,    Unit price:   35,217 JPY/sq.m
8. Iwate Kitakami-Shi 本通りKitakami-Shi Kitakami 26.0 min walk)
, Area: 210 sq.m
- Trading date: 2012-12-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   47,619 JPY/sq.m
9. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 24.0 min walk)
, Area: 240 sq.m
- Trading date: 2013-03-01T00:00:00Z
Trading price:   6,500,000 JPY,    Unit price:   27,083 JPY/sq.m
10. Iwate Kitakami-Shi 本通りKitakami-Shi Kitakami 24.0 min walk)
, Area: 240 sq.m
- Trading date: 2007-09-01T00:00:00Z
Trading price:   7,300,000 JPY,    Unit price:   30,416 JPY/sq.m
11. Iwate Kitakami-Shi 本通りKitakami-Shi Kitakami 24.0 min walk)
, Area: 240 sq.m
- Trading date: 2013-12-01T00:00:00Z
Trading price:   8,500,000 JPY,    Unit price:   35,416 JPY/sq.m
12. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 23.0 min walk)
, Area: 210 sq.m
- Trading date: 2009-09-01T00:00:00Z
Trading price:   8,300,000 JPY,    Unit price:   39,523 JPY/sq.m
13. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 23.0 min walk)
, Area: 220 sq.m
- Trading date: 2009-12-01T00:00:00Z
Trading price:   9,600,000 JPY,    Unit price:   43,636 JPY/sq.m
14. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 23.0 min walk)
, Area: 220 sq.m
- Trading date: 2010-03-01T00:00:00Z
Trading price:   9,300,000 JPY,    Unit price:   42,272 JPY/sq.m
15. Iwate Kitakami-Shi 中野町Kitakami-Shi Kitakami 23.0 min walk)
, Area: 220 sq.m
- Trading date: 2010-09-01T00:00:00Z
Trading price:   9,200,000 JPY,    Unit price:   41,818 JPY/sq.m
16. Iwate Kitakami-Shi 里分Kitakami-Shi Kitakami 27.0 min walk)
, Area: 230 sq.m
- Trading date: 2012-09-01T00:00:00Z
Trading price:   9,500,000 JPY,    Unit price:   41,304 JPY/sq.m
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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:   Touch:

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 25.6 min in 2017; +18.6%)
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 (671) [Stations]6,000,00024,466 yrs24 min250 sq.m
    JR Kitakami Line Yanagihara (21) [Stations]7,000,00031,578 yrs10 min210 sq.m
    JR Kitakami Line Eduriko (61) [Stations]6,600,00019,615 yrs12 min330 sq.m
    JR Kitakami Line Fujine (55) [Stations]4,000,00011,944 yrs12 min330 sq.m
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