Iwatefunakoshi Land average value

Price 3,794,444 JPY
  (12,656 JPY/sq.m)
- Dist. from Sta. 19.9 min walk
- Property area 314.3 sq.m

The average price of a sq.m Land of Iwate JR Yamada Line Iwatefunakoshi, in 2016 was 14,337 JPY/sq.m. The market value represents an increase of 4,820 JPY (+50.6%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 17 (+283.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 309.6 sq.m (a +6.1% increase compared to the 291.7 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.3 min in 2015 and 12.7 min in 2016; -75.4%)
Data regarding the market value and its changes of Land in Iwatefunakoshi were calculated using data on the sales of 47 properties provided by the MLIT Japan.

Iwatefunakoshi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
船越6,700,000 JPY100,674 JPY/sq.mIwatefunakoshi14 min
船越6,000,000 JPY99,174 JPY/sq.mIwatefunakoshi14 min
船越2,000,000 JPY17,398 JPY/sq.mIwatefunakoshi13 min
船越3,500,000 JPY19,283 JPY/sq.mIwatefunakoshi14 min

JR Yamada Line Railway market report

2017. Jan Jun
 25 tradings
2016. Jan Sep
 240 tradings
2015. Jan Dec
 264 tradings
2014. Jan Dec
 217 tradings
2013. Jan Dec
 515 tradings
--2Q
2
--3Q
65
2Q
110
1Q
65
4Q
52
3Q
72
2Q
62
1Q
78
4Q
50
3Q
59
2Q
43
1Q
65
4Q
160
3Q
153
2Q
114
1Q
88
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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 Iwatefunakoshi 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 Yamada Line Iwatefunakoshi Land that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

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

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Trading data in Iwatefunakoshi

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 less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.3 min in 2015 and 12.7 min in 2016; -75.4%)
The table below shows Land dealt in Iwate JR Yamada Line Iwatefunakoshi, 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 Iwatefunakoshi

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 Yamada Line Unosumai (47) [Stations]4,000,00012,500 yrs20 min320 sq.m
JR Yamada Line Tsugaruishi (54) [Stations]3,650,00011,555 yrs20 min310 sq.m
JR Yamada Line Toyomane (20) [Stations]4,950,00015,151 yrs11 min285 sq.m
JR Yamada Line Orikasa (24) [Stations]5,500,00018,181 yrs14 min320 sq.m
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