Iwate JR Ōfunato Line Land market overview [Show ]

The average price of a sq.m Land of Iwate JR JR Ōfunato Line, in 2017 was 22,936 JPY/sq.m. The market value represents an increase of 3,831 JPY (+20.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 92 (-89.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 470.5 sq.m (a +8.1% increase compared to the 435.2 sq.m of last year.).

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

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.0% of total transactions in 2016 and 9.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.4 min in 2016 and 35.2 min in 2017; +50.5%)

The highest Land market value is Oofunato at 36,700 JPY/sq.m. On the other hand, those with the lowest market value is Niitsuki at 3,056 JPY/sq.m.

Data regarding the market value and its changes of Land in JR Ōfunato Line were calculated using data on the sales of 1,370 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Ichinoseki [Land utilization ]11,980,815 JPY28,396 JPY/sq.m
Mataki5,272,222 JPY9,880 JPY/sq.m
Rikuchuukannzaki3,490,870 JPY8,424 JPY/sq.m
Iwanoshita892,500 JPY8,971 JPY/sq.m
Rikuchuumatsukawa8,425,000 JPY6,402 JPY/sq.m
Geibikei2,262,000 JPY8,437 JPY/sq.m
Shibajuku5,372,500 JPY9,510 JPY/sq.m
Surisawa5,966,950 JPY7,854 JPY/sq.m
Sennmaya10,218,044 JPY13,392 JPY/sq.m
Konashi1,755,000 JPY5,326 JPY/sq.m
Orikabe4,493,333 JPY9,149 JPY/sq.m
Niitsuki1,790,000 JPY2,845 JPY/sq.m
Takekoma8,626,708 JPY8,871 JPY/sq.m
Rikuzenntakata5,543,478 JPY17,543 JPY/sq.m
Wakinosawa3,916,207 JPY11,646 JPY/sq.m
Otomo2,982,222 JPY8,484 JPY/sq.m
Hosoura4,404,667 JPY10,986 JPY/sq.m
Shimofunato8,322,222 JPY21,230 JPY/sq.m
Oofunato12,761,905 JPY34,975 JPY/sq.m
Sakari11,557,361 JPY25,806 JPY/sq.m