JR Yamada Line Apartment market overview

The average price of a sq.m Apartment of JR Yamada Line (Morioka to Kamimorioka), in Jan, 2017 to Jun, 2017 was 206,164 JPY/sq.m. The market value represents a decrease of 13,832 JPY (-6.3%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents a decrease of 55 (-85.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.7 years old (a +13.2% increase compared to the 20.9 years old of last year.). The average size of the real estate was 68.3 sq.m (a +26.2% increase compared to the 54.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving older buildings over 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Morioka station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Morioka station, where prices have decreased -8.4% compared to last year; a sq.m unit now costs 201,577 JPY/sq.m.

The top 1 stations has seen prices increase -8.4% (-18,419 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.4% (-18,419 JPY/sq.m).


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 1.6% of total transactions in 2016 and 11.1% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.4% of total transactions in 2016 and 42.9% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 20.9 years old in 2016 and 23.7 years old in 2017; +13.2%)
  • An increase in average distance from the station (representing 17.3 min in 2016 and 19.7 min in 2017; +13.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 1.9% of total transactions in 2016 and 14.3% of total transactions in 2017)

Breakdown of each segment

The table below shows Apartment dealt in JR Yamada Line, 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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Morioka, the highest market value along this railway was 201,577 JPY/sq.m. The market value represents a decrease of 18,419 JPY (-8.4%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 56 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Morioka, the lowest market value along this railway was 201,577 JPY/sq.m. The market value represents a decrease of 18,419 JPY (-8.4%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 56 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Apartment market overview)
JR Yamada LineThis year(2017)1 year ago2 years ago
Morioka201,577 JPY (24.2Y/68.1sq.m)219,996 JPY (20.9Y/54.1sq.m)188,827 JPY (24.4Y/51.9sq.m)
Kamimorioka242,857 JPY (20.3Y/70.0sq.m)-231,794 JPY (16.3Y/70.0sq.m)
*Average unit prices per sq.m of Apartment at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Top

Noteworthy stations

Morioka201,577 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Apartment of Morioka was 201,577 JPY/sq.m. The market value represents a decrease of 18,419 JPY (-8.4%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 56 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.2 years old (a +15.9% increase compared to the 20.9 years old of last year.). The average size of the real estate was 68.1 sq.m (a +25.8% increase compared to the 54.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.4% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 20.9 years old in 2016 and 24.2 years old in 2017; +15.9%)
  • A dramatic increase in average distance from the station (representing 17.3 min in 2016 and 22.0 min in 2017; +27.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 1.9% of total transactions in 2016 and 16.7% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)