JR Kitakami Line Home market overview

The average price of a sq.m Home of JR Kitakami Line (Kitakami to Hottoyuda), in Apr, 2015 to Jun, 2015 was 31,000 JPY/sq.m. The market value represents a decrease of 73,944 JPY (-70.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.6 years old (a +60.7% increase compared to the 22.2 years old of last year.). The average size of the real estate was 863.3 sq.m (a +41.3% increase compared to the 611.1 sq.m of last year.). The average total floor space of the real estate was 167.5 sq.m (a -52.1% decrease compared to the 349.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -88.6% (-92,944 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -88.6% (-92,944 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.7 min in 2014 and 20.0 min in 2015; -40.6%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.2 years old in 2014 and 35.6 years old in 2015; +60.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2014 and 66.7% of total transactions in 2015)

Breakdown of each segment

The table below shows Home dealt in JR Kitakami 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

Home stations market overview

The average price of a sq.m Home of Kitakami, the highest market value along this railway was 12,000 JPY/sq.m. The market value represents a decrease of 92,944 JPY (-88.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kitakami, the lowest market value along this railway was 12,000 JPY/sq.m. The market value represents a decrease of 92,944 JPY (-88.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

JR Kitakami Line (Stations Home market overview)
JR Kitakami LineThis year(2015)1 year ago2 years ago
Kitakami12,000 JPY (43.8Y/495.0sq.m)104,944 JPY (22.2Y/611.1sq.m)122,422 JPY (19.2Y/440.0sq.m)
Yanagihara--73,333 JPY (18.3Y/270.0sq.m)
Eduriko---
Fujine--169,965 JPY (14.6Y/210.0sq.m)
Tatekawame--7,272 JPY (27.8Y/1150.0sq.m)
Yokokawame50,000 JPY (19.3Y/1600.0sq.m)-103,448 JPY (6.3Y/520.0sq.m)
Hottoyuda--13,333 JPY (34.3Y/230.0sq.m)
*Average unit prices per sq.m of Home 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

Kitakami12,000 JPY/sq.m (-89% compared with the previous year)

The average price of a sq.m Home of Kitakami was 12,000 JPY/sq.m. The market value represents a decrease of 92,944 JPY (-88.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 43.8 years old (a +97.6% increase compared to the 22.2 years old of last year.). The average size of the real estate was 495.0 sq.m (a -19.0% decrease compared to the 611.1 sq.m of last year.). The average total floor space of the real estate was 175.0 sq.m (a -49.9% decrease compared to the 349.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.7 min in 2014 and 17.0 min in 2015; -49.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.2 years old in 2014 and 43.8 years old in 2015; +97.6%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2014 and 100.0% of total transactions in 2015)

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)