JR Yamada Line Home market overview

The average price of a sq.m Home of JR Yamada Line (Morioka to Kamaishi), in Jan, 2017 to Jun, 2017 was 81,968 JPY/sq.m. The market value represents a decrease of 43,530 JPY (-34.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 114 (-83.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.9 years old (a +11.1% increase compared to the 29.6 years old of last year.). The average size of the real estate was 246.5 sq.m (a -27.4% decrease compared to the 339.6 sq.m of last year.). The average total floor space of the real estate was 224.8 sq.m (a +6.1% increase compared to the 211.9 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 relatively old buildings under 40 years old.

0 stations have experienced increased prices; 4 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -29.8% (-37,994 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -92.0% (-157,512 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 1.5% of total transactions in 2016 and 4.3% of total transactions in 2017)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2016 and 4.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 29.6 years old in 2016 and 32.9 years old in 2017; +11.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • An increase in transactions involving older buildings over 40 years old (representing 30.5% of total transactions in 2016 and 35.0% of total transactions in 2017)

Breakdown of each segment

The table below shows Home 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

Home stations market overview

The average price of a sq.m Home of Morioka, the highest market value along this railway was 89,384 JPY/sq.m. The market value represents a decrease of 37,994 JPY (-29.8%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 79 (-81.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Senntoku, the lowest market value along this railway was 13,636 JPY/sq.m. The market value represents a decrease of 157,512 JPY (-92.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Home market overview)
JR Yamada LineThis year(2017)1 year ago2 years ago
Morioka89,384 JPY (31.6Y/244.7sq.m)127,378 JPY (29.2Y/322.8sq.m)108,367 JPY (29.8Y/333.8sq.m)
Kamimorioka---
Yamagishi-23,690 JPY (37.3Y/220.0sq.m)103,030 JPY (21.5Y/185.0sq.m)
Kamiyonai---
Senntoku13,636 JPY (45.0Y/220.0sq.m)171,148 JPY (31.0Y/282.5sq.m)146,973 JPY (32.1Y/491.2sq.m)
Miyako64,058 JPY (35.0Y/240.0sq.m)123,115 JPY (27.4Y/448.9sq.m)112,311 JPY (24.8Y/289.4sq.m)
Sokei---
Tsugaruishi--33,333 JPY (41.0Y/200.0sq.m)
Toyomane-43,478 JPY (33.3Y/760.0sq.m)121,356 JPY (15.5Y/777.5sq.m)
Rikuchuuyamada-46,490 JPY (39.4Y/386.7sq.m)82,716 JPY (36.3Y/203.8sq.m)
Orikasa-183,333 JPY (15.8Y/216.2sq.m)-
Iwatefunakoshi-28,571 JPY (0.0Y/181.7sq.m)96,250 JPY (19.5Y/390.0sq.m)
Ootsuchi---
Unosumai---
Kamaishi52,631 JPY (38.3Y/282.5sq.m)136,787 JPY (33.2Y/464.5sq.m)141,071 JPY (32.5Y/299.5sq.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

Morioka89,384 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Home of Morioka was 89,384 JPY/sq.m. The market value represents a decrease of 37,994 JPY (-29.8%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 79 (-81.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.6 years old (a +8.2% increase compared to the 29.2 years old of last year.). The average size of the real estate was 244.7 sq.m (a -24.2% decrease compared to the 322.8 sq.m of last year.). The average total floor space of the real estate was 240.8 sq.m (a +4.3% increase compared to the 231.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.5% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A some increase in transactions involving older buildings over 40 years old (representing 29.1% of total transactions in 2016 and 31.2% of total transactions in 2017)

Senntoku13,636 JPY/sq.m (-92% compared with the previous year)

The average price of a sq.m Home of Senntoku was 13,636 JPY/sq.m. The market value represents a decrease of 157,512 JPY (-92.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 45.0 years old (a +45.4% increase compared to the 31.0 years old of last year.). The average size of the real estate was 220.0 sq.m (a -22.1% decrease compared to the 282.5 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a -7.4% decrease compared to the 118.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 31.0 years old in 2016 and 45.0 years old in 2017; +45.4%)
  • An increase in average distance from the station (representing 20.2 min in 2016 and 23.0 min in 2017; +13.6%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2016 and 100.0% 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)