JR Yamada Line Iwate 2017-FY
Home market report

JR Yamada Line railway market report

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 Sep, 2017 was 100,787 JPY/sq.m. The market value represents a decrease of 24,711 JPY (-19.7%) compared to 1 year ago and a transition to a weak market. 62 properties exchanged hands ( The market value represents a decrease of 75 (-54.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.9 years old (a +21.1% increase compared to the 29.6 years old of last year.). The average size of the real estate was 317.0 sq.m (a -6.6% decrease compared to the 339.6 sq.m of last year.). The average total floor space of the real estate was 232.6 sq.m (a +9.8% 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 older buildings over 40 years old, as well as an 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. Morioka station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Kamaishi station, where prices have decreased -55.9% compared to last year; a sq.m unit now costs 60,355 JPY/sq.m.

The top 1 stations has seen prices increase -9.1% (-11,582 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.9% (-76,432 JPY/sq.m).

Cause of price increases

  • An 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 3.2% of total transactions in 2017)
  • An 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 1.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.6 years old in 2016 and 35.9 years old in 2017; +21.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 30.5% of total transactions in 2016 and 41.1% of total transactions in 2017)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2016 and 46.4% 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Morioka, the highest market value along this railway was 115,797 JPY/sq.m. The market value represents a decrease of 11,582 JPY (-9.1%) compared to 1 year ago and a transition to a bear market. 43 properties exchanged hands ( The market value represents a decrease of 54 (-55.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kamaishi, the lowest market value along this railway was 60,355 JPY/sq.m. The market value represents a decrease of 76,432 JPY (-55.9%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) 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
Morioka115,797 JPY (34.6Y/321.7sq.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---
Senntoku87,564 JPY (39.9Y/347.5sq.m)171,148 JPY (31.0Y/282.5sq.m)146,973 JPY (32.1Y/491.2sq.m)
Miyako61,216 JPY (42.5Y/233.6sq.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---
Kamaishi60,355 JPY (35.7Y/315.0sq.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.

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Noteworthy stations

Morioka115,797 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Home of Morioka was 115,797 JPY/sq.m. The market value represents a decrease of 11,582 JPY (-9.1%) compared to 1 year ago and a transition to a bear market. 43 properties exchanged hands ( The market value represents a decrease of 54 (-55.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 34.6 years old (a +18.5% increase compared to the 29.2 years old of last year.). The average size of the real estate was 321.7 sq.m (a -0.3% decrease compared to the 322.8 sq.m of last year.). The average total floor space of the real estate was 273.8 sq.m (a +18.5% increase compared to the 231.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 29.2 years old in 2016 and 34.6 years old in 2017; +18.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 29.1% of total transactions in 2016 and 41.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 15.2% of total transactions in 2016 and 5.1% of total transactions in 2017)

Kamaishi60,355 JPY/sq.m (-56% compared with the previous year)

The average price of a sq.m Home of Kamaishi was 60,355 JPY/sq.m. The market value represents a decrease of 76,432 JPY (-55.9%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.7 years old (a +7.3% increase compared to the 33.2 years old of last year.). The average size of the real estate was 315.0 sq.m (a -32.2% decrease compared to the 464.5 sq.m of last year.). The average total floor space of the real estate was 106.7 sq.m (a +14.3% increase compared to the 93.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 44.4% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 76.9 min in 2016 and 89.9 min in 2017; +16.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 22.2% of total transactions in 2016 and 60.0% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

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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)