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 Dec, 2017 was 108,108 JPY/sq.m. The market value represents a decrease of 17,079 JPY (-13.6%) compared to 1 year ago and a transition to a weak market. 75 properties exchanged hands ( The market value represents a decrease of 110 (-59.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 34.7 years old (a +13.8% increase compared to the 30.5 years old of last year.). The average size of the real estate was 312.2 sq.m (a -5.7% decrease compared to the 331.0 sq.m of last year.). The average total floor space of the real estate was 217.6 sq.m (a +6.3% increase compared to the 204.6 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 a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. 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 -52.9% compared to last year; a sq.m unit now costs 60,355 JPY/sq.m.

The top 1 stations has seen prices increase +329.1% (+127,829 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -52.9% (-67,849 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 1.1% of total transactions in 2016 and 1.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 30.5 years old in 2016 and 34.7 years old in 2017; +13.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 32.2% of total transactions in 2016 and 41.8% of total transactions in 2017)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 40.4% of total transactions in 2016 and 43.3% 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 Rikuchuuyamada, the highest market value along this railway was 166,666 JPY/sq.m. The market value represents an increase of 127,829 JPY (+329.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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 67,849 JPY (-52.9%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) 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
Morioka121,946 JPY (33.9Y/306.3sq.m)133,096 JPY (29.2Y/306.7sq.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---
Rikuchuukawai---
Senntoku87,564 JPY (39.9Y/347.5sq.m)168,197 JPY (28.3Y/521.4sq.m)146,973 JPY (32.1Y/491.2sq.m)
Miyako82,786 JPY (36.6Y/285.4sq.m)95,126 JPY (34.5Y/352.4sq.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)
Rikuchuuyamada166,666 JPY (0.0Y/490.0sq.m)38,837 JPY (39.4Y/362.9sq.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)128,204 JPY (36.4Y/460.0sq.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

Rikuchuuyamada166,666 JPY/sq.m (+329% compared with the previous year)

The average price of a sq.m Home of Rikuchuuyamada was 166,666 JPY/sq.m. The market value represents an increase of 127,829 JPY (+329.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 490.0 sq.m (a +35.0% increase compared to the 362.9 sq.m of last year.). The average total floor space of the real estate was 60.0 sq.m (a -33.3% decrease compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.9 min in 2016 and 30.0 min in 2017; +59.1%)

Kamaishi60,355 JPY/sq.m (-53% 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 67,849 JPY (-52.9%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) 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 -2.0% decrease compared to the 36.4 years old of last year.). The average size of the real estate was 315.0 sq.m (a -31.5% decrease compared to the 460.0 sq.m of last year.). The average total floor space of the real estate was 106.7 sq.m (a +8.6% increase compared to the 98.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% 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)