Hisatsu Orange Railway Line railway market report

Hisatsu Orange Railway Line Home market overview

The average price of Hisatsu Orange Railway Line (Komenotsu to Sendai) Home, in Jan, 2018 to Mar, 2018 was 75,141 JPY/sq.m. The market value represents an increase of 2,721 JPY (+3.8%) compared to 1 year ago and a transition to a some market. 26 properties exchanged hands ( The market value represents an increase of 9 (+52.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.2 years old (a +6.3% increase compared to the 30.3 years old of last year.). The average size of the real estate was 425.8 sq.m (a +16.6% increase compared to the 365.3 sq.m of last year.). The average total floor space of the real estate was 149.0 sq.m (a +8.1% increase compared to the 137.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving older buildings over 40 years old.

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kamisenndai, Sendai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takaono station, where prices have increased +1900.2% compared to last year; a sq.m unit now costs 66,666 JPY/sq.m.

The top 2 stations has seen prices increase +993.1% (+46,803 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -56.9% (-20,331 JPY/sq.m).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 47.8% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.9 min in 2017 and 38.4 min in 2018; +24.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2017 and 39.1% of total transactions in 2018)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 6.2% of total transactions in 2017 and 4.3% of total transactions in 2018)

Home stations market overview

The average price of Sendai Home, the highest market value along this railway was 129,418 JPY/sq.m. The market value represents an increase of 21,634 JPY (+20.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nodagou Home, the lowest market value along this railway was 8,750 JPY/sq.m. The market value represents a decrease of 5,694 JPY (-39.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Hisatsu Orange Railway Line (Stations Home market overview)
Hisatsu Orange Railway LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Komenotsu---
Izumi90,625 JPYsq.m
(28.017808219178082320sq.m)
122,257 JPYsq.m
(23.266438356164382322sq.m)
38,482 JPYsq.m
(25.019178082191782475sq.m)
Nishiizumi23,520 JPYsq.m
(30.020091324200916440sq.m)
31,579 JPYsq.m
(46.532876712328765440sq.m)
50,000 JPYsq.m
(0.0510sq.m)
Takaono66,666 JPYsq.m
(36.02465753424657480sq.m)
3,333 JPYsq.m
(48.032876712328765980sq.m)
77,598 JPYsq.m
(24.216986301369865615sq.m)
Nodagou8,750 JPYsq.m
(45.03013698630137165sq.m)
14,444 JPYsq.m
(0.0260sq.m)
Origuchi12,090 JPYsq.m
(37.52465753424657710sq.m)
47,059 JPYsq.m
(26.019178082191782200sq.m)
-
Akune29,522 JPYsq.m
(35.35707762557078543sq.m)
35,834 JPYsq.m
(41.02739726027397375sq.m)
71,688 JPYsq.m
(40.02876712328767318sq.m)
Ushinohama---
Satsumaookawa---
Nishikata140,000 JPYsq.m
(0.0220sq.m)
--
Satsumataki---
Kusamichi---
Kamisenndai65,512 JPYsq.m
(47.36529680365297390sq.m)
35,238 JPYsq.m
(29.52054794520548225sq.m)
177,847 JPYsq.m
(22.516438356164382253sq.m)
Sendai129,418 JPYsq.m
(22.157729941291585348sq.m)
107,784 JPYsq.m
(21.014383561643836369sq.m)
71,489 JPYsq.m
(28.187214611872147453sq.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.

Noteworthy stations

Takaono66,666 JPY/sq.m (+1900% compared with the previous year)

The average price of Takaono Home was 66,666 JPY/sq.m. The market value represents an increase of 63,334 JPY (+1900.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.0 years old (a -25.0% decrease compared to the 48.0 years old of last year.). The average size of the real estate was 480.0 sq.m (a -51.0% decrease compared to the 980.0 sq.m of last year.). The average total floor space of the real estate was 130.0 sq.m (a +116.7% increase compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 48.0 years old in 2017 and 36.0 years old in 2018; -25.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Kamisenndai65,512 JPY/sq.m (+86% compared with the previous year)

The average price of Kamisenndai Home was 65,512 JPY/sq.m. The market value represents an increase of 30,273 JPY (+85.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 47.4 years old (a +60.4% increase compared to the 29.5 years old of last year.). The average size of the real estate was 390.0 sq.m (a +73.3% increase compared to the 225.0 sq.m of last year.). The average total floor space of the real estate was 111.7 sq.m (a -6.9% decrease compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.5 years old in 2017 and 47.4 years old in 2018; +60.4%)
  • A dramatic increase in average distance from the station (representing 11.5 min in 2017 and 33.3 min in 2018; +189.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2017 and 66.7% of total transactions in 2018)

Origuchi12,090 JPY/sq.m (-74% compared with the previous year)

The average price of Origuchi Home was 12,090 JPY/sq.m. The market value represents a decrease of 34,968 JPY (-74.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 37.5 years old (a +44.2% increase compared to the 26.0 years old of last year.). The average size of the real estate was 710.0 sq.m (a +255.0% increase compared to the 200.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +70.6% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 26.0 years old in 2017 and 37.5 years old in 2018; +44.2%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2017 and 70.0 min in 2018; +366.7%)

Nodagou8,750 JPY/sq.m (-39% compared with the previous year)

The average price of Nodagou Home was 8,750 JPY/sq.m. The market value represents a decrease of 5,694 JPY (-39.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 165.0 sq.m (a -36.5% decrease compared to the 260.0 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -55.6% decrease compared to the 180.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2017 and 30.0 min in 2018; +2900.0%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
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