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, 2019 to Mar, 2019 was 86,127 JPY/sq.m. The market value represents an increase of 10,987 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 26 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 30.0 years old (a -6.9% decrease compared to the 32.2 years old of last year.). The average size of the real estate was 515.6 sq.m (a +21.1% increase compared to the 425.8 sq.m of last year.). The average total floor space of the real estate was 169.8 sq.m (a +14.0% increase compared to the 149.0 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, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Origuchi, Akune, Kamisenndai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nodagou station, where prices have increased +341.0% compared to last year; a sq.m unit now costs 38,587 JPY/sq.m.

The top 2 stations has seen prices increase +210.6% (+41,178 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -11.5% (-10,490 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 4.3% of total transactions in 2018 and 9.1% of total transactions in 2019)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 39.1% of total transactions in 2018 and 22.7% of total transactions in 2019)

Causes of price decreases

  • An increase in average distance from the station (representing 38.4 min in 2018 and 46.0 min in 2019; +19.6%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 47.8% of total transactions in 2018 and 54.5% of total transactions in 2019)

Home stations market overview

The average price of Sendai Home, the highest market value along this railway was 129,063 JPY/sq.m. The market value represents a decrease of 355 JPY (-0.3%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Origuchi Home, the lowest market value along this railway was 19,488 JPY/sq.m. The market value represents an increase of 7,397 JPY (+61.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

Hisatsu Orange Railway Line (Stations Home market overview)
Hisatsu Orange Railway LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Komenotsu20,000 JPYsq.m
(0.0220sq.m)
--
Izumi70,000 JPYsq.m
(19.01187214611872503sq.m)
90,625 JPYsq.m
(28.017808219178082320sq.m)
122,257 JPYsq.m
(23.266438356164382322sq.m)
Nishiizumi-23,520 JPYsq.m
(30.020091324200916440sq.m)
31,579 JPYsq.m
(46.532876712328765440sq.m)
Takaono-66,666 JPYsq.m
(36.02465753424657480sq.m)
3,333 JPYsq.m
(48.032876712328765980sq.m)
Nodagou38,587 JPYsq.m
(38.52465753424657555sq.m)
8,750 JPYsq.m
(45.03013698630137165sq.m)
14,444 JPYsq.m
(0.0260sq.m)
Origuchi19,488 JPYsq.m
(41.52739726027397792sq.m)
12,090 JPYsq.m
(37.52465753424657710sq.m)
47,059 JPYsq.m
(26.019178082191782200sq.m)
Akune45,612 JPYsq.m
(40.52739726027397900sq.m)
29,522 JPYsq.m
(35.35707762557078543sq.m)
35,834 JPYsq.m
(41.02739726027397375sq.m)
Ushinohama---
Satsumaookawa---
Nishikata-140,000 JPYsq.m
(0.0220sq.m)
-
Satsumataki---
Kusamichi14,444 JPYsq.m
(34.02191780821918310sq.m)
--
Kamisenndai118,030 JPYsq.m
(28.019178082191782455sq.m)
65,512 JPYsq.m
(47.36529680365297390sq.m)
35,238 JPYsq.m
(29.52054794520548225sq.m)
Sendai129,063 JPYsq.m
(27.21753424657534440sq.m)
129,418 JPYsq.m
(22.157729941291585348sq.m)
107,784 JPYsq.m
(21.014383561643836369sq.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

Nodagou38,587 JPY/sq.m (+341% compared with the previous year)

The average price of Nodagou Home was 38,587 JPY/sq.m. The market value represents an increase of 29,837 JPY (+341.0%) 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 38.5 years old (a -14.4% decrease compared to the 45.0 years old of last year.). The average size of the real estate was 555.0 sq.m (a +236.4% increase compared to the 165.0 sq.m of last year.). The average total floor space of the real estate was 297.5 sq.m (a +271.9% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 45.0 years old in 2018 and 38.5 years old in 2019; -14.4%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2018 and 14.5 min in 2019; -51.7%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

Kamisenndai118,030 JPY/sq.m (+80% compared with the previous year)

The average price of Kamisenndai Home was 118,030 JPY/sq.m. The market value represents an increase of 52,519 JPY (+80.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.0 years old (a -40.8% decrease compared to the 47.4 years old of last year.). The average size of the real estate was 455.0 sq.m (a +16.7% increase compared to the 390.0 sq.m of last year.). The average total floor space of the real estate was 142.5 sq.m (a +27.6% increase compared to the 111.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 47.4 years old in 2018 and 28.0 years old in 2019; -40.8%)
  • An decrease in average distance from the station (representing 33.3 min in 2018 and 30.0 min in 2019; -10.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2018 and 50.0% of total transactions in 2019)

Izumi70,000 JPY/sq.m (-23% compared with the previous year)

The average price of Izumi Home was 70,000 JPY/sq.m. The market value represents a decrease of 20,625 JPY (-22.8%) 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 19.0 years old (a -32.1% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 503.3 sq.m (a +57.3% increase compared to the 320.0 sq.m of last year.). The average total floor space of the real estate was 118.3 sq.m (a -34.3% decrease compared to the 180.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.0 years old in 2018 and 19.0 years old in 2019; -32.1%)

Causes of price decreases

  • An increase in average distance from the station (representing 29.0 min in 2018 and 34.3 min in 2019; +18.4%)

Sendai129,063 JPY/sq.m (-0% compared with the previous year)

The average price of Sendai Home was 129,063 JPY/sq.m. The market value represents a decrease of 355 JPY (-0.3%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.2 years old (a +22.8% increase compared to the 22.2 years old of last year.). The average size of the real estate was 440.0 sq.m (a +26.4% increase compared to the 348.1 sq.m of last year.). The average total floor space of the real estate was 198.2 sq.m (a +51.7% increase compared to the 130.6 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2018 and 20.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.2 years old in 2018 and 27.2 years old in 2019; +22.8%)
  • A dramatic increase in average distance from the station (representing 45.4 min in 2018 and 66.2 min in 2019; +45.9%)

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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