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 Apr, 2019 to Jun, 2019 was 94,094 JPY/sq.m. The market value represents an increase of 4,318 JPY (+4.8%) compared to 1 year ago and a transition to a some market. 33 properties exchanged hands ( The market value represents an increase of 8 (+32.0%) 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 +5.0% increase compared to the 26.7 years old of last year.). The average size of the real estate was 404.2 sq.m (a -27.5% decrease compared to the 557.6 sq.m of last year.). The average total floor space of the real estate was 164.8 sq.m (a +2.1% increase compared to the 161.5 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.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Izumi, Kamisenndai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiizumi station, where prices have increased +193.4% compared to last year; a sq.m unit now costs 107,182 JPY/sq.m.

The top 2 stations has seen prices increase +110.4% (+41,430 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -9.2% (-9,896 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2018 and 16.1% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 44.0% of total transactions in 2018 and 58.1% of total transactions in 2019)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 16.0% of total transactions in 2018 and 9.7% of total transactions in 2019)

Home stations market overview

The average price of Sendai Home, the highest market value along this railway was 124,134 JPY/sq.m. The market value represents a decrease of 15,960 JPY (-11.4%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents an increase of 5 (+55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Komenotsu Home, the lowest market value along this railway was 33,750 JPY/sq.m. The market value represents an increase of 1,250 JPY (+3.8%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands (It was the same as last year.).

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.)
Komenotsu33,750 JPYsq.m
(38.276712328767125350sq.m)
32,500 JPYsq.m
(37.776712328767125240sq.m)
43,986 JPYsq.m
(25.26986301369863255sq.m)
Izumi56,657 JPYsq.m
(34.273972602739725440sq.m)
44,444 JPYsq.m
(33.273972602739725220sq.m)
29,984 JPYsq.m
(37.778082191780825376sq.m)
Nishiizumi107,182 JPYsq.m
(21.264840182648403613sq.m)
36,534 JPYsq.m
(38.778082191780825800sq.m)
48,000 JPYsq.m
(24.268493150684932485sq.m)
Takaono64,584 JPYsq.m
(28.76986301369863565sq.m)
-43,077 JPYsq.m
(20.767123287671232640sq.m)
Nodagou--72,381 JPYsq.m
(43.28219178082192490sq.m)
Origuchi-16,774 JPYsq.m
(26.268493150684932280sq.m)
-
Akune50,455 JPYsq.m
(39.61187214611872403sq.m)
54,286 JPYsq.m
(47.28493150684932300sq.m)
57,313 JPYsq.m
(19.765753424657536560sq.m)
Ushinohama---
Satsumaookawa---
Nishikata-63,333 JPYsq.m
(19.265753424657536290sq.m)
-
Satsumataki-20,556 JPYsq.m
(37.276712328767125490sq.m)
-
Kusamichi--
Kamisenndai120,362 JPYsq.m
(44.28219178082192595sq.m)
98,376 JPYsq.m
(38.47780821917808665sq.m)
396,129 JPYsq.m
(1.2534246575342465630sq.m)
Sendai124,134 JPYsq.m
(21.908610567514675291sq.m)
140,094 JPYsq.m
(13.371689497716895649sq.m)
92,157 JPYsq.m
(31.148972602739725363sq.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

Nishiizumi107,182 JPY/sq.m (+193% compared with the previous year)

The average price of Nishiizumi Home was 107,182 JPY/sq.m. The market value represents an increase of 70,648 JPY (+193.4%) 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 21.3 years old (a -45.2% decrease compared to the 38.8 years old of last year.). The average size of the real estate was 613.3 sq.m (a -23.3% decrease compared to the 800.0 sq.m of last year.). The average total floor space of the real estate was 176.7 sq.m (a -52.9% decrease compared to the 375.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 38.8 years old in 2018 and 21.3 years old in 2019; -45.2%)
  • A dramatic decrease in average distance from the station (representing 22.5 min in 2018 and 17.3 min in 2019; -23.0%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 66.7% of total transactions in 2019)

Izumi56,657 JPY/sq.m (+27% compared with the previous year)

The average price of Izumi Home was 56,657 JPY/sq.m. The market value represents an increase of 12,213 JPY (+27.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 34.3 years old (a +3.0% increase compared to the 33.3 years old of last year.). The average size of the real estate was 440.0 sq.m (a +100.0% increase compared to the 220.0 sq.m of last year.). The average total floor space of the real estate was 182.1 sq.m (a +102.4% increase compared to the 90.0 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 2018 and 71.4% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2018 and 23.0 min in 2019; +283.3%)

Sendai124,134 JPY/sq.m (-11% compared with the previous year)

The average price of Sendai Home was 124,134 JPY/sq.m. The market value represents a decrease of 15,960 JPY (-11.4%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents an increase of 5 (+55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.9 years old (a +63.8% increase compared to the 13.4 years old of last year.). The average size of the real estate was 291.2 sq.m (a -55.1% decrease compared to the 648.9 sq.m of last year.). The average total floor space of the real estate was 193.9 sq.m (a +17.5% increase compared to the 165.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.4 years old in 2018 and 21.9 years old in 2019; +63.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2018 and 64.3% of total transactions in 2019)

Akune50,455 JPY/sq.m (-7% compared with the previous year)

The average price of Akune Home was 50,455 JPY/sq.m. The market value represents a decrease of 3,831 JPY (-7.1%) compared to 1 year ago and a transition to a bear 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 39.6 years old (a -16.2% decrease compared to the 47.3 years old of last year.). The average size of the real estate was 403.3 sq.m (a +34.4% increase compared to the 300.0 sq.m of last year.). The average total floor space of the real estate was 91.7 sq.m (a +31.0% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 47.3 years old in 2018 and 39.6 years old in 2019; -16.2%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2018 and 66.7% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2018 and 19.3 min in 2019; +383.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
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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