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 Dec, 2019 was 80,263 JPY/sq.m. The market value represents a decrease of 6,860 JPY (-7.9%) compared to 1 year ago and a transition to a bear market. 118 properties exchanged hands ( The market value represents an increase of 2 (+1.7%) compared to 1 year ago and a transition to a slight market.).

The average age of the real estate was 29.8 years old (a +2.6% increase compared to the 29.0 years old of last year.). The average size of the real estate was 454.4 sq.m (a -5.6% decrease compared to the 481.2 sq.m of last year.). The average total floor space of the real estate was 179.6 sq.m (a +2.6% increase compared to the 175.1 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 an increase in transactions involving relatively old buildings under 40 years old.

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Izumi, Origuchi 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 +334.0% compared to last year; a sq.m unit now costs 45,725 JPY/sq.m.

The top 2 stations has seen prices increase +191.7% (+20,968 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -33.6% (-20,842 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 25.2% of total transactions in 2018 and 21.7% of total transactions in 2019)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.6% of total transactions in 2018 and 4.2% of total transactions in 2019)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 47.7% of total transactions in 2018 and 55.7% of total transactions in 2019)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 9.3% of total transactions in 2018 and 6.6% of total transactions in 2019)

Home stations market overview

The average price of Sendai Home, the highest market value along this railway was 105,091 JPY/sq.m. The market value represents a decrease of 5,309 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 38 properties exchanged hands ( The market value represents an increase of 2 (+5.6%) compared to 1 year ago and a transition to a strong market.).

The average price of Origuchi Home, the lowest market value along this railway was 20,399 JPY/sq.m. The market value represents an increase of 6,747 JPY (+49.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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.)
Komenotsu36,676 JPYsq.m
(32.9406392694064295sq.m)
41,625 JPYsq.m
(42.12534246575343470sq.m)
40,067 JPYsq.m
(32.99021526418787323sq.m)
Izumi69,966 JPYsq.m
(29.95367372353674474sq.m)
55,811 JPYsq.m
(33.46910197869102445sq.m)
74,282 JPYsq.m
(26.25560032232071348sq.m)
Nishiizumi81,616 JPYsq.m
(24.799657534246574652sq.m)
90,223 JPYsq.m
(23.35890410958904592sq.m)
85,375 JPYsq.m
(29.297534246575342445sq.m)
Takaono97,225 JPYsq.m
(20.348858447488585442sq.m)
84,175 JPYsq.m
(28.52191780821918430sq.m)
31,962 JPYsq.m
(27.77150684931507732sq.m)
Nodagou45,725 JPYsq.m
(36.608219178082194470sq.m)
10,536 JPYsq.m
(36.69315068493151505sq.m)
82,411 JPYsq.m
(17.015068493150686438sq.m)
Origuchi20,399 JPYsq.m
(35.19086757990868752sq.m)
13,652 JPYsq.m
(32.522602739726025602sq.m)
59,355 JPYsq.m
(23.35251141552511607sq.m)
Akune44,949 JPYsq.m
(35.600547945205484619sq.m)
56,996 JPYsq.m
(33.64965753424657639sq.m)
49,206 JPYsq.m
(28.985909980430527488sq.m)
Ushinohama---
Satsumaookawa--41,667 JPYsq.m
(31.526027397260275280sq.m)
Nishikata-101,666 JPYsq.m
(19.265753424657536255sq.m)
-
Satsumataki-20,556 JPYsq.m
(37.276712328767125490sq.m)
-
Kusamichi34,808 JPYsq.m
(30.77123287671233310sq.m)
16,842 JPYsq.m
(33.775342465753425592sq.m)
Kamisenndai96,021 JPYsq.m
(33.587671232876716461sq.m)
119,128 JPYsq.m
(28.748206131767777486sq.m)
126,620 JPYsq.m
(21.69647749510763507sq.m)
Sendai105,091 JPYsq.m
(28.14165124028138355sq.m)
110,400 JPYsq.m
(25.129411764705882419sq.m)
101,304 JPYsq.m
(27.6769012753897416sq.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

Nodagou45,725 JPY/sq.m (+334% compared with the previous year)

The average price of Nodagou Home was 45,725 JPY/sq.m. The market value represents an increase of 35,189 JPY (+334.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.6 years old (a -0.2% decrease compared to the 36.7 years old of last year.). The average size of the real estate was 470.0 sq.m (a -6.9% decrease compared to the 505.0 sq.m of last year.). The average total floor space of the real estate was 215.0 sq.m (a +126.3% increase compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 37.5 min in 2018 and 10.0 min in 2019; -73.3%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2018 and 33.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2018 and 66.7% of total transactions in 2019)

Origuchi20,399 JPY/sq.m (+49% compared with the previous year)

The average price of Origuchi Home was 20,399 JPY/sq.m. The market value represents an increase of 6,747 JPY (+49.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.2 years old (a +8.2% increase compared to the 32.5 years old of last year.). The average size of the real estate was 751.7 sq.m (a +24.8% increase compared to the 602.5 sq.m of last year.). The average total floor space of the real estate was 131.7 sq.m (a -11.2% decrease compared to the 148.3 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2018 and 66.7% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2018 and 33.3% of total transactions in 2019)

Kusamichi34,808 JPY/sq.m (-46% compared with the previous year)

The average price of Kusamichi Home was 34,808 JPY/sq.m. The market value represents a decrease of 29,636 JPY (-46.0%) 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 30.8 years old (a +115.8% increase compared to the 14.3 years old of last year.). The average total floor space of the real estate was 117.5 sq.m (a -13.0% decrease compared to the 135.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 30.0 min in 2018 and 26.5 min in 2019; -11.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.3 years old in 2018 and 30.8 years old in 2019; +115.8%)

Akune44,949 JPY/sq.m (-21% compared with the previous year)

The average price of Akune Home was 44,949 JPY/sq.m. The market value represents a decrease of 12,048 JPY (-21.1%) compared to 1 year ago and a transition to a dramatic 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 35.6 years old (a +5.8% increase compared to the 33.6 years old of last year.). The average size of the real estate was 618.6 sq.m (a -3.1% decrease compared to the 638.8 sq.m of last year.). The average total floor space of the real estate was 176.8 sq.m (a +15.9% increase compared to the 152.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 37.5% of total transactions in 2018 and 30.0% of total transactions in 2019)

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 70.0% of total transactions in 2019)

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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