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, 2020 to Jun, 2020 was 110,190 JPY/sq.m. The market value represents an increase of 16,095 JPY (+17.1%) compared to 1 year ago and a transition to a bull market. 16 properties exchanged hands ( The market value represents a decrease of 17 (-51.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.8 years old (a -15.0% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 443.1 sq.m (a +9.6% increase compared to the 404.2 sq.m of last year.). The average total floor space of the real estate was 147.5 sq.m (a -10.5% decrease compared to the 164.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

4 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Nishiizumi, Takaono 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 +41.9% compared to last year; a sq.m unit now costs 91,667 JPY/sq.m.

The top 1 stations has seen prices increase +41.9% (+27,084 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -1.6% (-2,047 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 28.0 years old in 2019 and 23.8 years old in 2020; -15.0%)
  • A dramatic decrease in average distance from the station (representing 34.3 min in 2019 and 23.6 min in 2020; -31.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 9.7% of total transactions in 2019 and 18.8% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 58.1% of total transactions in 2019 and 43.8% of total transactions in 2020)

Home stations market overview

The average price of Kamisenndai Home, the highest market value along this railway was 141,705 JPY/sq.m. The market value represents an increase of 21,343 JPY (+17.7%) compared to 1 year ago and a transition to a bull 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 price of Komenotsu Home, the lowest market value along this railway was 38,055 JPY/sq.m. The market value represents an increase of 4,305 JPY (+12.8%) compared to 1 year ago and a transition to a bull 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Komenotsu38,055 JPYsq.m
(35.776712328767125560sq.m)
33,750 JPYsq.m
(38.276712328767125350sq.m)
32,500 JPYsq.m
(37.776712328767125240sq.m)
Izumi-56,657 JPYsq.m
(34.273972602739725440sq.m)
44,444 JPYsq.m
(33.273972602739725220sq.m)
Nishiizumi136,932 JPYsq.m
(18.765753424657536345sq.m)
107,182 JPYsq.m
(21.264840182648403613sq.m)
36,534 JPYsq.m
(38.778082191780825800sq.m)
Takaono91,667 JPYsq.m
(15.2630136986301381,300sq.m)
64,584 JPYsq.m
(28.76986301369863565sq.m)
-
Nodagou---
Origuchi--16,774 JPYsq.m
(26.268493150684932280sq.m)
Akune-50,455 JPYsq.m
(39.61187214611872403sq.m)
54,286 JPYsq.m
(47.28493150684932300sq.m)
Ushinohama---
Satsumaookawa---
Nishikata--63,333 JPYsq.m
(19.265753424657536290sq.m)
Satsumataki--20,556 JPYsq.m
(37.276712328767125490sq.m)
Kusamichi41,667 JPYsq.m
(61.295890410958904450sq.m)
-
Kamisenndai141,705 JPYsq.m
(24.269406392694066380sq.m)
120,362 JPYsq.m
(44.28219178082192595sq.m)
98,376 JPYsq.m
(38.47780821917808665sq.m)
Sendai122,087 JPYsq.m
(17.55068493150685341sq.m)
124,134 JPYsq.m
(21.908610567514675291sq.m)
140,094 JPYsq.m
(13.371689497716895649sq.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

Takaono91,667 JPY/sq.m (+42% compared with the previous year)

The average price of Takaono Home was 91,667 JPY/sq.m. The market value represents an increase of 27,084 JPY (+41.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.3 years old (a -46.9% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 1300.0 sq.m (a +130.1% increase compared to the 565.0 sq.m of last year.). The average total floor space of the real estate was 240.0 sq.m (a +159.5% increase compared to the 92.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.8 years old in 2019 and 15.3 years old in 2020; -46.9%)

Causes of price decreases

  • An increase in average distance from the station (representing 22.0 min in 2019 and 26.0 min in 2020; +18.2%)

Sendai122,087 JPY/sq.m (-2% compared with the previous year)

The average price of Sendai Home was 122,087 JPY/sq.m. The market value represents a decrease of 2,047 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 7 properties exchanged hands ( The market value represents a decrease of 7 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.6 years old (a -19.9% decrease compared to the 21.9 years old of last year.). The average size of the real estate was 341.4 sq.m (a +17.3% increase compared to the 291.2 sq.m of last year.). The average total floor space of the real estate was 167.9 sq.m (a -13.4% decrease compared to the 193.9 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 21.9 years old in 2019 and 17.6 years old in 2020; -19.9%)
  • A dramatic decrease in average distance from the station (representing 50.2 min in 2019 and 21.4 min in 2020; -57.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 64.3% of total transactions in 2019 and 42.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 21.4% of total transactions in 2019 and 14.3% of total transactions in 2020)

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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