JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Jan, 2013 to Dec, 2013 was 15,818 JPY/sq.m. The market value represents an increase of 1,715 JPY (+12.2%) compared to 1 year ago and a transition to a bull market. 62 properties exchanged hands ( The market value represents an increase of 22 (+55.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 531.3 sq.m (a +30.1% increase compared to the 408.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Rikuchuunatsui station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Samuraihama station, where prices have increased +136.9% compared to last year; a sq.m unit now costs 10,394 JPY/sq.m.

The top 2 stations has seen prices increase +102.9% (+5,171 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.4% (-4,897 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.7 min in 2012 and 35.3 min in 2013; +27.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.0% of total transactions in 2012 and 3.2% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Hachinohe Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Land stations market overview

The average price of a sq.m Land of Kuji, the highest market value along this railway was 18,708 JPY/sq.m. The market value represents an increase of 2,167 JPY (+13.1%) compared to 1 year ago and a transition to a bull market. 44 properties exchanged hands ( The market value represents an increase of 15 (+51.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hiranai, the lowest market value along this railway was 2,666 JPY/sq.m. The market value represents a decrease of 6,767 JPY (-71.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2013)1 year ago2 years ago
Kadonohama4,687 JPY (0.0Y/320.0sq.m)5,000 JPY (0.0Y/600.0sq.m)-
Hiranai2,666 JPY (0.0Y/1500.0sq.m)9,433 JPY (0.0Y/530.0sq.m)-
Taneichi10,056 JPY (0.0Y/1126.7sq.m)13,083 JPY (0.0Y/613.3sq.m)8,930 JPY (0.0Y/473.3sq.m)
Tamagawa---
Rikuchuuyagi8,019 JPY (0.0Y/655.0sq.m)--
Rikuchuunakano-1,250 JPY (0.0Y/160.0sq.m)-
Samuraihama10,394 JPY (0.0Y/766.0sq.m)4,388 JPY (0.0Y/180.0sq.m)6,190 JPY (0.0Y/210.0sq.m)
Rikuchuunatsui10,622 JPY (0.0Y/507.5sq.m)6,286 JPY (0.0Y/325.0sq.m)14,062 JPY (0.0Y/1160.0sq.m)
Kuji18,708 JPY (0.0Y/454.8sq.m)16,541 JPY (0.0Y/404.5sq.m)20,452 JPY (0.0Y/838.1sq.m)
*Average unit prices per sq.m of Land 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.
Top

Noteworthy stations

Samuraihama10,394 JPY/sq.m (+137% compared with the previous year)

The average price of a sq.m Land of Samuraihama was 10,394 JPY/sq.m. The market value represents an increase of 6,006 JPY (+136.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 766.0 sq.m (a +325.6% increase compared to the 180.0 sq.m of last year.).

Rikuchuunatsui10,622 JPY/sq.m (+69% compared with the previous year)

The average price of a sq.m Land of Rikuchuunatsui was 10,622 JPY/sq.m. The market value represents an increase of 4,336 JPY (+69.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 507.5 sq.m (a +56.2% increase compared to the 325.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.2 min in 2012 and 35.8 min in 2013; +76.5%)

Hiranai2,666 JPY/sq.m (-72% compared with the previous year)

The average price of a sq.m Land of Hiranai was 2,666 JPY/sq.m. The market value represents a decrease of 6,767 JPY (-71.7%) 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 1500.0 sq.m (a +183.0% increase compared to the 530.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2012 and 90.0 min in 2013; +462.5%)

Taneichi10,056 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Taneichi was 10,056 JPY/sq.m. The market value represents a decrease of 3,027 JPY (-23.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1126.7 sq.m (a +83.7% increase compared to the 613.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.0 min in 2012 and 49.3 min in 2013; +29.8%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)