JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Apr, 2014 to Jun, 2014 was 13,859 JPY/sq.m. The market value represents a decrease of 2,078 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 18 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 396.7 sq.m (a -38.2% decrease compared to the 641.9 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kuji station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Kuji station, where prices have increased +6.9% compared to last year; a sq.m unit now costs 21,153 JPY/sq.m.

The top 1 stations has seen prices increase +6.9% (+1,366 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +6.9% (+1,366 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.9 min in 2013 and 17.0 min in 2014; -67.2%)

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 21,153 JPY/sq.m. The market value represents an increase of 1,366 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kuji, the lowest market value along this railway was 21,153 JPY/sq.m. The market value represents an increase of 1,366 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2014)1 year ago2 years ago
Kadonohama4,666 JPY (0.0Y/600.0sq.m)--
Hiranai---
Taneichi-5,526 JPY (0.0Y/380.0sq.m)24,000 JPY (0.0Y/200.0sq.m)
Tamagawa---
Rikuchuuyagi-7,857 JPY (0.0Y/980.0sq.m)-
Rikuchuunakano---
Samuraihama-10,394 JPY (0.0Y/766.0sq.m)-
Rikuchuunatsui15,757 JPY (0.0Y/330.0sq.m)--
Kuji21,153 JPY (0.0Y/260.0sq.m)19,787 JPY (0.0Y/592.1sq.m)13,175 JPY (0.0Y/538.8sq.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

Kuji21,153 JPY/sq.m (+7% compared with the previous year)

The average price of a sq.m Land of Kuji was 21,153 JPY/sq.m. The market value represents an increase of 1,366 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 260.0 sq.m (a -56.1% decrease compared to the 592.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2013 and 23.0 min in 2014; -23.3%)

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)