JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Apr, 2016 to Jun, 2016 was 18,182 JPY/sq.m. The market value represents an increase of 4,082 JPY (+28.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 695.6 sq.m (a +36.8% increase compared to the 508.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

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 20% compared to last year. The most dramatic price increase was at Kuji station, where prices have increased +57.8% compared to last year; a sq.m unit now costs 25,048 JPY/sq.m.

The top 1 stations has seen prices increase +57.8% (+9,172 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +57.8% (+9,172 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.6 min in 2015 and 18.7 min in 2016; -63.1%)

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 25,048 JPY/sq.m. The market value represents an increase of 9,172 JPY (+57.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kuji, the lowest market value along this railway was 25,048 JPY/sq.m. The market value represents an increase of 9,172 JPY (+57.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2016)1 year ago2 years ago
Kadonohama--4,666 JPY (0.0Y/600.0sq.m)
Hiranai---
Taneichi---
Tamagawa---
Rikuchuuyagi-3,448 JPY (0.0Y/290.0sq.m)-
Rikuchuunakano---
Samuraihama---
Rikuchuunatsui6,738 JPY (0.0Y/1050.0sq.m)-15,757 JPY (0.0Y/330.0sq.m)
Kuji25,048 JPY (0.0Y/518.3sq.m)15,875 JPY (0.0Y/545.0sq.m)21,153 JPY (0.0Y/260.0sq.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

Kuji25,048 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Land of Kuji was 25,048 JPY/sq.m. The market value represents an increase of 9,172 JPY (+57.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 518.3 sq.m (a -4.9% decrease compared to the 545.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.0 min in 2015 and 15.3 min in 2016; -60.7%)

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)