JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Kadonohama to Kuji), in Jan, 2017 to Mar, 2017 was 17,420 JPY/sq.m. The market value represents a decrease of 95 JPY (-0.5%) compared to 1 year ago and a transition to a slight market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 427.9 sq.m (a +59.0% increase compared to the 269.1 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.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kuji station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Kuji station, where prices have decreased -9.8% compared to last year; a sq.m unit now costs 16,911 JPY/sq.m.

The top 1 stations has seen prices increase -9.8% (-1,845 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.8% (-1,845 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2016 and 16.4 min in 2017; -31.5%)

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 16,911 JPY/sq.m. The market value represents a decrease of 1,845 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) 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 16,911 JPY/sq.m. The market value represents a decrease of 1,845 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2017)1 year ago2 years ago
Kadonohama---
Hiranai---
Taneichi20,476 JPY (0.0Y/210.0sq.m)-10,204 JPY (0.0Y/490.0sq.m)
Tamagawa---
Rikuchuuyagi---
Rikuchuunakano---
Samuraihama---
Rikuchuunatsui-11,933 JPY (0.0Y/162.5sq.m)-
Kuji16,911 JPY (0.0Y/464.2sq.m)18,757 JPY (0.0Y/292.8sq.m)15,238 JPY (0.0Y/682.5sq.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

Kuji16,911 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Kuji was 16,911 JPY/sq.m. The market value represents a decrease of 1,845 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 464.2 sq.m (a +58.5% increase compared to the 292.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.6 min in 2016 and 18.0 min in 2017; -32.2%)

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)