JR Hanawa Line Land market overview

The average price of a sq.m Land of JR Hanawa Line (Kouma to Arayashinnmachi), in Apr, 2013 to Jun, 2013 was 6,326 JPY/sq.m. The market value represents a decrease of 8,362 JPY (-56.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 647.5 sq.m (a +90.4% increase compared to the 340.0 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -25.9% (-3,839 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.3% (-6,184 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.7 min in 2012 and 27.3 min in 2013; +64.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2012 and 16.7% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Hanawa 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 Tairadate, the highest market value along this railway was 10,975 JPY/sq.m. The market value represents a decrease of 3,839 JPY (-25.9%) 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 price of a sq.m Land of Oobuke, the lowest market value along this railway was 8,440 JPY/sq.m. The market value represents a decrease of 6,184 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Hanawa Line (Stations Land market overview)
JR Hanawa LineThis year(2013)1 year ago2 years ago
Kouma4,656 JPY (0.0Y/570.0sq.m)-10,571 JPY (0.0Y/70.0sq.m)
Oobuke8,440 JPY (0.0Y/977.5sq.m)14,625 JPY (0.0Y/375.0sq.m)4,530 JPY (0.0Y/202.5sq.m)
Tairadate10,975 JPY (0.0Y/410.0sq.m)14,814 JPY (0.0Y/270.0sq.m)-
Kitamori789 JPY (0.0Y/380.0sq.m)--
Matsuohachimanntai--4,477 JPY (0.0Y/670.0sq.m)
Akasakata---
Arayashinnmachi---
*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

Tairadate10,975 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Tairadate was 10,975 JPY/sq.m. The market value represents a decrease of 3,839 JPY (-25.9%) 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 410.0 sq.m (a +51.9% increase compared to the 270.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2012 and 3.0 min in 2013; -81.2%)

Oobuke8,440 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Oobuke was 8,440 JPY/sq.m. The market value represents a decrease of 6,184 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 977.5 sq.m (a +160.7% increase compared to the 375.0 sq.m of last year.).


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)