JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jan, 2014 to Mar, 2014 was 31,027 JPY/sq.m. The market value represents an increase of 1,003 JPY (+3.3%) compared to 1 year ago and a transition to a some market. 36 properties exchanged hands ( The market value represents a decrease of 39 (-52.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 384.4 sq.m (a -3.5% decrease compared to the 398.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kamiarisu, Matsukura station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Matsukura station, where prices have increased +18.2% compared to last year; a sq.m unit now costs 42,857 JPY/sq.m.

The top 1 stations has seen prices increase +18.2% (+6,608 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -77.6% (-28,797 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 36.0 min in 2013 and 50.5 min in 2014; +40.2%)

Breakdown of each segment

The table below shows Land dealt in JR Kamaishi 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 Matsukura, the highest market value along this railway was 42,857 JPY/sq.m. The market value represents an increase of 6,608 JPY (+18.2%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kosano, the lowest market value along this railway was 8,333 JPY/sq.m. The market value represents a decrease of 28,797 JPY (-77.6%) compared to 1 year ago and a transition to a dramatic 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 Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2014)1 year ago2 years ago
Hanamaki18,206 JPY (0.0Y/408.3sq.m)22,917 JPY (0.0Y/256.7sq.m)20,202 JPY (0.0Y/417.5sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada--8,620 JPY (0.0Y/580.0sq.m)
Tsuchizawa-12,425 JPY (0.0Y/763.3sq.m)15,161 JPY (0.0Y/443.3sq.m)
Haruyama---
Toono-21,864 JPY (0.0Y/253.3sq.m)12,317 JPY (0.0Y/380.0sq.m)
Aozasa---
Iwatekamigou--9,090 JPY (0.0Y/550.0sq.m)
Hirakura-15,853 JPY (0.0Y/410.0sq.m)-
Kamiarisu12,285 JPY (0.0Y/350.0sq.m)11,122 JPY (0.0Y/945.0sq.m)5,600 JPY (0.0Y/125.0sq.m)
Dousenn--16,009 JPY (0.0Y/246.7sq.m)
Matsukura42,857 JPY (0.0Y/105.0sq.m)36,250 JPY (0.0Y/690.0sq.m)41,462 JPY (0.0Y/203.8sq.m)
Kosano8,333 JPY (0.0Y/420.0sq.m)37,130 JPY (0.0Y/388.6sq.m)54,054 JPY (0.0Y/185.0sq.m)
Kamaishi35,288 JPY (0.0Y/389.4sq.m)33,971 JPY (0.0Y/396.4sq.m)22,465 JPY (0.0Y/345.7sq.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

Matsukura42,857 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Land of Matsukura was 42,857 JPY/sq.m. The market value represents an increase of 6,608 JPY (+18.2%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 105.0 sq.m (a -84.8% decrease compared to the 690.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.5 min in 2013 and 21.0 min in 2014; +20.0%)

Kosano8,333 JPY/sq.m (-78% compared with the previous year)

The average price of a sq.m Land of Kosano was 8,333 JPY/sq.m. The market value represents a decrease of 28,797 JPY (-77.6%) compared to 1 year ago and a transition to a dramatic 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 420.0 sq.m (a +8.1% increase compared to the 388.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.9 min in 2013 and 12.0 min in 2014; -33.1%)

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)