JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Apr, 2014 to Jun, 2014 was 17,893 JPY/sq.m. The market value represents a decrease of 6,977 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents a decrease of 47 (-66.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 521.0 sq.m (a +52.1% increase compared to the 342.5 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kosano station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Kosano station, where prices have increased +9.8% compared to last year; a sq.m unit now costs 43,676 JPY/sq.m.

The top 1 stations has seen prices increase +9.8% (+3,907 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -46.4% (-13,387 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 52.6 min in 2013 and 85.9 min in 2014; +63.4%)

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 Kosano, the highest market value along this railway was 43,676 JPY/sq.m. The market value represents an increase of 3,907 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kamaishi, the lowest market value along this railway was 15,437 JPY/sq.m. The market value represents a decrease of 13,387 JPY (-46.4%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 17 (-43.6%) 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
Hanamaki-19,641 JPY (0.0Y/395.7sq.m)12,449 JPY (0.0Y/476.9sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa-3,500 JPY (0.0Y/140.0sq.m)-
Haruyama---
Toono-22,222 JPY (0.0Y/270.0sq.m)22,743 JPY (0.0Y/459.0sq.m)
Aozasa-9,066 JPY (0.0Y/620.0sq.m)-
Iwatekamigou---
Hirakura---
Kamiarisu--12,643 JPY (0.0Y/870.0sq.m)
Dousenn-1,153 JPY (0.0Y/260.0sq.m)22,142 JPY (0.0Y/280.0sq.m)
Matsukura-25,526 JPY (0.0Y/380.0sq.m)27,457 JPY (0.0Y/520.0sq.m)
Kosano43,676 JPY (0.0Y/290.0sq.m)39,768 JPY (0.0Y/315.0sq.m)-
Kamaishi15,437 JPY (0.0Y/542.0sq.m)28,824 JPY (0.0Y/307.3sq.m)38,252 JPY (0.0Y/266.2sq.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

Kosano43,676 JPY/sq.m (+10% compared with the previous year)

The average price of a sq.m Land of Kosano was 43,676 JPY/sq.m. The market value represents an increase of 3,907 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a -7.9% decrease compared to the 315.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2013 and 7.5 min in 2014; -50.0%)

Kamaishi15,437 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 15,437 JPY/sq.m. The market value represents a decrease of 13,387 JPY (-46.4%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 17 (-43.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 542.0 sq.m (a +76.4% increase compared to the 307.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 75.2 min in 2013 and 93.0 min in 2014; +23.8%)

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)