JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jul, 2014 to Sep, 2014 was 24,167 JPY/sq.m. The market value represents an increase of 2,875 JPY (+13.5%) compared to 1 year ago and a transition to a bull market. 53 properties exchanged hands ( The market value represents a decrease of 26 (-32.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 351.7 sq.m (a -10.6% decrease compared to the 393.3 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.

4 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 20% compared to last year. The most dramatic price increase was at Tsuchizawa station, where prices have increased +351.7% compared to last year; a sq.m unit now costs 25,925 JPY/sq.m.

The top 1 stations has seen prices increase +351.7% (+20,186 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.5% (-1,132 JPY/sq.m).



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 85,714 JPY/sq.m. The market value represents an increase of 36,862 JPY (+75.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hanamaki, the lowest market value along this railway was 14,183 JPY/sq.m. The market value represents an increase of 1,294 JPY (+10.0%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents a decrease of 2 (-13.3%) compared to 1 year ago and a transition to a weak market.).

JR Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2014)1 year ago2 years ago
Hanamaki14,183 JPY (0.0Y/335.4sq.m)12,889 JPY (0.0Y/475.0sq.m)21,573 JPY (0.0Y/432.2sq.m)
Nitanai---
Shin-Hanamaki--17,500 JPY (0.0Y/400.0sq.m)
Oyamada---
Tsuchizawa25,925 JPY (0.0Y/810.0sq.m)5,739 JPY (0.0Y/115.0sq.m)-
Haruyama---
Toono16,240 JPY (0.0Y/417.5sq.m)17,372 JPY (0.0Y/603.6sq.m)14,951 JPY (0.0Y/425.0sq.m)
Aozasa-4,266 JPY (0.0Y/750.0sq.m)-
Iwatekamigou---
Hirakura---
Kamiarisu--5,215 JPY (0.0Y/415.0sq.m)
Dousenn-32,800 JPY (0.0Y/250.0sq.m)24,242 JPY (0.0Y/330.0sq.m)
Matsukura19,200 JPY (0.0Y/357.5sq.m)--
Kosano85,714 JPY (0.0Y/140.0sq.m)48,852 JPY (0.0Y/160.0sq.m)-
Kamaishi27,545 JPY (0.0Y/342.0sq.m)23,167 JPY (0.0Y/355.4sq.m)39,909 JPY (0.0Y/414.2sq.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

Tsuchizawa25,925 JPY/sq.m (+352% compared with the previous year)

The average price of a sq.m Land of Tsuchizawa was 25,925 JPY/sq.m. The market value represents an increase of 20,186 JPY (+351.7%) 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 810.0 sq.m (a +604.3% increase compared to the 115.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2013 and 8.0 min in 2014; +33.3%)

Toono16,240 JPY/sq.m (-7% compared with the previous year)

The average price of a sq.m Land of Toono was 16,240 JPY/sq.m. The market value represents a decrease of 1,132 JPY (-6.5%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 417.5 sq.m (a -30.8% decrease compared to the 603.6 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)