JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Oct, 2014 to Dec, 2014 was 21,177 JPY/sq.m. The market value represents a decrease of 8,229 JPY (-28.0%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 78 (-80.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.6 sq.m (a +1.1% increase compared to the 342.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hanamaki station, where prices have increased +21.8% compared to last year; a sq.m unit now costs 18,516 JPY/sq.m.

The top 1 stations has seen prices increase +21.8% (+3,311 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -65.3% (-12,564 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 40.2 min in 2013 and 54.4 min in 2014; +35.3%)

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 Kamaishi, the highest market value along this railway was 30,467 JPY/sq.m. The market value represents a decrease of 5,101 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 56 (-91.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsuchizawa, the lowest market value along this railway was 6,666 JPY/sq.m. The market value represents a decrease of 12,564 JPY (-65.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2014)1 year ago2 years ago
Hanamaki18,516 JPY (0.0Y/384.2sq.m)15,205 JPY (0.0Y/406.5sq.m)19,852 JPY (0.0Y/167.9sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa6,666 JPY (0.0Y/330.0sq.m)19,230 JPY (0.0Y/520.0sq.m)-
Haruyama---
Toono--19,784 JPY (0.0Y/586.2sq.m)
Aozasa---
Iwatekamigou---
Hirakura---
Kamiarisu-12,144 JPY (0.0Y/1440.0sq.m)40,833 JPY (0.0Y/120.0sq.m)
Dousenn-25,483 JPY (0.0Y/310.0sq.m)30,106 JPY (0.0Y/215.0sq.m)
Matsukura-29,411 JPY (0.0Y/1170.0sq.m)41,024 JPY (0.0Y/243.6sq.m)
Kosano-29,295 JPY (0.0Y/367.0sq.m)35,041 JPY (0.0Y/232.5sq.m)
Kamaishi30,467 JPY (0.0Y/252.0sq.m)35,568 JPY (0.0Y/232.4sq.m)27,609 JPY (0.0Y/347.0sq.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

Hanamaki18,516 JPY/sq.m (+22% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 18,516 JPY/sq.m. The market value represents an increase of 3,311 JPY (+21.8%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 11 (-45.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 384.2 sq.m (a -5.5% decrease compared to the 406.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 27.5 min in 2013 and 32.2 min in 2014; +17.2%)

Tsuchizawa6,666 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Tsuchizawa was 6,666 JPY/sq.m. The market value represents a decrease of 12,564 JPY (-65.3%) 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 330.0 sq.m (a -36.5% decrease compared to the 520.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2013 and 15.0 min in 2014; +1400.0%)

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)