JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jan, 2015 to Mar, 2015 was 24,426 JPY/sq.m. The market value represents a decrease of 6,601 JPY (-21.3%) compared to 1 year ago and a transition to a dramatic market. 44 properties exchanged hands ( The market value represents an increase of 8 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 377.2 sq.m (a -1.9% decrease compared to the 384.4 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; 3 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Matsukura station, where prices have decreased -53.6% compared to last year; a sq.m unit now costs 19,869 JPY/sq.m.

The top 1 stations has seen prices increase +472.4% (+39,366 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -53.6% (-22,988 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 50.5 min in 2014 and 58.9 min in 2015; +16.8%)

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 47,699 JPY/sq.m. The market value represents an increase of 39,366 JPY (+472.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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 15,754 JPY/sq.m. The market value represents a decrease of 2,452 JPY (-13.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2015)1 year ago2 years ago
Hanamaki15,754 JPY (0.0Y/265.0sq.m)18,206 JPY (0.0Y/408.3sq.m)22,917 JPY (0.0Y/256.7sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa--12,425 JPY (0.0Y/763.3sq.m)
Haruyama---
Toono10,000 JPY (0.0Y/15.0sq.m)-21,864 JPY (0.0Y/253.3sq.m)
Aozasa---
Iwatekamigou7,288 JPY (0.0Y/590.0sq.m)--
Hirakura--15,853 JPY (0.0Y/410.0sq.m)
Kamiarisu-12,285 JPY (0.0Y/350.0sq.m)11,122 JPY (0.0Y/945.0sq.m)
Dousenn---
Matsukura19,869 JPY (0.0Y/520.0sq.m)42,857 JPY (0.0Y/105.0sq.m)36,250 JPY (0.0Y/690.0sq.m)
Kosano47,699 JPY (0.0Y/175.0sq.m)8,333 JPY (0.0Y/420.0sq.m)37,130 JPY (0.0Y/388.6sq.m)
Kamaishi24,079 JPY (0.0Y/397.0sq.m)35,288 JPY (0.0Y/389.4sq.m)33,971 JPY (0.0Y/396.4sq.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

Kosano47,699 JPY/sq.m (+472% compared with the previous year)

The average price of a sq.m Land of Kosano was 47,699 JPY/sq.m. The market value represents an increase of 39,366 JPY (+472.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 175.0 sq.m (a -58.3% decrease compared to the 420.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.0 min in 2014 and 29.7 min in 2015; +147.2%)

Matsukura19,869 JPY/sq.m (-54% compared with the previous year)

The average price of a sq.m Land of Matsukura was 19,869 JPY/sq.m. The market value represents a decrease of 22,988 JPY (-53.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 520.0 sq.m (a +395.2% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.0 min in 2014 and 14.0 min in 2015; -33.3%)

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)