JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jul, 2015 to Sep, 2015 was 16,643 JPY/sq.m. The market value represents a decrease of 7,523 JPY (-31.1%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents a decrease of 18 (-34.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 363.1 sq.m (a +3.3% increase compared to the 351.7 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; 2 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Hanamaki station, where prices have increased +7.3% compared to last year; a sq.m unit now costs 15,224 JPY/sq.m.

The top 1 stations has seen prices increase +7.3% (+1,041 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -37.6% (-10,343 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 55.4 min in 2014 and 71.7 min in 2015; +29.4%)

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 Kamaishi, the highest market value along this railway was 17,202 JPY/sq.m. The market value represents a decrease of 10,343 JPY (-37.6%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 14 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Toono, the lowest market value along this railway was 10,759 JPY/sq.m. The market value represents a decrease of 5,481 JPY (-33.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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
Hanamaki15,224 JPY (0.0Y/382.9sq.m)14,183 JPY (0.0Y/335.4sq.m)12,889 JPY (0.0Y/475.0sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa-25,925 JPY (0.0Y/810.0sq.m)5,739 JPY (0.0Y/115.0sq.m)
Haruyama---
Toono10,759 JPY (0.0Y/237.5sq.m)16,240 JPY (0.0Y/417.5sq.m)17,372 JPY (0.0Y/603.6sq.m)
Aozasa--4,266 JPY (0.0Y/750.0sq.m)
Iwatekamigou---
Hirakura---
Kamiarisu---
Dousenn38,787 JPY (0.0Y/165.0sq.m)-32,800 JPY (0.0Y/250.0sq.m)
Matsukura-19,200 JPY (0.0Y/357.5sq.m)-
Kosano-85,714 JPY (0.0Y/140.0sq.m)48,852 JPY (0.0Y/160.0sq.m)
Kamaishi17,202 JPY (0.0Y/372.8sq.m)27,545 JPY (0.0Y/342.0sq.m)23,167 JPY (0.0Y/355.4sq.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

Hanamaki15,224 JPY/sq.m (+7% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 15,224 JPY/sq.m. The market value represents an increase of 1,041 JPY (+7.3%) compared to 1 year ago and a transition to a strong market. 14 properties exchanged hands ( The market value represents an increase of 1 (+7.7%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 382.9 sq.m (a +14.2% increase compared to the 335.4 sq.m of last year.).

Kamaishi17,202 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 17,202 JPY/sq.m. The market value represents a decrease of 10,343 JPY (-37.6%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 14 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 372.8 sq.m (a +9.0% increase compared to the 342.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 75.6 min in 2014 and 112.1 min in 2015; +48.2%)

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)