JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Oct, 2015 to Dec, 2015 was 23,636 JPY/sq.m. The market value represents an increase of 2,458 JPY (+11.6%) compared to 1 year ago and a transition to a bull market. 35 properties exchanged hands ( The market value represents an increase of 16 (+84.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 367.4 sq.m (a +6.0% increase compared to the 346.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 1 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 +32.0% compared to last year; a sq.m unit now costs 24,443 JPY/sq.m.

The top 1 stations has seen prices increase +32.0% (+5,927 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -24.8% (-7,553 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 54.4 min in 2014 and 44.5 min in 2015; -18.2%)

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 Hanamaki, the highest market value along this railway was 24,443 JPY/sq.m. The market value represents an increase of 5,927 JPY (+32.0%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kamaishi, the lowest market value along this railway was 22,914 JPY/sq.m. The market value represents a decrease of 7,553 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) 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
Hanamaki24,443 JPY (0.0Y/437.3sq.m)18,516 JPY (0.0Y/384.2sq.m)15,205 JPY (0.0Y/406.5sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa-6,666 JPY (0.0Y/330.0sq.m)19,230 JPY (0.0Y/520.0sq.m)
Haruyama6,206 JPY (0.0Y/140.0sq.m)--
Toono29,302 JPY (0.0Y/523.8sq.m)--
Aozasa---
Iwatekamigou---
Hirakura---
Kamiarisu--12,144 JPY (0.0Y/1440.0sq.m)
Dousenn--25,483 JPY (0.0Y/310.0sq.m)
Matsukura10,340 JPY (0.0Y/880.0sq.m)-29,411 JPY (0.0Y/1170.0sq.m)
Kosano45,618 JPY (0.0Y/192.5sq.m)-29,295 JPY (0.0Y/367.0sq.m)
Kamaishi22,914 JPY (0.0Y/282.9sq.m)30,467 JPY (0.0Y/252.0sq.m)35,568 JPY (0.0Y/232.4sq.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

Hanamaki24,443 JPY/sq.m (+32% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 24,443 JPY/sq.m. The market value represents an increase of 5,927 JPY (+32.0%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 437.3 sq.m (a +13.8% increase compared to the 384.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.2 min in 2014 and 21.6 min in 2015; -32.9%)

Kamaishi22,914 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 22,914 JPY/sq.m. The market value represents a decrease of 7,553 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 282.9 sq.m (a +12.3% increase compared to the 252.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2014 and 93.8 min in 2015; -21.9%)

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)