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 Dec, 2015 was 22,559 JPY/sq.m. The market value represents a decrease of 1,882 JPY (-7.7%) compared to 1 year ago and a transition to a bear market. 152 properties exchanged hands ( The market value represents an increase of 20 (+15.2%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 421.9 sq.m (a +8.0% increase compared to the 390.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki, Toono station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Toono station, where prices have increased +14.1% compared to last year; a sq.m unit now costs 18,537 JPY/sq.m.

The top 1 stations has seen prices increase +14.1% (+2,297 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -38.4% (-10,393 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:

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Land stations market overview

The average price of a sq.m Land of Kosano, the highest market value along this railway was 38,791 JPY/sq.m. The market value represents a decrease of 6,559 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Matsukura, the lowest market value along this railway was 16,693 JPY/sq.m. The market value represents a decrease of 10,393 JPY (-38.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

JR Kamaishi Line (Stations Land market overview)
JR Kamaishi LineThis year(2015)1 year ago2 years ago
Hanamaki18,672 JPY (0.0Y/512.4sq.m)16,639 JPY (0.0Y/368.9sq.m)17,395 JPY (0.0Y/392.7sq.m)
Nitanai---
Shin-Hanamaki---
Oyamada---
Tsuchizawa-16,296 JPY (0.0Y/570.0sq.m)10,957 JPY (0.0Y/510.8sq.m)
Haruyama6,206 JPY (0.0Y/140.0sq.m)--
Toono18,537 JPY (0.0Y/661.5sq.m)16,240 JPY (0.0Y/417.5sq.m)19,643 JPY (0.0Y/429.6sq.m)
Aozasa--7,466 JPY (0.0Y/663.3sq.m)
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)11,633 JPY (0.0Y/1242.0sq.m)
Dousenn38,787 JPY (0.0Y/165.0sq.m)-19,812 JPY (0.0Y/273.3sq.m)
Matsukura16,693 JPY (0.0Y/640.0sq.m)27,086 JPY (0.0Y/273.3sq.m)31,859 JPY (0.0Y/820.0sq.m)
Kosano38,791 JPY (0.0Y/186.4sq.m)45,350 JPY (0.0Y/285.0sq.m)37,293 JPY (0.0Y/348.0sq.m)
Kamaishi24,580 JPY (0.0Y/364.8sq.m)26,990 JPY (0.0Y/402.8sq.m)30,513 JPY (0.0Y/312.7sq.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.
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Noteworthy stations

Toono18,537 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Toono was 18,537 JPY/sq.m. The market value represents an increase of 2,297 JPY (+14.1%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents an increase of 6 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 661.5 sq.m (a +58.4% increase compared to the 417.5 sq.m of last year.).

Matsukura16,693 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Matsukura was 16,693 JPY/sq.m. The market value represents a decrease of 10,393 JPY (-38.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 640.0 sq.m (a +134.1% increase compared to the 273.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 18.0 min in 2014 and 15.7 min in 2015; -13.0%)

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)