JR Kamaishi Line Land market overview

The average price of a sq.m Land of JR Kamaishi Line (Hanamaki to Kamaishi), in Jan, 2016 to Dec, 2016 was 21,313 JPY/sq.m. The market value represents a decrease of 1,246 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 196 properties exchanged hands ( The market value represents an increase of 44 (+28.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 413.2 sq.m (a -2.1% decrease compared to the 421.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Matsukura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsukura station, where prices have increased +37.5% compared to last year; a sq.m unit now costs 22,946 JPY/sq.m.

The top 2 stations has seen prices increase +21.0% (+3,552 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.2% (-3,137 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:

Top

Land stations market overview

The average price of a sq.m Land of Kosano, the highest market value along this railway was 39,759 JPY/sq.m. The market value represents an increase of 968 JPY (+2.5%) compared to 1 year ago and a transition to a slight market. 15 properties exchanged hands ( The market value represents an increase of 8 (+114.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Haruyama, the lowest market value along this railway was 3,142 JPY/sq.m. The market value represents a decrease of 3,064 JPY (-49.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-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(2016)1 year ago2 years ago
Hanamaki19,523 JPY (0.0Y/466.2sq.m)18,672 JPY (0.0Y/512.4sq.m)16,639 JPY (0.0Y/368.9sq.m)
Nitanai---
Shin-Hanamaki13,186 JPY (0.0Y/910.0sq.m)--
Oyamada---
Tsuchizawa9,059 JPY (0.0Y/256.0sq.m)-16,296 JPY (0.0Y/570.0sq.m)
Haruyama3,142 JPY (0.0Y/35.0sq.m)6,206 JPY (0.0Y/140.0sq.m)-
Toono17,640 JPY (0.0Y/564.0sq.m)18,537 JPY (0.0Y/661.5sq.m)16,240 JPY (0.0Y/417.5sq.m)
Aozasa11,428 JPY (0.0Y/350.0sq.m)--
Iwatekamigou-7,288 JPY (0.0Y/590.0sq.m)-
Hirakura---
Kamiarisu9,148 JPY (0.0Y/470.0sq.m)-12,285 JPY (0.0Y/350.0sq.m)
Dousenn-38,787 JPY (0.0Y/165.0sq.m)-
Matsukura22,946 JPY (0.0Y/753.3sq.m)16,693 JPY (0.0Y/640.0sq.m)27,086 JPY (0.0Y/273.3sq.m)
Kosano39,759 JPY (0.0Y/354.3sq.m)38,791 JPY (0.0Y/186.4sq.m)45,350 JPY (0.0Y/285.0sq.m)
Kamaishi21,369 JPY (0.0Y/368.6sq.m)24,580 JPY (0.0Y/364.8sq.m)26,990 JPY (0.0Y/402.8sq.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

Matsukura22,946 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Matsukura was 22,946 JPY/sq.m. The market value represents an increase of 6,253 JPY (+37.5%) 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 753.3 sq.m (a +17.7% increase compared to the 640.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.7 min in 2015 and 19.3 min in 2016; +23.4%)

Hanamaki19,523 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 19,523 JPY/sq.m. The market value represents an increase of 852 JPY (+4.6%) compared to 1 year ago and a transition to a some market. 77 properties exchanged hands ( The market value represents an increase of 31 (+67.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 466.2 sq.m (a -9.0% decrease compared to the 512.4 sq.m of last year.).

Haruyama3,142 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Haruyama was 3,142 JPY/sq.m. The market value represents a decrease of 3,064 JPY (-49.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 35.0 sq.m (a -75.0% decrease compared to the 140.0 sq.m of last year.).

Kamaishi21,369 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 21,369 JPY/sq.m. The market value represents a decrease of 3,211 JPY (-13.1%) compared to 1 year ago and a transition to a weak market. 85 properties exchanged hands ( The market value represents an increase of 4 (+4.9%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 368.6 sq.m (a +1.1% increase compared to the 364.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 80.4 min in 2015 and 93.2 min in 2016; +15.9%)

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)