JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Jan, 2013 to Mar, 2013 was 23,691 JPY/sq.m. The market value represents a decrease of 1,329 JPY (-5.3%) compared to 1 year ago and a transition to a bear market. 20 properties exchanged hands ( The market value represents an increase of 4 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 618.5 sq.m (a +68.3% increase compared to the 367.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kitakami station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kitakami station, where prices have increased +11.3% compared to last year; a sq.m unit now costs 28,257 JPY/sq.m.

The top 1 stations has seen prices increase +11.3% (+2,874 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.2% (-8,566 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.2 min in 2012 and 26.9 min in 2013; +56.1%)

Breakdown of each segment

The table below shows Land dealt in JR Kitakami 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 Kitakami, the highest market value along this railway was 28,257 JPY/sq.m. The market value represents an increase of 2,874 JPY (+11.3%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents an increase of 5 (+62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Eduriko, the lowest market value along this railway was 21,669 JPY/sq.m. The market value represents a decrease of 755 JPY (-3.4%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands (It was the same as last year.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2013)1 year ago2 years ago
Kitakami28,257 JPY (0.0Y/767.7sq.m)25,383 JPY (0.0Y/233.8sq.m)29,611 JPY (0.0Y/288.3sq.m)
Yanagihara22,962 JPY (0.0Y/240.0sq.m)31,528 JPY (0.0Y/247.5sq.m)-
Eduriko21,669 JPY (0.0Y/470.0sq.m)22,424 JPY (0.0Y/680.0sq.m)-
Fujine-3,877 JPY (0.0Y/980.0sq.m)-
Tatekawame3,321 JPY (0.0Y/280.0sq.m)--
Yokokawame---
Hottoyuda1,363 JPY (0.0Y/220.0sq.m)-5,813 JPY (0.0Y/860.0sq.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

Kitakami28,257 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Land of Kitakami was 28,257 JPY/sq.m. The market value represents an increase of 2,874 JPY (+11.3%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents an increase of 5 (+62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 767.7 sq.m (a +228.4% increase compared to the 233.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.9 min in 2012 and 33.7 min in 2013; +54.0%)

Yanagihara22,962 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Yanagihara was 22,962 JPY/sq.m. The market value represents a decrease of 8,566 JPY (-27.2%) 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.).

The average size of the real estate was 240.0 sq.m (a -3.0% decrease compared to the 247.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.5 min in 2012 and 19.0 min in 2013; +40.7%)

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)