JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Oct, 2013 to Dec, 2013 was 24,123 JPY/sq.m. The market value represents an increase of 1,361 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 25 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 402.0 sq.m (a +21.7% increase compared to the 330.2 sq.m of last year.).

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

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kitakami station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Kitakami station, where prices have decreased -9.3% compared to last year; a sq.m unit now costs 25,951 JPY/sq.m.

The top 1 stations has seen prices increase -9.3% (-2,653 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.3% (-2,653 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.7 min in 2012 and 22.8 min in 2013; -41.0%)

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 25,951 JPY/sq.m. The market value represents a decrease of 2,653 JPY (-9.3%) compared to 1 year ago and a transition to a bear market. 22 properties exchanged hands ( The market value represents an increase of 8 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kitakami, the lowest market value along this railway was 25,951 JPY/sq.m. The market value represents a decrease of 2,653 JPY (-9.3%) compared to 1 year ago and a transition to a bear market. 22 properties exchanged hands ( The market value represents an increase of 8 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2013)1 year ago2 years ago
Kitakami25,951 JPY (0.0Y/344.1sq.m)28,605 JPY (0.0Y/412.1sq.m)29,436 JPY (0.0Y/566.0sq.m)
Yanagihara-50,769 JPY (0.0Y/195.0sq.m)7,247 JPY (0.0Y/171.7sq.m)
Eduriko-17,333 JPY (0.0Y/310.0sq.m)-
Fujine-12,336 JPY (0.0Y/345.0sq.m)18,000 JPY (0.0Y/300.0sq.m)
Tatekawame5,714 JPY (0.0Y/350.0sq.m)--
Yokokawame---
Hottoyuda-7,414 JPY (0.0Y/90.0sq.m)2,803 JPY (0.0Y/605.0sq.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

Kitakami25,951 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Kitakami was 25,951 JPY/sq.m. The market value represents a decrease of 2,653 JPY (-9.3%) compared to 1 year ago and a transition to a bear market. 22 properties exchanged hands ( The market value represents an increase of 8 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 344.1 sq.m (a -16.5% decrease compared to the 412.1 sq.m of last year.).


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)