JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Apr, 2014 to Jun, 2014 was 31,084 JPY/sq.m. The market value represents an increase of 6,901 JPY (+28.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 5 (-29.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 367.5 sq.m (a +7.5% increase compared to the 341.8 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kitakami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kitakami station, where prices have increased +33.7% compared to last year; a sq.m unit now costs 31,084 JPY/sq.m.

The top 1 stations has seen prices increase +33.7% (+7,839 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +33.7% (+7,839 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.5 min in 2013 and 27.5 min in 2014; +34.3%)

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 31,084 JPY/sq.m. The market value represents an increase of 7,839 JPY (+33.7%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 4 (+50.0%) 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 31,084 JPY/sq.m. The market value represents an increase of 7,839 JPY (+33.7%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 4 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2014)1 year ago2 years ago
Kitakami31,084 JPY (0.0Y/367.5sq.m)23,245 JPY (0.0Y/450.0sq.m)27,446 JPY (0.0Y/414.5sq.m)
Yanagihara-31,000 JPY (0.0Y/200.0sq.m)39,393 JPY (0.0Y/165.0sq.m)
Eduriko-22,350 JPY (0.0Y/287.5sq.m)13,032 JPY (0.0Y/1163.3sq.m)
Fujine-20,904 JPY (0.0Y/230.0sq.m)9,912 JPY (0.0Y/1060.0sq.m)
Tatekawame--5,862 JPY (0.0Y/290.0sq.m)
Yokokawame---
Hottoyuda---
*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

Kitakami31,084 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Kitakami was 31,084 JPY/sq.m. The market value represents an increase of 7,839 JPY (+33.7%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 4 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 367.5 sq.m (a -18.3% decrease compared to the 450.0 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)