JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Oct, 2014 to Dec, 2014 was 14,522 JPY/sq.m. The market value represents a decrease of 9,601 JPY (-39.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 18 (-72.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 958.6 sq.m (a +138.5% increase compared to the 402.0 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.

0 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value decreased in all stations.

The top 0 stations has seen prices increase +0.0% (+0 JPY/sq.m). On the other hand, The bottom 0 stations has seen prices decrease +0.0% (+0 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.8 min in 2013 and 16.4 min in 2014; -28.1%)

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:

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Land stations market overview

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2014)1 year ago2 years ago
Kitakami-25,951 JPY (0.0Y/344.1sq.m)28,605 JPY (0.0Y/412.1sq.m)
Yanagihara--50,769 JPY (0.0Y/195.0sq.m)
Eduriko17,768 JPY (0.0Y/682.0sq.m)-17,333 JPY (0.0Y/310.0sq.m)
Fujine--12,336 JPY (0.0Y/345.0sq.m)
Tatekawame-5,714 JPY (0.0Y/350.0sq.m)-
Yokokawame1,538 JPY (0.0Y/1300.0sq.m)--
Hottoyuda--7,414 JPY (0.0Y/90.0sq.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.
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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)