JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Jan, 2014 to Dec, 2014 was 23,501 JPY/sq.m. The market value represents a decrease of 624 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 41 properties exchanged hands ( The market value represents a decrease of 49 (-54.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 432.1 sq.m (a -7.8% decrease compared to the 468.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Hottoyuda station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hottoyuda station, where prices have increased +67.6% compared to last year; a sq.m unit now costs 3,428 JPY/sq.m.

The top 1 stations has seen prices increase +67.6% (+1,383 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -59.1% (-9,290 JPY/sq.m).



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

The average price of a sq.m Land of Kitakami, the highest market value along this railway was 29,141 JPY/sq.m. The market value represents an increase of 1,317 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 27 properties exchanged hands ( The market value represents a decrease of 33 (-55.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tatekawame, the lowest market value along this railway was 1,923 JPY/sq.m. The market value represents a decrease of 2,594 JPY (-57.4%) 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 Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2014)1 year ago2 years ago
Kitakami29,141 JPY (0.0Y/297.8sq.m)27,824 JPY (0.0Y/447.0sq.m)28,081 JPY (0.0Y/381.3sq.m)
Yanagihara-27,785 JPY (0.0Y/216.0sq.m)36,046 JPY (0.0Y/225.0sq.m)
Eduriko16,991 JPY (0.0Y/668.6sq.m)18,103 JPY (0.0Y/540.4sq.m)17,246 JPY (0.0Y/616.2sq.m)
Fujine6,440 JPY (0.0Y/317.5sq.m)15,730 JPY (0.0Y/737.9sq.m)10,548 JPY (0.0Y/527.2sq.m)
Tatekawame1,923 JPY (0.0Y/260.0sq.m)4,518 JPY (0.0Y/315.0sq.m)5,460 JPY (0.0Y/413.5sq.m)
Yokokawame4,769 JPY (0.0Y/875.0sq.m)-6,031 JPY (0.0Y/630.0sq.m)
Hottoyuda3,428 JPY (0.0Y/1175.0sq.m)2,045 JPY (0.0Y/660.0sq.m)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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Noteworthy stations

Hottoyuda3,428 JPY/sq.m (+68% compared with the previous year)

The average price of a sq.m Land of Hottoyuda was 3,428 JPY/sq.m. The market value represents an increase of 1,383 JPY (+67.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1175.0 sq.m (a +78.0% increase compared to the 660.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.0 min in 2013 and 24.5 min in 2014; -25.8%)

Fujine6,440 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Land of Fujine was 6,440 JPY/sq.m. The market value represents a decrease of 9,290 JPY (-59.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 317.5 sq.m (a -57.0% decrease compared to the 737.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.3 min in 2013 and 19.0 min in 2014; +54.7%)

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)