JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Oct, 2015 to Dec, 2015 was 25,480 JPY/sq.m. The market value represents an increase of 10,958 JPY (+75.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 3 (+42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 268.0 sq.m (a -72.0% decrease compared to the 958.6 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Eduriko station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Eduriko station, where prices have increased +31.3% compared to last year; a sq.m unit now costs 23,333 JPY/sq.m.

The top 1 stations has seen prices increase +31.3% (+5,565 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +31.3% (+5,565 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2014 and 20.0% of total transactions in 2015)

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 Eduriko, the highest market value along this railway was 23,333 JPY/sq.m. The market value represents an increase of 5,565 JPY (+31.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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 23,333 JPY/sq.m. The market value represents an increase of 5,565 JPY (+31.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2015)1 year ago2 years ago
Kitakami25,719 JPY (0.0Y/271.1sq.m)-25,951 JPY (0.0Y/344.1sq.m)
Yanagihara---
Eduriko23,333 JPY (0.0Y/240.0sq.m)17,768 JPY (0.0Y/682.0sq.m)-
Fujine---
Tatekawame--5,714 JPY (0.0Y/350.0sq.m)
Yokokawame-1,538 JPY (0.0Y/1300.0sq.m)-
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

Eduriko23,333 JPY/sq.m (+31% compared with the previous year)

The average price of a sq.m Land of Eduriko was 23,333 JPY/sq.m. The market value represents an increase of 5,565 JPY (+31.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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 -64.8% decrease compared to the 682.0 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)