JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Apr, 2016 to Jun, 2016 was 31,276 JPY/sq.m. The market value represents an increase of 6,713 JPY (+27.3%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 13 (+216.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 369.5 sq.m (a +33.5% increase compared to the 276.7 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. 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 +23.9% compared to last year; a sq.m unit now costs 33,144 JPY/sq.m.

The top 1 stations has seen prices increase +23.9% (+6,396 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +23.9% (+6,396 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.7 min in 2015 and 22.6 min in 2016; -21.2%)

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 33,144 JPY/sq.m. The market value represents an increase of 6,396 JPY (+23.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 12 (+240.0%) 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 33,144 JPY/sq.m. The market value represents an increase of 6,396 JPY (+23.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 12 (+240.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2016)1 year ago2 years ago
Kitakami33,144 JPY (0.0Y/366.5sq.m)26,749 JPY (0.0Y/288.0sq.m)31,084 JPY (0.0Y/367.5sq.m)
Yanagihara---
Eduriko24,761 JPY (0.0Y/210.0sq.m)--
Fujine6,034 JPY (0.0Y/580.0sq.m)--
Tatekawame---
Yokokawame---
Hottoyuda-13,636 JPY (0.0Y/220.0sq.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

Kitakami33,144 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Land of Kitakami was 33,144 JPY/sq.m. The market value represents an increase of 6,396 JPY (+23.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 12 (+240.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 366.5 sq.m (a +27.2% increase compared to the 288.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 28.4 min in 2015 and 24.0 min in 2016; -15.5%)

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)