JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Jul, 2016 to Sep, 2016 was 23,806 JPY/sq.m. The market value represents an increase of 2,968 JPY (+14.2%) compared to 1 year ago and a transition to a bull market. 18 properties exchanged hands ( The market value represents an increase of 9 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 464.2 sq.m (a +16.5% increase compared to the 398.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

1 stations have experienced increased prices; 1 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 +30.3% compared to last year; a sq.m unit now costs 28,708 JPY/sq.m.

The top 1 stations has seen prices increase +30.3% (+6,672 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -96.4% (-10,850 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 21.9 min in 2015 and 18.6 min in 2016; -15.0%)

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 28,708 JPY/sq.m. The market value represents an increase of 6,672 JPY (+30.3%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 6 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Fujine, the lowest market value along this railway was 400 JPY/sq.m. The market value represents a decrease of 10,850 JPY (-96.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Kitakami Line (Stations Land market overview)
JR Kitakami LineThis year(2016)1 year ago2 years ago
Kitakami28,708 JPY (0.0Y/480.0sq.m)22,037 JPY (0.0Y/428.1sq.m)25,727 JPY (0.0Y/263.8sq.m)
Yanagihara---
Eduriko23,076 JPY (0.0Y/65.0sq.m)--
Fujine400 JPY (0.0Y/450.0sq.m)11,250 JPY (0.0Y/160.0sq.m)-
Tatekawame--1,923 JPY (0.0Y/260.0sq.m)
Yokokawame---
Hottoyuda1,558 JPY (0.0Y/560.0sq.m)-3,428 JPY (0.0Y/350.0sq.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

Kitakami28,708 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Land of Kitakami was 28,708 JPY/sq.m. The market value represents an increase of 6,672 JPY (+30.3%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 6 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 480.0 sq.m (a +12.1% increase compared to the 428.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.5 min in 2015 and 18.2 min in 2016; -25.7%)

Fujine400 JPY/sq.m (-96% compared with the previous year)

The average price of a sq.m Land of Fujine was 400 JPY/sq.m. The market value represents a decrease of 10,850 JPY (-96.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 450.0 sq.m (a +181.2% increase compared to the 160.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2015 and 30.0 min in 2016; +2900.0%)

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)