JR Kitakami Line Land market overview

The average price of a sq.m Land of JR Kitakami Line (Kitakami to Hottoyuda), in Jan, 2016 to Dec, 2016 was 27,187 JPY/sq.m. The market value represents an increase of 2,305 JPY (+9.3%) compared to 1 year ago and a transition to a strong market. 48 properties exchanged hands ( The market value represents an increase of 17 (+54.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 378.8 sq.m (a +25.5% increase compared to the 301.8 sq.m of last year.).

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

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kitakami, 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 +55.4% compared to last year; a sq.m unit now costs 25,459 JPY/sq.m.

The top 1 stations has seen prices increase +55.4% (+9,076 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -88.6% (-12,078 JPY/sq.m).


Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.7% of total transactions in 2015 and 4.2% of total transactions in 2016)

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 31,085 JPY/sq.m. The market value represents an increase of 5,306 JPY (+20.6%) compared to 1 year ago and a transition to a dramatic market. 38 properties exchanged hands ( The market value represents an increase of 12 (+46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hottoyuda, the lowest market value along this railway was 1,558 JPY/sq.m. The market value represents a decrease of 12,078 JPY (-88.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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
Kitakami31,085 JPY (0.0Y/388.2sq.m)25,778 JPY (0.0Y/306.7sq.m)29,141 JPY (0.0Y/297.8sq.m)
Yanagihara5,384 JPY (0.0Y/65.0sq.m)43,478 JPY (0.0Y/230.0sq.m)-
Eduriko25,459 JPY (0.0Y/178.8sq.m)16,383 JPY (0.0Y/385.0sq.m)16,991 JPY (0.0Y/668.6sq.m)
Fujine4,478 JPY (0.0Y/510.0sq.m)11,250 JPY (0.0Y/160.0sq.m)6,440 JPY (0.0Y/317.5sq.m)
Tatekawame--1,923 JPY (0.0Y/260.0sq.m)
Yokokawame--4,769 JPY (0.0Y/875.0sq.m)
Hottoyuda1,558 JPY (0.0Y/560.0sq.m)13,636 JPY (0.0Y/220.0sq.m)3,428 JPY (0.0Y/1175.0sq.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

Eduriko25,459 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Eduriko was 25,459 JPY/sq.m. The market value represents an increase of 9,076 JPY (+55.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 178.8 sq.m (a -53.6% decrease compared to the 385.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.0 min in 2015 and 10.8 min in 2016; -53.3%)

Hottoyuda1,558 JPY/sq.m (-89% compared with the previous year)

The average price of a sq.m Land of Hottoyuda was 1,558 JPY/sq.m. The market value represents a decrease of 12,078 JPY (-88.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 560.0 sq.m (a +154.5% increase compared to the 220.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 15.0 min in 2016; -50.0%)

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)