JR Ofunato BRT line Iwate 2013-1Q
Land market report

JR Ofunato BRT line Land market overview

The average price of a sq.m Land of JR Ofunato BRT line (Kanmonkaikyo Mekari to Takekoma), in Jan, 2013 to Mar, 2013 was 23,523 JPY/sq.m. The market value represents an increase of 5,185 JPY (+28.3%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 4 (-23.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 522.3 sq.m (a -40.7% decrease compared to the 881.2 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; 2 stations have experienced decreased prices. Market value of most stations decreased. Oofunato station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Hosoura station, where prices have decreased -33.2% compared to last year; a sq.m unit now costs 10,500 JPY/sq.m.

The top 1 stations has seen prices increase +101.3% (+13,180 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -33.2% (-5,210 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in JR Ofunato BRT 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 Sakari, the highest market value along this railway was 26,197 JPY/sq.m. The market value represents an increase of 13,180 JPY (+101.3%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hosoura, the lowest market value along this railway was 10,500 JPY/sq.m. The market value represents a decrease of 5,210 JPY (-33.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Ofunato BRT line (Stations Land market overview)
JR Ofunato BRT lineThis year(2013)1 year ago2 years ago
Kanmonkaikyo Mekari--
Kanmonkaikyo Mekari--
Rikuzenntakata--
Kanmonkaikyo Mekari--
Kanmonkaikyo Mekari--
Wakinosawa--
Otomo--
Kanmonkaikyo Mekari--
Hosoura10,500 JPY (0.0Y/600.0sq.m)15,710 JPY (0.0Y/395.0sq.m)
Shimofunato--
Oofunato25,852 JPY (0.0Y/345.0sq.m)26,840 JPY (0.0Y/1096.2sq.m)
Sakari26,197 JPY (0.0Y/544.4sq.m)13,017 JPY (0.0Y/774.3sq.m)
Takekoma--
*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

Sakari26,197 JPY/sq.m (+101% compared with the previous year)

The average price of a sq.m Land of Sakari was 26,197 JPY/sq.m. The market value represents an increase of 13,180 JPY (+101.3%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 544.4 sq.m (a -29.7% decrease compared to the 774.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.9 min in 2012 and 20.2 min in 2013; -27.4%)

Hosoura10,500 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Hosoura was 10,500 JPY/sq.m. The market value represents a decrease of 5,210 JPY (-33.2%) 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 600.0 sq.m (a +51.9% increase compared to the 395.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 24.5 min in 2012 and 20.0 min in 2013; -18.4%)

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)