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 Jul, 2013 to Sep, 2013 was 29,871 JPY/sq.m. The market value represents an increase of 8,950 JPY (+42.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 1 (+5.0%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 462.1 sq.m (a -21.5% decrease compared to the 588.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Oofunato, Sakari station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sakari station, where prices have increased +74.6% compared to last year; a sq.m unit now costs 32,171 JPY/sq.m.

The top 1 stations has seen prices increase +74.6% (+13,748 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -37.2% (-13,290 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.2 min in 2012 and 14.0 min in 2013; -34.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2012 and 23.8% of total transactions in 2013)

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 Oofunato, the highest market value along this railway was 32,410 JPY/sq.m. The market value represents an increase of 11,807 JPY (+57.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Hosoura, the lowest market value along this railway was 14,355 JPY/sq.m. The market value represents an increase of 826 JPY (+6.1%) compared to 1 year ago and a transition to a strong 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 Ofunato BRT line (Stations Land market overview)
JR Ofunato BRT lineThis year(2013)1 year ago2 years ago
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari---
Rikuzenntakata--11,111 JPY (0.0Y/360.0sq.m)
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari---
Wakinosawa--9,688 JPY (0.0Y/776.7sq.m)
Otomo--6,148 JPY (0.0Y/610.0sq.m)
Kanmonkaikyo Mekari---
Hosoura14,355 JPY (0.0Y/530.0sq.m)13,529 JPY (0.0Y/1700.0sq.m)23,913 JPY (0.0Y/460.0sq.m)
Shimofunato22,424 JPY (0.0Y/165.0sq.m)35,714 JPY (0.0Y/387.5sq.m)33,333 JPY (0.0Y/330.0sq.m)
Oofunato32,410 JPY (0.0Y/301.4sq.m)20,604 JPY (0.0Y/573.8sq.m)41,158 JPY (0.0Y/252.5sq.m)
Sakari32,171 JPY (0.0Y/579.1sq.m)18,423 JPY (0.0Y/523.3sq.m)23,165 JPY (0.0Y/323.3sq.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

Sakari32,171 JPY/sq.m (+75% compared with the previous year)

The average price of a sq.m Land of Sakari was 32,171 JPY/sq.m. The market value represents an increase of 13,748 JPY (+74.6%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 2 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 579.1 sq.m (a +10.7% increase compared to the 523.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.6 min in 2012 and 19.1 min in 2013; -37.5%)

Shimofunato22,424 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Shimofunato was 22,424 JPY/sq.m. The market value represents a decrease of 13,290 JPY (-37.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 165.0 sq.m (a -57.4% decrease compared to the 387.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.5 min in 2012 and 4.0 min in 2013; -38.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2012 and 100.0% of total transactions in 2013)

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)