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, 2014 to Dec, 2014 was 20,683 JPY/sq.m. The market value represents a decrease of 7,498 JPY (-26.6%) compared to 1 year ago and a transition to a dramatic market. 81 properties exchanged hands ( The market value represents an increase of 5 (+6.6%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 433.7 sq.m (a +0.8% increase compared to the 430.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 4 stations have experienced decreased prices. The market value decreased in all stations. Oofunato, Sakari station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Shimofunato station, where prices have decreased -51.7% compared to last year; a sq.m unit now costs 9,412 JPY/sq.m.

The top 1 stations has seen prices increase -0.3% (-94 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -51.7% (-10,090 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 16.4 min in 2013 and 19.4 min in 2014; +18.8%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.6% of total transactions in 2013 and 4.9% of total transactions in 2014)

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 34,509 JPY/sq.m. The market value represents a decrease of 452 JPY (-1.3%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents a decrease of 18 (-60.0%) 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 8,650 JPY/sq.m. The market value represents a decrease of 1,388 JPY (-13.8%) compared to 1 year ago and a transition to a weak 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.).

JR Ofunato BRT line (Stations Land market overview)
JR Ofunato BRT lineThis year(2014)1 year ago2 years ago
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari20,749 JPY (0.0Y/258.1sq.m)--
Rikuzenntakata20,982 JPY (0.0Y/271.0sq.m)--
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari15,665 JPY (0.0Y/418.3sq.m)--
Wakinosawa9,090 JPY (0.0Y/330.0sq.m)--
Otomo8,009 JPY (0.0Y/325.7sq.m)-18,000 JPY (0.0Y/500.0sq.m)
Kanmonkaikyo Mekari---
Hosoura8,650 JPY (0.0Y/473.9sq.m)10,037 JPY (0.0Y/677.1sq.m)13,913 JPY (0.0Y/777.9sq.m)
Shimofunato9,412 JPY (0.0Y/390.0sq.m)19,503 JPY (0.0Y/498.8sq.m)32,698 JPY (0.0Y/408.3sq.m)
Oofunato34,509 JPY (0.0Y/673.8sq.m)34,961 JPY (0.0Y/297.7sq.m)29,898 JPY (0.0Y/709.3sq.m)
Sakari26,784 JPY (0.0Y/448.5sq.m)26,878 JPY (0.0Y/486.3sq.m)22,692 JPY (0.0Y/539.4sq.m)
Takekoma12,001 JPY (0.0Y/340.0sq.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

Sakari26,784 JPY/sq.m (-0% compared with the previous year)

The average price of a sq.m Land of Sakari was 26,784 JPY/sq.m. The market value represents a decrease of 94 JPY (-0.3%) compared to 1 year ago and a transition to a slight market. 27 properties exchanged hands ( The market value represents a decrease of 8 (-22.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 448.5 sq.m (a -7.8% decrease compared to the 486.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 21.7 min in 2013 and 24.6 min in 2014; +13.4%)

Shimofunato9,412 JPY/sq.m (-52% compared with the previous year)

The average price of a sq.m Land of Shimofunato was 9,412 JPY/sq.m. The market value represents a decrease of 10,090 JPY (-51.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.0 sq.m (a -21.8% decrease compared to the 498.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.0 min in 2013 and 9.5 min in 2014; -13.6%)

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)