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 Apr, 2016 to Jun, 2016 was 12,480 JPY/sq.m. The market value represents a decrease of 2,122 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 34 properties exchanged hands ( The market value represents an increase of 6 (+21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 408.5 sq.m (a +22.8% increase compared to the 332.7 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.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Rikuzenntakata, Otomo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rikuzenntakata station, where prices have increased +46.1% compared to last year; a sq.m unit now costs 22,134 JPY/sq.m.

The top 1 stations has seen prices increase +46.1% (+6,983 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -53.2% (-13,659 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 Rikuzenntakata, the highest market value along this railway was 22,134 JPY/sq.m. The market value represents an increase of 6,983 JPY (+46.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Otomo, the lowest market value along this railway was 9,570 JPY/sq.m. The market value represents an increase of 1,964 JPY (+25.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) 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(2016)1 year ago2 years ago
Kanmonkaikyo Mekari-8,805 JPY (0.0Y/426.7sq.m)-
Kanmonkaikyo Mekari---
Rikuzenntakata22,134 JPY (0.0Y/363.3sq.m)15,151 JPY (0.0Y/330.0sq.m)-
Kanmonkaikyo Mekari---
Kanmonkaikyo Mekari-14,838 JPY (0.0Y/310.0sq.m)-
Wakinosawa11,550 JPY (0.0Y/332.5sq.m)--
Otomo9,570 JPY (0.0Y/632.5sq.m)7,605 JPY (0.0Y/330.0sq.m)-
Kanmonkaikyo Mekari11,612 JPY (0.0Y/310.0sq.m)--
Hosoura13,939 JPY (0.0Y/330.0sq.m)12,680 JPY (0.0Y/197.5sq.m)10,042 JPY (0.0Y/547.5sq.m)
Shimofunato-12,730 JPY (0.0Y/447.5sq.m)9,677 JPY (0.0Y/310.0sq.m)
Oofunato-35,863 JPY (0.0Y/202.5sq.m)39,624 JPY (0.0Y/704.4sq.m)
Sakari12,018 JPY (0.0Y/645.0sq.m)25,677 JPY (0.0Y/301.0sq.m)27,770 JPY (0.0Y/368.9sq.m)
Takekoma15,000 JPY (0.0Y/400.0sq.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

Rikuzenntakata22,134 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Rikuzenntakata was 22,134 JPY/sq.m. The market value represents an increase of 6,983 JPY (+46.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 363.3 sq.m (a +10.1% increase compared to the 330.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2015 and 13.0 min in 2016; -53.6%)

Sakari12,018 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Sakari was 12,018 JPY/sq.m. The market value represents a decrease of 13,659 JPY (-53.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 645.0 sq.m (a +114.3% increase compared to the 301.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.8 min in 2015 and 47.8 min in 2016; +154.0%)

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)