JR Tazawako Line Land market overview

The average price of a sq.m Land of JR Tazawako Line (Morioka to Harukiba), in Oct, 2013 to Dec, 2013 was 42,520 JPY/sq.m. The market value represents a decrease of 5,090 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 53 properties exchanged hands ( The market value represents an increase of 18 (+51.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.8 sq.m (a -5.8% decrease compared to the 415.0 sq.m of last year.).

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

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Koiwai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Koiwai station, where prices have increased +65.0% compared to last year; a sq.m unit now costs 20,000 JPY/sq.m.

The top 1 stations has seen prices increase +65.0% (+7,879 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -54.7% (-3,086 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in JR Tazawako 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 Morioka, the highest market value along this railway was 46,280 JPY/sq.m. The market value represents a decrease of 3,911 JPY (-7.8%) compared to 1 year ago and a transition to a bear 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 price of a sq.m Land of Shizukuishi, the lowest market value along this railway was 2,555 JPY/sq.m. The market value represents a decrease of 3,086 JPY (-54.7%) 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.).

JR Tazawako Line (Stations Land market overview)
JR Tazawako LineThis year(2013)1 year ago2 years ago
Morioka46,280 JPY (0.0Y/346.0sq.m)50,191 JPY (0.0Y/316.3sq.m)58,412 JPY (0.0Y/239.9sq.m)
Ookama8,181 JPY (0.0Y/220.0sq.m)-26,486 JPY (0.0Y/370.0sq.m)
Koiwai20,000 JPY (0.0Y/340.0sq.m)12,121 JPY (0.0Y/1443.3sq.m)-
Shizukuishi2,555 JPY (0.0Y/1180.0sq.m)5,641 JPY (0.0Y/390.0sq.m)-
Harukiba---
*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

Koiwai20,000 JPY/sq.m (+65% compared with the previous year)

The average price of a sq.m Land of Koiwai was 20,000 JPY/sq.m. The market value represents an increase of 7,879 JPY (+65.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 340.0 sq.m (a -76.4% decrease compared to the 1443.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.0 min in 2012 and 10.0 min in 2013; -41.2%)

Shizukuishi2,555 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 2,555 JPY/sq.m. The market value represents a decrease of 3,086 JPY (-54.7%) 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 1180.0 sq.m (a +202.6% increase compared to the 390.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2012 and 38.0 min in 2013; +46.2%)

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)