JR Tazawako Line Land market overview

The average price of a sq.m Land of JR Tazawako Line (Morioka to Harukiba), in Oct, 2014 to Dec, 2014 was 44,034 JPY/sq.m. The market value represents an increase of 1,515 JPY (+3.6%) compared to 1 year ago and a transition to a some market. 22 properties exchanged hands ( The market value represents a decrease of 31 (-58.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 394.5 sq.m (a +1.0% increase compared to the 390.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Morioka station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Morioka station, where prices have decreased -2.1% compared to last year; a sq.m unit now costs 45,303 JPY/sq.m.

The top 1 stations has seen prices increase +290.9% (+23,802 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.1% (-978 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 33.7 min in 2013 and 30.0 min in 2014; -10.8%)

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 45,303 JPY/sq.m. The market value represents a decrease of 978 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 28 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ookama, the lowest market value along this railway was 31,984 JPY/sq.m. The market value represents an increase of 23,802 JPY (+290.9%) compared to 1 year ago and a transition to a dramatic 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 Tazawako Line (Stations Land market overview)
JR Tazawako LineThis year(2014)1 year ago2 years ago
Morioka45,303 JPY (0.0Y/390.5sq.m)46,280 JPY (0.0Y/346.0sq.m)50,191 JPY (0.0Y/316.3sq.m)
Ookama31,984 JPY (0.0Y/435.0sq.m)8,181 JPY (0.0Y/220.0sq.m)-
Koiwai-20,000 JPY (0.0Y/340.0sq.m)12,121 JPY (0.0Y/1443.3sq.m)
Shizukuishi-2,555 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

Ookama31,984 JPY/sq.m (+291% compared with the previous year)

The average price of a sq.m Land of Ookama was 31,984 JPY/sq.m. The market value represents an increase of 23,802 JPY (+290.9%) compared to 1 year ago and a transition to a dramatic 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.).

The average size of the real estate was 435.0 sq.m (a +97.7% increase compared to the 220.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2013 and 5.0 min in 2014; -83.3%)

Morioka45,303 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Land of Morioka was 45,303 JPY/sq.m. The market value represents a decrease of 978 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 28 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.5 sq.m (a +12.8% increase compared to the 346.0 sq.m of last year.).


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)