JR Tazawako Line Land market overview

The average price of a sq.m Land of JR Tazawako Line (Morioka to Harukiba), in Jul, 2016 to Sep, 2016 was 49,193 JPY/sq.m. The market value represents a decrease of 2,325 JPY (-4.5%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents a decrease of 4 (-16.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 272.1 sq.m (a +3.0% increase compared to the 264.2 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Morioka station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +14.3% compared to last year; a sq.m unit now costs 58,882 JPY/sq.m.

The top 1 stations has seen prices increase +14.3% (+7,364 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +14.3% (+7,364 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 32.6 min in 2015 and 36.7 min in 2016; +12.6%)

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 58,882 JPY/sq.m. The market value represents an increase of 7,364 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 17 properties exchanged hands ( The market value represents a decrease of 8 (-32.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Morioka, the lowest market value along this railway was 58,882 JPY/sq.m. The market value represents an increase of 7,364 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 17 properties exchanged hands ( The market value represents a decrease of 8 (-32.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Tazawako Line (Stations Land market overview)
JR Tazawako LineThis year(2016)1 year ago2 years ago
Morioka58,882 JPY (0.0Y/286.5sq.m)51,518 JPY (0.0Y/264.2sq.m)53,205 JPY (0.0Y/357.5sq.m)
Ookama---
Koiwai19,393 JPY (0.0Y/330.0sq.m)-909 JPY (0.0Y/1100.0sq.m)
Shizukuishi4,223 JPY (0.0Y/171.7sq.m)-15,495 JPY (0.0Y/410.0sq.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

Morioka58,882 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Morioka was 58,882 JPY/sq.m. The market value represents an increase of 7,364 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 17 properties exchanged hands ( The market value represents a decrease of 8 (-32.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 286.5 sq.m (a +8.4% increase compared to the 264.2 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 32.6 min in 2015 and 36.0 min in 2016; +10.6%)

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)