JR Tazawako Line Land market overview

The average price of a sq.m Land of JR Tazawako Line (Morioka to Harukiba), in Jan, 2017 to Mar, 2017 was 34,846 JPY/sq.m. The market value represents a decrease of 17,025 JPY (-32.8%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 111 (-89.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 347.3 sq.m (a -19.4% decrease compared to the 430.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -37.8% (-22,868 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -94.6% (-17,022 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 30.5 min in 2016 and 33.8 min in 2017; +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 37,668 JPY/sq.m. The market value represents a decrease of 22,868 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 89 (-88.1%) 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 978 JPY/sq.m. The market value represents a decrease of 17,022 JPY (-94.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Tazawako Line (Stations Land market overview)
JR Tazawako LineThis year(2017)1 year ago2 years ago
Morioka37,668 JPY (0.0Y/337.9sq.m)60,536 JPY (0.0Y/374.7sq.m)53,134 JPY (0.0Y/312.4sq.m)
Ookama978 JPY (0.0Y/460.0sq.m)18,000 JPY (0.0Y/1050.0sq.m)39,393 JPY (0.0Y/165.0sq.m)
Koiwai-9,120 JPY (0.0Y/788.2sq.m)8,021 JPY (0.0Y/722.5sq.m)
Shizukuishi-7,946 JPY (0.0Y/482.5sq.m)6,382 JPY (0.0Y/470.0sq.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

Morioka37,668 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Morioka was 37,668 JPY/sq.m. The market value represents a decrease of 22,868 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 89 (-88.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 337.9 sq.m (a -9.8% decrease compared to the 374.7 sq.m of last year.).

Ookama978 JPY/sq.m (-95% compared with the previous year)

The average price of a sq.m Land of Ookama was 978 JPY/sq.m. The market value represents a decrease of 17,022 JPY (-94.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 460.0 sq.m (a -56.2% decrease compared to the 1050.0 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)