JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Jan, 2013 to Mar, 2013 was 30,615 JPY/sq.m. The market value represents an increase of 857 JPY (+2.9%) compared to 1 year ago and a transition to a slight market. 148 properties exchanged hands ( The market value represents an increase of 19 (+14.7%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 492.5 sq.m (a +30.7% increase compared to the 376.9 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.

11 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Rikuchuuorii, Rokuhara, Shiwachuuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hidume station, where prices have increased +375.2% compared to last year; a sq.m unit now costs 25,714 JPY/sq.m.

The top 2 stations has seen prices increase +228.1% (+15,549 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -78.5% (-15,314 JPY/sq.m).


Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.9% of total transactions in 2012 and 0.7% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Tohoku Main 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:

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Land stations market overview

The average price of a sq.m Land of Sennbokuchou, the highest market value along this railway was 53,881 JPY/sq.m. The market value represents an increase of 6,420 JPY (+13.5%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents an increase of 3 (+42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kanegasaki, the lowest market value along this railway was 1,982 JPY/sq.m. The market value represents a decrease of 9,627 JPY (-82.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2013)1 year ago2 years ago
Yushima---
Hanaizumi10,677 JPY (0.0Y/1365.0sq.m)16,569 JPY (0.0Y/616.7sq.m)-
Shimizuhara---
Ichinoseki31,197 JPY (0.0Y/322.4sq.m)28,352 JPY (0.0Y/181.0sq.m)31,859 JPY (0.0Y/362.1sq.m)
Yamanome---
Hiraizumi-12,500 JPY (0.0Y/960.0sq.m)-
Maesawa18,808 JPY (0.0Y/155.0sq.m)17,032 JPY (0.0Y/281.2sq.m)11,181 JPY (0.0Y/731.7sq.m)
Rikuchuuorii10,000 JPY (0.0Y/50.0sq.m)8,000 JPY (0.0Y/45.0sq.m)-
Mizusawa19,975 JPY (0.0Y/586.3sq.m)23,074 JPY (0.0Y/486.7sq.m)33,780 JPY (0.0Y/339.5sq.m)
Kanegasaki1,982 JPY (0.0Y/1335.0sq.m)11,609 JPY (0.0Y/211.7sq.m)13,250 JPY (0.0Y/1020.0sq.m)
Rokuhara24,124 JPY (0.0Y/637.0sq.m)13,328 JPY (0.0Y/335.0sq.m)-
Kitakami28,257 JPY (0.0Y/767.7sq.m)25,383 JPY (0.0Y/233.8sq.m)29,611 JPY (0.0Y/288.3sq.m)
Murasakino7,333 JPY (0.0Y/475.0sq.m)28,333 JPY (0.0Y/300.0sq.m)6,875 JPY (0.0Y/370.0sq.m)
Hanamaki22,917 JPY (0.0Y/256.7sq.m)20,202 JPY (0.0Y/417.5sq.m)18,745 JPY (0.0Y/188.8sq.m)
Hanamakikuukou-14,899 JPY (0.0Y/1272.5sq.m)-
Ishidoriya-17,190 JPY (0.0Y/295.0sq.m)19,230 JPY (0.0Y/260.0sq.m)
Hidume25,714 JPY (0.0Y/105.0sq.m)5,411 JPY (0.0Y/85.0sq.m)-
Shiwachuuou24,545 JPY (0.0Y/273.3sq.m)18,521 JPY (0.0Y/305.0sq.m)30,523 JPY (0.0Y/245.0sq.m)
Furudate25,526 JPY (0.0Y/277.5sq.m)24,469 JPY (0.0Y/230.0sq.m)-
Yahaba20,969 JPY (0.0Y/450.0sq.m)39,356 JPY (0.0Y/547.5sq.m)43,750 JPY (0.0Y/153.3sq.m)
Iwateiioka37,781 JPY (0.0Y/442.5sq.m)40,746 JPY (0.0Y/296.4sq.m)30,524 JPY (0.0Y/200.8sq.m)
Sennbokuchou53,881 JPY (0.0Y/335.5sq.m)47,461 JPY (0.0Y/282.9sq.m)50,466 JPY (0.0Y/342.1sq.m)
Morioka44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.m)44,453 JPY (0.0Y/253.6sq.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.
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Noteworthy stations

Hidume25,714 JPY/sq.m (+375% compared with the previous year)

The average price of a sq.m Land of Hidume was 25,714 JPY/sq.m. The market value represents an increase of 20,303 JPY (+375.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 105.0 sq.m (a +23.5% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2012 and 8.0 min in 2013; -86.7%)

Rokuhara24,124 JPY/sq.m (+81% compared with the previous year)

The average price of a sq.m Land of Rokuhara was 24,124 JPY/sq.m. The market value represents an increase of 10,796 JPY (+81.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 637.0 sq.m (a +90.1% increase compared to the 335.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.5 min in 2012 and 39.6 min in 2013; +114.1%)

Kanegasaki1,982 JPY/sq.m (-83% compared with the previous year)

The average price of a sq.m Land of Kanegasaki was 1,982 JPY/sq.m. The market value represents a decrease of 9,627 JPY (-82.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1335.0 sq.m (a +530.7% increase compared to the 211.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 74.7 min in 2012 and 6.0 min in 2013; -92.0%)

Murasakino7,333 JPY/sq.m (-74% compared with the previous year)

The average price of a sq.m Land of Murasakino was 7,333 JPY/sq.m. The market value represents a decrease of 21,000 JPY (-74.1%) 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 475.0 sq.m (a +58.3% increase compared to the 300.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2012 and 30.0 min in 2013; +57.9%)

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)