JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Apr, 2013 to Jun, 2013 was 31,157 JPY/sq.m. The market value represents an increase of 3,308 JPY (+11.9%) compared to 1 year ago and a transition to a bull market. 186 properties exchanged hands ( The market value represents an increase of 35 (+23.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.3 sq.m (a -8.3% decrease compared to the 433.4 sq.m of last year.).

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

8 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Kanegasaki, Hanamaki, Hanamakikuukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hanamaki station, where prices have increased +57.8% compared to last year; a sq.m unit now costs 19,641 JPY/sq.m.

The top 2 stations has seen prices increase +50.3% (+6,043 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.7% (-4,746 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.3% of total transactions in 2012 and 2.2% 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 54,944 JPY/sq.m. The market value represents an increase of 4,227 JPY (+8.3%) compared to 1 year ago and a transition to a strong market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average price of a sq.m Land of Hanaizumi, the lowest market value along this railway was 4,334 JPY/sq.m. The market value represents a decrease of 6,678 JPY (-60.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) 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---
Hanaizumi4,334 JPY (0.0Y/602.9sq.m)11,012 JPY (0.0Y/386.7sq.m)15,519 JPY (0.0Y/790.0sq.m)
Shimizuhara-6,993 JPY (0.0Y/237.5sq.m)506 JPY (0.0Y/112.5sq.m)
Ichinoseki30,986 JPY (0.0Y/471.3sq.m)33,354 JPY (0.0Y/445.0sq.m)35,174 JPY (0.0Y/134.0sq.m)
Yamanome---
Hiraizumi-8,826 JPY (0.0Y/645.0sq.m)-
Maesawa17,154 JPY (0.0Y/422.0sq.m)18,039 JPY (0.0Y/344.3sq.m)15,158 JPY (0.0Y/702.5sq.m)
Rikuchuuorii15,265 JPY (0.0Y/235.0sq.m)--
Mizusawa22,007 JPY (0.0Y/278.3sq.m)19,929 JPY (0.0Y/470.0sq.m)28,033 JPY (0.0Y/265.8sq.m)
Kanegasaki16,321 JPY (0.0Y/576.0sq.m)11,428 JPY (0.0Y/490.0sq.m)18,176 JPY (0.0Y/236.7sq.m)
Rokuhara18,133 JPY (0.0Y/278.8sq.m)16,748 JPY (0.0Y/983.3sq.m)-
Kitakami23,245 JPY (0.0Y/450.0sq.m)27,446 JPY (0.0Y/414.5sq.m)20,597 JPY (0.0Y/653.3sq.m)
Murasakino19,426 JPY (0.0Y/363.3sq.m)19,506 JPY (0.0Y/630.0sq.m)22,774 JPY (0.0Y/235.0sq.m)
Hanamaki19,641 JPY (0.0Y/395.7sq.m)12,449 JPY (0.0Y/476.9sq.m)17,415 JPY (0.0Y/275.3sq.m)
Hanamakikuukou14,833 JPY (0.0Y/235.0sq.m)10,748 JPY (0.0Y/350.0sq.m)7,565 JPY (0.0Y/648.8sq.m)
Ishidoriya10,698 JPY (0.0Y/915.0sq.m)13,512 JPY (0.0Y/434.3sq.m)17,694 JPY (0.0Y/260.0sq.m)
Hidume-2,250 JPY (0.0Y/1200.0sq.m)20,324 JPY (0.0Y/251.7sq.m)
Shiwachuuou20,997 JPY (0.0Y/484.0sq.m)-10,785 JPY (0.0Y/913.6sq.m)
Furudate24,524 JPY (0.0Y/205.0sq.m)25,345 JPY (0.0Y/193.3sq.m)-
Yahaba25,277 JPY (0.0Y/360.8sq.m)22,716 JPY (0.0Y/405.0sq.m)-
Iwateiioka35,711 JPY (0.0Y/532.9sq.m)36,547 JPY (0.0Y/404.5sq.m)41,973 JPY (0.0Y/676.7sq.m)
Sennbokuchou54,944 JPY (0.0Y/252.5sq.m)50,717 JPY (0.0Y/347.7sq.m)52,346 JPY (0.0Y/215.5sq.m)
Morioka53,486 JPY (0.0Y/308.6sq.m)50,070 JPY (0.0Y/342.0sq.m)49,667 JPY (0.0Y/444.5sq.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

Hanamaki19,641 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 19,641 JPY/sq.m. The market value represents an increase of 7,193 JPY (+57.8%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 10 (+76.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 395.7 sq.m (a -17.0% decrease compared to the 476.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.8 min in 2012 and 26.2 min in 2013; -26.7%)

Kanegasaki16,321 JPY/sq.m (+43% compared with the previous year)

The average price of a sq.m Land of Kanegasaki was 16,321 JPY/sq.m. The market value represents an increase of 4,893 JPY (+42.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 576.0 sq.m (a +17.6% increase compared to the 490.0 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 12.6 min in 2013; -79.0%)

Hanaizumi4,334 JPY/sq.m (-61% compared with the previous year)

The average price of a sq.m Land of Hanaizumi was 4,334 JPY/sq.m. The market value represents a decrease of 6,678 JPY (-60.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 602.9 sq.m (a +55.9% increase compared to the 386.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.7 min in 2012 and 45.7 min in 2013; +585.7%)

Ishidoriya10,698 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 10,698 JPY/sq.m. The market value represents a decrease of 2,814 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 915.0 sq.m (a +110.7% increase compared to the 434.3 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2012 and 50.0% of total transactions in 2013)

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)