JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Oct, 2013 to Dec, 2013 was 30,265 JPY/sq.m. The market value represents an increase of 1,011 JPY (+3.5%) compared to 1 year ago and a transition to a some market. 196 properties exchanged hands ( The market value represents an increase of 13 (+7.1%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 401.0 sq.m (a +8.7% increase compared to the 369.0 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.

5 stations have experienced increased prices; 12 stations have experienced decreased prices. Market value of most stations decreased. Rokuhara, Ishidoriya, Sennbokuchou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rokuhara station, where prices have increased +98.4% compared to last year; a sq.m unit now costs 23,888 JPY/sq.m.

The top 2 stations has seen prices increase +85.6% (+9,590 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -60.2% (-15,336 JPY/sq.m).


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 1.6% of total transactions in 2012 and 2.6% of total transactions in 2013)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.6% of total transactions in 2012 and 0.5% 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 59,111 JPY/sq.m. The market value represents an increase of 20,654 JPY (+53.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 4 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Yamanome, the lowest market value along this railway was 6,000 JPY/sq.m. The market value represents a decrease of 19,600 JPY (-76.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2013)1 year ago2 years ago
Yushima-4,166 JPY (0.0Y/720.0sq.m)-
Hanaizumi-3,251 JPY (0.0Y/710.0sq.m)-
Shimizuhara--40,000 JPY (0.0Y/50.0sq.m)
Ichinoseki31,203 JPY (0.0Y/330.5sq.m)35,473 JPY (0.0Y/327.6sq.m)34,685 JPY (0.0Y/452.4sq.m)
Yamanome6,000 JPY (0.0Y/100.0sq.m)25,600 JPY (0.0Y/250.0sq.m)17,000 JPY (0.0Y/200.0sq.m)
Hiraizumi24,154 JPY (0.0Y/710.0sq.m)21,846 JPY (0.0Y/287.5sq.m)-
Maesawa-4,158 JPY (0.0Y/85.0sq.m)22,259 JPY (0.0Y/185.0sq.m)
Rikuchuuorii-8,118 JPY (0.0Y/80.0sq.m)7,875 JPY (0.0Y/188.6sq.m)
Mizusawa19,204 JPY (0.0Y/418.9sq.m)21,416 JPY (0.0Y/346.6sq.m)18,252 JPY (0.0Y/352.1sq.m)
Kanegasaki19,396 JPY (0.0Y/805.8sq.m)18,009 JPY (0.0Y/907.5sq.m)10,169 JPY (0.0Y/335.0sq.m)
Rokuhara23,888 JPY (0.0Y/180.0sq.m)12,042 JPY (0.0Y/453.3sq.m)13,984 JPY (0.0Y/293.3sq.m)
Kitakami25,951 JPY (0.0Y/344.1sq.m)28,605 JPY (0.0Y/412.1sq.m)29,436 JPY (0.0Y/566.0sq.m)
Murasakino17,499 JPY (0.0Y/353.1sq.m)19,505 JPY (0.0Y/489.4sq.m)-
Hanamaki15,205 JPY (0.0Y/406.5sq.m)19,852 JPY (0.0Y/167.9sq.m)18,114 JPY (0.0Y/580.3sq.m)
Hanamakikuukou14,356 JPY (0.0Y/900.0sq.m)17,293 JPY (0.0Y/263.8sq.m)20,400 JPY (0.0Y/1416.7sq.m)
Ishidoriya17,391 JPY (0.0Y/230.0sq.m)10,057 JPY (0.0Y/536.7sq.m)13,608 JPY (0.0Y/395.0sq.m)
Hidume14,192 JPY (0.0Y/795.0sq.m)25,263 JPY (0.0Y/190.0sq.m)-
Shiwachuuou14,962 JPY (0.0Y/298.3sq.m)20,969 JPY (0.0Y/776.7sq.m)22,675 JPY (0.0Y/295.0sq.m)
Furudate-32,000 JPY (0.0Y/200.0sq.m)-
Yahaba35,881 JPY (0.0Y/317.5sq.m)39,729 JPY (0.0Y/483.0sq.m)35,590 JPY (0.0Y/146.2sq.m)
Iwateiioka23,054 JPY (0.0Y/460.6sq.m)34,877 JPY (0.0Y/475.0sq.m)47,007 JPY (0.0Y/453.8sq.m)
Sennbokuchou59,111 JPY (0.0Y/411.5sq.m)38,457 JPY (0.0Y/368.6sq.m)49,547 JPY (0.0Y/234.6sq.m)
Morioka46,280 JPY (0.0Y/346.0sq.m)50,191 JPY (0.0Y/316.3sq.m)58,412 JPY (0.0Y/239.9sq.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

Rokuhara23,888 JPY/sq.m (+98% compared with the previous year)

The average price of a sq.m Land of Rokuhara was 23,888 JPY/sq.m. The market value represents an increase of 11,846 JPY (+98.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 180.0 sq.m (a -60.3% decrease compared to the 453.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.7 min in 2012 and 4.0 min in 2013; -81.5%)

Ishidoriya17,391 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 17,391 JPY/sq.m. The market value represents an increase of 7,334 JPY (+72.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 230.0 sq.m (a -57.1% decrease compared to the 536.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 19.3 min in 2012 and 16.0 min in 2013; -17.2%)

Yamanome6,000 JPY/sq.m (-77% compared with the previous year)

The average price of a sq.m Land of Yamanome was 6,000 JPY/sq.m. The market value represents a decrease of 19,600 JPY (-76.6%) 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 100.0 sq.m (a -60.0% decrease compared to the 250.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2012 and 5.0 min in 2013; -58.3%)

Hidume14,192 JPY/sq.m (-44% compared with the previous year)

The average price of a sq.m Land of Hidume was 14,192 JPY/sq.m. The market value represents a decrease of 11,072 JPY (-43.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 795.0 sq.m (a +318.4% increase compared to the 190.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2012 and 47.3 min in 2013; +491.7%)

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)