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, 2014 to Dec, 2014 was 33,235 JPY/sq.m. The market value represents an increase of 2,970 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 66 properties exchanged hands ( The market value represents a decrease of 130 (-66.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 445.2 sq.m (a +11.0% increase compared to the 401.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki, Hanamakikuukou, Iwateiioka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hanamakikuukou station, where prices have increased +51.4% compared to last year; a sq.m unit now costs 21,739 JPY/sq.m.

The top 2 stations has seen prices increase +45.6% (+8,265 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -22.8% (-4,112 JPY/sq.m).



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 65,360 JPY/sq.m. The market value represents an increase of 6,249 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Murasakino, the lowest market value along this railway was 12,068 JPY/sq.m. The market value represents a decrease of 5,431 JPY (-31.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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(2014)1 year ago2 years ago
Yushima--4,166 JPY (0.0Y/720.0sq.m)
Hanaizumi--3,251 JPY (0.0Y/710.0sq.m)
Shimizuhara---
Ichinoseki-31,203 JPY (0.0Y/330.5sq.m)35,473 JPY (0.0Y/327.6sq.m)
Yamanome-6,000 JPY (0.0Y/100.0sq.m)25,600 JPY (0.0Y/250.0sq.m)
Hiraizumi-24,154 JPY (0.0Y/710.0sq.m)21,846 JPY (0.0Y/287.5sq.m)
Maesawa--4,158 JPY (0.0Y/85.0sq.m)
Rikuchuuorii--8,118 JPY (0.0Y/80.0sq.m)
Mizusawa16,410 JPY (0.0Y/453.7sq.m)19,204 JPY (0.0Y/418.9sq.m)21,416 JPY (0.0Y/346.6sq.m)
Kanegasaki-19,396 JPY (0.0Y/805.8sq.m)18,009 JPY (0.0Y/907.5sq.m)
Rokuhara-23,888 JPY (0.0Y/180.0sq.m)12,042 JPY (0.0Y/453.3sq.m)
Kitakami-25,951 JPY (0.0Y/344.1sq.m)28,605 JPY (0.0Y/412.1sq.m)
Murasakino12,068 JPY (0.0Y/580.0sq.m)17,499 JPY (0.0Y/353.1sq.m)19,505 JPY (0.0Y/489.4sq.m)
Hanamaki18,516 JPY (0.0Y/384.2sq.m)15,205 JPY (0.0Y/406.5sq.m)19,852 JPY (0.0Y/167.9sq.m)
Hanamakikuukou21,739 JPY (0.0Y/230.0sq.m)14,356 JPY (0.0Y/900.0sq.m)17,293 JPY (0.0Y/263.8sq.m)
Ishidoriya-17,391 JPY (0.0Y/230.0sq.m)10,057 JPY (0.0Y/536.7sq.m)
Hidume-14,192 JPY (0.0Y/795.0sq.m)25,263 JPY (0.0Y/190.0sq.m)
Shiwachuuou-14,962 JPY (0.0Y/298.3sq.m)20,969 JPY (0.0Y/776.7sq.m)
Furudate--32,000 JPY (0.0Y/200.0sq.m)
Yahaba-35,881 JPY (0.0Y/317.5sq.m)39,729 JPY (0.0Y/483.0sq.m)
Iwateiioka32,200 JPY (0.0Y/534.4sq.m)23,054 JPY (0.0Y/460.6sq.m)34,877 JPY (0.0Y/475.0sq.m)
Sennbokuchou65,360 JPY (0.0Y/593.6sq.m)59,111 JPY (0.0Y/411.5sq.m)38,457 JPY (0.0Y/368.6sq.m)
Morioka45,303 JPY (0.0Y/390.5sq.m)46,280 JPY (0.0Y/346.0sq.m)50,191 JPY (0.0Y/316.3sq.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

Hanamakikuukou21,739 JPY/sq.m (+51% compared with the previous year)

The average price of a sq.m Land of Hanamakikuukou was 21,739 JPY/sq.m. The market value represents an increase of 7,384 JPY (+51.4%) 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 230.0 sq.m (a -74.4% decrease compared to the 900.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.7 min in 2013 and 30.0 min in 2014; +104.5%)

Iwateiioka32,200 JPY/sq.m (+40% compared with the previous year)

The average price of a sq.m Land of Iwateiioka was 32,200 JPY/sq.m. The market value represents an increase of 9,146 JPY (+39.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 534.4 sq.m (a +16.0% increase compared to the 460.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.3 min in 2013 and 31.8 min in 2014; -28.3%)

Murasakino12,068 JPY/sq.m (-31% compared with the previous year)

The average price of a sq.m Land of Murasakino was 12,068 JPY/sq.m. The market value represents a decrease of 5,431 JPY (-31.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 580.0 sq.m (a +64.2% increase compared to the 353.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2013 and 25.0 min in 2014; +25.0%)

Mizusawa16,410 JPY/sq.m (-15% compared with the previous year)

The average price of a sq.m Land of Mizusawa was 16,410 JPY/sq.m. The market value represents a decrease of 2,794 JPY (-14.6%) compared to 1 year ago and a transition to a weak market. 15 properties exchanged hands ( The market value represents a decrease of 12 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 453.7 sq.m (a +8.3% increase compared to the 418.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 36.6 min in 2013 and 32.0 min in 2014; -12.6%)

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)