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, 2015 to Jun, 2015 was 32,302 JPY/sq.m. The market value represents an increase of 2,835 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 75 properties exchanged hands ( The market value represents an increase of 8 (+11.9%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 472.7 sq.m (a +5.8% increase compared to the 446.7 sq.m of last year.).

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

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Mizusawa, Iwateiioka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ishidoriya station, where prices have increased +604.4% compared to last year; a sq.m unit now costs 28,729 JPY/sq.m.

The top 2 stations has seen prices increase +324.9% (+21,840 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -54.0% (-14,226 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 33.7 min in 2014 and 29.5 min in 2015; -12.6%)

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 4.5% of total transactions in 2014 and 2.7% of total transactions in 2015)

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:

Top

Land stations market overview

The average price of a sq.m Land of Iwateiioka, the highest market value along this railway was 61,048 JPY/sq.m. The market value represents an increase of 19,030 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hanamakikuukou, the lowest market value along this railway was 6,250 JPY/sq.m. The market value represents a decrease of 10,102 JPY (-61.8%) 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 Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2015)1 year ago2 years ago
Yushima---
Hanaizumi--4,334 JPY (0.0Y/602.9sq.m)
Shimizuhara---
Ichinoseki-24,182 JPY (0.0Y/250.0sq.m)30,986 JPY (0.0Y/471.3sq.m)
Yamanome---
Hiraizumi---
Maesawa--17,154 JPY (0.0Y/422.0sq.m)
Rikuchuuorii--15,265 JPY (0.0Y/235.0sq.m)
Mizusawa14,289 JPY (0.0Y/442.0sq.m)10,141 JPY (0.0Y/628.8sq.m)22,007 JPY (0.0Y/278.3sq.m)
Kanegasaki-12,482 JPY (0.0Y/531.9sq.m)16,321 JPY (0.0Y/576.0sq.m)
Rokuhara-30,730 JPY (0.0Y/353.3sq.m)18,133 JPY (0.0Y/278.8sq.m)
Kitakami26,749 JPY (0.0Y/288.0sq.m)31,084 JPY (0.0Y/367.5sq.m)23,245 JPY (0.0Y/450.0sq.m)
Murasakino26,977 JPY (0.0Y/940.0sq.m)-19,426 JPY (0.0Y/363.3sq.m)
Hanamaki17,590 JPY (0.0Y/705.6sq.m)-19,641 JPY (0.0Y/395.7sq.m)
Hanamakikuukou6,250 JPY (0.0Y/400.0sq.m)16,352 JPY (0.0Y/865.0sq.m)14,833 JPY (0.0Y/235.0sq.m)
Ishidoriya28,729 JPY (0.0Y/208.3sq.m)4,078 JPY (0.0Y/470.0sq.m)10,698 JPY (0.0Y/915.0sq.m)
Hidume-24,782 JPY (0.0Y/230.0sq.m)-
Shiwachuuou17,000 JPY (0.0Y/210.0sq.m)27,628 JPY (0.0Y/360.0sq.m)20,997 JPY (0.0Y/484.0sq.m)
Furudate30,266 JPY (0.0Y/262.5sq.m)-24,524 JPY (0.0Y/205.0sq.m)
Yahaba21,365 JPY (0.0Y/575.0sq.m)39,715 JPY (0.0Y/190.0sq.m)25,277 JPY (0.0Y/360.8sq.m)
Iwateiioka61,048 JPY (0.0Y/188.0sq.m)42,018 JPY (0.0Y/248.3sq.m)35,711 JPY (0.0Y/532.9sq.m)
Sennbokuchou58,380 JPY (0.0Y/536.2sq.m)53,354 JPY (0.0Y/351.7sq.m)54,944 JPY (0.0Y/252.5sq.m)
Morioka43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)53,486 JPY (0.0Y/308.6sq.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.
Top

Noteworthy stations

Ishidoriya28,729 JPY/sq.m (+604% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 28,729 JPY/sq.m. The market value represents an increase of 24,650 JPY (+604.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 208.3 sq.m (a -55.7% decrease compared to the 470.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2014 and 20.3 min in 2015; -66.1%)

Iwateiioka61,048 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Iwateiioka was 61,048 JPY/sq.m. The market value represents an increase of 19,030 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 188.0 sq.m (a -24.3% decrease compared to the 248.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.7 min in 2014 and 25.4 min in 2015; -34.3%)

Hanamakikuukou6,250 JPY/sq.m (-62% compared with the previous year)

The average price of a sq.m Land of Hanamakikuukou was 6,250 JPY/sq.m. The market value represents a decrease of 10,102 JPY (-61.8%) 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 400.0 sq.m (a -53.8% decrease compared to the 865.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2014 and 60.0 min in 2015; +200.0%)

Yahaba21,365 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Yahaba was 21,365 JPY/sq.m. The market value represents a decrease of 18,350 JPY (-46.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 575.0 sq.m (a +202.6% 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 9.0 min in 2014 and 24.2 min in 2015; +169.4%)

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)