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, 2015 to Dec, 2015 was 40,574 JPY/sq.m. The market value represents an increase of 7,339 JPY (+22.1%) compared to 1 year ago and a transition to a dramatic market. 81 properties exchanged hands ( The market value represents an increase of 15 (+22.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 378.3 sq.m (a -15.0% decrease compared to the 445.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

5 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Hanamaki, Morioka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +42.4% compared to last year; a sq.m unit now costs 64,531 JPY/sq.m.

The top 2 stations has seen prices increase +37.2% (+12,577 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -11.0% (-2,701 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 30.6 min in 2014 and 24.8 min in 2015; -19.1%)

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 Sennbokuchou, the highest market value along this railway was 75,419 JPY/sq.m. The market value represents an increase of 10,060 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Hanamakikuukou, the lowest market value along this railway was 14,473 JPY/sq.m. The market value represents a decrease of 7,266 JPY (-33.4%) 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(2015)1 year ago2 years ago
Yushima---
Hanaizumi---
Shimizuhara---
Ichinoseki33,351 JPY (0.0Y/328.0sq.m)-31,203 JPY (0.0Y/330.5sq.m)
Yamanome--6,000 JPY (0.0Y/100.0sq.m)
Hiraizumi1,388 JPY (0.0Y/1800.0sq.m)-24,154 JPY (0.0Y/710.0sq.m)
Maesawa---
Rikuchuuorii---
Mizusawa18,275 JPY (0.0Y/360.0sq.m)16,410 JPY (0.0Y/453.7sq.m)19,204 JPY (0.0Y/418.9sq.m)
Kanegasaki21,036 JPY (0.0Y/262.5sq.m)-19,396 JPY (0.0Y/805.8sq.m)
Rokuhara--23,888 JPY (0.0Y/180.0sq.m)
Kitakami25,719 JPY (0.0Y/271.1sq.m)-25,951 JPY (0.0Y/344.1sq.m)
Murasakino-12,068 JPY (0.0Y/580.0sq.m)17,499 JPY (0.0Y/353.1sq.m)
Hanamaki24,443 JPY (0.0Y/437.3sq.m)18,516 JPY (0.0Y/384.2sq.m)15,205 JPY (0.0Y/406.5sq.m)
Hanamakikuukou14,473 JPY (0.0Y/380.0sq.m)21,739 JPY (0.0Y/230.0sq.m)14,356 JPY (0.0Y/900.0sq.m)
Ishidoriya7,661 JPY (0.0Y/267.5sq.m)-17,391 JPY (0.0Y/230.0sq.m)
Hidume21,018 JPY (0.0Y/816.7sq.m)-14,192 JPY (0.0Y/795.0sq.m)
Shiwachuuou31,786 JPY (0.0Y/135.0sq.m)-14,962 JPY (0.0Y/298.3sq.m)
Furudate---
Yahaba--35,881 JPY (0.0Y/317.5sq.m)
Iwateiioka38,294 JPY (0.0Y/470.8sq.m)32,200 JPY (0.0Y/534.4sq.m)23,054 JPY (0.0Y/460.6sq.m)
Sennbokuchou75,419 JPY (0.0Y/190.0sq.m)65,360 JPY (0.0Y/593.6sq.m)59,111 JPY (0.0Y/411.5sq.m)
Morioka64,531 JPY (0.0Y/279.6sq.m)45,303 JPY (0.0Y/390.5sq.m)46,280 JPY (0.0Y/346.0sq.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

Morioka64,531 JPY/sq.m (+42% compared with the previous year)

The average price of a sq.m Land of Morioka was 64,531 JPY/sq.m. The market value represents an increase of 19,228 JPY (+42.4%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 3 (+15.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 279.6 sq.m (a -28.4% decrease compared to the 390.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 32.5 min in 2014 and 27.5 min in 2015; -15.4%)

Hanamaki24,443 JPY/sq.m (+32% compared with the previous year)

The average price of a sq.m Land of Hanamaki was 24,443 JPY/sq.m. The market value represents an increase of 5,927 JPY (+32.0%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 437.3 sq.m (a +13.8% increase compared to the 384.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.2 min in 2014 and 21.6 min in 2015; -32.9%)

Hanamakikuukou14,473 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Hanamakikuukou was 14,473 JPY/sq.m. The market value represents a decrease of 7,266 JPY (-33.4%) 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 380.0 sq.m (a +65.2% increase compared to the 230.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 12.0 min in 2015; -60.0%)

Mizusawa18,275 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Land of Mizusawa was 18,275 JPY/sq.m. The market value represents an increase of 1,864 JPY (+11.4%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 8 (-53.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 360.0 sq.m (a -20.6% decrease compared to the 453.7 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 32.0 min in 2014 and 37.9 min in 2015; +18.3%)

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)