JR Tohoku Main Line Land market overview

The average price of a sq.m Land of JR Tohoku Main Line (Yushima to Morioka), in Jan, 2015 to Dec, 2015 was 33,631 JPY/sq.m. The market value represents an increase of 2,276 JPY (+7.3%) compared to 1 year ago and a transition to a strong market. 380 properties exchanged hands ( The market value represents an increase of 58 (+18.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 449.0 sq.m (a +0.2% increase compared to the 448.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

10 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Hanaizumi, Kanegasaki, Hidume 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 +173.6% compared to last year; a sq.m unit now costs 18,630 JPY/sq.m.

The top 2 stations has seen prices increase +143.5% (+11,652 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.1% (-6,507 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 1.9% of total transactions in 2014 and 3.4% of total transactions in 2015)

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 0.6% of total transactions in 2014 and 0.3% 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:

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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 58,893 JPY/sq.m. The market value represents an increase of 1,226 JPY (+2.1%) compared to 1 year ago and a transition to a slight market. 27 properties exchanged hands ( The market value represents an increase of 7 (+35.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hanaizumi, the lowest market value along this railway was 9,087 JPY/sq.m. The market value represents an increase of 2,143 JPY (+30.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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-5,153 JPY (0.0Y/1300.0sq.m)14,469 JPY (0.0Y/255.0sq.m)
Hanaizumi9,087 JPY (0.0Y/840.0sq.m)6,944 JPY (0.0Y/480.0sq.m)6,001 JPY (0.0Y/878.1sq.m)
Shimizuhara---
Ichinoseki26,888 JPY (0.0Y/481.3sq.m)25,537 JPY (0.0Y/507.0sq.m)28,871 JPY (0.0Y/379.9sq.m)
Yamanome--6,000 JPY (0.0Y/1050.0sq.m)
Hiraizumi9,649 JPY (0.0Y/727.5sq.m)-24,154 JPY (0.0Y/710.0sq.m)
Maesawa-29,473 JPY (0.0Y/190.0sq.m)19,717 JPY (0.0Y/335.5sq.m)
Rikuchuuorii13,392 JPY (0.0Y/195.0sq.m)-13,510 JPY (0.0Y/173.3sq.m)
Mizusawa20,171 JPY (0.0Y/454.9sq.m)17,146 JPY (0.0Y/424.8sq.m)24,514 JPY (0.0Y/446.9sq.m)
Kanegasaki21,137 JPY (0.0Y/260.0sq.m)15,569 JPY (0.0Y/610.9sq.m)14,863 JPY (0.0Y/758.9sq.m)
Rokuhara14,166 JPY (0.0Y/1133.3sq.m)23,958 JPY (0.0Y/1051.1sq.m)24,168 JPY (0.0Y/447.8sq.m)
Kitakami25,778 JPY (0.0Y/306.7sq.m)29,141 JPY (0.0Y/297.8sq.m)27,824 JPY (0.0Y/447.0sq.m)
Murasakino21,602 JPY (0.0Y/1132.7sq.m)10,120 JPY (0.0Y/873.6sq.m)16,329 JPY (0.0Y/379.2sq.m)
Hanamaki18,672 JPY (0.0Y/512.4sq.m)16,639 JPY (0.0Y/368.9sq.m)17,395 JPY (0.0Y/392.7sq.m)
Hanamakikuukou10,574 JPY (0.0Y/996.0sq.m)13,797 JPY (0.0Y/786.2sq.m)12,631 JPY (0.0Y/429.1sq.m)
Ishidoriya18,630 JPY (0.0Y/271.1sq.m)6,809 JPY (0.0Y/412.5sq.m)10,297 JPY (0.0Y/527.5sq.m)
Hidume23,377 JPY (0.0Y/665.0sq.m)15,796 JPY (0.0Y/232.5sq.m)20,803 JPY (0.0Y/472.9sq.m)
Shiwachuuou18,413 JPY (0.0Y/274.5sq.m)21,894 JPY (0.0Y/386.0sq.m)23,005 JPY (0.0Y/363.7sq.m)
Furudate31,844 JPY (0.0Y/308.3sq.m)-25,807 JPY (0.0Y/245.7sq.m)
Yahaba32,958 JPY (0.0Y/495.0sq.m)35,978 JPY (0.0Y/450.8sq.m)31,188 JPY (0.0Y/409.0sq.m)
Iwateiioka43,583 JPY (0.0Y/320.4sq.m)44,534 JPY (0.0Y/383.4sq.m)35,788 JPY (0.0Y/482.4sq.m)
Sennbokuchou58,893 JPY (0.0Y/485.6sq.m)57,667 JPY (0.0Y/638.2sq.m)53,634 JPY (0.0Y/346.0sq.m)
Morioka53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.m)50,074 JPY (0.0Y/336.0sq.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.
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Noteworthy stations

Ishidoriya18,630 JPY/sq.m (+174% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 18,630 JPY/sq.m. The market value represents an increase of 11,821 JPY (+173.6%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 5 (+125.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 271.1 sq.m (a -34.3% decrease compared to the 412.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 46.5 min in 2014 and 27.7 min in 2015; -40.5%)

Murasakino21,602 JPY/sq.m (+113% compared with the previous year)

The average price of a sq.m Land of Murasakino was 21,602 JPY/sq.m. The market value represents an increase of 11,482 JPY (+113.5%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 4 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1132.7 sq.m (a +29.7% increase compared to the 873.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 28.9 min in 2014 and 25.6 min in 2015; -11.2%)

Rokuhara14,166 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Rokuhara was 14,166 JPY/sq.m. The market value represents a decrease of 9,792 JPY (-40.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1133.3 sq.m (a +7.8% increase compared to the 1051.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 26.6 min in 2014 and 21.3 min in 2015; -19.7%)

Hanamakikuukou10,574 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Hanamakikuukou was 10,574 JPY/sq.m. The market value represents a decrease of 3,223 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 996.0 sq.m (a +26.7% increase compared to the 786.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.5 min in 2014 and 35.0 min in 2015; +62.8%)

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)