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, 2016 to Jun, 2016 was 29,773 JPY/sq.m. The market value represents a decrease of 2,529 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 168 properties exchanged hands ( The market value represents an increase of 93 (+124.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 448.8 sq.m (a -5.1% decrease compared to the 472.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

6 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Kitakami, Hanamakikuukou, Yahaba 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 +93.9% compared to last year; a sq.m unit now costs 12,121 JPY/sq.m.

The top 2 stations has seen prices increase +86.3% (+11,344 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.5% (-14,565 JPY/sq.m).


Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.7% of total transactions in 2015 and 3.0% of total transactions in 2016)

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 70,024 JPY/sq.m. The market value represents an increase of 11,644 JPY (+19.9%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) 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 12,121 JPY/sq.m. The market value represents an increase of 5,871 JPY (+93.9%) 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.).

JR Tohoku Main Line (Stations Land market overview)
JR Tohoku Main LineThis year(2016)1 year ago2 years ago
Yushima3,529 JPY (0.0Y/850.0sq.m)--
Hanaizumi---
Shimizuhara---
Ichinoseki31,265 JPY (0.0Y/480.0sq.m)-24,182 JPY (0.0Y/250.0sq.m)
Yamanome27,724 JPY (0.0Y/395.0sq.m)--
Hiraizumi16,923 JPY (0.0Y/65.0sq.m)--
Maesawa20,995 JPY (0.0Y/579.0sq.m)--
Rikuchuuorii---
Mizusawa14,194 JPY (0.0Y/518.2sq.m)14,289 JPY (0.0Y/442.0sq.m)10,141 JPY (0.0Y/628.8sq.m)
Kanegasaki--12,482 JPY (0.0Y/531.9sq.m)
Rokuhara18,320 JPY (0.0Y/853.3sq.m)-30,730 JPY (0.0Y/353.3sq.m)
Kitakami33,144 JPY (0.0Y/366.5sq.m)26,749 JPY (0.0Y/288.0sq.m)31,084 JPY (0.0Y/367.5sq.m)
Murasakino16,185 JPY (0.0Y/552.7sq.m)26,977 JPY (0.0Y/940.0sq.m)-
Hanamaki17,698 JPY (0.0Y/561.8sq.m)17,590 JPY (0.0Y/705.6sq.m)-
Hanamakikuukou12,121 JPY (0.0Y/1443.3sq.m)6,250 JPY (0.0Y/400.0sq.m)16,352 JPY (0.0Y/865.0sq.m)
Ishidoriya12,922 JPY (0.0Y/235.0sq.m)28,729 JPY (0.0Y/208.3sq.m)4,078 JPY (0.0Y/470.0sq.m)
Hidume38,695 JPY (0.0Y/1115.0sq.m)-24,782 JPY (0.0Y/230.0sq.m)
Shiwachuuou14,251 JPY (0.0Y/301.9sq.m)17,000 JPY (0.0Y/210.0sq.m)27,628 JPY (0.0Y/360.0sq.m)
Furudate16,944 JPY (0.0Y/748.3sq.m)30,266 JPY (0.0Y/262.5sq.m)-
Yahaba38,182 JPY (0.0Y/227.5sq.m)21,365 JPY (0.0Y/575.0sq.m)39,715 JPY (0.0Y/190.0sq.m)
Iwateiioka45,074 JPY (0.0Y/327.9sq.m)61,048 JPY (0.0Y/188.0sq.m)42,018 JPY (0.0Y/248.3sq.m)
Sennbokuchou70,024 JPY (0.0Y/202.5sq.m)58,380 JPY (0.0Y/536.2sq.m)53,354 JPY (0.0Y/351.7sq.m)
Morioka47,457 JPY (0.0Y/247.4sq.m)43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.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

Hanamakikuukou12,121 JPY/sq.m (+94% compared with the previous year)

The average price of a sq.m Land of Hanamakikuukou was 12,121 JPY/sq.m. The market value represents an increase of 5,871 JPY (+93.9%) 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 1443.3 sq.m (a +260.8% increase compared to the 400.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2015 and 47.7 min in 2016; -20.6%)

Yahaba38,182 JPY/sq.m (+79% compared with the previous year)

The average price of a sq.m Land of Yahaba was 38,182 JPY/sq.m. The market value represents an increase of 16,817 JPY (+78.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 6 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 227.5 sq.m (a -60.4% decrease compared to the 575.0 sq.m of last year.).

Ishidoriya12,922 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Ishidoriya was 12,922 JPY/sq.m. The market value represents a decrease of 15,807 JPY (-55.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 235.0 sq.m (a +12.8% increase compared to the 208.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.3 min in 2015 and 74.0 min in 2016; +263.9%)

Furudate16,944 JPY/sq.m (-44% compared with the previous year)

The average price of a sq.m Land of Furudate was 16,944 JPY/sq.m. The market value represents a decrease of 13,322 JPY (-44.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 748.3 sq.m (a +185.1% increase compared to the 262.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.0 min in 2015 and 24.7 min in 2016; +105.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

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)