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, 2016 to Dec, 2016 was 34,192 JPY/sq.m. The market value represents an increase of 561 JPY (+1.7%) compared to 1 year ago and a transition to a slight market. 528 properties exchanged hands ( The market value represents an increase of 148 (+38.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 430.8 sq.m (a -4.1% decrease compared to the 449.0 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.

12 stations have experienced increased prices; 7 stations have experienced decreased prices. The overall trend was the same as last year. Kitakami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kitakami station, where prices have increased +20.6% compared to last year; a sq.m unit now costs 31,085 JPY/sq.m.

The top 2 stations has seen prices increase +19.5% (+4,346 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -69.7% (-7,632 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.3% of total transactions in 2015 and 0.4% of total transactions in 2016)

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 3.4% of total transactions in 2015 and 2.3% 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:

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Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 60,536 JPY/sq.m. The market value represents an increase of 7,402 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 101 properties exchanged hands ( The market value represents an increase of 14 (+16.1%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Hanaizumi, the lowest market value along this railway was 1,912 JPY/sq.m. The market value represents a decrease of 7,176 JPY (-79.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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)-5,153 JPY (0.0Y/1300.0sq.m)
Hanaizumi1,912 JPY (0.0Y/77.5sq.m)9,087 JPY (0.0Y/840.0sq.m)6,944 JPY (0.0Y/480.0sq.m)
Shimizuhara---
Ichinoseki29,160 JPY (0.0Y/453.8sq.m)26,888 JPY (0.0Y/481.3sq.m)25,537 JPY (0.0Y/507.0sq.m)
Yamanome31,228 JPY (0.0Y/376.7sq.m)--
Hiraizumi10,064 JPY (0.0Y/501.9sq.m)9,649 JPY (0.0Y/727.5sq.m)-
Maesawa11,600 JPY (0.0Y/677.2sq.m)-29,473 JPY (0.0Y/190.0sq.m)
Rikuchuuorii5,305 JPY (0.0Y/885.0sq.m)13,392 JPY (0.0Y/195.0sq.m)-
Mizusawa16,017 JPY (0.0Y/445.3sq.m)20,171 JPY (0.0Y/454.9sq.m)17,146 JPY (0.0Y/424.8sq.m)
Kanegasaki21,424 JPY (0.0Y/848.3sq.m)21,137 JPY (0.0Y/260.0sq.m)15,569 JPY (0.0Y/610.9sq.m)
Rokuhara9,948 JPY (0.0Y/712.9sq.m)14,166 JPY (0.0Y/1133.3sq.m)23,958 JPY (0.0Y/1051.1sq.m)
Kitakami31,085 JPY (0.0Y/388.2sq.m)25,778 JPY (0.0Y/306.7sq.m)29,141 JPY (0.0Y/297.8sq.m)
Murasakino16,321 JPY (0.0Y/572.8sq.m)21,602 JPY (0.0Y/1132.7sq.m)10,120 JPY (0.0Y/873.6sq.m)
Hanamaki19,523 JPY (0.0Y/466.2sq.m)18,672 JPY (0.0Y/512.4sq.m)16,639 JPY (0.0Y/368.9sq.m)
Hanamakikuukou12,389 JPY (0.0Y/593.0sq.m)10,574 JPY (0.0Y/996.0sq.m)13,797 JPY (0.0Y/786.2sq.m)
Ishidoriya13,967 JPY (0.0Y/280.5sq.m)18,630 JPY (0.0Y/271.1sq.m)6,809 JPY (0.0Y/412.5sq.m)
Hidume24,679 JPY (0.0Y/473.3sq.m)23,377 JPY (0.0Y/665.0sq.m)15,796 JPY (0.0Y/232.5sq.m)
Shiwachuuou21,798 JPY (0.0Y/253.3sq.m)18,413 JPY (0.0Y/274.5sq.m)21,894 JPY (0.0Y/386.0sq.m)
Furudate16,036 JPY (0.0Y/621.0sq.m)31,844 JPY (0.0Y/308.3sq.m)-
Yahaba35,492 JPY (0.0Y/519.4sq.m)32,958 JPY (0.0Y/495.0sq.m)35,978 JPY (0.0Y/450.8sq.m)
Iwateiioka47,892 JPY (0.0Y/297.9sq.m)43,583 JPY (0.0Y/320.4sq.m)44,534 JPY (0.0Y/383.4sq.m)
Sennbokuchou60,223 JPY (0.0Y/376.7sq.m)58,893 JPY (0.0Y/485.6sq.m)57,667 JPY (0.0Y/638.2sq.m)
Morioka60,536 JPY (0.0Y/374.7sq.m)53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.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

Kitakami31,085 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Land of Kitakami was 31,085 JPY/sq.m. The market value represents an increase of 5,306 JPY (+20.6%) compared to 1 year ago and a transition to a dramatic market. 38 properties exchanged hands ( The market value represents an increase of 12 (+46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 388.2 sq.m (a +26.5% increase compared to the 306.7 sq.m of last year.).

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 11.5% of total transactions in 2015 and 2.6% of total transactions in 2016)

Shiwachuuou21,798 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Land of Shiwachuuou was 21,798 JPY/sq.m. The market value represents an increase of 3,385 JPY (+18.4%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents an increase of 4 (+36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 253.3 sq.m (a -7.7% decrease compared to the 274.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2015 and 16.0 min in 2016; -25.7%)

Hanaizumi1,912 JPY/sq.m (-79% compared with the previous year)

The average price of a sq.m Land of Hanaizumi was 1,912 JPY/sq.m. The market value represents a decrease of 7,176 JPY (-79.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 77.5 sq.m (a -90.8% decrease compared to the 840.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 59.8 min in 2015 and 105.0 min in 2016; +75.6%)

Rikuchuuorii5,305 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Land of Rikuchuuorii was 5,305 JPY/sq.m. The market value represents a decrease of 8,088 JPY (-60.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 885.0 sq.m (a +353.8% increase compared to the 195.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 45.0 min in 2015 and 22.0 min in 2016; -51.1%)

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)