JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jan, 2013 to Mar, 2013 was 35,070 JPY/sq.m. The market value represents an increase of 3,515 JPY (+11.1%) compared to 1 year ago and a transition to a bull market. 88 properties exchanged hands ( The market value represents an increase of 13 (+17.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 407.1 sq.m (a +12.4% increase compared to the 362.1 sq.m of last year.).

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

4 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Sokei, Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kamaishi station, where prices have increased +51.2% compared to last year; a sq.m unit now costs 33,971 JPY/sq.m.

The top 1 stations has seen prices increase +51.2% (+11,506 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -3.7% (-1,136 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in JR Yamada 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 Morioka, the highest market value along this railway was 44,509 JPY/sq.m. The market value represents an increase of 2,452 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 30 properties exchanged hands ( The market value represents an increase of 3 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Miyako, the lowest market value along this railway was 27,441 JPY/sq.m. The market value represents an increase of 1,547 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 12 properties exchanged hands ( The market value represents a decrease of 1 (-7.7%) compared to 1 year ago and a transition to a bear market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2013)1 year ago2 years ago
Morioka44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.m)44,453 JPY (0.0Y/253.6sq.m)
Kamimorioka---
Yamagishi-36,363 JPY (0.0Y/330.0sq.m)34,042 JPY (0.0Y/470.0sq.m)
Moichi---
Senntoku29,814 JPY (0.0Y/248.0sq.m)30,950 JPY (0.0Y/318.6sq.m)-
Miyako27,441 JPY (0.0Y/397.9sq.m)25,894 JPY (0.0Y/399.2sq.m)-
Sokei31,476 JPY (0.0Y/285.0sq.m)25,278 JPY (0.0Y/225.0sq.m)-
Tsugaruishi8,410 JPY (0.0Y/225.0sq.m)--
Toyomane---
Rikuchuuyamada18,181 JPY (0.0Y/110.0sq.m)--
Orikasa---
Iwatefunakoshi-15,405 JPY (0.0Y/370.0sq.m)-
Ootsuchi---
Unosumai12,857 JPY (0.0Y/350.0sq.m)-27,200 JPY (0.0Y/250.0sq.m)
Ryouishi---
Kamaishi33,971 JPY (0.0Y/396.4sq.m)22,465 JPY (0.0Y/345.7sq.m)21,428 JPY (0.0Y/210.0sq.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

Kamaishi33,971 JPY/sq.m (+51% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 33,971 JPY/sq.m. The market value represents an increase of 11,506 JPY (+51.2%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 20 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 396.4 sq.m (a +14.7% increase compared to the 345.7 sq.m of last year.).

Senntoku29,814 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Land of Senntoku was 29,814 JPY/sq.m. The market value represents a decrease of 1,136 JPY (-3.7%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents a decrease of 9 (-64.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 248.0 sq.m (a -22.2% decrease compared to the 318.6 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 19.8 min in 2012 and 23.0 min in 2013; +16.2%)

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)