JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Apr, 2013 to Jun, 2013 was 35,927 JPY/sq.m. The market value represents a decrease of 1,354 JPY (-3.6%) compared to 1 year ago and a transition to a some market. 114 properties exchanged hands ( The market value represents an increase of 64 (+128.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.7 sq.m (a -7.1% decrease compared to the 302.1 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.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Miyako station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Miyako station, where prices have increased +46.8% compared to last year; a sq.m unit now costs 27,268 JPY/sq.m.

The top 2 stations has seen prices increase +32.1% (+5,811 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -33.3% (-12,862 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 32.6 min in 2012 and 47.6 min in 2013; +46.2%)

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 53,486 JPY/sq.m. The market value represents an increase of 3,417 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 40 properties exchanged hands ( The market value represents an increase of 17 (+73.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsugaruishi, the lowest market value along this railway was 19,791 JPY/sq.m. The market value represents an increase of 2,932 JPY (+17.4%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2013)1 year ago2 years ago
Morioka53,486 JPY (0.0Y/308.6sq.m)50,070 JPY (0.0Y/342.0sq.m)49,667 JPY (0.0Y/444.5sq.m)
Kamimorioka---
Yamagishi-31,642 JPY (0.0Y/107.5sq.m)-
Moichi18,518 JPY (0.0Y/270.0sq.m)--
Senntoku22,500 JPY (0.0Y/160.0sq.m)38,796 JPY (0.0Y/266.0sq.m)32,790 JPY (0.0Y/256.7sq.m)
Miyako27,268 JPY (0.0Y/144.0sq.m)18,578 JPY (0.0Y/293.9sq.m)21,388 JPY (0.0Y/237.3sq.m)
Sokei32,167 JPY (0.0Y/219.0sq.m)29,843 JPY (0.0Y/240.0sq.m)35,369 JPY (0.0Y/190.0sq.m)
Tsugaruishi19,791 JPY (0.0Y/480.0sq.m)16,858 JPY (0.0Y/215.0sq.m)16,336 JPY (0.0Y/245.0sq.m)
Toyomane--15,525 JPY (0.0Y/320.0sq.m)
Rikuchuuyamada-6,400 JPY (0.0Y/75.0sq.m)-
Orikasa---
Iwatefunakoshi--30,227 JPY (0.0Y/210.0sq.m)
Ootsuchi-17,572 JPY (0.0Y/500.0sq.m)-
Unosumai9,174 JPY (0.0Y/381.7sq.m)--
Ryouishi---
Kamaishi28,824 JPY (0.0Y/307.3sq.m)38,252 JPY (0.0Y/266.2sq.m)21,845 JPY (0.0Y/817.1sq.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

Miyako27,268 JPY/sq.m (+47% compared with the previous year)

The average price of a sq.m Land of Miyako was 27,268 JPY/sq.m. The market value represents an increase of 8,690 JPY (+46.8%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 11 (+122.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 144.0 sq.m (a -51.0% decrease compared to the 293.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 46.7 min in 2012 and 31.2 min in 2013; -33.1%)

Tsugaruishi19,791 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Tsugaruishi was 19,791 JPY/sq.m. The market value represents an increase of 2,932 JPY (+17.4%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 480.0 sq.m (a +123.3% increase compared to the 215.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.5 min in 2012 and 30.0 min in 2013; +300.0%)

Senntoku22,500 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Senntoku was 22,500 JPY/sq.m. The market value represents a decrease of 16,296 JPY (-42.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 160.0 sq.m (a -39.8% decrease compared to the 266.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.4 min in 2012 and 30.0 min in 2013; +82.9%)

Kamaishi28,824 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 28,824 JPY/sq.m. The market value represents a decrease of 9,427 JPY (-24.6%) compared to 1 year ago and a transition to a dramatic market. 39 properties exchanged hands ( The market value represents an increase of 35 (+875.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 307.3 sq.m (a +15.4% increase compared to the 266.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.8 min in 2012 and 75.2 min in 2013; +446.8%)

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)