JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jul, 2013 to Sep, 2013 was 32,596 JPY/sq.m. The market value represents a decrease of 8,276 JPY (-20.2%) compared to 1 year ago and a transition to a dramatic market. 153 properties exchanged hands ( The market value represents an increase of 78 (+104.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 324.4 sq.m (a -17.0% decrease compared to the 390.7 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.

3 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 Sokei station, where prices have increased +125.6% compared to last year; a sq.m unit now costs 31,338 JPY/sq.m.

The top 1 stations has seen prices increase +125.6% (+17,450 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.0% (-16,742 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 32.9 min in 2012 and 47.2 min in 2013; +43.7%)

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:

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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 53,631 JPY/sq.m. The market value represents an increase of 7,336 JPY (+15.8%) compared to 1 year ago and a transition to a bull market. 54 properties exchanged hands ( The market value represents an increase of 2 (+3.8%) compared to 1 year ago and a transition to a some market.).

The average price of a sq.m Land of Senntoku, the lowest market value along this railway was 22,570 JPY/sq.m. The market value represents a decrease of 7,203 JPY (-24.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2013)1 year ago2 years ago
Morioka53,631 JPY (0.0Y/266.3sq.m)46,294 JPY (0.0Y/346.8sq.m)65,472 JPY (0.0Y/244.8sq.m)
Kamimorioka-30,625 JPY (0.0Y/1600.0sq.m)4,416 JPY (0.0Y/127.5sq.m)
Yamagishi--15,430 JPY (0.0Y/185.0sq.m)
Moichi18,874 JPY (0.0Y/265.0sq.m)--
Senntoku22,570 JPY (0.0Y/295.0sq.m)29,773 JPY (0.0Y/285.8sq.m)30,035 JPY (0.0Y/258.9sq.m)
Miyako37,235 JPY (0.0Y/213.9sq.m)23,484 JPY (0.0Y/215.0sq.m)21,922 JPY (0.0Y/325.7sq.m)
Sokei31,338 JPY (0.0Y/434.0sq.m)13,888 JPY (0.0Y/1800.0sq.m)27,949 JPY (0.0Y/220.0sq.m)
Tsugaruishi-20,514 JPY (0.0Y/237.5sq.m)5,694 JPY (0.0Y/467.5sq.m)
Toyomane---
Rikuchuuyamada12,923 JPY (0.0Y/65.0sq.m)-21,212 JPY (0.0Y/165.0sq.m)
Orikasa---
Iwatefunakoshi--12,068 JPY (0.0Y/290.0sq.m)
Ootsuchi-7,043 JPY (0.0Y/115.0sq.m)-
Unosumai8,583 JPY (0.0Y/460.5sq.m)--
Ryouishi4,826 JPY (0.0Y/264.0sq.m)--
Kamaishi23,167 JPY (0.0Y/355.4sq.m)39,909 JPY (0.0Y/414.2sq.m)23,798 JPY (0.0Y/270.0sq.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

Sokei31,338 JPY/sq.m (+126% compared with the previous year)

The average price of a sq.m Land of Sokei was 31,338 JPY/sq.m. The market value represents an increase of 17,450 JPY (+125.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 434.0 sq.m (a -75.9% decrease compared to the 1800.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2012 and 46.2 min in 2013; +54.0%)

Kamaishi23,167 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 23,167 JPY/sq.m. The market value represents a decrease of 16,742 JPY (-42.0%) compared to 1 year ago and a transition to a dramatic market. 51 properties exchanged hands ( The market value represents an increase of 45 (+750.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 355.4 sq.m (a -14.2% decrease compared to the 414.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 50.8 min in 2012 and 76.8 min in 2013; +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)