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 Dec, 2013 was 35,093 JPY/sq.m. The market value represents a decrease of 835 JPY (-2.3%) compared to 1 year ago and a transition to a slight market. 515 properties exchanged hands ( The market value represents an increase of 221 (+75.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 327.7 sq.m (a -11.7% decrease compared to the 371.2 sq.m of last year.).

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

6 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Miyako, Sokei, Toyomane, Rikuchuuyamada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toyomane station, where prices have increased +57.4% compared to last year; a sq.m unit now costs 18,181 JPY/sq.m.

The top 2 stations has seen prices increase +50.2% (+8,078 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.2% (-7,647 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 0.7% of total transactions in 2012 and 2.7% of total transactions in 2013)

Causes of price decreases

  • An increase in average distance from the station (representing 38.6 min in 2012 and 42.6 min in 2013; +10.4%)

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 50,074 JPY/sq.m. The market value represents an increase of 3,054 JPY (+6.5%) compared to 1 year ago and a transition to a strong market. 172 properties exchanged hands ( The market value represents an increase of 39 (+29.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Iwatefunakoshi, the lowest market value along this railway was 8,113 JPY/sq.m. The market value represents a decrease of 7,292 JPY (-47.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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
Morioka50,074 JPY (0.0Y/336.0sq.m)47,020 JPY (0.0Y/343.2sq.m)56,633 JPY (0.0Y/288.3sq.m)
Kamimorioka-30,625 JPY (0.0Y/1600.0sq.m)4,416 JPY (0.0Y/127.5sq.m)
Yamagishi-33,859 JPY (0.0Y/183.8sq.m)23,653 JPY (0.0Y/263.0sq.m)
Moichi18,755 JPY (0.0Y/266.7sq.m)--
Senntoku30,202 JPY (0.0Y/307.9sq.m)31,559 JPY (0.0Y/311.5sq.m)28,973 JPY (0.0Y/391.2sq.m)
Miyako31,722 JPY (0.0Y/308.5sq.m)25,459 JPY (0.0Y/389.9sq.m)24,381 JPY (0.0Y/279.4sq.m)
Sokei31,706 JPY (0.0Y/319.6sq.m)22,183 JPY (0.0Y/628.6sq.m)31,297 JPY (0.0Y/215.0sq.m)
Tsugaruishi9,746 JPY (0.0Y/906.0sq.m)17,749 JPY (0.0Y/729.3sq.m)11,015 JPY (0.0Y/356.2sq.m)
Toyomane18,181 JPY (0.0Y/330.0sq.m)11,548 JPY (0.0Y/285.0sq.m)20,148 JPY (0.0Y/288.0sq.m)
Rikuchuuyamada25,167 JPY (0.0Y/238.7sq.m)19,016 JPY (0.0Y/215.0sq.m)21,212 JPY (0.0Y/165.0sq.m)
Orikasa11,364 JPY (0.0Y/322.5sq.m)--
Iwatefunakoshi8,113 JPY (0.0Y/416.2sq.m)15,405 JPY (0.0Y/370.0sq.m)25,290 JPY (0.0Y/232.5sq.m)
Ootsuchi-14,062 JPY (0.0Y/371.7sq.m)21,600 JPY (0.0Y/250.0sq.m)
Unosumai9,017 JPY (0.0Y/428.1sq.m)-15,483 JPY (0.0Y/705.0sq.m)
Ryouishi4,826 JPY (0.0Y/264.0sq.m)--
Kamaishi30,513 JPY (0.0Y/312.7sq.m)28,415 JPY (0.0Y/348.1sq.m)24,473 JPY (0.0Y/401.5sq.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

Toyomane18,181 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Toyomane was 18,181 JPY/sq.m. The market value represents an increase of 6,634 JPY (+57.4%) compared to 1 year ago and a transition to a dramatic 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 330.0 sq.m (a +15.8% increase compared to the 285.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 45.0 min in 2012 and 15.0 min in 2013; -66.7%)

Sokei31,706 JPY/sq.m (+43% compared with the previous year)

The average price of a sq.m Land of Sokei was 31,706 JPY/sq.m. The market value represents an increase of 9,523 JPY (+42.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 5 (+71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 319.6 sq.m (a -49.2% decrease compared to the 628.6 sq.m of last year.).

Iwatefunakoshi8,113 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Land of Iwatefunakoshi was 8,113 JPY/sq.m. The market value represents a decrease of 7,292 JPY (-47.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 416.2 sq.m (a +12.5% increase compared to the 370.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2012 and 12.5 min in 2013; -79.2%)

Tsugaruishi9,746 JPY/sq.m (-45% compared with the previous year)

The average price of a sq.m Land of Tsugaruishi was 9,746 JPY/sq.m. The market value represents a decrease of 8,003 JPY (-45.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 906.0 sq.m (a +24.2% increase compared to the 729.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.9 min in 2012 and 26.2 min in 2013; +46.7%)

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)