JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jul, 2014 to Sep, 2014 was 34,364 JPY/sq.m. The market value represents an increase of 1,768 JPY (+5.4%) compared to 1 year ago and a transition to a strong market. 59 properties exchanged hands ( The market value represents a decrease of 94 (-61.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.3 sq.m (a +5.5% increase compared to the 324.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kamaishi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kamaishi station, where prices have increased +18.9% compared to last year; a sq.m unit now costs 27,545 JPY/sq.m.

The top 1 stations has seen prices increase +18.9% (+4,379 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -0.8% (-426 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 47.2 min in 2013 and 55.7 min in 2014; +17.8%)

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 53,205 JPY/sq.m. The market value represents a decrease of 426 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 34 (-63.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Senntoku, the lowest market value along this railway was 24,000 JPY/sq.m. The market value represents an increase of 1,430 JPY (+6.3%) compared to 1 year ago and a transition to a strong market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2014)1 year ago2 years ago
Morioka53,205 JPY (0.0Y/357.5sq.m)53,631 JPY (0.0Y/266.3sq.m)46,294 JPY (0.0Y/346.8sq.m)
Kamimorioka--30,625 JPY (0.0Y/1600.0sq.m)
Yamagishi---
Moichi-18,874 JPY (0.0Y/265.0sq.m)-
Senntoku24,000 JPY (0.0Y/300.0sq.m)22,570 JPY (0.0Y/295.0sq.m)29,773 JPY (0.0Y/285.8sq.m)
Miyako-37,235 JPY (0.0Y/213.9sq.m)23,484 JPY (0.0Y/215.0sq.m)
Sokei-31,338 JPY (0.0Y/434.0sq.m)13,888 JPY (0.0Y/1800.0sq.m)
Tsugaruishi9,656 JPY (0.0Y/300.0sq.m)-20,514 JPY (0.0Y/237.5sq.m)
Toyomane---
Rikuchuuyamada-12,923 JPY (0.0Y/65.0sq.m)-
Orikasa---
Iwatefunakoshi---
Ootsuchi--7,043 JPY (0.0Y/115.0sq.m)
Unosumai-8,583 JPY (0.0Y/460.5sq.m)-
Ryouishi-4,826 JPY (0.0Y/264.0sq.m)-
Kamaishi27,545 JPY (0.0Y/342.0sq.m)23,167 JPY (0.0Y/355.4sq.m)39,909 JPY (0.0Y/414.2sq.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.
Top

Noteworthy stations

Kamaishi27,545 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 27,545 JPY/sq.m. The market value represents an increase of 4,379 JPY (+18.9%) compared to 1 year ago and a transition to a bull market. 32 properties exchanged hands ( The market value represents a decrease of 19 (-37.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.0 sq.m (a -3.8% decrease compared to the 355.4 sq.m of last year.).

Morioka53,205 JPY/sq.m (-1% compared with the previous year)

The average price of a sq.m Land of Morioka was 53,205 JPY/sq.m. The market value represents a decrease of 426 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 34 (-63.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.5 sq.m (a +34.2% increase compared to the 266.3 sq.m of last year.).


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)