JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jan, 2015 to Mar, 2015 was 32,126 JPY/sq.m. The market value represents a decrease of 3,309 JPY (-9.3%) compared to 1 year ago and a transition to a bear market. 78 properties exchanged hands ( The market value represents an increase of 13 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 363.6 sq.m (a -1.1% decrease compared to the 367.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Senntoku, Miyako, Rikuchuuyamada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Senntoku station, where prices have increased +97.9% compared to last year; a sq.m unit now costs 37,099 JPY/sq.m.

The top 2 stations has seen prices increase +81.8% (+15,388 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -36.1% (-8,181 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 39.9 min in 2014 and 46.5 min in 2015; +16.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2014 and 1.3% of total transactions in 2015)

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 49,489 JPY/sq.m. The market value represents a decrease of 2,581 JPY (-5.0%) compared to 1 year ago and a transition to a some market. 24 properties exchanged hands ( The market value represents an increase of 5 (+26.3%) 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 7,574 JPY/sq.m. The market value represents a decrease of 5,153 JPY (-40.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2015)1 year ago2 years ago
Morioka49,489 JPY (0.0Y/381.9sq.m)52,071 JPY (0.0Y/332.9sq.m)44,509 JPY (0.0Y/481.8sq.m)
Kamimorioka---
Yamagishi---
Moichi19,189 JPY (0.0Y/370.0sq.m)--
Senntoku37,099 JPY (0.0Y/210.0sq.m)18,748 JPY (0.0Y/757.0sq.m)29,814 JPY (0.0Y/248.0sq.m)
Miyako31,357 JPY (0.0Y/242.9sq.m)18,932 JPY (0.0Y/223.0sq.m)27,441 JPY (0.0Y/397.9sq.m)
Sokei--31,476 JPY (0.0Y/285.0sq.m)
Tsugaruishi10,604 JPY (0.0Y/321.7sq.m)-8,410 JPY (0.0Y/225.0sq.m)
Toyomane15,151 JPY (0.0Y/165.0sq.m)14,946 JPY (0.0Y/335.0sq.m)-
Rikuchuuyamada36,260 JPY (0.0Y/365.0sq.m)23,488 JPY (0.0Y/189.0sq.m)18,181 JPY (0.0Y/110.0sq.m)
Orikasa-29,032 JPY (0.0Y/310.0sq.m)-
Iwatefunakoshi7,574 JPY (0.0Y/370.0sq.m)12,727 JPY (0.0Y/220.0sq.m)-
Ootsuchi---
Unosumai--12,857 JPY (0.0Y/350.0sq.m)
Ryouishi---
Kamaishi24,079 JPY (0.0Y/397.0sq.m)35,288 JPY (0.0Y/389.4sq.m)33,971 JPY (0.0Y/396.4sq.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

Senntoku37,099 JPY/sq.m (+98% compared with the previous year)

The average price of a sq.m Land of Senntoku was 37,099 JPY/sq.m. The market value represents an increase of 18,351 JPY (+97.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -72.3% decrease compared to the 757.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2014 and 25.7 min in 2015; +28.3%)

Miyako31,357 JPY/sq.m (+66% compared with the previous year)

The average price of a sq.m Land of Miyako was 31,357 JPY/sq.m. The market value represents an increase of 12,426 JPY (+65.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 242.9 sq.m (a +8.9% increase compared to the 223.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.2 min in 2014 and 30.9 min in 2015; -36.0%)

Iwatefunakoshi7,574 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Iwatefunakoshi was 7,574 JPY/sq.m. The market value represents a decrease of 5,153 JPY (-40.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 370.0 sq.m (a +68.2% increase compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2014 and 34.0 min in 2015; +30.8%)

Kamaishi24,079 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 24,079 JPY/sq.m. The market value represents a decrease of 11,209 JPY (-31.8%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 8 (+29.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.0 sq.m (a +1.9% increase compared to the 389.4 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 53.3 min in 2014 and 68.4 min in 2015; +28.3%)

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)