JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Apr, 2015 to Jun, 2015 was 30,559 JPY/sq.m. The market value represents an increase of 4,969 JPY (+19.4%) compared to 1 year ago and a transition to a bull market. 62 properties exchanged hands ( The market value represents an increase of 19 (+44.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.2 sq.m (a -6.9% decrease compared to the 418.0 sq.m of last year.).

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

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +129.4% (+19,973 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -44.4% (-17,430 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 64.7 min in 2014 and 55.5 min in 2015; -14.3%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2014 and 1.6% 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 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Miyako, the lowest market value along this railway was 21,861 JPY/sq.m. The market value represents a decrease of 17,430 JPY (-44.4%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 22 (+1100.0%) 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
Morioka43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)53,486 JPY (0.0Y/308.6sq.m)
Kamimorioka---
Yamagishi---
Moichi--18,518 JPY (0.0Y/270.0sq.m)
Senntoku19,561 JPY (0.0Y/859.0sq.m)-22,500 JPY (0.0Y/160.0sq.m)
Miyako21,861 JPY (0.0Y/367.5sq.m)39,292 JPY (0.0Y/437.5sq.m)27,268 JPY (0.0Y/144.0sq.m)
Sokei-41,818 JPY (0.0Y/165.0sq.m)32,167 JPY (0.0Y/219.0sq.m)
Tsugaruishi-15,390 JPY (0.0Y/332.0sq.m)19,791 JPY (0.0Y/480.0sq.m)
Toyomane---
Rikuchuuyamada20,192 JPY (0.0Y/245.0sq.m)--
Orikasa---
Iwatefunakoshi---
Ootsuchi---
Unosumai--9,174 JPY (0.0Y/381.7sq.m)
Ryouishi---
Kamaishi35,410 JPY (0.0Y/346.6sq.m)15,437 JPY (0.0Y/542.0sq.m)28,824 JPY (0.0Y/307.3sq.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

Kamaishi35,410 JPY/sq.m (+129% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 35,410 JPY/sq.m. The market value represents an increase of 19,973 JPY (+129.4%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 6 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.6 sq.m (a -36.1% decrease compared to the 542.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 93.0 min in 2014 and 61.2 min in 2015; -34.2%)

Miyako21,861 JPY/sq.m (-44% compared with the previous year)

The average price of a sq.m Land of Miyako was 21,861 JPY/sq.m. The market value represents a decrease of 17,430 JPY (-44.4%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 22 (+1100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 367.5 sq.m (a -16.0% decrease compared to the 437.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 40.0 min in 2014 and 79.0 min in 2015; +97.5%)

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)