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 Dec, 2015 was 33,305 JPY/sq.m. The market value represents a decrease of 51 JPY (-0.2%) compared to 1 year ago and a transition to a slight market. 264 properties exchanged hands ( The market value represents an increase of 47 (+21.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.5 sq.m (a -9.5% decrease compared to the 383.0 sq.m of last year.).

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

4 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Senntoku 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 +38.2% compared to last year; a sq.m unit now costs 26,962 JPY/sq.m.

The top 2 stations has seen prices increase +27.7% (+5,741 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -35.5% (-11,583 JPY/sq.m).


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 3.2% of total transactions in 2014 and 1.1% 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 53,134 JPY/sq.m. The market value represents an increase of 4,343 JPY (+8.9%) compared to 1 year ago and a transition to a strong market. 87 properties exchanged hands ( The market value represents an increase of 15 (+20.8%) 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 9,517 JPY/sq.m. The market value represents a decrease of 3,210 JPY (-25.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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
Morioka53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.m)50,074 JPY (0.0Y/336.0sq.m)
Kamimorioka---
Yamagishi---
Moichi19,189 JPY (0.0Y/370.0sq.m)-18,755 JPY (0.0Y/266.7sq.m)
Senntoku26,962 JPY (0.0Y/576.1sq.m)19,511 JPY (0.0Y/605.6sq.m)30,202 JPY (0.0Y/307.9sq.m)
Miyako21,960 JPY (0.0Y/348.8sq.m)35,658 JPY (0.0Y/238.6sq.m)31,722 JPY (0.0Y/308.5sq.m)
Sokei-35,093 JPY (0.0Y/386.2sq.m)31,706 JPY (0.0Y/319.6sq.m)
Tsugaruishi10,604 JPY (0.0Y/741.2sq.m)12,863 JPY (0.0Y/296.3sq.m)9,746 JPY (0.0Y/906.0sq.m)
Toyomane15,151 JPY (0.0Y/165.0sq.m)14,946 JPY (0.0Y/335.0sq.m)18,181 JPY (0.0Y/330.0sq.m)
Rikuchuuyamada27,518 JPY (0.0Y/262.2sq.m)23,488 JPY (0.0Y/189.0sq.m)25,167 JPY (0.0Y/238.7sq.m)
Orikasa19,565 JPY (0.0Y/230.0sq.m)29,032 JPY (0.0Y/310.0sq.m)11,364 JPY (0.0Y/322.5sq.m)
Iwatefunakoshi9,517 JPY (0.0Y/291.7sq.m)12,727 JPY (0.0Y/220.0sq.m)8,113 JPY (0.0Y/416.2sq.m)
Ootsuchi-27,171 JPY (0.0Y/763.1sq.m)-
Unosumai--9,017 JPY (0.0Y/428.1sq.m)
Ryouishi--4,826 JPY (0.0Y/264.0sq.m)
Kamaishi24,580 JPY (0.0Y/364.8sq.m)26,990 JPY (0.0Y/402.8sq.m)30,513 JPY (0.0Y/312.7sq.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

Senntoku26,962 JPY/sq.m (+38% compared with the previous year)

The average price of a sq.m Land of Senntoku was 26,962 JPY/sq.m. The market value represents an increase of 7,451 JPY (+38.2%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 576.1 sq.m (a -4.9% decrease compared to the 605.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.5 min in 2014 and 24.7 min in 2015; +26.5%)

Rikuchuuyamada27,518 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Rikuchuuyamada was 27,518 JPY/sq.m. The market value represents an increase of 4,031 JPY (+17.2%) compared to 1 year ago and a transition to a bull market. 20 properties exchanged hands ( The market value represents an increase of 15 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 262.2 sq.m (a +38.8% increase compared to the 189.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.6 min in 2014 and 21.4 min in 2015; +149.4%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2014 and 5.0% of total transactions in 2015)

Miyako21,960 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Miyako was 21,960 JPY/sq.m. The market value represents a decrease of 13,698 JPY (-38.4%) compared to 1 year ago and a transition to a dramatic market. 54 properties exchanged hands ( The market value represents an increase of 40 (+285.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 348.8 sq.m (a +46.2% increase compared to the 238.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.8 min in 2014 and 68.1 min in 2015; +121.2%)

Orikasa19,565 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Orikasa was 19,565 JPY/sq.m. The market value represents a decrease of 9,467 JPY (-32.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 230.0 sq.m (a -25.8% decrease compared to the 310.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2014 and 22.0 min in 2015; +633.3%)

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)