JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jan, 2016 to Mar, 2016 was 40,794 JPY/sq.m. The market value represents an increase of 8,668 JPY (+27.0%) compared to 1 year ago and a transition to a dramatic market. 65 properties exchanged hands ( The market value represents a decrease of 13 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 409.5 sq.m (a +12.6% increase compared to the 363.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Morioka, Iwatefunakoshi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +58.9% compared to last year; a sq.m unit now costs 78,640 JPY/sq.m.

The top 2 stations has seen prices increase +48.2% (+15,996 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -51.9% (-12,637 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 1.3% of total transactions in 2015 and 3.1% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 46.5 min in 2015 and 55.3 min in 2016; +18.8%)

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 78,640 JPY/sq.m. The market value represents an increase of 29,150 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 1 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average price of a sq.m Land of Toyomane, the lowest market value along this railway was 6,009 JPY/sq.m. The market value represents a decrease of 9,142 JPY (-60.3%) 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(2016)1 year ago2 years ago
Morioka78,640 JPY (0.0Y/548.3sq.m)49,489 JPY (0.0Y/381.9sq.m)52,071 JPY (0.0Y/332.9sq.m)
Kamimorioka---
Yamagishi---
Moichi-19,189 JPY (0.0Y/370.0sq.m)-
Senntoku20,967 JPY (0.0Y/310.0sq.m)37,099 JPY (0.0Y/210.0sq.m)18,748 JPY (0.0Y/757.0sq.m)
Miyako31,243 JPY (0.0Y/193.1sq.m)31,357 JPY (0.0Y/242.9sq.m)18,932 JPY (0.0Y/223.0sq.m)
Sokei---
Tsugaruishi-10,604 JPY (0.0Y/321.7sq.m)-
Toyomane6,009 JPY (0.0Y/162.5sq.m)15,151 JPY (0.0Y/165.0sq.m)14,946 JPY (0.0Y/335.0sq.m)
Rikuchuuyamada25,351 JPY (0.0Y/223.8sq.m)36,260 JPY (0.0Y/365.0sq.m)23,488 JPY (0.0Y/189.0sq.m)
Orikasa--29,032 JPY (0.0Y/310.0sq.m)
Iwatefunakoshi10,416 JPY (0.0Y/480.0sq.m)7,574 JPY (0.0Y/370.0sq.m)12,727 JPY (0.0Y/220.0sq.m)
Ootsuchi---
Unosumai---
Ryouishi---
Kamaishi17,087 JPY (0.0Y/405.6sq.m)24,079 JPY (0.0Y/397.0sq.m)35,288 JPY (0.0Y/389.4sq.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

Morioka78,640 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Morioka was 78,640 JPY/sq.m. The market value represents an increase of 29,150 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 1 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 548.3 sq.m (a +43.6% increase compared to the 381.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 33.5 min in 2015 and 27.7 min in 2016; -17.2%)

Iwatefunakoshi10,416 JPY/sq.m (+38% compared with the previous year)

The average price of a sq.m Land of Iwatefunakoshi was 10,416 JPY/sq.m. The market value represents an increase of 2,842 JPY (+37.5%) 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 480.0 sq.m (a +29.7% 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 34.0 min in 2015 and 4.0 min in 2016; -88.2%)

Toyomane6,009 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Land of Toyomane was 6,009 JPY/sq.m. The market value represents a decrease of 9,142 JPY (-60.3%) 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 162.5 sq.m (a -1.5% decrease compared to the 165.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2015 and 10.0 min in 2016; +25.0%)

Senntoku20,967 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Senntoku was 20,967 JPY/sq.m. The market value represents a decrease of 16,132 JPY (-43.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.0 sq.m (a +47.6% increase compared to the 210.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.7 min in 2015 and 20.0 min in 2016; -22.1%)

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)