JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Apr, 2016 to Jun, 2016 was 25,165 JPY/sq.m. The market value represents a decrease of 5,394 JPY (-17.7%) compared to 1 year ago and a transition to a weak market. 110 properties exchanged hands ( The market value represents an increase of 48 (+77.4%) 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 -12.0% decrease compared to the 389.2 sq.m of last year.).

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

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Rikuchuuyamada station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Rikuchuuyamada station, where prices have increased +14.6% compared to last year; a sq.m unit now costs 23,135 JPY/sq.m.

The top 1 stations has seen prices increase +14.6% (+2,943 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.7% (-9,449 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.5 min in 2015 and 32.4 min in 2016; -41.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.6% of total transactions in 2015 and 2.7% of total transactions in 2016)

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 47,457 JPY/sq.m. The market value represents an increase of 3,517 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Miyako, the lowest market value along this railway was 18,424 JPY/sq.m. The market value represents a decrease of 3,437 JPY (-15.7%) compared to 1 year ago and a transition to a weak market. 15 properties exchanged hands ( The market value represents a decrease of 9 (-37.5%) 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
Morioka47,457 JPY (0.0Y/247.4sq.m)43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)
Kamimorioka---
Yamagishi---
Moichi---
Senntoku19,120 JPY (0.0Y/431.4sq.m)19,561 JPY (0.0Y/859.0sq.m)-
Miyako18,424 JPY (0.0Y/501.7sq.m)21,861 JPY (0.0Y/367.5sq.m)39,292 JPY (0.0Y/437.5sq.m)
Sokei--41,818 JPY (0.0Y/165.0sq.m)
Tsugaruishi--15,390 JPY (0.0Y/332.0sq.m)
Toyomane---
Rikuchuuyamada23,135 JPY (0.0Y/245.0sq.m)20,192 JPY (0.0Y/245.0sq.m)-
Orikasa18,053 JPY (0.0Y/310.0sq.m)--
Iwatefunakoshi14,780 JPY (0.0Y/306.7sq.m)--
Ootsuchi---
Unosumai---
Ryouishi---
Kamaishi25,961 JPY (0.0Y/438.2sq.m)35,410 JPY (0.0Y/346.6sq.m)15,437 JPY (0.0Y/542.0sq.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

Rikuchuuyamada23,135 JPY/sq.m (+15% compared with the previous year)

The average price of a sq.m Land of Rikuchuuyamada was 23,135 JPY/sq.m. The market value represents an increase of 2,943 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents an increase of 13 (+650.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 245.0 sq.m (a +0.0% decrease compared to the 245.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 16.7 min in 2016; -44.2%)

Kamaishi25,961 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 25,961 JPY/sq.m. The market value represents a decrease of 9,449 JPY (-26.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 1 (+6.2%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 438.2 sq.m (a +26.5% increase compared to the 346.6 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)