JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jul, 2016 to Sep, 2016 was 34,070 JPY/sq.m. The market value represents an increase of 2,335 JPY (+7.4%) compared to 1 year ago and a transition to a strong market. 65 properties exchanged hands ( The market value represents a decrease of 7 (-9.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 322.5 sq.m (a +1.1% increase compared to the 318.9 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.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Miyako, Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwatefunakoshi station, where prices have increased +188.8% compared to last year; a sq.m unit now costs 13,326 JPY/sq.m.

The top 2 stations has seen prices increase +131.2% (+11,249 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -27.4% (-6,949 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.8 min in 2015 and 44.6 min in 2016; -20.2%)

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 58,882 JPY/sq.m. The market value represents an increase of 7,364 JPY (+14.3%) compared to 1 year ago and a transition to a bull market. 17 properties exchanged hands ( The market value represents a decrease of 8 (-32.0%) 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 13,326 JPY/sq.m. The market value represents an increase of 8,711 JPY (+188.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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
Morioka58,882 JPY (0.0Y/286.5sq.m)51,518 JPY (0.0Y/264.2sq.m)53,205 JPY (0.0Y/357.5sq.m)
Kamimorioka---
Yamagishi---
Moichi---
Senntoku16,746 JPY (0.0Y/1115.0sq.m)-24,000 JPY (0.0Y/300.0sq.m)
Miyako32,523 JPY (0.0Y/352.7sq.m)18,736 JPY (0.0Y/410.0sq.m)-
Sokei---
Tsugaruishi--9,656 JPY (0.0Y/300.0sq.m)
Toyomane---
Rikuchuuyamada20,181 JPY (0.0Y/266.2sq.m)29,545 JPY (0.0Y/250.4sq.m)-
Orikasa15,031 JPY (0.0Y/335.0sq.m)19,565 JPY (0.0Y/230.0sq.m)-
Iwatefunakoshi13,326 JPY (0.0Y/280.0sq.m)4,615 JPY (0.0Y/260.0sq.m)-
Ootsuchi---
Unosumai---
Ryouishi---
Kamaishi29,786 JPY (0.0Y/295.9sq.m)17,202 JPY (0.0Y/372.8sq.m)27,545 JPY (0.0Y/342.0sq.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

Iwatefunakoshi13,326 JPY/sq.m (+189% compared with the previous year)

The average price of a sq.m Land of Iwatefunakoshi was 13,326 JPY/sq.m. The market value represents an increase of 8,711 JPY (+188.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.0 sq.m (a +7.7% increase compared to the 260.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2015 and 16.2 min in 2016; -72.9%)

Miyako32,523 JPY/sq.m (+74% compared with the previous year)

The average price of a sq.m Land of Miyako was 32,523 JPY/sq.m. The market value represents an increase of 13,787 JPY (+73.6%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 4 (-26.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 352.7 sq.m (a -14.0% decrease compared to the 410.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.8 min in 2015 and 38.6 min in 2016; -30.8%)

Rikuchuuyamada20,181 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Rikuchuuyamada was 20,181 JPY/sq.m. The market value represents a decrease of 9,364 JPY (-31.7%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 1 (+8.3%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 266.2 sq.m (a +6.3% increase compared to the 250.4 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.5 min in 2015 and 30.1 min in 2016; +33.7%)

Orikasa15,031 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Orikasa was 15,031 JPY/sq.m. The market value represents a decrease of 4,534 JPY (-23.2%) 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 335.0 sq.m (a +45.7% increase compared to the 230.0 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)