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 Sep, 2016 was 31,809 JPY/sq.m. The market value represents a decrease of 1,496 JPY (-4.5%) compared to 1 year ago and a transition to a some market. 240 properties exchanged hands ( The market value represents a decrease of 24 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 355.1 sq.m (a +2.5% increase compared to the 346.5 sq.m of last year.).

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

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Iwatefunakoshi 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 +50.6% compared to last year; a sq.m unit now costs 14,337 JPY/sq.m.

The top 2 stations has seen prices increase +34.5% (+4,431 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -44.9% (-8,540 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 52.6 min in 2015 and 41.9 min in 2016; -20.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.1% of total transactions in 2015 and 2.5% 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 62,398 JPY/sq.m. The market value represents an increase of 9,264 JPY (+17.4%) compared to 1 year ago and a transition to a bull market. 61 properties exchanged hands ( The market value represents a decrease of 26 (-29.9%) compared to 1 year ago and a transition to a dramatic 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
Morioka62,398 JPY (0.0Y/371.7sq.m)53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.m)
Kamimorioka---
Yamagishi---
Moichi-19,189 JPY (0.0Y/370.0sq.m)-
Senntoku19,024 JPY (0.0Y/533.6sq.m)26,962 JPY (0.0Y/576.1sq.m)19,511 JPY (0.0Y/605.6sq.m)
Miyako26,001 JPY (0.0Y/380.9sq.m)21,960 JPY (0.0Y/348.8sq.m)35,658 JPY (0.0Y/238.6sq.m)
Sokei--35,093 JPY (0.0Y/386.2sq.m)
Tsugaruishi-10,604 JPY (0.0Y/741.2sq.m)12,863 JPY (0.0Y/296.3sq.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)
Rikuchuuyamada22,212 JPY (0.0Y/250.9sq.m)27,518 JPY (0.0Y/262.2sq.m)23,488 JPY (0.0Y/189.0sq.m)
Orikasa17,735 JPY (0.0Y/312.6sq.m)19,565 JPY (0.0Y/230.0sq.m)29,032 JPY (0.0Y/310.0sq.m)
Iwatefunakoshi14,337 JPY (0.0Y/309.6sq.m)9,517 JPY (0.0Y/291.7sq.m)12,727 JPY (0.0Y/220.0sq.m)
Ootsuchi--27,171 JPY (0.0Y/763.1sq.m)
Unosumai---
Ryouishi---
Kamaishi23,191 JPY (0.0Y/384.9sq.m)24,580 JPY (0.0Y/364.8sq.m)26,990 JPY (0.0Y/402.8sq.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

Iwatefunakoshi14,337 JPY/sq.m (+51% compared with the previous year)

The average price of a sq.m Land of Iwatefunakoshi was 14,337 JPY/sq.m. The market value represents an increase of 4,820 JPY (+50.6%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 17 (+283.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 309.6 sq.m (a +6.1% increase compared to the 291.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.3 min in 2015 and 12.7 min in 2016; -75.4%)

Miyako26,001 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Land of Miyako was 26,001 JPY/sq.m. The market value represents an increase of 4,042 JPY (+18.4%) compared to 1 year ago and a transition to a bull market. 34 properties exchanged hands ( The market value represents a decrease of 20 (-37.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.9 sq.m (a +9.2% increase compared to the 348.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 68.1 min in 2015 and 47.4 min in 2016; -30.3%)

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%)

Senntoku19,024 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Senntoku was 19,024 JPY/sq.m. The market value represents a decrease of 7,937 JPY (-29.4%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 2 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 533.6 sq.m (a -7.4% decrease compared to the 576.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 24.7 min in 2015 and 20.9 min in 2016; -15.2%)

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)