JR Yamada Line Iwate 2017-FY
Land market report

JR Yamada Line railway market report

JR Yamada Line Land market overview

The average price of a sq.m Land of JR Yamada Line (Morioka to Kamaishi), in Jan, 2017 to Dec, 2017 was 31,908 JPY/sq.m. The market value represents a decrease of 1,235 JPY (-3.7%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents a decrease of 259 (-79.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 352.4 sq.m (a -2.9% decrease compared to the 362.9 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.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Senntoku, Toyomane, Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toyomane station, where prices have increased +86.1% compared to last year; a sq.m unit now costs 16,416 JPY/sq.m.

The top 2 stations has seen prices increase +74.1% (+10,179 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -15.7% (-10,120 JPY/sq.m).

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.8% of total transactions in 2016 and 1.5% of total transactions in 2017)

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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 39,795 JPY/sq.m. The market value represents a decrease of 20,741 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents a decrease of 73 (-72.3%) 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 16,416 JPY/sq.m. The market value represents an increase of 7,597 JPY (+86.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Yamada Line (Stations Land market overview)
JR Yamada LineThis year(2017)1 year ago2 years ago
Morioka39,795 JPY (0.0Y/361.4sq.m)60,536 JPY (0.0Y/374.7sq.m)53,134 JPY (0.0Y/312.4sq.m)
Kamimorioka---
Yamagishi---
Moichi--19,189 JPY (0.0Y/370.0sq.m)
Senntoku33,303 JPY (0.0Y/432.5sq.m)20,543 JPY (0.0Y/513.6sq.m)26,962 JPY (0.0Y/576.1sq.m)
Miyako28,648 JPY (0.0Y/320.0sq.m)26,396 JPY (0.0Y/421.7sq.m)21,960 JPY (0.0Y/348.8sq.m)
Sokei---
Tsugaruishi--10,604 JPY (0.0Y/741.2sq.m)
Toyomane16,416 JPY (0.0Y/725.0sq.m)8,819 JPY (0.0Y/256.2sq.m)15,151 JPY (0.0Y/165.0sq.m)
Rikuchuuyamada25,034 JPY (0.0Y/173.6sq.m)22,610 JPY (0.0Y/264.6sq.m)27,518 JPY (0.0Y/262.2sq.m)
Orikasa18,235 JPY (0.0Y/170.0sq.m)17,735 JPY (0.0Y/312.6sq.m)19,565 JPY (0.0Y/230.0sq.m)
Iwatefunakoshi-14,133 JPY (0.0Y/307.2sq.m)9,517 JPY (0.0Y/291.7sq.m)
Ootsuchi---
Unosumai---
Ryouishi---
Kamaishi26,174 JPY (0.0Y/394.1sq.m)21,369 JPY (0.0Y/368.6sq.m)24,580 JPY (0.0Y/364.8sq.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.

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Noteworthy stations

Toyomane16,416 JPY/sq.m (+86% compared with the previous year)

The average price of a sq.m Land of Toyomane was 16,416 JPY/sq.m. The market value represents an increase of 7,597 JPY (+86.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 725.0 sq.m (a +182.9% increase compared to the 256.2 sq.m of last year.).

Senntoku33,303 JPY/sq.m (+62% compared with the previous year)

The average price of a sq.m Land of Senntoku was 33,303 JPY/sq.m. The market value represents an increase of 12,760 JPY (+62.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 12 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 432.5 sq.m (a -15.8% decrease compared to the 513.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.4 min in 2016 and 27.5 min in 2017; +35.1%)

Morioka39,795 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Morioka was 39,795 JPY/sq.m. The market value represents a decrease of 20,741 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents a decrease of 73 (-72.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 361.4 sq.m (a -3.5% decrease compared to the 374.7 sq.m of last year.).

Orikasa18,235 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Orikasa was 18,235 JPY/sq.m. The market value represents an increase of 500 JPY (+2.8%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 18 (-94.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 170.0 sq.m (a -45.6% decrease compared to the 312.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.9 min in 2016 and 7.0 min in 2017; -53.2%)

Breakdown of each segment

Station:   Segment:

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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)