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 Sep, 2017 was 33,343 JPY/sq.m. The market value represents an increase of 1,534 JPY (+4.8%) compared to 1 year ago and a transition to a some market. 49 properties exchanged hands ( The market value represents a decrease of 191 (-79.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 365.6 sq.m (a +2.9% increase compared to the 355.1 sq.m of last year.).

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

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Rikuchuuyamada, Kamaishi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Senntoku station, where prices have increased +218.6% compared to last year; a sq.m unit now costs 60,606 JPY/sq.m.

The top 1 stations has seen prices increase +218.6% (+41,582 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.8% (-21,739 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 41.9 min in 2016 and 57.2 min in 2017; +36.5%)

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 Senntoku, the highest market value along this railway was 60,606 JPY/sq.m. The market value represents an increase of 41,582 JPY (+218.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 10 (-90.9%) 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 23,758 JPY/sq.m. The market value represents a decrease of 2,243 JPY (-8.6%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents a decrease of 25 (-73.5%) 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
Morioka40,659 JPY (0.0Y/369.6sq.m)62,398 JPY (0.0Y/371.7sq.m)53,134 JPY (0.0Y/312.4sq.m)
Kamimorioka---
Yamagishi---
Moichi--19,189 JPY (0.0Y/370.0sq.m)
Senntoku60,606 JPY (0.0Y/165.0sq.m)19,024 JPY (0.0Y/533.6sq.m)26,962 JPY (0.0Y/576.1sq.m)
Miyako23,758 JPY (0.0Y/332.8sq.m)26,001 JPY (0.0Y/380.9sq.m)21,960 JPY (0.0Y/348.8sq.m)
Sokei---
Tsugaruishi--10,604 JPY (0.0Y/741.2sq.m)
Toyomane-6,009 JPY (0.0Y/162.5sq.m)15,151 JPY (0.0Y/165.0sq.m)
Rikuchuuyamada25,000 JPY (0.0Y/180.0sq.m)22,212 JPY (0.0Y/250.9sq.m)27,518 JPY (0.0Y/262.2sq.m)
Orikasa-17,735 JPY (0.0Y/312.6sq.m)19,565 JPY (0.0Y/230.0sq.m)
Iwatefunakoshi-14,337 JPY (0.0Y/309.6sq.m)9,517 JPY (0.0Y/291.7sq.m)
Ootsuchi---
Unosumai---
Ryouishi---
Kamaishi26,614 JPY (0.0Y/405.0sq.m)23,191 JPY (0.0Y/384.9sq.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

Senntoku60,606 JPY/sq.m (+219% compared with the previous year)

The average price of a sq.m Land of Senntoku was 60,606 JPY/sq.m. The market value represents an increase of 41,582 JPY (+218.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 10 (-90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 165.0 sq.m (a -69.1% decrease compared to the 533.6 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.9 min in 2016 and 25.0 min in 2017; +19.6%)

Morioka40,659 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Morioka was 40,659 JPY/sq.m. The market value represents a decrease of 21,739 JPY (-34.8%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 38 (-62.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 369.6 sq.m (a -0.6% decrease compared to the 371.7 sq.m of last year.).


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)