Iwate Galaxy Railway Line Land market overview

The average price of a sq.m Land of Iwate Galaxy Railway Line (Morioka to Kinntaichionnsenn), in Oct, 2013 to Dec, 2013 was 36,777 JPY/sq.m. The market value represents an increase of 393 JPY (+1.1%) compared to 1 year ago and a transition to a slight market. 94 properties exchanged hands ( The market value represents an increase of 15 (+19.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 361.3 sq.m (a -10.6% decrease compared to the 404.1 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.

3 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Shibutami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntaichionnsenn station, where prices have increased +188.8% compared to last year; a sq.m unit now costs 16,236 JPY/sq.m.

The top 2 stations has seen prices increase +134.6% (+8,994 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -30.2% (-6,767 JPY/sq.m).


Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2012 and 2.1% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in Iwate Galaxy Railway 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:

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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 46,280 JPY/sq.m. The market value represents a decrease of 3,911 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 48 properties exchanged hands ( The market value represents an increase of 17 (+54.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sugo, the lowest market value along this railway was 11,220 JPY/sq.m. The market value represents a decrease of 7,442 JPY (-39.9%) 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.).

Iwate Galaxy Railway Line (Stations Land market overview)
Iwate Galaxy Railway LineThis year(2013)1 year ago2 years ago
Morioka46,280 JPY (0.0Y/346.0sq.m)50,191 JPY (0.0Y/316.3sq.m)58,412 JPY (0.0Y/239.9sq.m)
Aoyama34,787 JPY (0.0Y/480.6sq.m)37,225 JPY (0.0Y/626.6sq.m)40,568 JPY (0.0Y/339.0sq.m)
Kuriyagawa36,929 JPY (0.0Y/287.0sq.m)45,401 JPY (0.0Y/272.0sq.m)37,368 JPY (0.0Y/277.1sq.m)
Sugo11,220 JPY (0.0Y/660.0sq.m)18,663 JPY (0.0Y/378.8sq.m)35,083 JPY (0.0Y/692.5sq.m)
Takizawa-18,528 JPY (0.0Y/242.0sq.m)-
Shibutami16,551 JPY (0.0Y/290.0sq.m)9,178 JPY (0.0Y/460.0sq.m)7,802 JPY (0.0Y/876.7sq.m)
Kouma-25,912 JPY (0.0Y/332.5sq.m)-
Iwatekawaguchi-13,703 JPY (0.0Y/270.0sq.m)13,793 JPY (0.0Y/290.0sq.m)
Iwate-Numakunai-3,058 JPY (0.0Y/425.0sq.m)3,695 JPY (0.0Y/460.0sq.m)
Okunakayamakougenn---
Kozuya---
Ichinohe16,473 JPY (0.0Y/340.0sq.m)20,000 JPY (0.0Y/600.0sq.m)-
Ninohe19,366 JPY (0.0Y/311.5sq.m)17,000 JPY (0.0Y/400.0sq.m)38,095 JPY (0.0Y/105.0sq.m)
Tomai23,666 JPY (0.0Y/200.0sq.m)29,758 JPY (0.0Y/463.3sq.m)18,214 JPY (0.0Y/280.0sq.m)
Kinntaichionnsenn16,236 JPY (0.0Y/680.0sq.m)5,622 JPY (0.0Y/343.3sq.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

Kinntaichionnsenn16,236 JPY/sq.m (+189% compared with the previous year)

The average price of a sq.m Land of Kinntaichionnsenn was 16,236 JPY/sq.m. The market value represents an increase of 10,615 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 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 680.0 sq.m (a +98.1% increase compared to the 343.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 75.3 min in 2012 and 20.2 min in 2013; -73.1%)

Shibutami16,551 JPY/sq.m (+80% compared with the previous year)

The average price of a sq.m Land of Shibutami was 16,551 JPY/sq.m. The market value represents an increase of 7,373 JPY (+80.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a -37.0% decrease compared to the 460.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.0 min in 2012 and 24.0 min in 2013; -44.2%)

Sugo11,220 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Sugo was 11,220 JPY/sq.m. The market value represents a decrease of 7,442 JPY (-39.9%) 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 660.0 sq.m (a +74.3% increase compared to the 378.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.5 min in 2012 and 26.0 min in 2013; -34.2%)

Tomai23,666 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of Tomai was 23,666 JPY/sq.m. The market value represents a decrease of 6,092 JPY (-20.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -56.8% decrease compared to the 463.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.3 min in 2012 and 13.0 min in 2013; -46.6%)

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)