Iwate Galaxy Railway Line Land market overview

The average price of a sq.m Land of Iwate Galaxy Railway Line (Morioka to Kinntaichionnsenn), in Jan, 2015 to Dec, 2015 was 40,500 JPY/sq.m. The market value represents an increase of 4,384 JPY (+12.1%) compared to 1 year ago and a transition to a bull market. 191 properties exchanged hands ( The market value represents an increase of 21 (+12.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 328.1 sq.m (a -21.4% decrease compared to the 417.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

8 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Iwate-Numakunai, Ichinohe, Tomai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takizawa station, where prices have increased +100.2% compared to last year; a sq.m unit now costs 11,198 JPY/sq.m.

The top 2 stations has seen prices increase +84.9% (+8,817 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -14.0% (-2,421 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 1.8% of total transactions in 2014 and 1.0% of total transactions in 2015)

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:

Top

Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 53,134 JPY/sq.m. The market value represents an increase of 4,343 JPY (+8.9%) compared to 1 year ago and a transition to a strong market. 87 properties exchanged hands ( The market value represents an increase of 15 (+20.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Takizawa, the lowest market value along this railway was 11,198 JPY/sq.m. The market value represents an increase of 5,606 JPY (+100.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

Iwate Galaxy Railway Line (Stations Land market overview)
Iwate Galaxy Railway LineThis year(2015)1 year ago2 years ago
Morioka53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.m)50,074 JPY (0.0Y/336.0sq.m)
Aoyama42,790 JPY (0.0Y/237.1sq.m)36,198 JPY (0.0Y/500.0sq.m)37,489 JPY (0.0Y/407.4sq.m)
Kuriyagawa41,408 JPY (0.0Y/254.8sq.m)35,386 JPY (0.0Y/360.6sq.m)33,809 JPY (0.0Y/275.5sq.m)
Sugo25,242 JPY (0.0Y/258.6sq.m)21,299 JPY (0.0Y/608.6sq.m)23,514 JPY (0.0Y/309.4sq.m)
Takizawa11,198 JPY (0.0Y/378.0sq.m)5,592 JPY (0.0Y/516.0sq.m)15,000 JPY (0.0Y/240.0sq.m)
Shibutami13,595 JPY (0.0Y/767.5sq.m)15,909 JPY (0.0Y/440.0sq.m)16,707 JPY (0.0Y/280.0sq.m)
Kouma-10,344 JPY (0.0Y/290.0sq.m)7,548 JPY (0.0Y/435.0sq.m)
Iwatekawaguchi14,000 JPY (0.0Y/300.0sq.m)--
Iwate-Numakunai18,670 JPY (0.0Y/331.0sq.m)11,922 JPY (0.0Y/524.4sq.m)11,624 JPY (0.0Y/329.2sq.m)
Okunakayamakougenn---
Kozuya--10,512 JPY (0.0Y/390.0sq.m)
Ichinohe13,160 JPY (0.0Y/480.0sq.m)8,217 JPY (0.0Y/290.0sq.m)18,218 JPY (0.0Y/322.0sq.m)
Ninohe16,385 JPY (0.0Y/550.5sq.m)18,913 JPY (0.0Y/520.7sq.m)18,157 JPY (0.0Y/436.6sq.m)
Tomai29,300 JPY (0.0Y/293.6sq.m)17,273 JPY (0.0Y/536.0sq.m)17,785 JPY (0.0Y/506.0sq.m)
Kinntaichionnsenn8,026 JPY (0.0Y/447.5sq.m)-15,690 JPY (0.0Y/641.7sq.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

Takizawa11,198 JPY/sq.m (+100% compared with the previous year)

The average price of a sq.m Land of Takizawa was 11,198 JPY/sq.m. The market value represents an increase of 5,606 JPY (+100.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 378.0 sq.m (a -26.7% decrease compared to the 516.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 60.0 min in 2014 and 73.4 min in 2015; +22.3%)

Tomai29,300 JPY/sq.m (+70% compared with the previous year)

The average price of a sq.m Land of Tomai was 29,300 JPY/sq.m. The market value represents an increase of 12,027 JPY (+69.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 293.6 sq.m (a -45.2% decrease compared to the 536.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.8 min in 2014 and 24.6 min in 2015; +24.1%)

Shibutami13,595 JPY/sq.m (-15% compared with the previous year)

The average price of a sq.m Land of Shibutami was 13,595 JPY/sq.m. The market value represents a decrease of 2,314 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 767.5 sq.m (a +74.4% increase compared to the 440.0 sq.m of last year.).

Ninohe16,385 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Ninohe was 16,385 JPY/sq.m. The market value represents a decrease of 2,529 JPY (-13.4%) compared to 1 year ago and a transition to a weak 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 550.5 sq.m (a +5.7% increase compared to the 520.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.8 min in 2014 and 51.7 min in 2015; +36.8%)

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)