Sanriku Railway Kita-Riasu Line Land market overview

The average price of a sq.m Land of Sanriku Railway Kita-Riasu Line (Miyako to Kuji), in Apr, 2013 to Jun, 2013 was 18,222 JPY/sq.m. The market value represents an increase of 4,459 JPY (+32.4%) compared to 1 year ago and a transition to a dramatic market. 57 properties exchanged hands ( The market value represents an increase of 27 (+90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 473.7 sq.m (a -26.0% decrease compared to the 640.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Miyako, Kuji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tanohata station, where prices have increased +230.4% compared to last year; a sq.m unit now costs 6,182 JPY/sq.m.

The top 1 stations has seen prices increase +230.4% (+4,310 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.5% (-2,415 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.3% of total transactions in 2012 and 10.5% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in Sanriku Railway Kita-Riasu 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 Miyako, the highest market value along this railway was 27,268 JPY/sq.m. The market value represents an increase of 8,690 JPY (+46.8%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 11 (+122.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tanohata, the lowest market value along this railway was 6,182 JPY/sq.m. The market value represents an increase of 4,310 JPY (+230.4%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

Sanriku Railway Kita-Riasu Line (Stations Land market overview)
Sanriku Railway Kita-Riasu LineThis year(2013)1 year ago2 years ago
Miyako27,268 JPY (0.0Y/144.0sq.m)18,578 JPY (0.0Y/293.9sq.m)21,388 JPY (0.0Y/237.3sq.m)
Yamaguchidannchi---
Ichinowatari-27,096 JPY (0.0Y/255.0sq.m)10,000 JPY (0.0Y/250.0sq.m)
Tarou9,022 JPY (0.0Y/518.3sq.m)10,658 JPY (0.0Y/976.0sq.m)11,566 JPY (0.0Y/380.0sq.m)
Settai--7,142 JPY (0.0Y/1400.0sq.m)
N/A---
Shimanokoshi6,363 JPY (0.0Y/880.0sq.m)8,778 JPY (0.0Y/180.0sq.m)-
Tanohata6,182 JPY (0.0Y/558.6sq.m)1,871 JPY (0.0Y/1015.0sq.m)-
Fudai-3,966 JPY (0.0Y/222.5sq.m)-
Horinai---
Rikuchuunoda9,090 JPY (0.0Y/330.0sq.m)--
Rikuchuuube---
Kuji19,787 JPY (0.0Y/592.1sq.m)13,175 JPY (0.0Y/538.8sq.m)25,000 JPY (0.0Y/1120.0sq.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

Tanohata6,182 JPY/sq.m (+230% compared with the previous year)

The average price of a sq.m Land of Tanohata was 6,182 JPY/sq.m. The market value represents an increase of 4,310 JPY (+230.4%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 558.6 sq.m (a -45.0% decrease compared to the 1015.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 45.0 min in 2012 and 38.6 min in 2013; -14.3%)

Shimanokoshi6,363 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Shimanokoshi was 6,363 JPY/sq.m. The market value represents a decrease of 2,415 JPY (-27.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 880.0 sq.m (a +388.9% increase compared to the 180.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2012 and 100.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 2.3 min in 2012 and 3.0 min in 2013; +28.6%)

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)