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 Jan, 2014 to Mar, 2014 was 9,111 JPY/sq.m. The market value represents a decrease of 12,521 JPY (-57.9%) compared to 1 year ago and a transition to a dramatic market. 31 properties exchanged hands ( The market value represents a decrease of 4 (-11.4%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 393.7 sq.m (a -20.2% decrease compared to the 493.3 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Rikuchuunoda station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rikuchuunoda station, where prices have increased +24.7% compared to last year; a sq.m unit now costs 6,548 JPY/sq.m.

The top 1 stations has seen prices increase +24.7% (+1,298 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -31.0% (-8,509 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.5 min in 2013 and 30.5 min in 2014; +24.6%)

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 18,932 JPY/sq.m. The market value represents a decrease of 8,509 JPY (-31.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Rikuchuunoda, the lowest market value along this railway was 6,548 JPY/sq.m. The market value represents an increase of 1,298 JPY (+24.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) 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(2014)1 year ago2 years ago
Miyako18,932 JPY (0.0Y/223.0sq.m)27,441 JPY (0.0Y/397.9sq.m)25,894 JPY (0.0Y/399.2sq.m)
Yamaguchidannchi-61,290 JPY (0.0Y/620.0sq.m)-
Ichinowatari-23,404 JPY (0.0Y/470.0sq.m)17,916 JPY (0.0Y/240.0sq.m)
Tarou-10,590 JPY (0.0Y/332.5sq.m)11,928 JPY (0.0Y/521.7sq.m)
Settai--1,976 JPY (0.0Y/420.0sq.m)
N/A---
Shimanokoshi3,363 JPY (0.0Y/481.8sq.m)--
Tanohata-5,138 JPY (0.0Y/1048.3sq.m)-
Fudai-34,722 JPY (0.0Y/720.0sq.m)1,971 JPY (0.0Y/361.7sq.m)
Horinai3,939 JPY (0.0Y/330.0sq.m)--
Rikuchuunoda6,548 JPY (0.0Y/390.0sq.m)5,250 JPY (0.0Y/400.0sq.m)-
Rikuchuuube---
Kuji15,222 JPY (0.0Y/400.0sq.m)21,068 JPY (0.0Y/301.0sq.m)22,519 JPY (0.0Y/278.9sq.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

Rikuchuunoda6,548 JPY/sq.m (+25% compared with the previous year)

The average price of a sq.m Land of Rikuchuunoda was 6,548 JPY/sq.m. The market value represents an increase of 1,298 JPY (+24.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.0 sq.m (a -2.5% decrease compared to the 400.0 sq.m of last year.).

Miyako18,932 JPY/sq.m (-31% compared with the previous year)

The average price of a sq.m Land of Miyako was 18,932 JPY/sq.m. The market value represents a decrease of 8,509 JPY (-31.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 223.0 sq.m (a -44.0% decrease compared to the 397.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.3 min in 2013 and 48.2 min in 2014; +76.3%)

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)