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 Jul, 2015 to Sep, 2015 was 17,245 JPY/sq.m. The market value represents an increase of 918 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 23 properties exchanged hands ( The market value represents an increase of 5 (+27.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 405.4 sq.m (a -19.7% decrease compared to the 505.0 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kuji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuji station, where prices have increased +50.1% compared to last year; a sq.m unit now costs 22,633 JPY/sq.m.

The top 1 stations has seen prices increase +50.1% (+7,559 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +50.1% (+7,559 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.8 min in 2014 and 52.0 min in 2015; +101.9%)

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 Kuji, the highest market value along this railway was 22,633 JPY/sq.m. The market value represents an increase of 7,559 JPY (+50.1%) 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 Kuji, the lowest market value along this railway was 22,633 JPY/sq.m. The market value represents an increase of 7,559 JPY (+50.1%) 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.).

Sanriku Railway Kita-Riasu Line (Stations Land market overview)
Sanriku Railway Kita-Riasu LineThis year(2015)1 year ago2 years ago
Miyako18,736 JPY (0.0Y/410.0sq.m)-37,235 JPY (0.0Y/213.9sq.m)
Yamaguchidannchi-29,615 JPY (0.0Y/390.0sq.m)-
Ichinowatari--29,861 JPY (0.0Y/330.0sq.m)
Tarou--24,959 JPY (0.0Y/295.0sq.m)
Settai---
N/A---
Shimanokoshi---
Tanohata1,311 JPY (0.0Y/658.3sq.m)-3,636 JPY (0.0Y/330.0sq.m)
Fudai---
Horinai---
Rikuchuunoda-10,520 JPY (0.0Y/890.0sq.m)12,898 JPY (0.0Y/290.0sq.m)
Rikuchuuube---
Kuji22,633 JPY (0.0Y/240.0sq.m)15,074 JPY (0.0Y/442.5sq.m)20,704 JPY (0.0Y/492.5sq.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

Kuji22,633 JPY/sq.m (+50% compared with the previous year)

The average price of a sq.m Land of Kuji was 22,633 JPY/sq.m. The market value represents an increase of 7,559 JPY (+50.1%) 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 240.0 sq.m (a -45.8% decrease compared to the 442.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 20.8 min in 2014 and 18.0 min in 2015; -13.6%)

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)