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, 2015 to Dec, 2015 was 17,374 JPY/sq.m. The market value represents an increase of 1,738 JPY (+11.1%) compared to 1 year ago and a transition to a bull market. 107 properties exchanged hands ( The market value represents an increase of 38 (+55.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 353.3 sq.m (a -12.7% decrease compared to the 404.7 sq.m of last year.).

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

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kuji station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Rikuchuunoda station, where prices have increased +377.4% compared to last year; a sq.m unit now costs 35,474 JPY/sq.m.

The top 1 stations has seen prices increase +377.4% (+28,043 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -38.4% (-13,698 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 1.4% of total transactions in 2014 and 20.6% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 32.6 min in 2014 and 45.0 min in 2015; +38.2%)

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 Rikuchuunoda, the highest market value along this railway was 35,474 JPY/sq.m. The market value represents an increase of 28,043 JPY (+377.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 7 (-70.0%) 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 3,550 JPY/sq.m. The market value represents a decrease of 86 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) 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(2015)1 year ago2 years ago
Miyako21,960 JPY (0.0Y/348.8sq.m)35,658 JPY (0.0Y/238.6sq.m)31,722 JPY (0.0Y/308.5sq.m)
Yamaguchidannchi-29,615 JPY (0.0Y/390.0sq.m)45,645 JPY (0.0Y/410.0sq.m)
Ichinowatari--21,743 JPY (0.0Y/380.0sq.m)
Tarou--13,010 JPY (0.0Y/369.0sq.m)
Settai---
N/A---
Shimanokoshi-3,361 JPY (0.0Y/469.2sq.m)6,363 JPY (0.0Y/880.0sq.m)
Tanohata3,550 JPY (0.0Y/412.5sq.m)3,636 JPY (0.0Y/330.0sq.m)5,339 JPY (0.0Y/544.4sq.m)
Fudai14,545 JPY (0.0Y/220.0sq.m)-34,722 JPY (0.0Y/720.0sq.m)
Horinai-3,939 JPY (0.0Y/330.0sq.m)2,714 JPY (0.0Y/175.0sq.m)
Rikuchuunoda35,474 JPY (0.0Y/285.0sq.m)7,431 JPY (0.0Y/540.0sq.m)10,766 JPY (0.0Y/392.0sq.m)
Rikuchuuube--7,979 JPY (0.0Y/290.0sq.m)
Kuji17,809 JPY (0.0Y/436.8sq.m)15,461 JPY (0.0Y/419.5sq.m)18,708 JPY (0.0Y/454.8sq.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

Rikuchuunoda35,474 JPY/sq.m (+377% compared with the previous year)

The average price of a sq.m Land of Rikuchuunoda was 35,474 JPY/sq.m. The market value represents an increase of 28,043 JPY (+377.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 7 (-70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 285.0 sq.m (a -47.2% decrease compared to the 540.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.6 min in 2014 and 18.0 min in 2015; -29.7%)

Miyako21,960 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Miyako was 21,960 JPY/sq.m. The market value represents a decrease of 13,698 JPY (-38.4%) compared to 1 year ago and a transition to a dramatic market. 54 properties exchanged hands ( The market value represents an increase of 40 (+285.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 348.8 sq.m (a +46.2% increase compared to the 238.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.8 min in 2014 and 68.1 min in 2015; +121.2%)

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)