Sanriku Railway Minami-Riasu Line Land market overview

The average price of a sq.m Land of Sanriku Railway Minami-Riasu Line (Sakari to Kamaishi), in Apr, 2014 to Jun, 2014 was 18,050 JPY/sq.m. The market value represents a decrease of 5,602 JPY (-23.7%) compared to 1 year ago and a transition to a dramatic market. 34 properties exchanged hands ( The market value represents a decrease of 27 (-44.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 484.3 sq.m (a +32.8% increase compared to the 364.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Touni station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Touni station, where prices have increased +57.0% compared to last year; a sq.m unit now costs 7,734 JPY/sq.m.

The top 1 stations has seen prices increase +57.0% (+2,807 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -46.4% (-13,387 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 61.9 min in 2013 and 71.5 min in 2014; +15.5%)

Breakdown of each segment

The table below shows Land dealt in Sanriku Railway Minami-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 Sakari, the highest market value along this railway was 27,770 JPY/sq.m. The market value represents an increase of 2,834 JPY (+11.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Sannriku, the lowest market value along this railway was 6,086 JPY/sq.m. The market value represents a decrease of 2,514 JPY (-29.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Sanriku Railway Minami-Riasu Line (Stations Land market overview)
Sanriku Railway Minami-Riasu LineThis year(2014)1 year ago2 years ago
Sakari27,770 JPY (0.0Y/368.9sq.m)24,936 JPY (0.0Y/452.8sq.m)29,517 JPY (0.0Y/320.0sq.m)
Rikuzennakasaki--16,578 JPY (0.0Y/380.0sq.m)
Ryouri---
Sannriku6,086 JPY (0.0Y/230.0sq.m)8,600 JPY (0.0Y/475.0sq.m)-
Yoshihama-9,047 JPY (0.0Y/1420.0sq.m)-
Touni7,734 JPY (0.0Y/495.0sq.m)4,927 JPY (0.0Y/266.1sq.m)2,247 JPY (0.0Y/890.0sq.m)
Heita--41,538 JPY (0.0Y/1650.0sq.m)
Kamaishi15,437 JPY (0.0Y/542.0sq.m)28,824 JPY (0.0Y/307.3sq.m)38,252 JPY (0.0Y/266.2sq.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

Touni7,734 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Touni was 7,734 JPY/sq.m. The market value represents an increase of 2,807 JPY (+57.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 495.0 sq.m (a +86.0% increase compared to the 266.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2013 and 40.5 min in 2014; -32.5%)

Kamaishi15,437 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 15,437 JPY/sq.m. The market value represents a decrease of 13,387 JPY (-46.4%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 17 (-43.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 542.0 sq.m (a +76.4% increase compared to the 307.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 75.2 min in 2013 and 93.0 min in 2014; +23.8%)

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)