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 Oct, 2016 to Dec, 2016 was 17,699 JPY/sq.m. The market value represents a decrease of 7,015 JPY (-28.4%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 11 (+45.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 327.0 sq.m (a +5.9% increase compared to the 308.8 sq.m of last year.).

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

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Rikuzennakasaki 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 +250.9% compared to last year; a sq.m unit now costs 11,481 JPY/sq.m.

The top 1 stations has seen prices increase +250.9% (+8,209 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -97.9% (-32,619 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 57.4 min in 2015 and 90.2 min in 2016; +57.1%)

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 32,108 JPY/sq.m. The market value represents a decrease of 1,270 JPY (-3.8%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Heita, the lowest market value along this railway was 714 JPY/sq.m. The market value represents a decrease of 32,619 JPY (-97.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Sanriku Railway Minami-Riasu Line (Stations Land market overview)
Sanriku Railway Minami-Riasu LineThis year(2016)1 year ago2 years ago
Sakari32,108 JPY (0.0Y/353.3sq.m)33,377 JPY (0.0Y/236.2sq.m)25,668 JPY (0.0Y/342.5sq.m)
Rikuzennakasaki14,078 JPY (0.0Y/280.0sq.m)11,515 JPY (0.0Y/330.0sq.m)11,212 JPY (0.0Y/330.0sq.m)
Ryouri--7,575 JPY (0.0Y/330.0sq.m)
Sannriku-3,035 JPY (0.0Y/560.0sq.m)26,666 JPY (0.0Y/450.0sq.m)
Yoshihama---
Touni11,481 JPY (0.0Y/270.0sq.m)3,272 JPY (0.0Y/1100.0sq.m)-
Heita714 JPY (0.0Y/280.0sq.m)33,333 JPY (0.0Y/135.0sq.m)-
Kamaishi17,456 JPY (0.0Y/333.5sq.m)22,914 JPY (0.0Y/282.9sq.m)30,467 JPY (0.0Y/252.0sq.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

Touni11,481 JPY/sq.m (+251% compared with the previous year)

The average price of a sq.m Land of Touni was 11,481 JPY/sq.m. The market value represents an increase of 8,209 JPY (+250.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 270.0 sq.m (a -75.5% decrease compared to the 1100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2015 and 24.5 min in 2016; +22.5%)

Heita714 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Land of Heita was 714 JPY/sq.m. The market value represents a decrease of 32,619 JPY (-97.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 280.0 sq.m (a +107.4% increase compared to the 135.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2015 and 12.0 min in 2016; +1100.0%)

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)