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 Jan, 2017 to Mar, 2017 was 33,336 JPY/sq.m. The market value represents an increase of 16,764 JPY (+101.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 28 (-82.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 306.7 sq.m (a -27.9% decrease compared to the 425.6 sq.m of last year.).

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

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kamaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Heita station, where prices have increased +291.5% compared to last year; a sq.m unit now costs 43,500 JPY/sq.m.

The top 1 stations has seen prices increase +291.5% (+32,389 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +83.2% (+14,217 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 83.0 min in 2016 and 68.5 min in 2017; -17.5%)

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 Heita, the highest market value along this railway was 43,500 JPY/sq.m. The market value represents an increase of 32,389 JPY (+291.5%) 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 price of a sq.m Land of Kamaishi, the lowest market value along this railway was 31,303 JPY/sq.m. The market value represents an increase of 14,217 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 20 (-80.0%) 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(2017)1 year ago2 years ago
Sakari-22,504 JPY (0.0Y/582.5sq.m)16,147 JPY (0.0Y/610.0sq.m)
Rikuzennakasaki-8,909 JPY (0.0Y/386.7sq.m)-
Ryouri---
Sannriku-8,421 JPY (0.0Y/570.0sq.m)-
Yoshihama---
Touni---
Heita43,500 JPY (0.0Y/200.0sq.m)11,111 JPY (0.0Y/270.0sq.m)-
Kamaishi31,303 JPY (0.0Y/328.0sq.m)17,087 JPY (0.0Y/405.6sq.m)24,079 JPY (0.0Y/397.0sq.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

Heita43,500 JPY/sq.m (+292% compared with the previous year)

The average price of a sq.m Land of Heita was 43,500 JPY/sq.m. The market value represents an increase of 32,389 JPY (+291.5%) 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 200.0 sq.m (a -25.9% decrease compared to the 270.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2016 and 8.0 min in 2017; -66.7%)

Kamaishi31,303 JPY/sq.m (+83% compared with the previous year)

The average price of a sq.m Land of Kamaishi was 31,303 JPY/sq.m. The market value represents an increase of 14,217 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 20 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.0 sq.m (a -19.1% decrease compared to the 405.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 99.3 min in 2016 and 80.6 min in 2017; -18.8%)

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)