Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Jan, 2013 to Mar, 2013 was 35,557 JPY/sq.m. The market value represents an increase of 1,679 JPY (+5.0%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents an increase of 16 (+30.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 485.1 sq.m (a +71.5% increase compared to the 282.8 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.

4 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Ichinoseki, Kitakami station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Iwate-Numakunai station, where prices have increased +265.0% compared to last year; a sq.m unit now costs 10,937 JPY/sq.m.

The top 1 stations has seen prices increase +265.0% (+7,940 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +5.8% (+2,452 JPY/sq.m).


Causes of price decreases

  • An increase in average distance from the station (representing 36.4 min in 2012 and 40.7 min in 2013; +11.9%)

Breakdown of each segment

The table below shows Land dealt in Tohoku Shinkansen, 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 Morioka, the highest market value along this railway was 44,509 JPY/sq.m. The market value represents an increase of 2,452 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 30 properties exchanged hands ( The market value represents an increase of 3 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Iwate-Numakunai, the lowest market value along this railway was 10,937 JPY/sq.m. The market value represents an increase of 7,940 JPY (+265.0%) 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.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2013)1 year ago2 years ago
Ichinoseki31,197 JPY (0.0Y/322.4sq.m)28,352 JPY (0.0Y/181.0sq.m)31,859 JPY (0.0Y/362.1sq.m)
Mizusawa Esashi---
Kitakami28,257 JPY (0.0Y/767.7sq.m)25,383 JPY (0.0Y/233.8sq.m)29,611 JPY (0.0Y/288.3sq.m)
Shin-Hanamaki---
Morioka44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.m)44,453 JPY (0.0Y/253.6sq.m)
Iwate-Numakunai10,937 JPY (0.0Y/640.0sq.m)2,996 JPY (0.0Y/90.0sq.m)4,254 JPY (0.0Y/785.0sq.m)
Ninohe19,041 JPY (0.0Y/380.0sq.m)-19,045 JPY (0.0Y/260.0sq.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

Iwate-Numakunai10,937 JPY/sq.m (+265% compared with the previous year)

The average price of a sq.m Land of Iwate-Numakunai was 10,937 JPY/sq.m. The market value represents an increase of 7,940 JPY (+265.0%) 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.).

The average size of the real estate was 640.0 sq.m (a +611.1% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2012 and 30.0 min in 2013; -75.0%)

Morioka44,509 JPY/sq.m (+6% compared with the previous year)

The average price of a sq.m Land of Morioka was 44,509 JPY/sq.m. The market value represents an increase of 2,452 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 30 properties exchanged hands ( The market value represents an increase of 3 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 481.8 sq.m (a +30.9% increase compared to the 368.1 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 37.5 min in 2012 and 41.9 min in 2013; +11.7%)

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)