Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Apr, 2015 to Jun, 2015 was 37,790 JPY/sq.m. The market value represents an increase of 2,840 JPY (+8.1%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents a decrease of 8 (-27.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 350.0 sq.m (a +15.5% increase compared to the 303.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kitakami station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Ninohe station, where prices have decreased -96.1% compared to last year; a sq.m unit now costs 752 JPY/sq.m.

The top 1 stations has seen prices increase +3.2% (+1,383 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -96.1% (-18,724 JPY/sq.m).



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 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Ninohe, the lowest market value along this railway was 752 JPY/sq.m. The market value represents a decrease of 18,724 JPY (-96.1%) 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(2015)1 year ago2 years ago
Ichinoseki-24,182 JPY (0.0Y/250.0sq.m)30,986 JPY (0.0Y/471.3sq.m)
Mizusawa Esashi---
Kitakami26,749 JPY (0.0Y/288.0sq.m)31,084 JPY (0.0Y/367.5sq.m)23,245 JPY (0.0Y/450.0sq.m)
Shin-Hanamaki---
Morioka43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)53,486 JPY (0.0Y/308.6sq.m)
Iwate-Numakunai--13,896 JPY (0.0Y/383.3sq.m)
Ninohe752 JPY (0.0Y/930.0sq.m)19,476 JPY (0.0Y/265.0sq.m)17,500 JPY (0.0Y/480.0sq.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

Morioka43,940 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Morioka was 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 332.0 sq.m (a +28.8% increase compared to the 257.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.2 min in 2014 and 25.9 min in 2015; -38.6%)

Ninohe752 JPY/sq.m (-96% compared with the previous year)

The average price of a sq.m Land of Ninohe was 752 JPY/sq.m. The market value represents a decrease of 18,724 JPY (-96.1%) 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 930.0 sq.m (a +250.9% increase compared to the 265.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.5 min in 2014 and 120.0 min in 2015; +627.3%)

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)