Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Jul, 2015 to Sep, 2015 was 35,010 JPY/sq.m. The market value represents an increase of 699 JPY (+2.0%) compared to 1 year ago and a transition to a slight market. 60 properties exchanged hands ( The market value represents an increase of 11 (+22.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 416.2 sq.m (a +1.7% increase compared to the 409.3 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.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Ninohe station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ninohe station, where prices have increased +62.4% compared to last year; a sq.m unit now costs 17,072 JPY/sq.m.

The top 1 stations has seen prices increase +62.4% (+6,562 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -32.5% (-4,324 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:

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Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 51,518 JPY/sq.m. The market value represents a decrease of 1,687 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 25 properties exchanged hands ( The market value represents an increase of 5 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Iwate-Numakunai, the lowest market value along this railway was 9,000 JPY/sq.m. The market value represents a decrease of 4,324 JPY (-32.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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
Ichinoseki24,597 JPY (0.0Y/485.5sq.m)25,221 JPY (0.0Y/539.1sq.m)23,378 JPY (0.0Y/381.5sq.m)
Mizusawa Esashi---
Kitakami22,037 JPY (0.0Y/428.1sq.m)25,727 JPY (0.0Y/263.8sq.m)32,105 JPY (0.0Y/333.5sq.m)
Shin-Hanamaki---
Morioka51,518 JPY (0.0Y/264.2sq.m)53,205 JPY (0.0Y/357.5sq.m)53,631 JPY (0.0Y/266.3sq.m)
Iwate-Numakunai9,000 JPY (0.0Y/800.0sq.m)13,324 JPY (0.0Y/535.0sq.m)8,558 JPY (0.0Y/92.5sq.m)
Ninohe17,072 JPY (0.0Y/865.0sq.m)10,509 JPY (0.0Y/373.3sq.m)11,110 JPY (0.0Y/1125.0sq.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.
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Noteworthy stations

Ninohe17,072 JPY/sq.m (+62% compared with the previous year)

The average price of a sq.m Land of Ninohe was 17,072 JPY/sq.m. The market value represents an increase of 6,562 JPY (+62.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 865.0 sq.m (a +131.7% increase compared to the 373.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.7 min in 2014 and 31.2 min in 2015; -38.3%)

Iwate-Numakunai9,000 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Iwate-Numakunai was 9,000 JPY/sq.m. The market value represents a decrease of 4,324 JPY (-32.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 800.0 sq.m (a +49.5% increase compared to the 535.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.6 min in 2014 and 23.0 min in 2015; -22.2%)

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)