Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Ichinoseki to Ninohe), in Apr, 2016 to Jun, 2016 was 37,742 JPY/sq.m. The market value represents a decrease of 49 JPY (-0.1%) compared to 1 year ago and a transition to a slight market. 55 properties exchanged hands ( The market value represents an increase of 34 (+161.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 355.4 sq.m (a +1.5% increase compared to the 350.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Kitakami 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 +2148.2% compared to last year; a sq.m unit now costs 16,906 JPY/sq.m.

The top 1 stations has seen prices increase +2148.2% (+16,154 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +8.0% (+3,517 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 47,457 JPY/sq.m. The market value represents an increase of 3,517 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ninohe, the lowest market value along this railway was 16,906 JPY/sq.m. The market value represents an increase of 16,154 JPY (+2148.2%) 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.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2016)1 year ago2 years ago
Ichinoseki31,265 JPY (0.0Y/480.0sq.m)-24,182 JPY (0.0Y/250.0sq.m)
Mizusawa Esashi---
Kitakami33,144 JPY (0.0Y/366.5sq.m)26,749 JPY (0.0Y/288.0sq.m)31,084 JPY (0.0Y/367.5sq.m)
Shin-Hanamaki---
Morioka47,457 JPY (0.0Y/247.4sq.m)43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)
Iwate-Numakunai---
Ninohe16,906 JPY (0.0Y/460.0sq.m)752 JPY (0.0Y/930.0sq.m)19,476 JPY (0.0Y/265.0sq.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

Ninohe16,906 JPY/sq.m (+2148% compared with the previous year)

The average price of a sq.m Land of Ninohe was 16,906 JPY/sq.m. The market value represents an increase of 16,154 JPY (+2148.2%) 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 460.0 sq.m (a -50.5% decrease compared to the 930.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2015 and 75.0 min in 2016; -37.5%)

Morioka47,457 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Land of Morioka was 47,457 JPY/sq.m. The market value represents an increase of 3,517 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 247.4 sq.m (a -25.5% decrease compared to the 332.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.9 min in 2015 and 34.0 min in 2016; +31.3%)

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)