JR Obama Line railway market report

JR Obama Line Land market overview

The average price of a sq.m Land of JR Obama Line (Matsunoodera to Higashimaiduru), in Oct, 2015 to Dec, 2015 was 59,070 JPY/sq.m. The market value represents a decrease of 12,977 JPY (-18.0%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 686.4 sq.m (a +348.6% increase compared to the 153.0 sq.m of last year.).

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

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Higashimaiduru station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Higashimaiduru station, where prices have decreased -18.0% compared to last year; a sq.m unit now costs 59,070 JPY/sq.m.

The top 1 stations has seen prices increase -18.0% (-12,977 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -18.0% (-12,977 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2014 and 14.3% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in JR Obama 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Higashimaiduru, the highest market value along this railway was 59,070 JPY/sq.m. The market value represents a decrease of 12,977 JPY (-18.0%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Higashimaiduru, the lowest market value along this railway was 59,070 JPY/sq.m. The market value represents a decrease of 12,977 JPY (-18.0%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Obama Line (Stations Land market overview)
JR Obama LineThis year(2015)1 year ago2 years ago
Matsunoodera---
Higashimaiduru59,070 JPY (0.0Y/686.4sq.m)72,047 JPY (0.0Y/153.0sq.m)45,708 JPY (0.0Y/181.9sq.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

Higashimaiduru59,070 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Higashimaiduru was 59,070 JPY/sq.m. The market value represents a decrease of 12,977 JPY (-18.0%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 686.4 sq.m (a +348.6% increase compared to the 153.0 sq.m of last year.).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2014 and 14.3% of total transactions in 2015)

Breakdown of each segment

Station:   Segment:

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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)