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 Jul, 2016 to Sep, 2016 was 57,921 JPY/sq.m. The market value represents an increase of 13,318 JPY (+29.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 153.8 sq.m (a -54.8% decrease compared to the 340.5 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Higashimaiduru station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higashimaiduru station, where prices have increased +29.9% compared to last year; a sq.m unit now costs 57,921 JPY/sq.m.

The top 1 stations has seen prices increase +29.9% (+13,318 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +29.9% (+13,318 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 20.9 min in 2015 and 17.0 min in 2016; -18.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

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 57,921 JPY/sq.m. The market value represents an increase of 13,318 JPY (+29.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) 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 57,921 JPY/sq.m. The market value represents an increase of 13,318 JPY (+29.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Obama Line (Stations Land market overview)
JR Obama LineThis year(2016)1 year ago2 years ago
Matsunoodera---
Higashimaiduru57,921 JPY (0.0Y/153.8sq.m)44,603 JPY (0.0Y/340.5sq.m)57,841 JPY (0.0Y/165.0sq.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

Higashimaiduru57,921 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Land of Higashimaiduru was 57,921 JPY/sq.m. The market value represents an increase of 13,318 JPY (+29.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 153.8 sq.m (a -54.8% decrease compared to the 340.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 20.9 min in 2015 and 17.0 min in 2016; -18.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

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)