JR Ishimaki Line Miyagi 2014-1Q
Land market report

JR Ishimaki Line railway market report

JR Ishimaki Line Land market overview

The average price of a sq.m Land of JR Ishimaki Line (Kogota to Onagawa), in Jan, 2014 to Mar, 2014 was 22,791 JPY/sq.m. The market value represents an increase of 4,440 JPY (+24.2%) compared to 1 year ago and a transition to a dramatic market. 87 properties exchanged hands ( The market value represents a decrease of 5 (-5.4%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 354.2 sq.m (a -31.1% decrease compared to the 514.4 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.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Kakeyama, Sawada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sobanokami station, where prices have increased +480.4% compared to last year; a sq.m unit now costs 47,619 JPY/sq.m.

The top 2 stations has seen prices increase +375.8% (+24,081 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.2% (-7,174 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.2 min in 2013 and 27.4 min in 2014; -30.0%)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.3% of total transactions in 2013 and 3.4% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Ishimaki 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 Sobanokami, the highest market value along this railway was 47,619 JPY/sq.m. The market value represents an increase of 39,414 JPY (+480.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Urashuku, the lowest market value along this railway was 4,936 JPY/sq.m. The market value represents a decrease of 7,096 JPY (-59.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Ishimaki Line (Stations Land market overview)
JR Ishimaki LineThis year(2014)1 year ago2 years ago
Kogota14,500 JPY (0.0Y/603.3sq.m)21,751 JPY (0.0Y/308.8sq.m)23,892 JPY (0.0Y/309.2sq.m)
Kamiwakuya4,375 JPY (0.0Y/480.0sq.m)--
Wakuya11,973 JPY (0.0Y/178.3sq.m)3,225 JPY (0.0Y/310.0sq.m)11,412 JPY (0.0Y/524.0sq.m)
Maeyachi15,000 JPY (0.0Y/280.0sq.m)17,654 JPY (0.0Y/280.0sq.m)6,670 JPY (0.0Y/355.0sq.m)
Kakeyama31,970 JPY (0.0Y/260.0sq.m)25,975 JPY (0.0Y/1027.5sq.m)5,050 JPY (0.0Y/990.0sq.m)
Kanomata14,708 JPY (0.0Y/407.0sq.m)12,926 JPY (0.0Y/577.3sq.m)16,079 JPY (0.0Y/545.0sq.m)
Sobanokami47,619 JPY (0.0Y/210.0sq.m)8,205 JPY (0.0Y/780.0sq.m)32,857 JPY (0.0Y/255.0sq.m)
Ishinomaki27,739 JPY (0.0Y/278.1sq.m)27,851 JPY (0.0Y/546.4sq.m)27,499 JPY (0.0Y/704.7sq.m)
Rikuzenninai26,989 JPY (0.0Y/245.0sq.m)24,178 JPY (0.0Y/400.0sq.m)26,196 JPY (0.0Y/265.0sq.m)
Watanoha17,890 JPY (0.0Y/365.0sq.m)17,971 JPY (0.0Y/288.3sq.m)23,955 JPY (0.0Y/436.3sq.m)
Manngokuura---
Sawada15,384 JPY (0.0Y/390.0sq.m)8,382 JPY (0.0Y/436.7sq.m)-
Urashuku4,936 JPY (0.0Y/1145.0sq.m)12,032 JPY (0.0Y/160.0sq.m)1,750 JPY (0.0Y/200.0sq.m)
Onagawa---

*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

Sobanokami47,619 JPY/sq.m (+480% compared with the previous year)

The average price of a sq.m Land of Sobanokami was 47,619 JPY/sq.m. The market value represents an increase of 39,414 JPY (+480.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 210.0 sq.m (a -73.1% decrease compared to the 780.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2013 and 30.0 min in 2014; +130.8%)

Wakuya11,973 JPY/sq.m (+271% compared with the previous year)

The average price of a sq.m Land of Wakuya was 11,973 JPY/sq.m. The market value represents an increase of 8,748 JPY (+271.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 178.3 sq.m (a -42.5% decrease compared to the 310.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2013 and 12.3 min in 2014; -58.9%)

Urashuku4,936 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Land of Urashuku was 4,936 JPY/sq.m. The market value represents a decrease of 7,096 JPY (-59.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1145.0 sq.m (a +615.6% increase compared to the 160.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2013 and 46.5 min in 2014; +365.0%)

Kogota14,500 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Kogota was 14,500 JPY/sq.m. The market value represents a decrease of 7,251 JPY (-33.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 603.3 sq.m (a +95.4% increase compared to the 308.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2013 and 12.0 min in 2014; +50.0%)

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)