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 Apr, 2016 to Jun, 2016 was 17,165 JPY/sq.m. The market value represents a decrease of 8,842 JPY (-34.0%) compared to 1 year ago and a transition to a dramatic market. 53 properties exchanged hands ( The market value represents an increase of 4 (+8.2%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 360.0 sq.m (a -19.9% decrease compared to the 449.7 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.

3 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Kogota station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kogota station, where prices have increased +21.6% compared to last year; a sq.m unit now costs 20,107 JPY/sq.m.

The top 2 stations has seen prices increase +20.1% (+3,653 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -76.4% (-8,518 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.8 min in 2015 and 51.7 min in 2016; +93.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.2% of total transactions in 2015 and 1.9% of total transactions in 2016)

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 Rikuzenninai, the highest market value along this railway was 38,235 JPY/sq.m. The market value represents an increase of 5,222 JPY (+15.8%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Maeyachi, the lowest market value along this railway was 1,428 JPY/sq.m. The market value represents a decrease of 6,847 JPY (-82.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Ishimaki Line (Stations Land market overview)
JR Ishimaki LineThis year(2016)1 year ago2 years ago
Kogota20,107 JPY (0.0Y/431.2sq.m)16,538 JPY (0.0Y/312.5sq.m)17,709 JPY (0.0Y/392.5sq.m)
Kamiwakuya12,380 JPY (0.0Y/210.0sq.m)--
Wakuya4,375 JPY (0.0Y/80.0sq.m)14,564 JPY (0.0Y/990.0sq.m)11,719 JPY (0.0Y/345.0sq.m)
Maeyachi1,428 JPY (0.0Y/140.0sq.m)8,275 JPY (0.0Y/290.0sq.m)100 JPY (0.0Y/1000.0sq.m)
Kakeyama13,870 JPY (0.0Y/1155.0sq.m)23,061 JPY (0.0Y/600.0sq.m)38,258 JPY (0.0Y/320.0sq.m)
Kanomata7,709 JPY (0.0Y/336.7sq.m)13,363 JPY (0.0Y/784.4sq.m)23,079 JPY (0.0Y/482.1sq.m)
Sobanokami---
Ishinomaki28,333 JPY (0.0Y/350.5sq.m)47,257 JPY (0.0Y/244.6sq.m)43,278 JPY (0.0Y/183.6sq.m)
Rikuzenninai38,235 JPY (0.0Y/340.0sq.m)33,012 JPY (0.0Y/455.0sq.m)-
Watanoha23,832 JPY (0.0Y/346.1sq.m)20,095 JPY (0.0Y/365.0sq.m)18,909 JPY (0.0Y/307.5sq.m)
Manngokuura-23,333 JPY (0.0Y/205.0sq.m)24,705 JPY (0.0Y/85.0sq.m)
Sawada---
Urashuku18,778 JPY (0.0Y/231.7sq.m)20,416 JPY (0.0Y/1120.0sq.m)2,173 JPY (0.0Y/230.0sq.m)
Onagawa8,750 JPY (0.0Y/312.0sq.m)11,278 JPY (0.0Y/300.0sq.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

Kogota20,107 JPY/sq.m (+22% compared with the previous year)

The average price of a sq.m Land of Kogota was 20,107 JPY/sq.m. The market value represents an increase of 3,568 JPY (+21.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 431.2 sq.m (a +38.0% increase compared to the 312.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.2 min in 2015 and 8.8 min in 2016; -34.0%)

Watanoha23,832 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Watanoha was 23,832 JPY/sq.m. The market value represents an increase of 3,737 JPY (+18.6%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.1 sq.m (a -5.2% decrease compared to the 365.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.6 min in 2015 and 15.8 min in 2016; -67.5%)

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 28.6% of total transactions in 2015 and 11.1% of total transactions in 2016)

Maeyachi1,428 JPY/sq.m (-83% compared with the previous year)

The average price of a sq.m Land of Maeyachi was 1,428 JPY/sq.m. The market value represents a decrease of 6,847 JPY (-82.7%) 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 140.0 sq.m (a -51.7% decrease compared to the 290.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 60.0 min in 2016; +1400.0%)

Wakuya4,375 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Land of Wakuya was 4,375 JPY/sq.m. The market value represents a decrease of 10,189 JPY (-70.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 80.0 sq.m (a -91.9% decrease compared to the 990.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2015 and 30.0 min in 2016; +275.0%)

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)