JR Joban Line Miyagi 2017-2Q
Land market report

JR Joban Line railway market report

JR Joban Line Land market overview

The average price of a sq.m Land of JR Joban Line (Sakamoto to Iwanuma), in Apr, 2017 to Jun, 2017 was 21,117 JPY/sq.m. The market value represents a decrease of 5,666 JPY (-21.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 27 (-79.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 534.3 sq.m (a +40.4% increase compared to the 380.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Watari station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Watari station, where prices have increased +81.6% compared to last year; a sq.m unit now costs 21,117 JPY/sq.m.

The top 1 stations has seen prices increase +81.6% (+9,490 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +81.6% (+9,490 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.9 min in 2016 and 23.0 min in 2017; -23.0%)

Breakdown of each segment

The table below shows Land dealt in JR Joban 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 Watari, the highest market value along this railway was 21,117 JPY/sq.m. The market value represents an increase of 9,490 JPY (+81.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Watari, the lowest market value along this railway was 21,117 JPY/sq.m. The market value represents an increase of 9,490 JPY (+81.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2017)1 year ago2 years ago
Sakamoto---
Yamashita---
Hamayoshida-11,966 JPY (0.0Y/488.9sq.m)3,472 JPY (0.0Y/720.0sq.m)
Watari21,117 JPY (0.0Y/290.0sq.m)11,628 JPY (0.0Y/332.5sq.m)12,295 JPY (0.0Y/387.5sq.m)
Ookuma-14,767 JPY (0.0Y/508.3sq.m)14,196 JPY (0.0Y/666.7sq.m)
Iwanuma-47,544 JPY (0.0Y/311.1sq.m)29,174 JPY (0.0Y/501.5sq.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

Watari21,117 JPY/sq.m (+82% compared with the previous year)

The average price of a sq.m Land of Watari was 21,117 JPY/sq.m. The market value represents an increase of 9,490 JPY (+81.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a -12.8% decrease compared to the 332.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 25.1 min in 2016 and 22.2 min in 2017; -11.8%)

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)