JR Kesennuma Line Miyagi 2014-1Q
Land market report

JR Kesennuma Line railway market report

JR Kesennuma Line Land market overview

The average price of a sq.m Land of JR Kesennuma Line (Maeyachi to Kesennnuma), in Jan, 2014 to Mar, 2014 was 18,106 JPY/sq.m. The market value represents a decrease of 1,698 JPY (-8.6%) compared to 1 year ago and a transition to a bear market. 24 properties exchanged hands ( The market value represents a decrease of 74 (-75.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 437.1 sq.m (a -0.8% decrease compared to the 440.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Rikuzenntoyosato station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rikuzenntoyosato station, where prices have increased +53.8% compared to last year; a sq.m unit now costs 13,901 JPY/sq.m.

The top 1 stations has seen prices increase +53.8% (+4,860 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -78.6% (-5,575 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 39.8 min in 2013 and 54.1 min in 2014; +35.8%)

Breakdown of each segment

The table below shows Land dealt in JR Kesennuma 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 Kesennnuma, the highest market value along this railway was 21,266 JPY/sq.m. The market value represents a decrease of 2,275 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 17 properties exchanged hands ( The market value represents a decrease of 46 (-73.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Yanaidu, the lowest market value along this railway was 1,517 JPY/sq.m. The market value represents a decrease of 5,575 JPY (-78.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

JR Kesennuma Line (Stations Land market overview)
JR Kesennuma LineThis year(2014)1 year ago2 years ago
Maeyachi15,000 JPY (0.0Y/280.0sq.m)17,654 JPY (0.0Y/280.0sq.m)6,670 JPY (0.0Y/355.0sq.m)
Wabuchi11,764 JPY (0.0Y/850.0sq.m)--
Nonodake---
Rikuzenntoyosato13,901 JPY (0.0Y/291.7sq.m)9,041 JPY (0.0Y/420.0sq.m)5,944 JPY (0.0Y/675.0sq.m)
Mitakedou---
Yanaidu1,517 JPY (0.0Y/560.0sq.m)7,092 JPY (0.0Y/296.9sq.m)6,333 JPY (0.0Y/570.0sq.m)
Rikuzennyokoyama---
Rikuzenntogura-1,000 JPY (0.0Y/1500.0sq.m)9,081 JPY (0.0Y/980.0sq.m)
Shidugawa-19,659 JPY (0.0Y/533.6sq.m)-
Shizuhama---
Utatsu3,040 JPY (0.0Y/125.0sq.m)7,142 JPY (0.0Y/630.0sq.m)-
Rikuzennminato-2,172 JPY (0.0Y/665.0sq.m)12,000 JPY (0.0Y/550.0sq.m)
Motoyoshi---
Ooyakaigann---
Rikuzennhashikami--13,529 JPY (0.0Y/340.0sq.m)
Saichi---
Matsuiwa-11,851 JPY (0.0Y/270.0sq.m)-
Minamikesennnuma-26,153 JPY (0.0Y/260.0sq.m)30,000 JPY (0.0Y/220.0sq.m)
Fudounosawa---
Kesennnuma21,266 JPY (0.0Y/458.8sq.m)23,541 JPY (0.0Y/381.0sq.m)16,678 JPY (0.0Y/495.0sq.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

Rikuzenntoyosato13,901 JPY/sq.m (+54% compared with the previous year)

The average price of a sq.m Land of Rikuzenntoyosato was 13,901 JPY/sq.m. The market value represents an increase of 4,860 JPY (+53.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 291.7 sq.m (a -30.6% decrease compared to the 420.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 45.8 min in 2013 and 10.0 min in 2014; -78.2%)

Yanaidu1,517 JPY/sq.m (-79% compared with the previous year)

The average price of a sq.m Land of Yanaidu was 1,517 JPY/sq.m. The market value represents a decrease of 5,575 JPY (-78.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 560.0 sq.m (a +88.6% increase compared to the 296.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 97.5 min in 2013 and 120.0 min in 2014; +23.1%)

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)