JR Ofunato BRT line railway market report

JR Ofunato BRT line Land market overview

The average price of a sq.m Land of JR Ofunato BRT line (Kesennnuma to Shishiorikarakuwa), in Jul, 2016 to Sep, 2016 was 21,249 JPY/sq.m. The market value represents an increase of 3,444 JPY (+19.3%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 8 (-29.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 234.5 sq.m (a -53.3% decrease compared to the 502.4 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Kesennnuma station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kesennnuma station, where prices have increased +19.3% compared to last year; a sq.m unit now costs 21,249 JPY/sq.m.

The top 1 stations has seen prices increase +19.3% (+3,444 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +19.3% (+3,444 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 56.0 min in 2015 and 48.8 min in 2016; -12.8%)

Breakdown of each segment

The table below shows Land dealt in JR Ofunato BRT 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 21,249 JPY/sq.m. The market value represents an increase of 3,444 JPY (+19.3%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 8 (-29.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kesennnuma, the lowest market value along this railway was 21,249 JPY/sq.m. The market value represents an increase of 3,444 JPY (+19.3%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 8 (-29.6%) compared to 1 year ago and a transition to a dramatic market.).

JR Ofunato BRT line (Stations Land market overview)
JR Ofunato BRT lineThis year(2016)1 year ago2 years ago
Kesennnuma21,249 JPY (0.0Y/234.5sq.m)17,805 JPY (0.0Y/502.4sq.m)17,056 JPY (0.0Y/512.9sq.m)
Shishiorikarakuwa---

*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

Kesennnuma21,249 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Kesennnuma was 21,249 JPY/sq.m. The market value represents an increase of 3,444 JPY (+19.3%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 8 (-29.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 234.5 sq.m (a -53.3% decrease compared to the 502.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 56.0 min in 2015 and 48.8 min in 2016; -12.8%)

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)