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 Jan, 2017 to Dec, 2017 was 17,397 JPY/sq.m. The market value represents a decrease of 2,199 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents a decrease of 93 (-82.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 419.5 sq.m (a -1.3% decrease compared to the 425.2 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.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kesennnuma station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Kesennnuma station, where prices have decreased -11.2% compared to last year; a sq.m unit now costs 17,397 JPY/sq.m.

The top 1 stations has seen prices increase -11.2% (-2,199 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.2% (-2,199 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 46.2 min in 2016 and 62.1 min in 2017; +34.4%)

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 17,397 JPY/sq.m. The market value represents a decrease of 2,199 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents a decrease of 93 (-82.3%) 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 17,397 JPY/sq.m. The market value represents a decrease of 2,199 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents a decrease of 93 (-82.3%) 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(2017)1 year ago2 years ago
Kesennnuma17,397 JPY (0.0Y/419.5sq.m)19,596 JPY (0.0Y/425.2sq.m)20,251 JPY (0.0Y/425.3sq.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

Kesennnuma17,397 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Kesennnuma was 17,397 JPY/sq.m. The market value represents a decrease of 2,199 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents a decrease of 93 (-82.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 419.5 sq.m (a -1.3% decrease compared to the 425.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 46.2 min in 2016 and 62.1 min in 2017; +34.4%)

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)