JR Ōfunato Line Miyagi 2014-FY
Land market report

JR Ōfunato Line railway market report

JR Ōfunato Line Land market overview

The average price of a sq.m Land of JR Ōfunato Line (Kesennnuma to Shishiorikarakuwa), in Jan, 2014 to Dec, 2014 was 21,242 JPY/sq.m. The market value represents an increase of 177 JPY (+0.8%) compared to 1 year ago and a transition to a slight market. 80 properties exchanged hands ( The market value represents a decrease of 82 (-50.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 490.9 sq.m (a +2.6% increase compared to the 478.2 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year.

The top 1 stations has seen prices increase +0.9% (+189 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +0.9% (+189 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.6% of total transactions in 2013 and 1.2% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Ōfunato 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 21,242 JPY/sq.m. The market value represents an increase of 189 JPY (+0.9%) compared to 1 year ago and a transition to a slight market. 80 properties exchanged hands ( The market value represents a decrease of 79 (-49.7%) 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 21,242 JPY/sq.m. The market value represents an increase of 189 JPY (+0.9%) compared to 1 year ago and a transition to a slight market. 80 properties exchanged hands ( The market value represents a decrease of 79 (-49.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Ōfunato Line (Stations Land market overview)
JR Ōfunato LineThis year(2014)1 year ago2 years ago
Kesennnuma21,242 JPY (0.0Y/490.9sq.m)21,053 JPY (0.0Y/483.9sq.m)19,401 JPY (0.0Y/474.1sq.m)
Shishiorikarakuwa-21,664 JPY (0.0Y/180.0sq.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

Kesennnuma21,242 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Land of Kesennnuma was 21,242 JPY/sq.m. The market value represents an increase of 189 JPY (+0.9%) compared to 1 year ago and a transition to a slight market. 80 properties exchanged hands ( The market value represents a decrease of 79 (-49.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 490.9 sq.m (a +1.4% increase compared to the 483.9 sq.m of last year.).


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)