JR Ōfunato Line Miyagi 2016-1Q
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, 2016 to Mar, 2016 was 19,847 JPY/sq.m. The market value represents a decrease of 2,626 JPY (-11.7%) compared to 1 year ago and a transition to a weak market. 37 properties exchanged hands ( The market value represents an increase of 12 (+48.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 438.2 sq.m (a +20.3% increase compared to the 364.4 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.

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 -14.5% compared to last year; a sq.m unit now costs 19,847 JPY/sq.m.

The top 1 stations has seen prices increase -14.5% (-3,354 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.5% (-3,354 JPY/sq.m).


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 19,847 JPY/sq.m. The market value represents a decrease of 3,354 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 37 properties exchanged hands ( The market value represents an increase of 13 (+54.2%) 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 19,847 JPY/sq.m. The market value represents a decrease of 3,354 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 37 properties exchanged hands ( The market value represents an increase of 13 (+54.2%) compared to 1 year ago and a transition to a dramatic market.).

JR Ōfunato Line (Stations Land market overview)
JR Ōfunato LineThis year(2016)1 year ago2 years ago
Kesennnuma19,847 JPY (0.0Y/438.2sq.m)23,201 JPY (0.0Y/337.9sq.m)21,266 JPY (0.0Y/458.8sq.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

Kesennnuma19,847 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Kesennnuma was 19,847 JPY/sq.m. The market value represents a decrease of 3,354 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 37 properties exchanged hands ( The market value represents an increase of 13 (+54.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 438.2 sq.m (a +29.7% increase compared to the 337.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 44.5 min in 2015 and 39.4 min in 2016; -11.4%)

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)