JR Rifu Line Miyagi 2016-FY
Land market report

JR Rifu Line railway market report

JR Rifu Line Land market overview

The average price of a sq.m Land of JR Rifu Line (Iwakiri to Rifu), in Jan, 2016 to Dec, 2016 was 51,424 JPY/sq.m. The market value represents a decrease of 5,415 JPY (-9.5%) compared to 1 year ago and a transition to a bear market. 19 properties exchanged hands ( The market value represents a decrease of 1 (-5.0%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 597.4 sq.m (a +30.6% increase compared to the 457.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Iwakiri station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Rifu station, where prices have decreased -15.6% compared to last year; a sq.m unit now costs 45,025 JPY/sq.m.

The top 1 stations has seen prices increase -0.4% (-257 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -15.6% (-8,339 JPY/sq.m).


Breakdown of each segment

The table below shows Land dealt in JR Rifu 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 Iwakiri, the highest market value along this railway was 57,822 JPY/sq.m. The market value represents a decrease of 257 JPY (-0.4%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 4 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Rifu, the lowest market value along this railway was 45,025 JPY/sq.m. The market value represents a decrease of 8,339 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 3 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Rifu Line (Stations Land market overview)
JR Rifu LineThis year(2016)1 year ago2 years ago
Iwakiri57,822 JPY (0.0Y/719.0sq.m)58,080 JPY (0.0Y/385.7sq.m)43,095 JPY (0.0Y/585.0sq.m)
Shinnrifu--30,000 JPY (0.0Y/1900.0sq.m)
Rifu45,025 JPY (0.0Y/462.2sq.m)53,364 JPY (0.0Y/625.0sq.m)51,845 JPY (0.0Y/573.2sq.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

Iwakiri57,822 JPY/sq.m (-0% compared with the previous year)

The average price of a sq.m Land of Iwakiri was 57,822 JPY/sq.m. The market value represents a decrease of 257 JPY (-0.4%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 4 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 719.0 sq.m (a +86.4% increase compared to the 385.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 18.5 min in 2015 and 16.6 min in 2016; -10.3%)

Rifu45,025 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Rifu was 45,025 JPY/sq.m. The market value represents a decrease of 8,339 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 3 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 462.2 sq.m (a -26.0% decrease compared to the 625.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 26.5 min in 2015 and 29.4 min in 2016; +11.1%)

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)