JR Rikuu East Line railway market report

JR Rikuu East Line Land market overview

The average price of a sq.m Land of JR Rikuu East Line (Kogota to Nakayamadairaonnsenn), in Jan, 2015 to Dec, 2015 was 17,102 JPY/sq.m. The market value represents an increase of 1,420 JPY (+9.1%) compared to 1 year ago and a transition to a strong market. 112 properties exchanged hands ( The market value represents an increase of 16 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 615.0 sq.m (a +11.2% increase compared to the 553.3 sq.m of last year.).

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

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Tsukanome station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Narukoonnsenn station, where prices have increased +1016.9% compared to last year; a sq.m unit now costs 24,516 JPY/sq.m.

The top 2 stations has seen prices increase +704.9% (+15,090 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -70.6% (-4,864 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.2% of total transactions in 2014 and 6.2% of total transactions in 2015)

Causes of price decreases

  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.0% of total transactions in 2014 and 0.9% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in JR Rikuu East 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 Narukoonnsenn, the highest market value along this railway was 24,516 JPY/sq.m. The market value represents an increase of 22,321 JPY (+1016.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Yuubikann, the lowest market value along this railway was 1,515 JPY/sq.m. The market value represents a decrease of 5,536 JPY (-78.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Rikuu East Line (Stations Land market overview)
JR Rikuu East LineThis year(2015)1 year ago2 years ago
Kogota17,376 JPY (0.0Y/337.8sq.m)15,477 JPY (0.0Y/560.0sq.m)19,853 JPY (0.0Y/333.3sq.m)
Kitaura9,859 JPY (0.0Y/373.3sq.m)2,000 JPY (0.0Y/200.0sq.m)3,000 JPY (0.0Y/1700.0sq.m)
Rikuzennyachi---
Furukawa20,547 JPY (0.0Y/710.1sq.m)20,642 JPY (0.0Y/574.8sq.m)24,585 JPY (0.0Y/513.8sq.m)
Tsukanome21,958 JPY (0.0Y/569.4sq.m)17,815 JPY (0.0Y/282.1sq.m)24,210 JPY (0.0Y/454.4sq.m)
Nishifurukawa5,572 JPY (0.0Y/600.7sq.m)12,102 JPY (0.0Y/532.4sq.m)12,019 JPY (0.0Y/813.1sq.m)
Higashioosaki1,666 JPY (0.0Y/900.0sq.m)-13,043 JPY (0.0Y/920.0sq.m)
Nishioosaki--1,504 JPY (0.0Y/1090.0sq.m)
Iwadeyama17,291 JPY (0.0Y/270.0sq.m)-9,764 JPY (0.0Y/347.5sq.m)
Yuubikann1,515 JPY (0.0Y/990.0sq.m)7,051 JPY (0.0Y/713.3sq.m)14,875 JPY (0.0Y/448.3sq.m)
Kaminome-1,668 JPY (0.0Y/1126.7sq.m)6,530 JPY (0.0Y/530.0sq.m)
Ikeduki--7,888 JPY (0.0Y/147.5sq.m)
Kawatabionnsenn-875 JPY (0.0Y/770.0sq.m)-
Narukogotennyu3,584 JPY (0.0Y/530.0sq.m)3,076 JPY (0.0Y/130.0sq.m)9,803 JPY (0.0Y/510.0sq.m)
Narukoonnsenn24,516 JPY (0.0Y/155.0sq.m)2,195 JPY (0.0Y/410.0sq.m)14,782 JPY (0.0Y/1057.5sq.m)
Nakayamadairaonnsenn2,500 JPY (0.0Y/400.0sq.m)6,692 JPY (0.0Y/130.0sq.m)3,313 JPY (0.0Y/759.0sq.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

Narukoonnsenn24,516 JPY/sq.m (+1017% compared with the previous year)

The average price of a sq.m Land of Narukoonnsenn was 24,516 JPY/sq.m. The market value represents an increase of 22,321 JPY (+1016.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 155.0 sq.m (a -62.2% decrease compared to the 410.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 4.0 min in 2015; -86.7%)

Kitaura9,859 JPY/sq.m (+393% compared with the previous year)

The average price of a sq.m Land of Kitaura was 9,859 JPY/sq.m. The market value represents an increase of 7,859 JPY (+392.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 373.3 sq.m (a +86.7% increase compared to the 200.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2014 and 33.3 min in 2015; +733.3%)

Yuubikann1,515 JPY/sq.m (-79% compared with the previous year)

The average price of a sq.m Land of Yuubikann was 1,515 JPY/sq.m. The market value represents a decrease of 5,536 JPY (-78.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 990.0 sq.m (a +38.8% increase compared to the 713.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.7 min in 2014 and 14.0 min in 2015; +44.8%)

Nakayamadairaonnsenn2,500 JPY/sq.m (-63% compared with the previous year)

The average price of a sq.m Land of Nakayamadairaonnsenn was 2,500 JPY/sq.m. The market value represents a decrease of 4,192 JPY (-62.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 400.0 sq.m (a +207.7% increase compared to the 130.0 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)