JR Senseki Line railway market report

JR Senseki Line Land market overview

The average price of a sq.m Land of JR Senseki Line (Aobadoori to Ishinomaki), in Oct, 2014 to Dec, 2014 was 58,061 JPY/sq.m. The market value represents an increase of 25,297 JPY (+77.2%) compared to 1 year ago and a transition to a dramatic market. 64 properties exchanged hands ( The market value represents a decrease of 144 (-69.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 467.6 sq.m (a +2.9% increase compared to the 454.2 sq.m of last year.).

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

12 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Fukudamachi, Tagajou, Honnshiogama, Higashishiogama, Takagimachi, Hebita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Geba station, where prices have increased +336.6% compared to last year; a sq.m unit now costs 84,615 JPY/sq.m.

The top 2 stations has seen prices increase +239.7% (+78,386 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.7% (-20,371 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 31.3 min in 2013 and 25.4 min in 2014; -18.9%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.0% of total transactions in 2013 and 1.6% of total transactions in 2014)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.2% of total transactions in 2013 and 3.1% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Senseki 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 Sendai, the highest market value along this railway was 155,674 JPY/sq.m. The market value represents an increase of 91,536 JPY (+142.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 6 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Yamoto, the lowest market value along this railway was 13,942 JPY/sq.m. The market value represents a decrease of 3,440 JPY (-19.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Senseki Line (Stations Land market overview)
JR Senseki LineThis year(2014)1 year ago2 years ago
Aobadoori---
Sendai155,674 JPY (0.0Y/343.9sq.m)64,139 JPY (0.0Y/364.3sq.m)63,901 JPY (0.0Y/655.9sq.m)
Tsutsujigaoka-187,838 JPY (0.0Y/202.5sq.m)-
Miyaginohara109,523 JPY (0.0Y/210.0sq.m)103,984 JPY (0.0Y/162.5sq.m)76,986 JPY (0.0Y/339.0sq.m)
Rikuzennharanomachi81,481 JPY (0.0Y/270.0sq.m)86,526 JPY (0.0Y/213.8sq.m)56,842 JPY (0.0Y/165.0sq.m)
Nigatake---
Kodurushinndenn92,857 JPY (0.0Y/280.0sq.m)-66,932 JPY (0.0Y/398.3sq.m)
Fukudamachi56,521 JPY (0.0Y/230.0sq.m)33,165 JPY (0.0Y/464.0sq.m)67,261 JPY (0.0Y/377.0sq.m)
Rikuzenntakasago56,624 JPY (0.0Y/825.0sq.m)57,083 JPY (0.0Y/241.7sq.m)60,161 JPY (0.0Y/653.3sq.m)
Nakanosakae77,464 JPY (0.0Y/710.0sq.m)66,031 JPY (0.0Y/735.0sq.m)62,662 JPY (0.0Y/343.3sq.m)
Tagajou47,600 JPY (0.0Y/528.8sq.m)24,189 JPY (0.0Y/419.5sq.m)33,073 JPY (0.0Y/604.1sq.m)
Geba84,615 JPY (0.0Y/130.0sq.m)19,378 JPY (0.0Y/571.6sq.m)42,264 JPY (0.0Y/318.0sq.m)
Nishishiogama27,562 JPY (0.0Y/225.0sq.m)64,864 JPY (0.0Y/185.0sq.m)43,636 JPY (0.0Y/220.0sq.m)
Honnshiogama35,273 JPY (0.0Y/787.5sq.m)20,501 JPY (0.0Y/403.5sq.m)34,938 JPY (0.0Y/405.8sq.m)
Higashishiogama32,275 JPY (0.0Y/670.0sq.m)23,903 JPY (0.0Y/591.2sq.m)15,197 JPY (0.0Y/941.0sq.m)
Rikuzennhamada---
Matsushimakaigann-2,714 JPY (0.0Y/1400.0sq.m)23,846 JPY (0.0Y/1650.0sq.m)
Takagimachi34,615 JPY (0.0Y/375.0sq.m)26,198 JPY (0.0Y/522.5sq.m)26,013 JPY (0.0Y/561.8sq.m)
Tetaru---
Touna---
Nobiru---
Rikuzennono15,312 JPY (0.0Y/260.0sq.m)18,869 JPY (0.0Y/352.5sq.m)17,653 JPY (0.0Y/384.7sq.m)
Kaduma--4,732 JPY (0.0Y/730.0sq.m)
Yamoto13,942 JPY (0.0Y/506.7sq.m)17,383 JPY (0.0Y/521.7sq.m)17,452 JPY (0.0Y/536.7sq.m)
Higashiyamoto-29,180 JPY (0.0Y/383.3sq.m)39,067 JPY (0.0Y/277.9sq.m)
Rikuzennakai35,576 JPY (0.0Y/1121.2sq.m)36,591 JPY (0.0Y/318.3sq.m)28,668 JPY (0.0Y/306.4sq.m)
N/A---
Hebita35,654 JPY (0.0Y/258.3sq.m)22,438 JPY (0.0Y/643.3sq.m)33,828 JPY (0.0Y/540.6sq.m)
Rikuzennyamashita43,058 JPY (0.0Y/130.0sq.m)41,336 JPY (0.0Y/223.3sq.m)30,396 JPY (0.0Y/270.0sq.m)
Ishinomaki28,904 JPY (0.0Y/318.8sq.m)26,997 JPY (0.0Y/401.5sq.m)38,724 JPY (0.0Y/393.3sq.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

Geba84,615 JPY/sq.m (+337% compared with the previous year)

The average price of a sq.m Land of Geba was 84,615 JPY/sq.m. The market value represents an increase of 65,237 JPY (+336.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 28 (-96.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 130.0 sq.m (a -77.3% decrease compared to the 571.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 52.3 min in 2013 and 3.0 min in 2014; -94.3%)

Sendai155,674 JPY/sq.m (+143% compared with the previous year)

The average price of a sq.m Land of Sendai was 155,674 JPY/sq.m. The market value represents an increase of 91,536 JPY (+142.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 6 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 343.9 sq.m (a -5.6% decrease compared to the 364.3 sq.m of last year.).

Nishishiogama27,562 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of Nishishiogama was 27,562 JPY/sq.m. The market value represents a decrease of 37,302 JPY (-57.5%) 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 225.0 sq.m (a +21.6% increase compared to the 185.0 sq.m of last year.).

Yamoto13,942 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of Yamoto was 13,942 JPY/sq.m. The market value represents a decrease of 3,440 JPY (-19.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 506.7 sq.m (a -2.9% decrease compared to the 521.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2013 and 40.0 min in 2014; +53.8%)

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)