JR Senseki Line Miyagi 2016-1Q
Land market report

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 Jan, 2016 to Mar, 2016 was 49,888 JPY/sq.m. The market value represents a decrease of 29,298 JPY (-37.0%) compared to 1 year ago and a transition to a dramatic market. 51 properties exchanged hands ( The market value represents a decrease of 15 (-22.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 523.2 sq.m (a -4.6% decrease compared to the 548.6 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.

5 stations have experienced increased prices; 10 stations have experienced decreased prices. Market value of most stations decreased. Fukudamachi, Tagajou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hebita station, where prices have increased +220.1% compared to last year; a sq.m unit now costs 52,232 JPY/sq.m.

The top 2 stations has seen prices increase +157.3% (+41,430 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -78.9% (-30,464 JPY/sq.m).

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 12.1% of total transactions in 2015 and 5.9% of total transactions in 2016)

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

Top

Land stations market overview

The average price of a sq.m Land of Sendai, the highest market value along this railway was 97,300 JPY/sq.m. The market value represents a decrease of 126,855 JPY (-56.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 9 (-81.8%) 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 704 JPY/sq.m. The market value represents a decrease of 37,227 JPY (-98.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Senseki Line (Stations Land market overview)
JR Senseki LineThis year(2016)1 year ago2 years ago
Aobadoori---
Sendai97,300 JPY (0.0Y/1090.0sq.m)224,155 JPY (0.0Y/489.1sq.m)122,586 JPY (0.0Y/635.7sq.m)
Tsutsujigaoka125,000 JPY (0.0Y/80.0sq.m)-240,000 JPY (0.0Y/75.0sq.m)
Miyaginohara69,593 JPY (0.0Y/265.0sq.m)146,545 JPY (0.0Y/685.0sq.m)117,647 JPY (0.0Y/85.0sq.m)
Rikuzennharanomachi34,615 JPY (0.0Y/130.0sq.m)85,454 JPY (0.0Y/625.0sq.m)-
Nigatake---
Kodurushinndenn70,833 JPY (0.0Y/480.0sq.m)-59,259 JPY (0.0Y/135.0sq.m)
Fukudamachi96,618 JPY (0.0Y/270.0sq.m)49,672 JPY (0.0Y/370.0sq.m)97,000 JPY (0.0Y/100.0sq.m)
Rikuzenntakasago75,993 JPY (0.0Y/696.7sq.m)95,454 JPY (0.0Y/1092.5sq.m)80,000 JPY (0.0Y/1750.0sq.m)
Nakanosakae-44,674 JPY (0.0Y/717.5sq.m)63,859 JPY (0.0Y/501.7sq.m)
Tagajou63,595 JPY (0.0Y/796.7sq.m)38,152 JPY (0.0Y/769.2sq.m)29,388 JPY (0.0Y/641.8sq.m)
Geba31,970 JPY (0.0Y/575.0sq.m)34,000 JPY (0.0Y/125.0sq.m)28,126 JPY (0.0Y/419.6sq.m)
Nishishiogama---
Honnshiogama39,704 JPY (0.0Y/235.0sq.m)37,553 JPY (0.0Y/716.2sq.m)27,055 JPY (0.0Y/212.5sq.m)
Higashishiogama-8,368 JPY (0.0Y/482.5sq.m)40,128 JPY (0.0Y/376.0sq.m)
Rikuzennhamada12,250 JPY (0.0Y/80.0sq.m)--
Matsushimakaigann--2,292 JPY (0.0Y/202.5sq.m)
Takagimachi19,364 JPY (0.0Y/250.0sq.m)23,684 JPY (0.0Y/380.0sq.m)26,565 JPY (0.0Y/190.0sq.m)
Tetaru---
Touna-9,523 JPY (0.0Y/210.0sq.m)-
Nobiru-3,300 JPY (0.0Y/1000.0sq.m)-
Rikuzennono10,555 JPY (0.0Y/180.0sq.m)22,500 JPY (0.0Y/240.0sq.m)27,462 JPY (0.0Y/285.0sq.m)
Kaduma---
Yamoto704 JPY (0.0Y/610.0sq.m)37,931 JPY (0.0Y/290.0sq.m)10,506 JPY (0.0Y/463.3sq.m)
Higashiyamoto16,060 JPY (0.0Y/330.0sq.m)39,762 JPY (0.0Y/255.0sq.m)21,921 JPY (0.0Y/945.0sq.m)
Rikuzennakai11,666 JPY (0.0Y/420.0sq.m)16,780 JPY (0.0Y/560.0sq.m)8,515 JPY (0.0Y/803.3sq.m)
N/A---
Hebita52,232 JPY (0.0Y/248.0sq.m)16,318 JPY (0.0Y/251.0sq.m)23,713 JPY (0.0Y/541.4sq.m)
Rikuzennyamashita35,714 JPY (0.0Y/420.0sq.m)-48,717 JPY (0.0Y/390.0sq.m)
Ishinomaki40,328 JPY (0.0Y/472.1sq.m)38,348 JPY (0.0Y/275.0sq.m)27,739 JPY (0.0Y/278.1sq.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.

Top

Noteworthy stations

Hebita52,232 JPY/sq.m (+220% compared with the previous year)

The average price of a sq.m Land of Hebita was 52,232 JPY/sq.m. The market value represents an increase of 35,914 JPY (+220.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 248.0 sq.m (a -1.2% decrease compared to the 251.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2015 and 20.2 min in 2016; -22.3%)

Fukudamachi96,618 JPY/sq.m (+95% compared with the previous year)

The average price of a sq.m Land of Fukudamachi was 96,618 JPY/sq.m. The market value represents an increase of 46,945 JPY (+94.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 270.0 sq.m (a -27.0% decrease compared to the 370.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.5 min in 2015 and 13.5 min in 2016; -49.1%)

Yamoto704 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Land of Yamoto was 704 JPY/sq.m. The market value represents a decrease of 37,227 JPY (-98.1%) 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 610.0 sq.m (a +110.3% increase compared to the 290.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2015 and 60.0 min in 2016; +900.0%)

Higashiyamoto16,060 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Land of Higashiyamoto was 16,060 JPY/sq.m. The market value represents a decrease of 23,702 JPY (-59.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 330.0 sq.m (a +29.4% increase compared to the 255.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.5 min in 2015 and 18.0 min in 2016; +33.3%)

Breakdown of each segment

Station:   Segment:

Top

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)