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 Apr, 2016 to Jun, 2016 was 41,491 JPY/sq.m. The market value represents a decrease of 25,069 JPY (-37.7%) compared to 1 year ago and a transition to a dramatic market. 78 properties exchanged hands ( The market value represents an increase of 14 (+21.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 596.8 sq.m (a +49.2% increase compared to the 399.9 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.

5 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Tagajou, Honnshiogama, Higashishiogama, Rikuzennyamashita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Honnshiogama station, where prices have increased +41.2% compared to last year; a sq.m unit now costs 47,727 JPY/sq.m.

The top 2 stations has seen prices increase +39.2% (+12,416 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -78.0% (-73,187 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 29.1 min in 2015 and 24.8 min in 2016; -15.0%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2015 and 5.1% 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

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Land stations market overview

The average price of a sq.m Land of Nakanosakae, the highest market value along this railway was 78,220 JPY/sq.m. The market value represents a decrease of 25,780 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sendai, the lowest market value along this railway was 5,438 JPY/sq.m. The market value represents a decrease of 104,863 JPY (-95.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

JR Senseki Line (Stations Land market overview)
JR Senseki LineThis year(2016)1 year ago2 years ago
Aobadoori-615,384 JPY (0.0Y/520.0sq.m)-
Sendai5,438 JPY (0.0Y/475.0sq.m)110,300 JPY (0.0Y/233.6sq.m)81,492 JPY (0.0Y/353.3sq.m)
Tsutsujigaoka-313,513 JPY (0.0Y/185.0sq.m)111,401 JPY (0.0Y/375.0sq.m)
Miyaginohara-125,000 JPY (0.0Y/200.0sq.m)-
Rikuzennharanomachi163,011 JPY (0.0Y/386.7sq.m)--
Nigatake108,695 JPY (0.0Y/230.0sq.m)--
Kodurushinndenn---
Fukudamachi-46,969 JPY (0.0Y/330.0sq.m)40,666 JPY (0.0Y/150.0sq.m)
Rikuzenntakasago48,925 JPY (0.0Y/325.0sq.m)93,646 JPY (0.0Y/1096.0sq.m)68,860 JPY (0.0Y/322.5sq.m)
Nakanosakae78,220 JPY (0.0Y/1142.5sq.m)104,000 JPY (0.0Y/250.0sq.m)84,571 JPY (0.0Y/300.0sq.m)
Tagajou55,702 JPY (0.0Y/570.7sq.m)42,286 JPY (0.0Y/1030.0sq.m)60,388 JPY (0.0Y/336.7sq.m)
Geba22,308 JPY (0.0Y/290.6sq.m)35,427 JPY (0.0Y/250.8sq.m)28,436 JPY (0.0Y/266.2sq.m)
Nishishiogama--72,727 JPY (0.0Y/165.0sq.m)
Honnshiogama47,727 JPY (0.0Y/210.0sq.m)33,793 JPY (0.0Y/658.8sq.m)36,382 JPY (0.0Y/302.5sq.m)
Higashishiogama40,279 JPY (0.0Y/776.7sq.m)29,380 JPY (0.0Y/270.0sq.m)16,060 JPY (0.0Y/535.0sq.m)
Rikuzennhamada--21,250 JPY (0.0Y/240.0sq.m)
Matsushimakaigann33,636 JPY (0.0Y/110.0sq.m)--
Takagimachi25,000 JPY (0.0Y/220.0sq.m)39,634 JPY (0.0Y/325.0sq.m)13,181 JPY (0.0Y/220.0sq.m)
Tetaru---
Touna12,972 JPY (0.0Y/370.0sq.m)--
Nobiru---
Rikuzennono23,870 JPY (0.0Y/310.0sq.m)23,333 JPY (0.0Y/210.0sq.m)-
Kaduma--6,153 JPY (0.0Y/130.0sq.m)
Yamoto18,181 JPY (0.0Y/440.0sq.m)-26,459 JPY (0.0Y/205.0sq.m)
Higashiyamoto-18,022 JPY (0.0Y/231.7sq.m)18,095 JPY (0.0Y/210.0sq.m)
Rikuzennakai40,605 JPY (0.0Y/1563.8sq.m)44,545 JPY (0.0Y/220.0sq.m)23,728 JPY (0.0Y/590.0sq.m)
N/A26,277 JPY (0.0Y/758.0sq.m)--
Hebita26,670 JPY (0.0Y/218.3sq.m)68,181 JPY (0.0Y/440.0sq.m)38,837 JPY (0.0Y/226.7sq.m)
Rikuzennyamashita36,944 JPY (0.0Y/301.7sq.m)29,166 JPY (0.0Y/240.0sq.m)38,714 JPY (0.0Y/255.0sq.m)
Ishinomaki28,333 JPY (0.0Y/350.5sq.m)47,257 JPY (0.0Y/244.6sq.m)43,278 JPY (0.0Y/183.6sq.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

Honnshiogama47,727 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Honnshiogama was 47,727 JPY/sq.m. The market value represents an increase of 13,934 JPY (+41.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -68.1% decrease compared to the 658.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.5 min in 2015 and 15.7 min in 2016; +108.9%)

Higashishiogama40,279 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Higashishiogama was 40,279 JPY/sq.m. The market value represents an increase of 10,899 JPY (+37.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 776.7 sq.m (a +187.7% increase compared to the 270.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.8 min in 2015 and 19.2 min in 2016; +78.3%)

Sendai5,438 JPY/sq.m (-95% compared with the previous year)

The average price of a sq.m Land of Sendai was 5,438 JPY/sq.m. The market value represents a decrease of 104,863 JPY (-95.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 475.0 sq.m (a +103.4% increase compared to the 233.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 76.1 min in 2015 and 120.0 min in 2016; +57.6%)

Hebita26,670 JPY/sq.m (-61% compared with the previous year)

The average price of a sq.m Land of Hebita was 26,670 JPY/sq.m. The market value represents a decrease of 41,511 JPY (-60.9%) 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 218.3 sq.m (a -50.4% decrease compared to the 440.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2015 and 26.3 min in 2016; +31.7%)

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)