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, 2017 to Dec, 2017 was 57,780 JPY/sq.m. The market value represents a decrease of 4,306 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 61 properties exchanged hands ( The market value represents a decrease of 21 (-25.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 393.0 sq.m (a -3.4% decrease compared to the 406.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

6 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Rikuzenntakasago station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rikuzenntakasago station, where prices have increased +69.9% compared to last year; a sq.m unit now costs 60,691 JPY/sq.m.

The top 2 stations has seen prices increase +42.0% (+15,103 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -80.5% (-167,220 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 3.7% of total transactions in 2016 and 11.5% of total transactions in 2017)

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 Fukudamachi, the highest market value along this railway was 81,919 JPY/sq.m. The market value represents an increase of 7,426 JPY (+10.0%) compared to 1 year ago and a transition to a strong 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 price of a sq.m Land of Rikuzennakai, the lowest market value along this railway was 9,060 JPY/sq.m. The market value represents a decrease of 13,012 JPY (-59.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

JR Senseki Line (Stations Land market overview)
JR Senseki LineThis year(2017)1 year ago2 years ago
Aobadoori---
Sendai28,125 JPY (0.0Y/320.0sq.m)313,399 JPY (0.0Y/220.0sq.m)183,333 JPY (0.0Y/808.3sq.m)
Tsutsujigaoka280,625 JPY (0.0Y/222.5sq.m)--
Miyaginohara--140,294 JPY (0.0Y/175.0sq.m)
Rikuzennharanomachi48,205 JPY (0.0Y/445.0sq.m)138,235 JPY (0.0Y/170.0sq.m)123,404 JPY (0.0Y/470.0sq.m)
Nigatake119,565 JPY (0.0Y/920.0sq.m)-97,426 JPY (0.0Y/890.0sq.m)
Kodurushinndenn-31,111 JPY (0.0Y/45.0sq.m)-
Fukudamachi81,919 JPY (0.0Y/148.3sq.m)74,493 JPY (0.0Y/177.5sq.m)41,515 JPY (0.0Y/265.0sq.m)
Rikuzenntakasago60,691 JPY (0.0Y/210.0sq.m)35,716 JPY (0.0Y/648.3sq.m)12,000 JPY (0.0Y/1300.0sq.m)
Nakanosakae-91,807 JPY (0.0Y/305.6sq.m)62,500 JPY (0.0Y/1800.0sq.m)
Tagajou62,451 JPY (0.0Y/800.0sq.m)54,894 JPY (0.0Y/625.0sq.m)59,724 JPY (0.0Y/350.0sq.m)
Geba21,024 JPY (0.0Y/367.5sq.m)70,190 JPY (0.0Y/563.0sq.m)44,545 JPY (0.0Y/220.0sq.m)
Nishishiogama---
Honnshiogama29,300 JPY (0.0Y/370.0sq.m)47,426 JPY (0.0Y/527.0sq.m)39,781 JPY (0.0Y/323.3sq.m)
Higashishiogama29,125 JPY (0.0Y/248.3sq.m)30,564 JPY (0.0Y/326.7sq.m)33,571 JPY (0.0Y/140.0sq.m)
Rikuzennhamada-10,294 JPY (0.0Y/962.5sq.m)-
Matsushimakaigann11,081 JPY (0.0Y/326.7sq.m)-37,142 JPY (0.0Y/350.0sq.m)
Takagimachi31,481 JPY (0.0Y/270.0sq.m)29,746 JPY (0.0Y/255.0sq.m)36,956 JPY (0.0Y/920.0sq.m)
Tetaru---
Touna---
Nobiru---
Rikuzennono---
Kaduma---
Yamoto-21,467 JPY (0.0Y/736.7sq.m)-
Higashiyamoto24,761 JPY (0.0Y/105.0sq.m)22,878 JPY (0.0Y/450.0sq.m)30,434 JPY (0.0Y/230.0sq.m)
Rikuzennakai9,060 JPY (0.0Y/490.0sq.m)22,073 JPY (0.0Y/638.3sq.m)468 JPY (0.0Y/1160.0sq.m)
N/A30,666 JPY (0.0Y/621.2sq.m)46,990 JPY (0.0Y/210.0sq.m)-
Hebita36,636 JPY (0.0Y/425.0sq.m)39,221 JPY (0.0Y/362.0sq.m)34,099 JPY (0.0Y/603.3sq.m)
Rikuzennyamashita34,596 JPY (0.0Y/230.0sq.m)56,592 JPY (0.0Y/270.0sq.m)21,999 JPY (0.0Y/535.0sq.m)
Ishinomaki42,366 JPY (0.0Y/199.2sq.m)37,134 JPY (0.0Y/292.7sq.m)28,169 JPY (0.0Y/205.0sq.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

Rikuzenntakasago60,691 JPY/sq.m (+70% compared with the previous year)

The average price of a sq.m Land of Rikuzenntakasago was 60,691 JPY/sq.m. The market value represents an increase of 24,975 JPY (+69.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 210.0 sq.m (a -67.6% decrease compared to the 648.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.7 min in 2016 and 21.3 min in 2017; -22.9%)

Ishinomaki42,366 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Ishinomaki was 42,366 JPY/sq.m. The market value represents an increase of 5,232 JPY (+14.1%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents a decrease of 2 (-13.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 199.2 sq.m (a -31.9% decrease compared to the 292.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.6 min in 2016 and 12.8 min in 2017; -30.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2016 and 23.1% of total transactions in 2017)

Sendai28,125 JPY/sq.m (-91% compared with the previous year)

The average price of a sq.m Land of Sendai was 28,125 JPY/sq.m. The market value represents a decrease of 285,274 JPY (-91.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.0 sq.m (a +45.5% increase compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2016 and 60.0 min in 2017; +471.4%)

Geba21,024 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Land of Geba was 21,024 JPY/sq.m. The market value represents a decrease of 49,166 JPY (-70.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 367.5 sq.m (a -34.7% decrease compared to the 563.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.8 min in 2016 and 41.2 min in 2017; +198.9%)

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)