JR Senzan line Miyagi 2014-1Q
Land market report

JR Senzan line railway market report

JR Senzan line Land market overview

The average price of a sq.m Land of JR Senzan line (Sendai to Sakunami), in Jan, 2014 to Mar, 2014 was 79,655 JPY/sq.m. The market value represents an increase of 37,134 JPY (+87.3%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents a decrease of 57 (-62.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 465.1 sq.m (a -2.6% decrease compared to the 477.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

9 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Toushouguu, Touhokufukushidaimae, Rikuzennochiai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sendai station, where prices have increased +179.0% compared to last year; a sq.m unit now costs 122,586 JPY/sq.m.

The top 2 stations has seen prices increase +162.9% (+39,873 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease +16.1% (+5,895 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.9 min in 2013 and 25.2 min in 2014; -50.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.1% of total transactions in 2013 and 2.9% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Senzan 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 Kitasenndai, the highest market value along this railway was 159,643 JPY/sq.m. The market value represents an increase of 90,826 JPY (+132.0%) 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 price of a sq.m Land of Kumagane, the lowest market value along this railway was 1,851 JPY/sq.m. The market value represents an increase of 1,101 JPY (+146.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Senzan line (Stations Land market overview)
JR Senzan lineThis year(2014)1 year ago2 years ago
Sendai122,586 JPY (0.0Y/635.7sq.m)43,941 JPY (0.0Y/504.6sq.m)106,423 JPY (0.0Y/430.8sq.m)
Toushouguu129,729 JPY (0.0Y/185.0sq.m)80,674 JPY (0.0Y/658.0sq.m)48,864 JPY (0.0Y/77.5sq.m)
Kitasenndai159,643 JPY (0.0Y/278.3sq.m)68,818 JPY (0.0Y/652.5sq.m)58,812 JPY (0.0Y/218.9sq.m)
Kitayama53,349 JPY (0.0Y/913.0sq.m)45,828 JPY (0.0Y/330.0sq.m)45,923 JPY (0.0Y/474.0sq.m)
Touhokufukushidaimae98,821 JPY (0.0Y/290.0sq.m)65,079 JPY (0.0Y/269.0sq.m)71,322 JPY (0.0Y/310.0sq.m)
Kunimi69,058 JPY (0.0Y/595.0sq.m)31,433 JPY (0.0Y/885.0sq.m)66,364 JPY (0.0Y/182.5sq.m)
Kuzuoka-41,500 JPY (0.0Y/200.0sq.m)50,000 JPY (0.0Y/340.0sq.m)
Rikuzennochiai37,306 JPY (0.0Y/206.2sq.m)27,830 JPY (0.0Y/302.2sq.m)36,026 JPY (0.0Y/637.5sq.m)
Ayashi31,218 JPY (0.0Y/358.6sq.m)26,948 JPY (0.0Y/456.2sq.m)31,464 JPY (0.0Y/521.4sq.m)
Rikuzennshirasawa---
Kumagane1,851 JPY (0.0Y/270.0sq.m)750 JPY (0.0Y/400.0sq.m)-
Sakunami-9,090 JPY (0.0Y/330.0sq.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

Sendai122,586 JPY/sq.m (+179% compared with the previous year)

The average price of a sq.m Land of Sendai was 122,586 JPY/sq.m. The market value represents an increase of 78,645 JPY (+179.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 29 (-80.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 635.7 sq.m (a +26.0% increase compared to the 504.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 93.4 min in 2013 and 29.1 min in 2014; -68.8%)

Kumagane1,851 JPY/sq.m (+147% compared with the previous year)

The average price of a sq.m Land of Kumagane was 1,851 JPY/sq.m. The market value represents an increase of 1,101 JPY (+146.8%) 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 270.0 sq.m (a -32.5% decrease compared to the 400.0 sq.m of last year.).

Ayashi31,218 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Ayashi was 31,218 JPY/sq.m. The market value represents an increase of 4,270 JPY (+15.8%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 358.6 sq.m (a -21.4% decrease compared to the 456.2 sq.m of last year.).

Kitayama53,349 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Kitayama was 53,349 JPY/sq.m. The market value represents an increase of 7,521 JPY (+16.4%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 6 (-54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 913.0 sq.m (a +176.7% increase compared to the 330.0 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)