JR Senzan line Miyagi 2014-2Q
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 Apr, 2014 to Jun, 2014 was 53,057 JPY/sq.m. The market value represents an increase of 2,083 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 31 properties exchanged hands ( The market value represents a decrease of 40 (-56.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 315.0 sq.m (a -31.4% decrease compared to the 459.5 sq.m of last year.).

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

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Rikuzennochiai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Touhokufukushidaimae station, where prices have increased +299.7% compared to last year; a sq.m unit now costs 147,058 JPY/sq.m.

The top 2 stations has seen prices increase +160.1% (+57,260 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -9.7% (-3,582 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 45.4 min in 2013 and 26.0 min in 2014; -42.8%)

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 Touhokufukushidaimae, the highest market value along this railway was 147,058 JPY/sq.m. The market value represents an increase of 110,268 JPY (+299.7%) 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 price of a sq.m Land of Rikuzennochiai, the lowest market value along this railway was 25,006 JPY/sq.m. The market value represents an increase of 4,252 JPY (+20.5%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Senzan line (Stations Land market overview)
JR Senzan lineThis year(2014)1 year ago2 years ago
Sendai81,492 JPY (0.0Y/353.3sq.m)71,488 JPY (0.0Y/476.1sq.m)89,011 JPY (0.0Y/331.9sq.m)
Toushouguu80,349 JPY (0.0Y/172.5sq.m)76,123 JPY (0.0Y/237.5sq.m)78,184 JPY (0.0Y/170.0sq.m)
Kitasenndai41,901 JPY (0.0Y/202.5sq.m)45,657 JPY (0.0Y/285.8sq.m)58,200 JPY (0.0Y/486.4sq.m)
Kitayama40,178 JPY (0.0Y/167.5sq.m)44,599 JPY (0.0Y/441.1sq.m)62,131 JPY (0.0Y/167.8sq.m)
Touhokufukushidaimae147,058 JPY (0.0Y/170.0sq.m)36,790 JPY (0.0Y/170.0sq.m)60,763 JPY (0.0Y/640.0sq.m)
Kunimi140,350 JPY (0.0Y/570.0sq.m)--
Kuzuoka-23,766 JPY (0.0Y/1250.0sq.m)20,833 JPY (0.0Y/240.0sq.m)
Rikuzennochiai25,006 JPY (0.0Y/291.2sq.m)20,753 JPY (0.0Y/247.5sq.m)24,938 JPY (0.0Y/626.7sq.m)
Ayashi25,944 JPY (0.0Y/291.0sq.m)28,687 JPY (0.0Y/623.3sq.m)29,630 JPY (0.0Y/710.0sq.m)
Rikuzennshirasawa-1,111 JPY (0.0Y/990.0sq.m)7,115 JPY (0.0Y/430.0sq.m)
Kumagane---
Sakunami--2,250 JPY (0.0Y/870.0sq.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

Touhokufukushidaimae147,058 JPY/sq.m (+300% compared with the previous year)

The average price of a sq.m Land of Touhokufukushidaimae was 147,058 JPY/sq.m. The market value represents an increase of 110,268 JPY (+299.7%) 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 170.0 sq.m (a +0.0% decrease compared to the 170.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2013 and 11.0 min in 2014; +57.1%)

Rikuzennochiai25,006 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Land of Rikuzennochiai was 25,006 JPY/sq.m. The market value represents an increase of 4,252 JPY (+20.5%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 291.2 sq.m (a +17.7% increase compared to the 247.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 32.0 min in 2013 and 26.2 min in 2014; -18.0%)

Kitayama40,178 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Kitayama was 40,178 JPY/sq.m. The market value represents a decrease of 4,420 JPY (-9.9%) compared to 1 year ago and a transition to a bear 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.).

The average size of the real estate was 167.5 sq.m (a -62.0% decrease compared to the 441.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 29.4 min in 2013 and 24.5 min in 2014; -16.8%)

Ayashi25,944 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Ayashi was 25,944 JPY/sq.m. The market value represents a decrease of 2,743 JPY (-9.6%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 291.0 sq.m (a -53.3% decrease compared to the 623.3 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)