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 Dec, 2014 was 71,872 JPY/sq.m. The market value represents an increase of 22,633 JPY (+46.0%) compared to 1 year ago and a transition to a dramatic market. 159 properties exchanged hands ( The market value represents a decrease of 161 (-50.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.1 sq.m (a -7.2% decrease compared to the 419.3 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.

10 stations have experienced increased prices; 1 stations have experienced decreased prices. The upward trend stations greatly exceeded the downward trend stations. Kitasenndai, Touhokufukushidaimae, Kunimi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kumagane station, where prices have increased +425.0% compared to last year; a sq.m unit now costs 3,938 JPY/sq.m.

The top 2 stations has seen prices increase +350.0% (+5,482 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -15.9% (-824 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.3 min in 2013 and 28.2 min in 2014; -31.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.8% of total transactions in 2013 and 4.4% 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 Sendai, the highest market value along this railway was 143,631 JPY/sq.m. The market value represents an increase of 77,892 JPY (+118.5%) compared to 1 year ago and a transition to a dramatic market. 32 properties exchanged hands ( The market value represents a decrease of 69 (-68.3%) 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 3,938 JPY/sq.m. The market value represents an increase of 3,188 JPY (+425.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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
Sendai143,631 JPY (0.0Y/431.6sq.m)65,739 JPY (0.0Y/441.2sq.m)91,272 JPY (0.0Y/482.4sq.m)
Toushouguu80,337 JPY (0.0Y/263.1sq.m)75,025 JPY (0.0Y/314.8sq.m)68,690 JPY (0.0Y/262.2sq.m)
Kitasenndai75,080 JPY (0.0Y/296.8sq.m)56,943 JPY (0.0Y/345.0sq.m)62,517 JPY (0.0Y/340.2sq.m)
Kitayama52,530 JPY (0.0Y/564.7sq.m)46,881 JPY (0.0Y/330.3sq.m)50,907 JPY (0.0Y/297.1sq.m)
Touhokufukushidaimae97,293 JPY (0.0Y/230.0sq.m)55,979 JPY (0.0Y/412.4sq.m)59,108 JPY (0.0Y/446.4sq.m)
Kunimi64,541 JPY (0.0Y/388.9sq.m)34,897 JPY (0.0Y/750.0sq.m)64,062 JPY (0.0Y/245.0sq.m)
Kuzuoka-21,750 JPY (0.0Y/535.0sq.m)29,086 JPY (0.0Y/326.7sq.m)
Rikuzennochiai33,631 JPY (0.0Y/313.8sq.m)29,691 JPY (0.0Y/387.7sq.m)25,104 JPY (0.0Y/438.9sq.m)
Ayashi33,341 JPY (0.0Y/406.7sq.m)31,588 JPY (0.0Y/451.8sq.m)30,322 JPY (0.0Y/535.0sq.m)
Rikuzennshirasawa10,606 JPY (0.0Y/941.7sq.m)2,828 JPY (0.0Y/660.0sq.m)7,115 JPY (0.0Y/430.0sq.m)
Kumagane3,938 JPY (0.0Y/550.0sq.m)750 JPY (0.0Y/400.0sq.m)3,571 JPY (0.0Y/280.0sq.m)
Sakunami5,689 JPY (0.0Y/580.0sq.m)9,090 JPY (0.0Y/330.0sq.m)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

Kumagane3,938 JPY/sq.m (+425% compared with the previous year)

The average price of a sq.m Land of Kumagane was 3,938 JPY/sq.m. The market value represents an increase of 3,188 JPY (+425.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 550.0 sq.m (a +37.5% increase compared to the 400.0 sq.m of last year.).

Rikuzennshirasawa10,606 JPY/sq.m (+275% compared with the previous year)

The average price of a sq.m Land of Rikuzennshirasawa was 10,606 JPY/sq.m. The market value represents an increase of 7,778 JPY (+275.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 941.7 sq.m (a +42.7% increase compared to the 660.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2013 and 44.3 min in 2014; +47.8%)

Sakunami5,689 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Sakunami was 5,689 JPY/sq.m. The market value represents a decrease of 3,401 JPY (-37.4%) 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 580.0 sq.m (a +75.8% increase compared to the 330.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2013 and 30.0 min in 2014; -50.0%)

Ayashi33,341 JPY/sq.m (+6% compared with the previous year)

The average price of a sq.m Land of Ayashi was 33,341 JPY/sq.m. The market value represents an increase of 1,753 JPY (+5.5%) compared to 1 year ago and a transition to a strong market. 33 properties exchanged hands ( The market value represents a decrease of 26 (-44.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 406.7 sq.m (a -10.0% decrease compared to the 451.8 sq.m of last year.).

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 3.4% of total transactions in 2013 and 6.1% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 26.3 min in 2013 and 29.0 min in 2014; +10.6%)

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)