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, 2015 to Dec, 2015 was 71,850 JPY/sq.m. The market value represents a decrease of 21 JPY (-0.0%) compared to 1 year ago and a transition to a slight market. 143 properties exchanged hands ( The market value represents a decrease of 16 (-10.1%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 341.7 sq.m (a -12.2% decrease compared to the 389.1 sq.m of last year.).

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

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Sakunami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sakunami station, where prices have increased +34.1% compared to last year; a sq.m unit now costs 7,631 JPY/sq.m.

The top 2 stations has seen prices increase +26.8% (+14,949 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.6% (-16,337 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 4.4% of total transactions in 2014 and 9.8% of total transactions in 2015)

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 171,587 JPY/sq.m. The market value represents an increase of 27,956 JPY (+19.5%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents a decrease of 4 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Rikuzennshirasawa, the lowest market value along this railway was 3,521 JPY/sq.m. The market value represents a decrease of 7,085 JPY (-66.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+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(2015)1 year ago2 years ago
Sendai171,587 JPY (0.0Y/392.0sq.m)143,631 JPY (0.0Y/431.6sq.m)65,739 JPY (0.0Y/441.2sq.m)
Toushouguu76,242 JPY (0.0Y/364.6sq.m)80,337 JPY (0.0Y/263.1sq.m)75,025 JPY (0.0Y/314.8sq.m)
Kitasenndai72,632 JPY (0.0Y/270.6sq.m)75,080 JPY (0.0Y/296.8sq.m)56,943 JPY (0.0Y/345.0sq.m)
Kitayama57,139 JPY (0.0Y/344.1sq.m)52,530 JPY (0.0Y/564.7sq.m)46,881 JPY (0.0Y/330.3sq.m)
Touhokufukushidaimae71,705 JPY (0.0Y/196.7sq.m)97,293 JPY (0.0Y/230.0sq.m)55,979 JPY (0.0Y/412.4sq.m)
Kunimi57,298 JPY (0.0Y/276.4sq.m)64,541 JPY (0.0Y/388.9sq.m)34,897 JPY (0.0Y/750.0sq.m)
Kuzuoka--21,750 JPY (0.0Y/535.0sq.m)
Rikuzennochiai27,276 JPY (0.0Y/395.6sq.m)33,631 JPY (0.0Y/313.8sq.m)29,691 JPY (0.0Y/387.7sq.m)
Ayashi34,540 JPY (0.0Y/270.4sq.m)33,341 JPY (0.0Y/406.7sq.m)31,588 JPY (0.0Y/451.8sq.m)
Rikuzennshirasawa3,521 JPY (0.0Y/700.0sq.m)10,606 JPY (0.0Y/941.7sq.m)2,828 JPY (0.0Y/660.0sq.m)
Kumagane-3,938 JPY (0.0Y/550.0sq.m)750 JPY (0.0Y/400.0sq.m)
Sakunami7,631 JPY (0.0Y/380.0sq.m)5,689 JPY (0.0Y/580.0sq.m)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

Sakunami7,631 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Sakunami was 7,631 JPY/sq.m. The market value represents an increase of 1,942 JPY (+34.1%) 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 380.0 sq.m (a -34.5% decrease compared to the 580.0 sq.m of last year.).

Sendai171,587 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Sendai was 171,587 JPY/sq.m. The market value represents an increase of 27,956 JPY (+19.5%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents a decrease of 4 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 392.0 sq.m (a -9.2% decrease compared to the 431.6 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.1% of total transactions in 2014 and 3.6% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 45.0 min in 2014 and 51.9 min in 2015; +15.5%)

Rikuzennshirasawa3,521 JPY/sq.m (-67% compared with the previous year)

The average price of a sq.m Land of Rikuzennshirasawa was 3,521 JPY/sq.m. The market value represents a decrease of 7,085 JPY (-66.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 700.0 sq.m (a -25.7% decrease compared to the 941.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 44.3 min in 2014 and 37.8 min in 2015; -14.8%)

Touhokufukushidaimae71,705 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Touhokufukushidaimae was 71,705 JPY/sq.m. The market value represents a decrease of 25,589 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 196.7 sq.m (a -14.5% decrease compared to the 230.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.4 min in 2014 and 9.3 min in 2015; -39.3%)

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)