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, 2016 to Mar, 2016 was 60,772 JPY/sq.m. The market value represents a decrease of 45,120 JPY (-42.6%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents an increase of 3 (+8.1%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 372.2 sq.m (a -19.6% decrease compared to the 462.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Toushouguu, Kitasenndai, Rikuzennochiai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rikuzennochiai station, where prices have increased +78.9% compared to last year; a sq.m unit now costs 43,472 JPY/sq.m.

The top 2 stations has seen prices increase +74.7% (+29,114 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -54.9% (-71,620 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 27.6 min in 2015 and 24.4 min in 2016; -11.6%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.2% of total transactions in 2015 and 2.5% of total transactions in 2016)

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 135,026 JPY/sq.m. The market value represents an increase of 53,302 JPY (+65.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ayashi, the lowest market value along this railway was 14,448 JPY/sq.m. The market value represents a decrease of 16,385 JPY (-53.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 8 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Senzan line (Stations Land market overview)
JR Senzan lineThis year(2016)1 year ago2 years ago
Sendai97,300 JPY (0.0Y/1090.0sq.m)224,155 JPY (0.0Y/489.1sq.m)122,586 JPY (0.0Y/635.7sq.m)
Toushouguu94,420 JPY (0.0Y/406.7sq.m)55,357 JPY (0.0Y/1023.3sq.m)129,729 JPY (0.0Y/185.0sq.m)
Kitasenndai135,026 JPY (0.0Y/193.8sq.m)81,723 JPY (0.0Y/325.0sq.m)159,643 JPY (0.0Y/278.3sq.m)
Kitayama48,994 JPY (0.0Y/292.5sq.m)48,529 JPY (0.0Y/484.0sq.m)53,349 JPY (0.0Y/913.0sq.m)
Touhokufukushidaimae67,820 JPY (0.0Y/425.0sq.m)79,292 JPY (0.0Y/177.0sq.m)98,821 JPY (0.0Y/290.0sq.m)
Kunimi-95,454 JPY (0.0Y/220.0sq.m)69,058 JPY (0.0Y/595.0sq.m)
Kuzuoka3,769 JPY (0.0Y/1300.0sq.m)--
Rikuzennochiai43,472 JPY (0.0Y/376.7sq.m)24,306 JPY (0.0Y/500.0sq.m)37,306 JPY (0.0Y/206.2sq.m)
Ayashi14,448 JPY (0.0Y/288.0sq.m)30,833 JPY (0.0Y/250.0sq.m)31,218 JPY (0.0Y/358.6sq.m)
Rikuzennshirasawa---
Kumagane1,714 JPY (0.0Y/350.0sq.m)-1,851 JPY (0.0Y/270.0sq.m)
Sakunami---

*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

Rikuzennochiai43,472 JPY/sq.m (+79% compared with the previous year)

The average price of a sq.m Land of Rikuzennochiai was 43,472 JPY/sq.m. The market value represents an increase of 19,166 JPY (+78.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 376.7 sq.m (a -24.7% decrease compared to the 500.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.0 min in 2015 and 21.9 min in 2016; -43.9%)

Toushouguu94,420 JPY/sq.m (+71% compared with the previous year)

The average price of a sq.m Land of Toushouguu was 94,420 JPY/sq.m. The market value represents an increase of 39,063 JPY (+70.6%) 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 406.7 sq.m (a -60.3% decrease compared to the 1023.3 sq.m of last year.).

Sendai97,300 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Land of Sendai was 97,300 JPY/sq.m. The market value represents a decrease of 126,855 JPY (-56.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 9 (-81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1090.0 sq.m (a +122.9% increase compared to the 489.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.2 min in 2015 and 65.0 min in 2016; +70.2%)

Ayashi14,448 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Ayashi was 14,448 JPY/sq.m. The market value represents a decrease of 16,385 JPY (-53.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 8 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.0 sq.m (a +15.2% increase compared to the 250.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2015 and 36.0 min in 2016; +38.5%)

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)