JR Senzan line railway market report

JR Senzan line Land market overview

The average price of JR Senzan line (Sendai to Okunikkawa) Land, in Apr, 2016 to Jun, 2016 was 60,883 JPY/sq.m. The market value represents an increase of 6,328 JPY (+11.6%) compared to 1 year ago and a transition to a bull market. 53 properties exchanged hands ( The market value represents a decrease of 14 (-20.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 282.2 sq.m (a -15.4% decrease compared to the 333.5 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.

3 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Toushouguu, Touhokufukushidaimae, Ayashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ayashi station, where prices have increased +45.0% compared to last year; a sq.m unit now costs 43,855 JPY/sq.m.

The top 2 stations has seen prices increase +42.2% (+19,836 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -86.8% (-55,181 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.4 min in 2015 and 22.4 min in 2016; -23.8%)

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 7.5% of total transactions in 2015 and 3.8% of total transactions in 2016)

Land stations market overview

The average price of Touhokufukushidaimae Land, the highest market value along this railway was 92,322 JPY/sq.m. The market value represents an increase of 26,063 JPY (+39.3%) 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 price of Rikuzennshirasawa Land, the lowest market value along this railway was 1,500 JPY/sq.m. The market value represents a decrease of 5,500 JPY (-78.6%) 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(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Sendai5,438 JPYsq.m
(0.0475sq.m)
110,300 JPYsq.m
(0.0234sq.m)
126,399 JPYsq.m
(0.0326sq.m)
Toushouguu87,104 JPYsq.m
(0.0244sq.m)
71,732 JPYsq.m
(0.0194sq.m)
80,815 JPYsq.m
(0.0177sq.m)
Kitasenndai72,594 JPYsq.m
(0.0210sq.m)
76,463 JPYsq.m
(0.0243sq.m)
36,490 JPYsq.m
(0.0290sq.m)
Kitayama46,679 JPYsq.m
(0.0274sq.m)
73,098 JPYsq.m
(0.0240sq.m)
38,791 JPYsq.m
(0.0319sq.m)
Touhokufukushidaimae92,322 JPYsq.m
(0.0213sq.m)
66,259 JPYsq.m
(0.0158sq.m)
105,348 JPYsq.m
(0.0195sq.m)
Kunimi65,885 JPYsq.m
(0.0313sq.m)
70,610 JPYsq.m
(0.0258sq.m)
140,351 JPYsq.m
(0.0570sq.m)
Kuzuoka-25,000 JPYsq.m
(0.0340sq.m)
-
Rikuzennochiai19,148 JPYsq.m
(0.0342sq.m)
30,601 JPYsq.m
(0.0385sq.m)
24,337 JPYsq.m
(0.0339sq.m)
Ayashi43,855 JPYsq.m
(0.0385sq.m)
30,246 JPYsq.m
(0.0498sq.m)
25,409 JPYsq.m
(0.0327sq.m)
Rikuzennshirasawa1,500 JPYsq.m
(0.0100sq.m)
7,000 JPYsq.m
(0.0500sq.m)
-
Kumagane---
Sakunami---
Okunikkawa---

*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.

Noteworthy stations

Ayashi43,855 JPY/sq.m (+45% compared with the previous year)

The average price of Ayashi Land was 43,855 JPY/sq.m. The market value represents an increase of 13,609 JPY (+45.0%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 4 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 385.0 sq.m (a -22.7% decrease compared to the 498.1 sq.m of last year.).

Touhokufukushidaimae92,322 JPY/sq.m (+39% compared with the previous year)

The average price of Touhokufukushidaimae Land was 92,322 JPY/sq.m. The market value represents an increase of 26,063 JPY (+39.3%) 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 213.0 sq.m (a +35.2% increase compared to the 157.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 8.0 min in 2015 and 9.6 min in 2016; +20.0%)

Sendai5,438 JPY/sq.m (-95% compared with the previous year)

The average price of Sendai Land was 5,438 JPY/sq.m. The market value represents a decrease of 104,863 JPY (-95.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 475.0 sq.m (a +103.4% increase compared to the 233.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 76.1 min in 2015 and 120.0 min in 2016; +57.6%)

Rikuzennshirasawa1,500 JPY/sq.m (-79% compared with the previous year)

The average price of Rikuzennshirasawa Land was 1,500 JPY/sq.m. The market value represents a decrease of 5,500 JPY (-78.6%) 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 100.0 sq.m (a -80.0% 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 60.0 min in 2015 and 30.0 min in 2016; -50.0%)

Breakdown of each segment

Station:   Segment:

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)