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, 2016 to Jun, 2016 was 59,334 JPY/sq.m. The market value represents an increase of 1,884 JPY (+3.3%) compared to 1 year ago and a transition to a some market. 47 properties exchanged hands ( The market value represents an increase of 16 (+51.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.6 sq.m (a +8.1% increase compared to the 266.9 sq.m of last year.).

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

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kitasenndai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toushouguu station, where prices have increased +233.0% compared to last year; a sq.m unit now costs 76,308 JPY/sq.m.

The top 2 stations has seen prices increase +176.5% (+38,290 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -68.0% (-59,080 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 36.5 min in 2015 and 23.5 min in 2016; -35.7%)

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 12.9% of total transactions in 2015 and 4.3% 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 Touhokufukushidaimae, the highest market value along this railway was 92,321 JPY/sq.m. The market value represents a decrease of 3,832 JPY (-4.0%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents an increase of 9 (+900.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sendai, the lowest market value along this railway 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.).

JR Senzan line (Stations Land market overview)
JR Senzan lineThis year(2016)1 year ago2 years ago
Sendai5,438 JPY (0.0Y/475.0sq.m)110,300 JPY (0.0Y/233.6sq.m)81,492 JPY (0.0Y/353.3sq.m)
Toushouguu76,308 JPY (0.0Y/270.0sq.m)22,915 JPY (0.0Y/100.0sq.m)80,349 JPY (0.0Y/172.5sq.m)
Kitasenndai72,593 JPY (0.0Y/210.0sq.m)41,956 JPY (0.0Y/330.0sq.m)41,901 JPY (0.0Y/202.5sq.m)
Kitayama51,083 JPY (0.0Y/290.8sq.m)67,636 JPY (0.0Y/243.8sq.m)40,178 JPY (0.0Y/167.5sq.m)
Touhokufukushidaimae92,321 JPY (0.0Y/213.0sq.m)96,153 JPY (0.0Y/260.0sq.m)147,058 JPY (0.0Y/170.0sq.m)
Kunimi65,885 JPY (0.0Y/313.3sq.m)71,532 JPY (0.0Y/255.0sq.m)140,350 JPY (0.0Y/570.0sq.m)
Kuzuoka---
Rikuzennochiai19,148 JPY (0.0Y/342.5sq.m)32,447 JPY (0.0Y/345.6sq.m)25,006 JPY (0.0Y/291.2sq.m)
Ayashi42,518 JPY (0.0Y/390.0sq.m)19,332 JPY (0.0Y/231.2sq.m)25,944 JPY (0.0Y/291.0sq.m)
Rikuzennshirasawa1,500 JPY (0.0Y/100.0sq.m)--
Kumagane---
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

Toushouguu76,308 JPY/sq.m (+233% compared with the previous year)

The average price of a sq.m Land of Toushouguu was 76,308 JPY/sq.m. The market value represents an increase of 53,393 JPY (+233.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 270.0 sq.m (a +170.0% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.5 min in 2015 and 12.0 min in 2016; -17.2%)

Ayashi42,518 JPY/sq.m (+120% compared with the previous year)

The average price of a sq.m Land of Ayashi was 42,518 JPY/sq.m. The market value represents an increase of 23,186 JPY (+119.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 5 (+125.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.0 sq.m (a +68.6% increase compared to the 231.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.5 min in 2015 and 24.8 min in 2016; -28.2%)

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

The average price of a sq.m Land of Sendai 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%)

Rikuzennochiai19,148 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Rikuzennochiai was 19,148 JPY/sq.m. The market value represents a decrease of 13,298 JPY (-41.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 5 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.5 sq.m (a -0.9% decrease compared to the 345.6 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)