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, 2017 to Mar, 2017 was 116,330 JPY/sq.m. The market value represents an increase of 55,558 JPY (+91.4%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents a decrease of 14 (-35.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 546.2 sq.m (a +46.7% increase compared to the 372.2 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; 4 stations have experienced decreased prices. Market value of most stations decreased. Ayashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sendai station, where prices have increased +228.1% compared to last year; a sq.m unit now costs 319,238 JPY/sq.m.

The top 2 stations has seen prices increase +157.2% (+117,202 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -29.1% (-7,357 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 2.5% of total transactions in 2016 and 3.8% of total transactions in 2017)

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 319,238 JPY/sq.m. The market value represents an increase of 221,937 JPY (+228.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kuzuoka, the lowest market value along this railway was 2,766 JPY/sq.m. The market value represents a decrease of 1,002 JPY (-26.6%) 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(2017)1 year ago2 years ago
Sendai319,238 JPY (0.0Y/363.3sq.m)97,300 JPY (0.0Y/1090.0sq.m)224,155 JPY (0.0Y/489.1sq.m)
Toushouguu79,902 JPY (0.0Y/250.0sq.m)94,420 JPY (0.0Y/406.7sq.m)55,357 JPY (0.0Y/1023.3sq.m)
Kitasenndai108,136 JPY (0.0Y/570.0sq.m)135,026 JPY (0.0Y/193.8sq.m)81,723 JPY (0.0Y/325.0sq.m)
Kitayama56,616 JPY (0.0Y/259.0sq.m)48,994 JPY (0.0Y/292.5sq.m)48,529 JPY (0.0Y/484.0sq.m)
Touhokufukushidaimae-67,820 JPY (0.0Y/425.0sq.m)79,292 JPY (0.0Y/177.0sq.m)
Kunimi30,909 JPY (0.0Y/1100.0sq.m)-95,454 JPY (0.0Y/220.0sq.m)
Kuzuoka2,766 JPY (0.0Y/522.5sq.m)3,769 JPY (0.0Y/1300.0sq.m)-
Rikuzennochiai29,761 JPY (0.0Y/840.0sq.m)43,472 JPY (0.0Y/376.7sq.m)24,306 JPY (0.0Y/500.0sq.m)
Ayashi26,915 JPY (0.0Y/1120.0sq.m)14,448 JPY (0.0Y/288.0sq.m)30,833 JPY (0.0Y/250.0sq.m)
Rikuzennshirasawa---
Kumagane-1,714 JPY (0.0Y/350.0sq.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

Sendai319,238 JPY/sq.m (+228% compared with the previous year)

The average price of a sq.m Land of Sendai was 319,238 JPY/sq.m. The market value represents an increase of 221,937 JPY (+228.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 363.3 sq.m (a -66.7% decrease compared to the 1090.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 65.0 min in 2016 and 46.5 min in 2017; -28.5%)

Ayashi26,915 JPY/sq.m (+86% compared with the previous year)

The average price of a sq.m Land of Ayashi was 26,915 JPY/sq.m. The market value represents an increase of 12,467 JPY (+86.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 5 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1120.0 sq.m (a +288.9% increase compared to the 288.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 36.0 min in 2016 and 25.0 min in 2017; -30.6%)

Rikuzennochiai29,761 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Rikuzennochiai was 29,761 JPY/sq.m. The market value represents a decrease of 13,711 JPY (-31.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 840.0 sq.m (a +123.0% increase compared to the 376.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.9 min in 2016 and 7.0 min in 2017; -68.0%)

Kuzuoka2,766 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Kuzuoka was 2,766 JPY/sq.m. The market value represents a decrease of 1,002 JPY (-26.6%) 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 522.5 sq.m (a -59.8% decrease compared to the 1300.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2016 and 12.0 min in 2017; -60.0%)

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)