JR Senzan line Miyagi 2017-2Q
Land market report

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, 2017 to Jun, 2017 was 200,160 JPY/sq.m. The market value represents an increase of 140,826 JPY (+237.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 40 (-85.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 640.0 sq.m (a +121.7% increase compared to the 288.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +10001.6% (+543,838 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.7% (-38,475 JPY/sq.m).


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 549,275 JPY/sq.m. The market value represents an increase of 543,838 JPY (+10001.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Rikuzennshirasawa, the lowest market value along this railway was 14,596 JPY/sq.m. The market value represents an increase of 13,096 JPY (+873.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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
Sendai549,275 JPY (0.0Y/265.0sq.m)5,438 JPY (0.0Y/475.0sq.m)110,300 JPY (0.0Y/233.6sq.m)
Toushouguu-76,308 JPY (0.0Y/270.0sq.m)22,915 JPY (0.0Y/100.0sq.m)
Kitasenndai-72,593 JPY (0.0Y/210.0sq.m)41,956 JPY (0.0Y/330.0sq.m)
Kitayama-51,083 JPY (0.0Y/290.8sq.m)67,636 JPY (0.0Y/243.8sq.m)
Touhokufukushidaimae53,846 JPY (0.0Y/260.0sq.m)92,321 JPY (0.0Y/213.0sq.m)96,153 JPY (0.0Y/260.0sq.m)
Kunimi-65,885 JPY (0.0Y/313.3sq.m)71,532 JPY (0.0Y/255.0sq.m)
Kuzuoka---
Rikuzennochiai19,375 JPY (0.0Y/320.0sq.m)19,148 JPY (0.0Y/342.5sq.m)32,447 JPY (0.0Y/345.6sq.m)
Ayashi-42,518 JPY (0.0Y/390.0sq.m)19,332 JPY (0.0Y/231.2sq.m)
Rikuzennshirasawa14,596 JPY (0.0Y/1123.3sq.m)1,500 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

Sendai549,275 JPY/sq.m (+10002% compared with the previous year)

The average price of a sq.m Land of Sendai was 549,275 JPY/sq.m. The market value represents an increase of 543,838 JPY (+10001.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 265.0 sq.m (a -44.2% decrease compared to the 475.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2016 and 8.0 min in 2017; -93.3%)

Touhokufukushidaimae53,846 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Touhokufukushidaimae was 53,846 JPY/sq.m. The market value represents a decrease of 38,475 JPY (-41.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 9 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 260.0 sq.m (a +22.1% increase compared to the 213.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.6 min in 2016 and 14.0 min in 2017; +45.8%)

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)