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, 2018 to Dec, 2018 was 73,466 JPY/sq.m. The market value represents a decrease of 25,405 JPY (-25.7%) compared to 1 year ago and a transition to a dramatic market. 102 properties exchanged hands ( The market value represents a decrease of 1 (-1.0%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 423.5 sq.m (a -4.4% decrease compared to the 443.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

8 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was toward increased prices. Toushouguu, Kitasenndai, Kunimi, Kuzuoka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sakunami station, where prices have increased +527.9% compared to last year; a sq.m unit now costs 14,943 JPY/sq.m.

The top 2 stations has seen prices increase +315.1% (+6,393 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -83.7% (-123,669 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.5 min in 2017 and 36.2 min in 2018; +31.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2017 and 2.0% of total transactions in 2018)

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 Toushouguu, the highest market value along this railway was 139,701 JPY/sq.m. The market value represents an increase of 44,737 JPY (+47.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Rikuzennshirasawa, the lowest market value along this railway was 319 JPY/sq.m. The market value represents a decrease of 9,064 JPY (-96.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Senzan line (Stations Land market overview)
JR Senzan lineThis year(2018)1 year ago2 years ago
Sendai98,591 JPY (0.0Y/491.7sq.m)336,864 JPY (0.0Y/276.0sq.m)223,276 JPY (0.0Y/579.2sq.m)
Toushouguu139,701 JPY (0.0Y/191.4sq.m)94,964 JPY (0.0Y/194.5sq.m)85,812 JPY (0.0Y/247.5sq.m)
Kitasenndai100,842 JPY (0.0Y/220.0sq.m)81,130 JPY (0.0Y/295.4sq.m)103,005 JPY (0.0Y/239.6sq.m)
Kitayama65,266 JPY (0.0Y/564.5sq.m)64,963 JPY (0.0Y/305.0sq.m)59,609 JPY (0.0Y/298.7sq.m)
Touhokufukushidaimae71,998 JPY (0.0Y/422.5sq.m)89,332 JPY (0.0Y/360.0sq.m)100,000 JPY (0.0Y/224.5sq.m)
Kunimi103,424 JPY (0.0Y/385.0sq.m)67,710 JPY (0.0Y/491.7sq.m)67,835 JPY (0.0Y/710.0sq.m)
Kuzuoka40,050 JPY (0.0Y/505.0sq.m)24,103 JPY (0.0Y/367.5sq.m)10,485 JPY (0.0Y/613.3sq.m)
Rikuzennochiai23,782 JPY (0.0Y/447.1sq.m)36,486 JPY (0.0Y/481.7sq.m)37,071 JPY (0.0Y/400.4sq.m)
Ayashi37,119 JPY (0.0Y/517.0sq.m)36,482 JPY (0.0Y/686.7sq.m)36,139 JPY (0.0Y/378.8sq.m)
Rikuzennshirasawa319 JPY (0.0Y/940.0sq.m)9,383 JPY (0.0Y/1018.0sq.m)1,825 JPY (0.0Y/515.0sq.m)
Kumagane441 JPY (0.0Y/680.0sq.m)218 JPY (0.0Y/220.0sq.m)1,629 JPY (0.0Y/346.7sq.m)
Sakunami14,943 JPY (0.0Y/380.0sq.m)2,380 JPY (0.0Y/420.0sq.m)5,128 JPY (0.0Y/390.0sq.m)

*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

Sakunami14,943 JPY/sq.m (+528% compared with the previous year)

The average price of a sq.m Land of Sakunami was 14,943 JPY/sq.m. The market value represents an increase of 12,563 JPY (+527.9%) 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 380.0 sq.m (a -9.5% decrease compared to the 420.0 sq.m of last year.).

Kumagane441 JPY/sq.m (+102% compared with the previous year)

The average price of a sq.m Land of Kumagane was 441 JPY/sq.m. The market value represents an increase of 223 JPY (+102.3%) 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 680.0 sq.m (a +209.1% increase compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2017 and 30.0 min in 2018; +130.8%)

Rikuzennshirasawa319 JPY/sq.m (-97% compared with the previous year)

The average price of a sq.m Land of Rikuzennshirasawa was 319 JPY/sq.m. The market value represents a decrease of 9,064 JPY (-96.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 940.0 sq.m (a -7.7% decrease compared to the 1018.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.8 min in 2017 and 30.0 min in 2018; -33.0%)

Sendai98,591 JPY/sq.m (-71% compared with the previous year)

The average price of a sq.m Land of Sendai was 98,591 JPY/sq.m. The market value represents a decrease of 238,273 JPY (-70.7%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 491.7 sq.m (a +78.1% increase compared to the 276.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 49.7 min in 2017 and 79.4 min in 2018; +59.7%)

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)