Abukuma Express Line Miyagi 2017-1Q
Land market report

Abukuma Express Line railway market report

Abukuma Express Line Land market overview

The average price of a sq.m Land of Abukuma Express Line (Abukuma to Tsukinoki), in Jan, 2017 to Mar, 2017 was 9,837 JPY/sq.m. The market value represents an increase of 1,953 JPY (+24.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 520.8 sq.m (a -17.7% decrease compared to the 632.5 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kakuda station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kakuda station, where prices have increased +55.3% compared to last year; a sq.m unit now costs 15,077 JPY/sq.m.

The top 1 stations has seen prices increase +55.3% (+5,369 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -67.0% (-5,826 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.8 min in 2016 and 33.8 min in 2017; +71.3%)

Breakdown of each segment

The table below shows Land dealt in Abukuma Express 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 Kakuda, the highest market value along this railway was 15,077 JPY/sq.m. The market value represents an increase of 5,369 JPY (+55.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Yokokura, the lowest market value along this railway was 2,869 JPY/sq.m. The market value represents a decrease of 5,826 JPY (-67.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Abukuma Express Line (Stations Land market overview)
Abukuma Express LineThis year(2017)1 year ago2 years ago
Abukuma---
Marumori-11,111 JPY (0.0Y/450.0sq.m)-
Kitamarumori5,462 JPY (0.0Y/550.0sq.m)--
Minamikakuda---
Kakuda15,077 JPY (0.0Y/636.7sq.m)9,708 JPY (0.0Y/512.5sq.m)15,414 JPY (0.0Y/720.0sq.m)
Yokokura2,869 JPY (0.0Y/115.0sq.m)8,695 JPY (0.0Y/460.0sq.m)-
Oka---
Higashifunaoka-2,631 JPY (0.0Y/1900.0sq.m)-
Tsukinoki-1,800 JPY (0.0Y/200.0sq.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

Kakuda15,077 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Kakuda was 15,077 JPY/sq.m. The market value represents an increase of 5,369 JPY (+55.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 636.7 sq.m (a +24.2% increase compared to the 512.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 18.0 min in 2016 and 15.7 min in 2017; -13.0%)

Yokokura2,869 JPY/sq.m (-67% compared with the previous year)

The average price of a sq.m Land of Yokokura was 2,869 JPY/sq.m. The market value represents a decrease of 5,826 JPY (-67.0%) 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 115.0 sq.m (a -75.0% decrease compared to the 460.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.0 min in 2016 and 120.0 min in 2017; +421.7%)

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)