Sendai Airport Line Miyagi 2014-3Q
Land market report

Sendai Airport Line railway market report

Sendai Airport Line Land market overview

The average price of a sq.m Land of Sendai Airport Line (Natori to Senndaikuukou), in Jul, 2014 to Sep, 2014 was 59,142 JPY/sq.m. The market value represents an increase of 11,983 JPY (+25.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 19 (-86.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 878.3 sq.m (a +69.4% increase compared to the 518.4 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Morisekinoshita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Morisekinoshita station, where prices have increased +98.2% compared to last year; a sq.m unit now costs 74,074 JPY/sq.m.

The top 1 stations has seen prices increase +98.2% (+36,697 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.7% (-5,858 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.4 min in 2013 and 10.0 min in 2014; -39.1%)

Breakdown of each segment

The table below shows Land dealt in Sendai Airport 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 Morisekinoshita, the highest market value along this railway was 74,074 JPY/sq.m. The market value represents an increase of 36,697 JPY (+98.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Natori, the lowest market value along this railway was 44,210 JPY/sq.m. The market value represents a decrease of 5,858 JPY (-11.7%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 12 (-92.3%) compared to 1 year ago and a transition to a dramatic market.).

Sendai Airport Line (Stations Land market overview)
Sendai Airport LineThis year(2014)1 year ago2 years ago
Natori44,210 JPY (0.0Y/95.0sq.m)50,068 JPY (0.0Y/658.1sq.m)68,543 JPY (0.0Y/159.0sq.m)
Morisekinoshita74,074 JPY (0.0Y/540.0sq.m)37,377 JPY (0.0Y/417.5sq.m)55,244 JPY (0.0Y/625.0sq.m)
Mitazono-57,818 JPY (0.0Y/235.0sq.m)46,802 JPY (0.0Y/319.1sq.m)
Senndaikuukou-11,666 JPY (0.0Y/240.0sq.m)55,555 JPY (0.0Y/270.0sq.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

Morisekinoshita74,074 JPY/sq.m (+98% compared with the previous year)

The average price of a sq.m Land of Morisekinoshita was 74,074 JPY/sq.m. The market value represents an increase of 36,697 JPY (+98.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 540.0 sq.m (a +29.3% increase compared to the 417.5 sq.m of last year.).

Natori44,210 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Natori was 44,210 JPY/sq.m. The market value represents a decrease of 5,858 JPY (-11.7%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 12 (-92.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 95.0 sq.m (a -85.6% decrease compared to the 658.1 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)