Sendai Airport Line Miyagi 2015-4Q
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 Oct, 2015 to Dec, 2015 was 58,402 JPY/sq.m. The market value represents an increase of 9,604 JPY (+19.7%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 449.3 sq.m (a +29.9% increase compared to the 345.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Natori station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Natori station, where prices have increased +9.6% compared to last year; a sq.m unit now costs 53,489 JPY/sq.m.

The top 1 stations has seen prices increase +9.6% (+4,691 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +9.6% (+4,691 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.7 min in 2014 and 13.4 min in 2015; -24.0%)

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 Natori, the highest market value along this railway was 53,489 JPY/sq.m. The market value represents an increase of 4,691 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Natori, the lowest market value along this railway was 53,489 JPY/sq.m. The market value represents an increase of 4,691 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands (It was the same as last year.).

Sendai Airport Line (Stations Land market overview)
Sendai Airport LineThis year(2015)1 year ago2 years ago
Natori53,489 JPY (0.0Y/469.2sq.m)48,798 JPY (0.0Y/345.8sq.m)38,435 JPY (0.0Y/510.8sq.m)
Morisekinoshita87,878 JPY (0.0Y/330.0sq.m)-57,692 JPY (0.0Y/260.0sq.m)
Mitazono--49,010 JPY (0.0Y/226.2sq.m)
Senndaikuukou--13,000 JPY (0.0Y/1000.0sq.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

Natori53,489 JPY/sq.m (+10% compared with the previous year)

The average price of a sq.m Land of Natori was 53,489 JPY/sq.m. The market value represents an increase of 4,691 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 469.2 sq.m (a +35.7% increase compared to the 345.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.7 min in 2014 and 14.0 min in 2015; -20.8%)

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)