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 Apr, 2016 to Jun, 2016 was 47,673 JPY/sq.m. The market value represents a decrease of 24,920 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 4 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 503.2 sq.m (a -36.5% decrease compared to the 792.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease 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. Morisekinoshita station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Morisekinoshita station, where prices have increased +10.8% compared to last year; a sq.m unit now costs 79,174 JPY/sq.m.

The top 1 stations has seen prices increase +10.8% (+7,746 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -64.4% (-46,931 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.4 min in 2015 and 15.9 min in 2016; -39.8%)

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 79,174 JPY/sq.m. The market value represents an increase of 7,746 JPY (+10.8%) compared to 1 year ago and a transition to a bull 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.).

The average price of a sq.m Land of Natori, the lowest market value along this railway was 25,954 JPY/sq.m. The market value represents a decrease of 46,931 JPY (-64.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

Sendai Airport Line (Stations Land market overview)
Sendai Airport LineThis year(2016)1 year ago2 years ago
Natori25,954 JPY (0.0Y/463.0sq.m)72,885 JPY (0.0Y/878.3sq.m)22,972 JPY (0.0Y/370.0sq.m)
Morisekinoshita79,174 JPY (0.0Y/236.7sq.m)71,428 JPY (0.0Y/280.0sq.m)-
Mitazono91,666 JPY (0.0Y/1120.0sq.m)--
Senndaikuukou17,777 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

Morisekinoshita79,174 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Land of Morisekinoshita was 79,174 JPY/sq.m. The market value represents an increase of 7,746 JPY (+10.8%) compared to 1 year ago and a transition to a bull 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.).

The average size of the real estate was 236.7 sq.m (a -15.5% decrease compared to the 280.0 sq.m of last year.).

Natori25,954 JPY/sq.m (-64% compared with the previous year)

The average price of a sq.m Land of Natori was 25,954 JPY/sq.m. The market value represents a decrease of 46,931 JPY (-64.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 463.0 sq.m (a -47.3% decrease compared to the 878.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.2 min in 2015 and 20.0 min in 2016; -31.4%)

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)