Tohoku Shinkansen railway market report

Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Shiroishizao to Kurikoma-Kogen), in Jul, 2014 to Sep, 2014 was 66,664 JPY/sq.m. The market value represents an increase of 19,628 JPY (+41.7%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents a decrease of 19 (-32.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 558.2 sq.m (a +10.0% increase compared to the 507.5 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; 2 stations have experienced decreased prices. Market value of most stations decreased. Sendai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sendai station, where prices have increased +76.0% compared to last year; a sq.m unit now costs 162,410 JPY/sq.m.

The top 1 stations has seen prices increase +76.0% (+70,151 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.3% (-1,803 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.5 min in 2013 and 39.6 min in 2014; -21.6%)

Breakdown of each segment

The table below shows Land dealt in Tohoku Shinkansen, 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 Sendai, the highest market value along this railway was 162,410 JPY/sq.m. The market value represents an increase of 70,151 JPY (+76.0%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 10 (-43.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kurikoma-Kogen, the lowest market value along this railway was 9,286 JPY/sq.m. The market value represents a decrease of 1,803 JPY (-16.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2014)1 year ago2 years ago
Shiroishizao-3,263 JPY (0.0Y/950.0sq.m)-
Sendai162,410 JPY (0.0Y/400.4sq.m)92,259 JPY (0.0Y/351.1sq.m)122,843 JPY (0.0Y/395.0sq.m)
Furukawa21,960 JPY (0.0Y/490.8sq.m)22,380 JPY (0.0Y/549.0sq.m)24,865 JPY (0.0Y/595.0sq.m)
Kurikoma-Kogen9,286 JPY (0.0Y/975.0sq.m)11,090 JPY (0.0Y/662.3sq.m)6,335 JPY (0.0Y/415.0sq.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

Sendai162,410 JPY/sq.m (+76% compared with the previous year)

The average price of a sq.m Land of Sendai was 162,410 JPY/sq.m. The market value represents an increase of 70,151 JPY (+76.0%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 10 (-43.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 400.4 sq.m (a +14.0% increase compared to the 351.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 52.4 min in 2013 and 35.0 min in 2014; -33.2%)

Kurikoma-Kogen9,286 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Kurikoma-Kogen was 9,286 JPY/sq.m. The market value represents a decrease of 1,803 JPY (-16.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 975.0 sq.m (a +47.2% increase compared to the 662.3 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)