Tohoku Shinkansen railway market report
- Type: Land
- Line: Tohoku Shinkansen
Shiroishizao Kurikoma-Kogen [4 stations] - Period: 2015 - 1Q
Jan, 2015 Mar, 2015
Tohoku Shinkansen Land market overview
The average price of a sq.m Land of Tohoku Shinkansen (Shiroishizao to Kurikoma-Kogen), in Jan, 2015 to Mar, 2015 was 106,046 JPY/sq.m. The market value represents an increase of 60,809 JPY (+134.4%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents a decrease of 2 (-6.9%) compared to 1 year ago and a transition to a bear market.).
The average size of the real estate was 538.7 sq.m (a -16.4% decrease compared to the 644.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.
3 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Shiroishizao, 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 +82.9% compared to last year; a sq.m unit now costs 224,155 JPY/sq.m.
The top 1 stations has seen prices increase +82.9% (+101,569 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.8% (-595 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 37.0 min in 2014 and 46.8 min in 2015; +26.3%)
Breakdown of each segment
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
Land stations market overview
The average price of a sq.m Land of Sendai, the highest market value along this railway was 224,155 JPY/sq.m. The market value represents an increase of 101,569 JPY (+82.9%) 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 price of a sq.m Land of Kurikoma-Kogen, the lowest market value along this railway was 11,740 JPY/sq.m. The market value represents a decrease of 595 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
| Tohoku Shinkansen | This year（2015） | 1 year ago | 2 years ago |
|---|---|---|---|
| Shiroishizao | 30,000 JPY (0.0Y/290.0sq.m) | 19,047 JPY (0.0Y/630.0sq.m) | 17,308 JPY (0.0Y/175.0sq.m) |
| Sendai | 224,155 JPY (0.0Y/489.1sq.m) | 122,586 JPY (0.0Y/635.7sq.m) | 43,941 JPY (0.0Y/504.6sq.m) |
| Furukawa | 23,881 JPY (0.0Y/731.1sq.m) | 22,325 JPY (0.0Y/577.9sq.m) | 25,112 JPY (0.0Y/467.4sq.m) |
| Kurikoma-Kogen | 11,740 JPY (0.0Y/382.5sq.m) | 12,335 JPY (0.0Y/741.1sq.m) | 11,203 JPY (0.0Y/1015.0sq.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.
Noteworthy stations
Sendai 224,155 JPY/sq.m (+83% compared with the previous year)
The average price of a sq.m Land of Sendai was 224,155 JPY/sq.m. The market value represents an increase of 101,569 JPY (+82.9%) 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 489.1 sq.m (a -23.1% decrease compared to the 635.7 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 29.1 min in 2014 and 38.2 min in 2015; +31.0%)
Kurikoma-Kogen 11,740 JPY/sq.m (-5% compared with the previous year)
The average price of a sq.m Land of Kurikoma-Kogen was 11,740 JPY/sq.m. The market value represents a decrease of 595 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 382.5 sq.m (a -48.4% decrease compared to the 741.1 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 61.3 min in 2014 and 90.0 min in 2015; +46.7%)
Breakdown of each segment
Station: Segment: