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 Apr, 2016 to Jun, 2016 was 19,474 JPY/sq.m. The market value represents a decrease of 29,590 JPY (-60.3%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents an increase of 19 (+90.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 607.4 sq.m (a +50.1% increase compared to the 404.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Furukawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Furukawa station, where prices have increased +29.2% compared to last year; a sq.m unit now costs 23,615 JPY/sq.m.

The top 1 stations has seen prices increase +29.2% (+5,330 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -95.1% (-104,863 JPY/sq.m).


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 Furukawa, the highest market value along this railway was 23,615 JPY/sq.m. The market value represents an increase of 5,330 JPY (+29.2%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents an increase of 21 (+262.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sendai, the lowest market value along this railway was 5,438 JPY/sq.m. The market value represents a decrease of 104,863 JPY (-95.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2016)1 year ago2 years ago
Shiroishizao12,121 JPY (0.0Y/660.0sq.m)--
Sendai5,438 JPY (0.0Y/475.0sq.m)110,300 JPY (0.0Y/233.6sq.m)81,492 JPY (0.0Y/353.3sq.m)
Furukawa23,615 JPY (0.0Y/629.5sq.m)18,285 JPY (0.0Y/642.5sq.m)16,920 JPY (0.0Y/576.0sq.m)
Kurikoma-Kogen9,409 JPY (0.0Y/553.8sq.m)13,530 JPY (0.0Y/287.5sq.m)12,359 JPY (0.0Y/890.0sq.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

Furukawa23,615 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Land of Furukawa was 23,615 JPY/sq.m. The market value represents an increase of 5,330 JPY (+29.2%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents an increase of 21 (+262.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 629.5 sq.m (a -2.0% decrease compared to the 642.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.4 min in 2015 and 36.0 min in 2016; +22.6%)

Sendai5,438 JPY/sq.m (-95% compared with the previous year)

The average price of a sq.m Land of Sendai was 5,438 JPY/sq.m. The market value represents a decrease of 104,863 JPY (-95.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 475.0 sq.m (a +103.4% increase compared to the 233.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 76.1 min in 2015 and 120.0 min in 2016; +57.6%)

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)