JR Ou Main Line Apartment market overview

The average price of a sq.m Apartment of JR Ou Main Line (Yokote to Tsuchizaki), in Jul, 2014 to Sep, 2014 was 228,454 JPY/sq.m. The market value represents an increase of 71,207 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 17 (-81.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.3 years old (a -19.3% decrease compared to the 21.4 years old of last year.). The average size of the real estate was 66.2 sq.m (a +17.9% increase compared to the 56.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Akita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Akita station, where prices have increased +45.3% compared to last year; a sq.m unit now costs 228,454 JPY/sq.m.

The top 1 stations has seen prices increase +45.3% (+71,207 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +45.3% (+71,207 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 21.4 years old in 2013 and 17.3 years old in 2014; -19.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 76.2% of total transactions in 2013 and 50.0% of total transactions in 2014)

Breakdown of each segment

The table below shows Apartment dealt in JR Ou Main 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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Akita, the highest market value along this railway was 228,454 JPY/sq.m. The market value represents an increase of 71,207 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 17 (-81.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 228,454 JPY/sq.m. The market value represents an increase of 71,207 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 17 (-81.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Ou Main Line (Stations Apartment market overview)
JR Ou Main LineThis year(2014)1 year ago2 years ago
Yokote---
Akita228,454 JPY (17.3Y/66.2sq.m)157,247 JPY (21.4Y/56.2sq.m)150,978 JPY (16.9Y/63.6sq.m)
Tsuchizaki---
*Average unit prices per sq.m of Apartment 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.
Top

Noteworthy stations

Akita228,454 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Apartment of Akita was 228,454 JPY/sq.m. The market value represents an increase of 71,207 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 17 (-81.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.3 years old (a -19.3% decrease compared to the 21.4 years old of last year.). The average size of the real estate was 66.2 sq.m (a +17.9% increase compared to the 56.2 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 21.4 years old in 2013 and 17.3 years old in 2014; -19.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 76.2% of total transactions in 2013 and 50.0% of total transactions in 2014)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (http://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)