JR Ou Main Line Apartment market overview

The average price of a sq.m Apartment of JR Ou Main Line (Yokote to Tsuchizaki), in Oct, 2014 to Dec, 2014 was 170,797 JPY/sq.m. The market value represents an increase of 15,025 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents a decrease of 5 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.6 years old (a +23.9% increase compared to the 22.3 years old of last year.). The average size of the real estate was 60.9 sq.m (a +18.8% increase compared to the 51.2 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; 1 stations have experienced decreased prices. Market value of most stations decreased. Akita station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Akita station, where prices have increased +14.6% compared to last year; a sq.m unit now costs 186,210 JPY/sq.m.

The top 1 stations has seen prices increase +14.6% (+23,757 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -70.0% (-38,889 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.2 min in 2013 and 15.0 min in 2014; -25.9%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 81.2% of total transactions in 2013 and 72.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.3 years old in 2013 and 27.6 years old in 2014; +23.9%)

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 186,210 JPY/sq.m. The market value represents an increase of 23,757 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents a decrease of 5 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Tsuchizaki, the lowest market value along this railway was 16,666 JPY/sq.m. The market value represents a decrease of 38,889 JPY (-70.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Ou Main Line (Stations Apartment market overview)
JR Ou Main LineThis year(2014)1 year ago2 years ago
Yokote---
Akita186,210 JPY (27.7Y/61.0sq.m)162,453 JPY (22.1Y/51.7sq.m)182,021 JPY (18.1Y/58.6sq.m)
Tsuchizaki16,666 JPY (26.8Y/60.0sq.m)55,555 JPY (24.9Y/45.0sq.m)-
*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

Akita186,210 JPY/sq.m (+15% compared with the previous year)

The average price of a sq.m Apartment of Akita was 186,210 JPY/sq.m. The market value represents an increase of 23,757 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents a decrease of 5 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.7 years old (a +25.3% increase compared to the 22.1 years old of last year.). The average size of the real estate was 61.0 sq.m (a +18.1% increase compared to the 51.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.1 min in 2013 and 15.7 min in 2014; -25.5%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2013 and 70.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.1 years old in 2013 and 27.7 years old in 2014; +25.3%)

Tsuchizaki16,666 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Apartment of Tsuchizaki was 16,666 JPY/sq.m. The market value represents a decrease of 38,889 JPY (-70.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 26.8 years old (a +7.4% increase compared to the 24.9 years old of last year.). The average size of the real estate was 60.0 sq.m (a +33.3% increase compared to the 45.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2013 and 100.0% 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)