JR Uetsu Main Line Apartment market overview

The average price of a sq.m Apartment of JR Uetsu Main Line (Akita to Akita), in Jan, 2016 to Mar, 2016 was 185,714 JPY/sq.m. The market value represents a decrease of 29,820 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.0 years old (a -17.7% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a +18.8% increase compared to the 58.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Akita station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Akita station, where prices have decreased -13.8% compared to last year; a sq.m unit now costs 185,714 JPY/sq.m.

The top 1 stations has seen prices increase -13.8% (-29,820 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.8% (-29,820 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 19.5 years old in 2015 and 16.0 years old in 2016; -17.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.6 min in 2015 and 30.0 min in 2016; +53.3%)

Breakdown of each segment

The table below shows Apartment dealt in JR Uetsu 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 185,714 JPY/sq.m. The market value represents a decrease of 29,820 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) 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 185,714 JPY/sq.m. The market value represents a decrease of 29,820 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

JR Uetsu Main Line (Stations Apartment market overview)
JR Uetsu Main LineThis year(2016)1 year ago2 years ago
Akita185,714 JPY (16.0Y/70.0sq.m)215,534 JPY (19.5Y/58.9sq.m)207,074 JPY (15.5Y/68.8sq.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

Akita185,714 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Apartment of Akita was 185,714 JPY/sq.m. The market value represents a decrease of 29,820 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.0 years old (a -17.7% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a +18.8% increase compared to the 58.9 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 19.5 years old in 2015 and 16.0 years old in 2016; -17.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.6 min in 2015 and 30.0 min in 2016; +53.3%)

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)