JR Uetsu Main Line Apartment market overview

The average price of a sq.m Apartment of JR Uetsu Main Line (Akita to Akita), in Oct, 2016 to Dec, 2016 was 209,873 JPY/sq.m. The market value represents an increase of 24,812 JPY (+13.4%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 1 (-8.3%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 16.7 years old (a -27.2% decrease compared to the 22.9 years old of last year.). The average size of the real estate was 58.2 sq.m (a +18.3% increase compared to the 49.2 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. The market value increased in all stations. 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 +13.4% compared to last year; a sq.m unit now costs 209,873 JPY/sq.m.

The top 1 stations has seen prices increase +13.4% (+24,812 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +13.4% (+24,812 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.9 years old in 2015 and 16.7 years old in 2016; -27.2%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2015 and 16.5 min in 2016; -21.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 58.3% of total transactions in 2015 and 27.3% of total transactions in 2016)

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 209,873 JPY/sq.m. The market value represents an increase of 24,812 JPY (+13.4%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 1 (-8.3%) compared to 1 year ago and a transition to a bear market.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 209,873 JPY/sq.m. The market value represents an increase of 24,812 JPY (+13.4%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 1 (-8.3%) compared to 1 year ago and a transition to a bear market.).

JR Uetsu Main Line (Stations Apartment market overview)
JR Uetsu Main LineThis year(2016)1 year ago2 years ago
Akita209,873 JPY (16.7Y/58.2sq.m)185,061 JPY (22.9Y/49.2sq.m)186,210 JPY (27.7Y/61.0sq.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

Akita209,873 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Apartment of Akita was 209,873 JPY/sq.m. The market value represents an increase of 24,812 JPY (+13.4%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 1 (-8.3%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 16.7 years old (a -27.2% decrease compared to the 22.9 years old of last year.). The average size of the real estate was 58.2 sq.m (a +18.3% increase compared to the 49.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.9 years old in 2015 and 16.7 years old in 2016; -27.2%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2015 and 16.5 min in 2016; -21.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 58.3% of total transactions in 2015 and 27.3% of total transactions in 2016)

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)