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, 2017 to Mar, 2017 was 260,879 JPY/sq.m. The market value represents an increase of 75,165 JPY (+40.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.6 years old (a -2.5% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 63.0 sq.m (a -10.0% decrease compared to the 70.0 sq.m of last year.).

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

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 20% compared to last year. The most dramatic price increase was at Akita station, where prices have increased +40.5% compared to last year; a sq.m unit now costs 260,879 JPY/sq.m.

The top 1 stations has seen prices increase +40.5% (+75,165 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +40.5% (+75,165 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2016 and 16.0 min in 2017; -46.7%)

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 260,879 JPY/sq.m. The market value represents an increase of 75,165 JPY (+40.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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 260,879 JPY/sq.m. The market value represents an increase of 75,165 JPY (+40.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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(2017)1 year ago2 years ago
Akita260,879 JPY (15.6Y/63.0sq.m)185,714 JPY (16.0Y/70.0sq.m)215,534 JPY (19.5Y/58.9sq.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

Akita260,879 JPY/sq.m (+40% compared with the previous year)

The average price of a sq.m Apartment of Akita was 260,879 JPY/sq.m. The market value represents an increase of 75,165 JPY (+40.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.6 years old (a -2.5% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 63.0 sq.m (a -10.0% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2016 and 16.0 min in 2017; -46.7%)

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)