Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Jan, 2013 to Dec, 2013 was 169,242 JPY/sq.m. The market value represents an increase of 5,746 JPY (+3.5%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents an increase of 10 (+17.2%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 19.7 years old (a +8.7% increase compared to the 18.1 years old of last year.). The average size of the real estate was 55.1 sq.m (a -6.6% decrease compared to the 59.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations.

The top 1 stations has seen prices increase +3.5% (+5,746 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +3.5% (+5,746 JPY/sq.m).


Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 13.8% of total transactions in 2012 and 4.4% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Akita Shinkansen, 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 169,242 JPY/sq.m. The market value represents an increase of 5,746 JPY (+3.5%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents an increase of 10 (+17.2%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 169,242 JPY/sq.m. The market value represents an increase of 5,746 JPY (+3.5%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents an increase of 10 (+17.2%) compared to 1 year ago and a transition to a bull market.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2013)1 year ago2 years ago
Akita169,242 JPY (19.7Y/55.1sq.m)163,496 JPY (18.1Y/59.0sq.m)165,094 JPY (16.8Y/63.1sq.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

Akita169,242 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Apartment of Akita was 169,242 JPY/sq.m. The market value represents an increase of 5,746 JPY (+3.5%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents an increase of 10 (+17.2%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 19.7 years old (a +8.7% increase compared to the 18.1 years old of last year.). The average size of the real estate was 55.1 sq.m (a -6.6% decrease compared to the 59.0 sq.m of last year.).

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 13.8% of total transactions in 2012 and 4.4% of total transactions in 2013)

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)