Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Jan, 2014 to Mar, 2014 was 207,074 JPY/sq.m. The market value represents an increase of 4,603 JPY (+2.3%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 15.5 years old (a -3.5% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 68.8 sq.m (a +13.7% increase compared to the 60.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

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 +2.3% (+4,603 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +2.3% (+4,603 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 9.1% of total transactions in 2013 and 16.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.9 min in 2013 and 24.8 min in 2014; +55.6%)

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 207,074 JPY/sq.m. The market value represents an increase of 4,603 JPY (+2.3%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 207,074 JPY/sq.m. The market value represents an increase of 4,603 JPY (+2.3%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2014)1 year ago2 years ago
Akita207,074 JPY (15.5Y/68.8sq.m)202,471 JPY (16.0Y/60.5sq.m)130,609 JPY (21.9Y/56.0sq.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

Akita207,074 JPY/sq.m (+2% compared with the previous year)

The average price of a sq.m Apartment of Akita was 207,074 JPY/sq.m. The market value represents an increase of 4,603 JPY (+2.3%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 15.5 years old (a -3.5% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 68.8 sq.m (a +13.7% increase compared to the 60.5 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 9.1% of total transactions in 2013 and 16.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.9 min in 2013 and 24.8 min in 2014; +55.6%)

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)