Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Jan, 2014 to Dec, 2014 was 195,204 JPY/sq.m. The market value represents an increase of 25,963 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents a decrease of 32 (-47.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a +4.4% increase compared to the 19.7 years old of last year.). The average size of the real estate was 62.1 sq.m (a +12.7% increase compared to the 55.1 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 +15.3% compared to last year; a sq.m unit now costs 195,204 JPY/sq.m.

The top 1 stations has seen prices increase +15.3% (+25,963 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +15.3% (+25,963 JPY/sq.m).


Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 63.2% of total transactions in 2013 and 52.8% of total transactions in 2014)

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 195,204 JPY/sq.m. The market value represents an increase of 25,963 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents a decrease of 32 (-47.1%) 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 195,204 JPY/sq.m. The market value represents an increase of 25,963 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents a decrease of 32 (-47.1%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2014)1 year ago2 years ago
Akita195,204 JPY (20.6Y/62.1sq.m)169,242 JPY (19.7Y/55.1sq.m)163,496 JPY (18.1Y/59.0sq.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

Akita195,204 JPY/sq.m (+15% compared with the previous year)

The average price of a sq.m Apartment of Akita was 195,204 JPY/sq.m. The market value represents an increase of 25,963 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents a decrease of 32 (-47.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a +4.4% increase compared to the 19.7 years old of last year.). The average size of the real estate was 62.1 sq.m (a +12.7% increase compared to the 55.1 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 63.2% of total transactions in 2013 and 52.8% of total transactions in 2014)

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)