Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Apr, 2015 to Jun, 2015 was 169,011 JPY/sq.m. The market value represents a decrease of 7,643 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 21.6 years old (a +3.4% increase compared to the 20.9 years old of last year.). The average size of the real estate was 64.5 sq.m (a +20.6% increase compared to the 53.5 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.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Akita station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Akita station, where prices have decreased -4.3% compared to last year; a sq.m unit now costs 169,011 JPY/sq.m.

The top 1 stations has seen prices increase -4.3% (-7,643 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.3% (-7,643 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 70.0% of total transactions in 2015)

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 169,011 JPY/sq.m. The market value represents a decrease of 7,643 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 169,011 JPY/sq.m. The market value represents a decrease of 7,643 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands (It was the same as last year.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2015)1 year ago2 years ago
Akita169,011 JPY (21.6Y/64.5sq.m)176,655 JPY (20.9Y/53.5sq.m)168,680 JPY (18.2Y/53.6sq.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

Akita169,011 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Apartment of Akita was 169,011 JPY/sq.m. The market value represents a decrease of 7,643 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 21.6 years old (a +3.4% increase compared to the 20.9 years old of last year.). The average size of the real estate was 64.5 sq.m (a +20.6% increase compared to the 53.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 70.0% of total transactions in 2015)

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)