JR Hachinohe Line Apartment market overview

The average price of a sq.m Apartment of JR Hachinohe Line (Honnhachinohe to Konakano), in Jul, 2014 to Sep, 2014 was 220,244 JPY/sq.m. The market value represents an increase of 111,655 JPY (+102.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.9 years old (a -11.9% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 56.2 sq.m (a +18.4% increase compared to the 47.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year.

The top 1 stations has seen prices increase +102.8% (+111,655 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +102.8% (+111,655 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 22.5 years old in 2013 and 19.9 years old in 2014; -11.9%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2013 and 12.5 min in 2014; -40.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2013 and 66.7% of total transactions in 2014)

Breakdown of each segment

The table below shows Apartment dealt in JR Hachinohe 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 Honnhachinohe, the highest market value along this railway was 220,244 JPY/sq.m. The market value represents an increase of 111,655 JPY (+102.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Honnhachinohe, the lowest market value along this railway was 220,244 JPY/sq.m. The market value represents an increase of 111,655 JPY (+102.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2014)1 year ago2 years ago
Honnhachinohe220,244 JPY (19.9Y/56.2sq.m)108,590 JPY (22.5Y/47.5sq.m)
Konakano--
*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

Honnhachinohe220,244 JPY/sq.m (+103% compared with the previous year)

The average price of a sq.m Apartment of Honnhachinohe was 220,244 JPY/sq.m. The market value represents an increase of 111,655 JPY (+102.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.9 years old (a -11.9% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 56.2 sq.m (a +18.4% increase compared to the 47.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 22.5 years old in 2013 and 19.9 years old in 2014; -11.9%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2013 and 12.5 min in 2014; -40.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2013 and 66.7% 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)