JR Hachinohe Line Apartment market overview

The average price of a sq.m Apartment of JR Hachinohe Line (Honnhachinohe to Konakano), in Jul, 2015 to Sep, 2015 was 183,333 JPY/sq.m. The market value represents a decrease of 36,911 JPY (-16.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.5 years old (a -16.8% decrease compared to the 19.9 years old of last year.). The average size of the real estate was 60.0 sq.m (a +6.7% increase compared to the 56.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

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

The top 0 stations has seen prices increase +0.0% (+0 JPY/sq.m). On the other hand, The bottom 0 stations has seen prices decrease +0.0% (+0 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 19.9 years old in 2014 and 16.5 years old in 2015; -16.8%)
  • A dramatic decrease in average distance from the station (representing 12.5 min in 2014 and 6.0 min in 2015; -52.0%)

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:

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Apartment stations market overview

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2015)1 year ago2 years ago
Honnhachinohe-220,244 JPY (19.9Y/56.2sq.m)108,590 JPY (22.5Y/47.5sq.m)
Konakano183,333 JPY (16.5Y/60.0sq.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.
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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)