JR Tsugaru Line Apartment market overview

The average price of a sq.m Apartment of JR Tsugaru Line (Aomori to Aomori), in Jan, 2015 to Mar, 2015 was 168,000 JPY/sq.m. The market value represents a decrease of 7,541 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a +10.3% increase compared to the 22.7 years old of last year.). The average size of the real estate was 62.5 sq.m (a +1.4% increase compared to the 61.7 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.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Aomori station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Aomori station, where prices have decreased -4.3% compared to last year; a sq.m unit now costs 168,000 JPY/sq.m.

The top 1 stations has seen prices increase -4.3% (-7,541 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.3% (-7,541 JPY/sq.m).


Causes of price decreases

  • An increase in average age of the building (representing 22.7 years old in 2014 and 25.0 years old in 2015; +10.3%)
  • A dramatic increase in average distance from the station (representing 12.8 min in 2014 and 18.0 min in 2015; +40.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2014 and 100.0% of total transactions in 2015)

Breakdown of each segment

The table below shows Apartment dealt in JR Tsugaru 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 Aomori, the highest market value along this railway was 168,000 JPY/sq.m. The market value represents a decrease of 7,541 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Aomori, the lowest market value along this railway was 168,000 JPY/sq.m. The market value represents a decrease of 7,541 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Tsugaru Line (Stations Apartment market overview)
JR Tsugaru LineThis year(2015)1 year ago2 years ago
Aomori168,000 JPY (25.0Y/62.5sq.m)175,541 JPY (22.7Y/61.7sq.m)151,708 JPY (19.6Y/54.4sq.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

Aomori168,000 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 168,000 JPY/sq.m. The market value represents a decrease of 7,541 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a +10.3% increase compared to the 22.7 years old of last year.). The average size of the real estate was 62.5 sq.m (a +1.4% increase compared to the 61.7 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 22.7 years old in 2014 and 25.0 years old in 2015; +10.3%)
  • A dramatic increase in average distance from the station (representing 12.8 min in 2014 and 18.0 min in 2015; +40.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2014 and 100.0% 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)