Konan Railway Line Apartment market overview

The average price of a sq.m Apartment of Konan Railway Line (Hirosaki to Hirosaki), in Apr, 2013 to Jun, 2013 was 147,424 JPY/sq.m. The market value represents a decrease of 58,772 JPY (-28.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.0 years old (a +70.4% increase compared to the 14.1 years old of last year.). The average size of the real estate was 61.0 sq.m (a -3.2% decrease compared to the 63.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -28.5% (-58,772 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -28.5% (-58,772 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.1 years old in 2012 and 24.0 years old in 2013; +70.4%)
  • A dramatic increase in average distance from the station (representing 10.8 min in 2012 and 14.1 min in 2013; +30.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 90.0% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Konan Railway 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 Hirosaki, the highest market value along this railway was 147,424 JPY/sq.m. The market value represents a decrease of 58,772 JPY (-28.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Apartment of Hirosaki, the lowest market value along this railway was 147,424 JPY/sq.m. The market value represents a decrease of 58,772 JPY (-28.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands (It was the same as last year.).

Konan Railway Line (Stations Apartment market overview)
Konan Railway LineThis year(2013)1 year ago2 years ago
Hirosaki147,424 JPY (24.0Y/61.0sq.m)206,196 JPY (14.1Y/63.0sq.m)130,000 JPY (23.8Y/45.0sq.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

Hirosaki147,424 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Apartment of Hirosaki was 147,424 JPY/sq.m. The market value represents a decrease of 58,772 JPY (-28.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.0 years old (a +70.4% increase compared to the 14.1 years old of last year.). The average size of the real estate was 61.0 sq.m (a -3.2% decrease compared to the 63.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.1 years old in 2012 and 24.0 years old in 2013; +70.4%)
  • A dramatic increase in average distance from the station (representing 10.8 min in 2012 and 14.1 min in 2013; +30.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 90.0% of total transactions in 2013)

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)