Konan Railway Line Apartment market overview

The average price of a sq.m Apartment of Konan Railway Line (Hirosaki to Hirosaki), in Jan, 2016 to Mar, 2016 was 246,153 JPY/sq.m. The market value represents an increase of 3,238 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.0 years old (a +69.7% increase compared to the 16.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -18.8% decrease compared to the 80.0 sq.m of last year.).

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

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

The top 1 stations has seen prices increase +1.3% (+3,238 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.3% (+3,238 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.5 years old in 2015 and 28.0 years old in 2016; +69.7%)
  • A dramatic increase in average distance from the station (representing 7.5 min in 2015 and 20.0 min in 2016; +166.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

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 246,153 JPY/sq.m. The market value represents an increase of 3,238 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Hirosaki, the lowest market value along this railway was 246,153 JPY/sq.m. The market value represents an increase of 3,238 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Konan Railway Line (Stations Apartment market overview)
Konan Railway LineThis year(2016)1 year ago2 years ago
Hirosaki246,153 JPY (28.0Y/65.0sq.m)242,914 JPY (16.5Y/80.0sq.m)141,000 JPY (25.3Y/53.0sq.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

Hirosaki246,153 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Apartment of Hirosaki was 246,153 JPY/sq.m. The market value represents an increase of 3,238 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.0 years old (a +69.7% increase compared to the 16.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -18.8% decrease compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.5 years old in 2015 and 28.0 years old in 2016; +69.7%)
  • A dramatic increase in average distance from the station (representing 7.5 min in 2015 and 20.0 min in 2016; +166.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

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)