Aoimori Railway Line Apartment market overview

The average price of a sq.m Apartment of Aoimori Railway Line (Asamushionnsenn to Aomori), in Oct, 2013 to Dec, 2013 was 193,299 JPY/sq.m. The market value represents a decrease of 6,982 JPY (-3.5%) compared to 1 year ago and a transition to a some market. 11 properties exchanged hands ( The market value represents an increase of 4 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.5 years old (a +30.0% increase compared to the 14.3 years old of last year.). The average size of the real estate was 66.4 sq.m (a +9.3% increase compared to the 60.7 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.

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 10% compared to last year. The most dramatic price increase was at Aomori station, where prices have decreased -7.3% compared to last year; a sq.m unit now costs 185,712 JPY/sq.m.

The top 1 stations has seen prices increase -7.3% (-14,569 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.3% (-14,569 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.3 years old in 2012 and 18.5 years old in 2013; +30.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2012 and 63.6% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Aoimori 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 Aomori, the highest market value along this railway was 185,712 JPY/sq.m. The market value represents a decrease of 14,569 JPY (-7.3%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) 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 185,712 JPY/sq.m. The market value represents a decrease of 14,569 JPY (-7.3%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

Aoimori Railway Line (Stations Apartment market overview)
Aoimori Railway LineThis year(2013)1 year ago2 years ago
Asamushionnsenn---
Koyanagi---
Higashiaomori227,443 JPY (13.8Y/82.5sq.m)--
Tsutsui---
Aomori185,712 JPY (19.6Y/62.8sq.m)200,281 JPY (14.3Y/60.7sq.m)317,647 JPY (2.8Y/85.0sq.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

Aomori185,712 JPY/sq.m (-7% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 185,712 JPY/sq.m. The market value represents a decrease of 14,569 JPY (-7.3%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.6 years old (a +37.4% increase compared to the 14.3 years old of last year.). The average size of the real estate was 62.8 sq.m (a +3.4% increase compared to the 60.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.3 years old in 2012 and 19.6 years old in 2013; +37.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2012 and 66.7% 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)