Aoimori Railway Line Apartment market overview

The average price of a sq.m Apartment of Aoimori Railway Line (Asamushionnsenn to Aomori), in Apr, 2016 to Jun, 2016 was 166,235 JPY/sq.m. The market value represents an increase of 2,391 JPY (+1.5%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 21.8 years old (a -11.9% decrease compared to the 24.7 years old of last year.). The average size of the real estate was 43.1 sq.m (a -36.9% decrease compared to the 68.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +2.1% (+3,497 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +2.1% (+3,497 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 24.7 years old in 2015 and 21.8 years old in 2016; -11.9%)
  • An decrease in average distance from the station (representing 19.8 min in 2015 and 17.8 min in 2016; -10.3%)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 77.8% of total transactions in 2015 and 75.0% of total transactions in 2016)

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 166,235 JPY/sq.m. The market value represents an increase of 3,497 JPY (+2.1%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Apartment of Aomori, the lowest market value along this railway was 166,235 JPY/sq.m. The market value represents an increase of 3,497 JPY (+2.1%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

Aoimori Railway Line (Stations Apartment market overview)
Aoimori Railway LineThis year(2016)1 year ago2 years ago
Asamushionnsenn-164,000 JPY (34.3Y/50.0sq.m)
Koyanagi--
Higashiaomori--
Tsutsui--
Aomori166,235 JPY (21.8Y/43.1sq.m)162,738 JPY (24.1Y/70.7sq.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

Aomori166,235 JPY/sq.m (+2% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 166,235 JPY/sq.m. The market value represents an increase of 3,497 JPY (+2.1%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.8 years old (a -9.8% decrease compared to the 24.1 years old of last year.). The average size of the real estate was 43.1 sq.m (a -39.0% decrease compared to the 70.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 21.7 min in 2015 and 17.8 min in 2016; -18.3%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 85.7% of total transactions in 2015 and 75.0% 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)