Aoimori Railway Line Apartment market overview

The average price of a sq.m Apartment of Aoimori Railway Line (Asamushionnsenn to Aomori), in Oct, 2016 to Dec, 2016 was 179,580 JPY/sq.m. The market value represents a decrease of 68,260 JPY (-27.5%) compared to 1 year ago and a transition to a dramatic 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 23.8 years old (a +27.6% increase compared to the 18.6 years old of last year.). The average size of the real estate was 67.8 sq.m (a +9.1% increase compared to the 62.1 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.

The top 1 stations has seen prices increase -24.8% (-63,972 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -24.8% (-63,972 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2015 and 23.8 years old in 2016; +27.6%)
  • A dramatic increase in average distance from the station (representing 17.1 min in 2015 and 23.1 min in 2016; +34.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2015 and 77.8% 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 194,222 JPY/sq.m. The market value represents a decrease of 63,972 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) 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 194,222 JPY/sq.m. The market value represents a decrease of 63,972 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) 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---
Koyanagi---
Higashiaomori---
Tsutsui128,333 JPY (25.8Y/70.0sq.m)--
Aomori194,222 JPY (23.2Y/67.1sq.m)258,194 JPY (18.4Y/60.8sq.m)129,254 JPY (27.2Y/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

Aomori194,222 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 194,222 JPY/sq.m. The market value represents a decrease of 63,972 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 23.2 years old (a +25.9% increase compared to the 18.4 years old of last year.). The average size of the real estate was 67.1 sq.m (a +10.4% increase compared to the 60.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2015 and 23.2 years old in 2016; +25.9%)
  • A dramatic increase in average distance from the station (representing 17.0 min in 2015 and 22.7 min in 2016; +33.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 71.4% 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)