Aoimori Railway Line Apartment market overview

The average price of a sq.m Apartment of Aoimori Railway Line (Asamushionnsenn to Aomori), in Jan, 2017 to Mar, 2017 was 284,286 JPY/sq.m. The market value represents an increase of 88,652 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 30 (-93.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -44.3% decrease compared to the 20.7 years old of last year.). The average size of the real estate was 60.0 sq.m (a +0.8% increase compared to the 59.5 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Aomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Aomori station, where prices have increased +45.1% compared to last year; a sq.m unit now costs 284,286 JPY/sq.m.

The top 1 stations has seen prices increase +45.1% (+88,365 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +45.1% (+88,365 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.7 years old in 2016 and 11.5 years old in 2017; -44.3%)
  • A dramatic decrease in average distance from the station (representing 20.5 min in 2016 and 6.5 min in 2017; -68.3%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2016 and 50.0% of total transactions in 2017)

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 284,286 JPY/sq.m. The market value represents an increase of 88,365 JPY (+45.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 25 (-92.6%) 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 284,286 JPY/sq.m. The market value represents an increase of 88,365 JPY (+45.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 25 (-92.6%) compared to 1 year ago and a transition to a dramatic market.).

Aoimori Railway Line (Stations Apartment market overview)
Aoimori Railway LineThis year(2017)1 year ago2 years ago
Asamushionnsenn--164,000 JPY (34.3Y/50.0sq.m)
Koyanagi---
Higashiaomori-157,142 JPY (25.0Y/70.0sq.m)260,000 JPY (7.0Y/100.0sq.m)
Tsutsui-203,321 JPY (18.8Y/76.2sq.m)-
Aomori284,286 JPY (11.5Y/60.0sq.m)195,920 JPY (20.8Y/56.7sq.m)189,942 JPY (22.7Y/62.8sq.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

Aomori284,286 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 284,286 JPY/sq.m. The market value represents an increase of 88,365 JPY (+45.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 25 (-92.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -44.7% decrease compared to the 20.8 years old of last year.). The average size of the real estate was 60.0 sq.m (a +5.9% increase compared to the 56.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.8 years old in 2016 and 11.5 years old in 2017; -44.7%)
  • A dramatic decrease in average distance from the station (representing 20.1 min in 2016 and 6.5 min in 2017; -67.7%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.4% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)