Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Apr, 2013 to Jun, 2013 was 49,551 JPY/sq.m. The market value represents an increase of 864 JPY (+1.8%) compared to 1 year ago and a transition to a slight market. 44 properties exchanged hands ( The market value represents an increase of 20 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 306.9 sq.m (a -8.2% decrease compared to the 334.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Morioka station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +6.8% compared to last year; a sq.m unit now costs 53,486 JPY/sq.m.

The top 1 stations has seen prices increase +6.8% (+3,417 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -39.6% (-6,681 JPY/sq.m).



Breakdown of each segment

The table below shows Land dealt in Akita Shinkansen, 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

Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 53,486 JPY/sq.m. The market value represents an increase of 3,417 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 40 properties exchanged hands ( The market value represents an increase of 17 (+73.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shizukuishi, the lowest market value along this railway was 10,194 JPY/sq.m. The market value represents a decrease of 6,681 JPY (-39.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2013)1 year ago2 years ago
Morioka53,486 JPY (0.0Y/308.6sq.m)50,070 JPY (0.0Y/342.0sq.m)49,667 JPY (0.0Y/444.5sq.m)
Shizukuishi10,194 JPY (0.0Y/290.0sq.m)16,875 JPY (0.0Y/160.0sq.m)-
*Average unit prices per sq.m of Land 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

Morioka53,486 JPY/sq.m (+7% compared with the previous year)

The average price of a sq.m Land of Morioka was 53,486 JPY/sq.m. The market value represents an increase of 3,417 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 40 properties exchanged hands ( The market value represents an increase of 17 (+73.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 308.6 sq.m (a -9.7% decrease compared to the 342.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 39.3 min in 2012 and 35.0 min in 2013; -10.9%)

Shizukuishi10,194 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 10,194 JPY/sq.m. The market value represents a decrease of 6,681 JPY (-39.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a +81.2% increase compared to the 160.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2012 and 41.2 min in 2013; +157.8%)

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)