Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Jan, 2014 to Mar, 2014 was 49,883 JPY/sq.m. The market value represents an increase of 9,467 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents a decrease of 13 (-39.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 326.2 sq.m (a -33.4% decrease compared to the 490.0 sq.m of last year.).

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

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Morioka station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Shizukuishi station, where prices have increased +193.7% compared to last year; a sq.m unit now costs 10,500 JPY/sq.m.

The top 1 stations has seen prices increase +193.7% (+6,925 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +17.0% (+7,562 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 41.7 min in 2013 and 37.2 min in 2014; -10.7%)

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 52,071 JPY/sq.m. The market value represents an increase of 7,562 JPY (+17.0%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 11 (-36.7%) 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 10,500 JPY/sq.m. The market value represents an increase of 6,925 JPY (+193.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2014)1 year ago2 years ago
Morioka52,071 JPY (0.0Y/332.9sq.m)44,509 JPY (0.0Y/481.8sq.m)42,057 JPY (0.0Y/368.1sq.m)
Shizukuishi10,500 JPY (0.0Y/200.0sq.m)3,575 JPY (0.0Y/571.7sq.m)10,002 JPY (0.0Y/212.5sq.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

Shizukuishi10,500 JPY/sq.m (+194% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 10,500 JPY/sq.m. The market value represents an increase of 6,925 JPY (+193.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -65.0% decrease compared to the 571.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 40.0 min in 2013 and 16.0 min in 2014; -60.0%)

Morioka52,071 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Morioka was 52,071 JPY/sq.m. The market value represents an increase of 7,562 JPY (+17.0%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents a decrease of 11 (-36.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 332.9 sq.m (a -30.9% decrease compared to the 481.8 sq.m of last year.).


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)