Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Jan, 2016 to Mar, 2016 was 73,847 JPY/sq.m. The market value represents an increase of 26,153 JPY (+54.8%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 525.2 sq.m (a +36.3% increase compared to the 385.4 sq.m of last year.).

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

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 20% compared to last year. The most dramatic price increase was at Shizukuishi station, where prices have increased +193.4% compared to last year; a sq.m unit now costs 18,726 JPY/sq.m.

The top 1 stations has seen prices increase +193.4% (+12,344 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +58.9% (+29,150 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.6 min in 2015 and 26.7 min in 2016; -22.7%)

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 78,640 JPY/sq.m. The market value represents an increase of 29,150 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 1 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average price of a sq.m Land of Shizukuishi, the lowest market value along this railway was 18,726 JPY/sq.m. The market value represents an increase of 12,344 JPY (+193.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2016)1 year ago2 years ago
Morioka78,640 JPY (0.0Y/548.3sq.m)49,489 JPY (0.0Y/381.9sq.m)52,071 JPY (0.0Y/332.9sq.m)
Shizukuishi18,726 JPY (0.0Y/260.0sq.m)6,382 JPY (0.0Y/470.0sq.m)10,500 JPY (0.0Y/200.0sq.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

Shizukuishi18,726 JPY/sq.m (+193% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 18,726 JPY/sq.m. The market value represents an increase of 12,344 JPY (+193.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 260.0 sq.m (a -44.7% decrease compared to the 470.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2015 and 15.0 min in 2016; -75.0%)

Morioka78,640 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Morioka was 78,640 JPY/sq.m. The market value represents an increase of 29,150 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 1 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 548.3 sq.m (a +43.6% increase compared to the 381.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 33.5 min in 2015 and 27.7 min in 2016; -17.2%)

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)