Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Jan, 2016 to Dec, 2016 was 55,711 JPY/sq.m. The market value represents an increase of 3,114 JPY (+5.9%) compared to 1 year ago and a transition to a strong market. 111 properties exchanged hands ( The market value represents an increase of 23 (+26.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 384.4 sq.m (a +22.3% increase compared to the 314.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some 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. Shizukuishi 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 +24.5% compared to last year; a sq.m unit now costs 7,946 JPY/sq.m.

The top 1 stations has seen prices increase +24.5% (+1,564 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +13.9% (+7,402 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 60,536 JPY/sq.m. The market value represents an increase of 7,402 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 101 properties exchanged hands ( The market value represents an increase of 14 (+16.1%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Shizukuishi, the lowest market value along this railway was 7,946 JPY/sq.m. The market value represents an increase of 1,564 JPY (+24.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 9 (+900.0%) 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
Morioka60,536 JPY (0.0Y/374.7sq.m)53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.m)
Shizukuishi7,946 JPY (0.0Y/482.5sq.m)6,382 JPY (0.0Y/470.0sq.m)14,246 JPY (0.0Y/357.5sq.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

Shizukuishi7,946 JPY/sq.m (+25% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 7,946 JPY/sq.m. The market value represents an increase of 1,564 JPY (+24.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 9 (+900.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 482.5 sq.m (a +2.7% increase 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 32.4 min in 2016; -46.0%)

Morioka60,536 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Morioka was 60,536 JPY/sq.m. The market value represents an increase of 7,402 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 101 properties exchanged hands ( The market value represents an increase of 14 (+16.1%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 374.7 sq.m (a +19.9% increase compared to the 312.4 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)