Honnhachinohe Apartment average value

Price 11,973,016 JPY
  (189,616 JPY/sq.m)
- Age 18.2 years old
- Dist. from Sta. 13.5 min walk
- Property area 58.4 sq.m

The average price of a sq.m Apartment of Aomori JR Hachinohe Line Honnhachinohe, in 2017 was 158,596 JPY/sq.m. The market value represents a decrease of 20,570 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.1 years old (a -1.2% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 62.5 sq.m (a +14.9% increase compared to the 54.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Honnhachinohe were calculated using data on the sales of 63 properties provided by the MLIT Japan.

Honnhachinohe Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大字窪町14,000,000 JPY712,013 JPY/sq.mHonnhachinohe11 min
大字窪町10,000,000 JPY601,051 JPY/sq.mHonnhachinohe10 min
大字窪町13,000,000 JPY661,157 JPY/sq.mHonnhachinohe10 min
大字窪町8,000,000 JPY587,693 JPY/sq.mHonnhachinohe10 min
大字窪町7,100,000 JPY670,602 JPY/sq.mHonnhachinohe10 min
大字窪町8,500,000 JPY624,423 JPY/sq.mHonnhachinohe10 min

JR Hachinohe Line Railway market report

2018 2017. Jan - Jun
 2 tradings
2016. Jan - Sep
 8 tradings
2015. Jan - Dec
 5 tradings
2014. Jan - Dec
 6 tradings
--2Q
1
--3Q
1
-1Q
1
4Q
2
3Q
1
---3Q
4
2Q
1
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Apartment value Age transition

Market values (unit price: sq.m, m2) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New361,110 JPY/sq.m100 %
Residual Value (10 Years)247,818 JPY/sq.m69 %
Residual Value (20 Years)162,049 JPY/sq.m45 %
Residual Value (20 Years)103,802 JPY/sq.m29 %
Color:
Unit:   Touch:
Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




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Calculate Honnhachinohe Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Aomori JR Hachinohe Line Honnhachinohe Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

Related sales({{similarlist.length}})

1. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 11.0 min walk)
19.0 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-03-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   215,384 JPY/sq.m
2. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 10.0 min walk)
19.0 years old , Area: 55 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-03-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   181,818 JPY/sq.m
3. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 10.0 min walk)
19.3 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-06-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   200,000 JPY/sq.m
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Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m
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Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Apartment dealt in Aomori JR Hachinohe Line Honnhachinohe, 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:

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    Area close to the price in Honnhachinohe

    The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

    Area / Station Median
    Price
    JPY
    Unit price
    JPY/sq.m
    Age
    Years old
    Distance
    min walk
    Area
    JR Hachinohe Line Konakano (8) [Stations]12,500,000191,66624.3 yrs6 min60 sq.m
    JR JR Hachinohe Line (73) [Stations]11,000,000184,61524.3 yrs11 min55 sq.m
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