Honnhachinohe Apartment average value

Price 11,576,190 JPY
  (192,599 JPY/sq.m)
- Age 21.2 years old
- Dist. from Sta. 14.2 min walk
- Property area 54.0 sq.m

The average price of a sq.m Apartment of Aomori JR Hachinohe Line Honnhachinohe, in 2017 was 191,536 JPY/sq.m. The market value represents an increase of 12,369 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a +0.9% increase compared to the 20.4 years old of last year.). The average size of the real estate was 61.2 sq.m (a +12.6% 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 locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 13.9 min in 2016 and 11.2 min in 2017; -18.9%)
  • 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 65 properties provided by the MLIT Japan.

Honnhachinohe Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大字窪町12,000,000 JPY610,298 JPY/sq.mHonnhachinohe9 min
大字窪町8,000,000 JPY406,863 JPY/sq.mHonnhachinohe9 min
大字窪町7,500,000 JPY354,188 JPY/sq.mHonnhachinohe9 min
大字窪町7,000,000 JPY514,231 JPY/sq.mHonnhachinohe9 min
大字窪町15,000,000 JPY762,873 JPY/sq.mHonnhachinohe9 min
大字窪町8,000,000 JPY587,693 JPY/sq.mHonnhachinohe10 min

JR Hachinohe Line Railway market report

2017. Jan - Sep
 4 tradings
2016. Jan - Sep
 8 tradings
2015. Jan - Dec
 5 tradings
2014. Jan - Dec
 6 tradings
-3Q
2
-1Q
1
-3Q
1
---3Q
1
----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 New387,740 JPY/sq.m100 %
Residual Value (10 Years)269,014 JPY/sq.m69 %
Residual Value (20 Years)181,038 JPY/sq.m47 %
Residual Value (20 Years)123,812 JPY/sq.m32 %
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 9.0 min walk)
24.5 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-09-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m
2. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 9.0 min walk)
23.3 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2013-06-01T00:00:00Z
Trading price:   8,000,000 JPY,    Unit price:   123,076 JPY/sq.m
3. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 9.0 min walk)
22.8 years old , Area: 45 sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2012-12-01T00:00:00Z
Trading price:   7,000,000 JPY,    Unit price:   155,555 JPY/sq.m
4. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 9.0 min walk)
27.5 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-09-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m
5. Aomori Hachinohe-Shi 大字窪町Hachinohe-Shi Honnhachinohe 10.0 min walk)
19.8 years old , Area: 45 sq.m , Layout: 2DK , Structure: SRC
- Trading date: 2009-12-01T00:00:00Z
Trading price:   8,000,000 JPY,    Unit price:   177,777 JPY/sq.m
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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
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 locations less than ten minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 13.9 min in 2016 and 11.2 min in 2017; -18.9%)
  • 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 (75) [Stations]12,000,000200,00024.3 yrs11 min55 sq.m
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