The average price of a sq.m Apartment of Akita Shinkansen Akita Shinkansen, in 2017 was 247,533 JPY/sq.m. The market value represents an increase of 77,703 JPY (+45.8%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 10 (-41.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.6 years old (a -19.1% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 62.1 sq.m (a +2.5% increase compared to the 60.6 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

• An decrease in average age of the building (representing 23.0 years old in 2016 and 18.6 years old in 2017; -19.1%)
• A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 54.2% of total transactions in 2016 and 28.6% of total transactions in 2017)

Data regarding the market value and its changes of Apartment in Akita Shinkansen were calculated using data on the sales of 490 properties provided by the MLIT Japan.