JR Ou Main Line Akita 2015-FY
Apartment market report

JR Ou Main Line railway market report

JR Ou Main Line Apartment market overview

The average price of a sq.m Apartment of JR Ou Main Line (Yokote to Tsuchizaki), in Jan, 2015 to Dec, 2015 was 201,147 JPY/sq.m. The market value represents an increase of 12,206 JPY (+6.5%) compared to 1 year ago and a transition to a strong market. 47 properties exchanged hands ( The market value represents an increase of 9 (+23.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.3 years old (a -0.8% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 59.5 sq.m (a -4.4% decrease compared to the 62.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +3.0% (+5,943 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +3.0% (+5,943 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 5.3% of total transactions in 2014 and 2.1% of total transactions in 2015)

Causes of price decreases

  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 52.6% of total transactions in 2014 and 53.2% of total transactions in 2015)

Breakdown of each segment

The table below shows Apartment dealt in JR Ou Main Line, 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Apartment stations market overview

The average price of a sq.m Apartment of Akita, the highest market value along this railway was 201,147 JPY/sq.m. The market value represents an increase of 5,943 JPY (+3.0%) compared to 1 year ago and a transition to a some market. 47 properties exchanged hands ( The market value represents an increase of 11 (+30.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 201,147 JPY/sq.m. The market value represents an increase of 5,943 JPY (+3.0%) compared to 1 year ago and a transition to a some market. 47 properties exchanged hands ( The market value represents an increase of 11 (+30.6%) compared to 1 year ago and a transition to a dramatic market.).

JR Ou Main Line (Stations Apartment market overview)
JR Ou Main LineThis year(2015)1 year ago2 years ago
Yokote---
Akita201,147 JPY (20.3Y/59.5sq.m)195,204 JPY (20.6Y/62.1sq.m)169,242 JPY (19.7Y/55.1sq.m)
Tsuchizaki-76,190 JPY (18.4Y/65.0sq.m)55,555 JPY (24.9Y/45.0sq.m)

*Average unit prices per sq.m of Apartment 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.

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Noteworthy stations

Akita201,147 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Apartment of Akita was 201,147 JPY/sq.m. The market value represents an increase of 5,943 JPY (+3.0%) compared to 1 year ago and a transition to a some market. 47 properties exchanged hands ( The market value represents an increase of 11 (+30.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.3 years old (a -1.4% decrease compared to the 20.6 years old of last year.). The average size of the real estate was 59.5 sq.m (a -4.2% decrease compared to the 62.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 5.6% of total transactions in 2014 and 2.1% of total transactions in 2015)

Causes of price decreases

  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 52.8% of total transactions in 2014 and 53.2% of total transactions in 2015)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://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)