JR Uetsu Main Line Apartment market overview

The average price of a sq.m Apartment of JR Uetsu Main Line (Akita to Akita), in Apr, 2014 to Jun, 2014 was 176,655 JPY/sq.m. The market value represents an increase of 7,975 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents a decrease of 11 (-52.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.9 years old (a +14.5% increase compared to the 18.2 years old of last year.). The average size of the real estate was 53.5 sq.m (a -0.1% decrease compared to the 53.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations.

The top 1 stations has seen prices increase +4.7% (+7,975 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.7% (+7,975 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.8% of total transactions in 2013 and 10.0% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 18.2 years old in 2013 and 20.9 years old in 2014; +14.5%)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 47.6% of total transactions in 2013 and 50.0% of total transactions in 2014)

Breakdown of each segment

The table below shows Apartment dealt in JR Uetsu 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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Akita, the highest market value along this railway was 176,655 JPY/sq.m. The market value represents an increase of 7,975 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents a decrease of 11 (-52.4%) 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 176,655 JPY/sq.m. The market value represents an increase of 7,975 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents a decrease of 11 (-52.4%) compared to 1 year ago and a transition to a dramatic market.).

JR Uetsu Main Line (Stations Apartment market overview)
JR Uetsu Main LineThis year(2014)1 year ago2 years ago
Akita176,655 JPY (20.9Y/53.5sq.m)168,680 JPY (18.2Y/53.6sq.m)185,492 JPY (14.3Y/59.1sq.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.
Top

Noteworthy stations

Akita176,655 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Apartment of Akita was 176,655 JPY/sq.m. The market value represents an increase of 7,975 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents a decrease of 11 (-52.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.9 years old (a +14.5% increase compared to the 18.2 years old of last year.). The average size of the real estate was 53.5 sq.m (a -0.1% decrease compared to the 53.6 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.8% of total transactions in 2013 and 10.0% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 18.2 years old in 2013 and 20.9 years old in 2014; +14.5%)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 47.6% of total transactions in 2013 and 50.0% of total transactions in 2014)

Breakdown of each segment

Station:   Segment:

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)