JR Uetsu Main Line Akita 2015-3Q
Apartment market report

JR Uetsu Main Line railway market report

JR Uetsu Main Line Apartment market overview

The average price of a sq.m Apartment of JR Uetsu Main Line (Akita to Akita), in Jul, 2015 to Sep, 2015 was 229,599 JPY/sq.m. The market value represents an increase of 1,144 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.2 years old (a -0.1% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 66.8 sq.m (a +0.9% increase compared to the 66.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.

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 +0.5% (+1,144 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +0.5% (+1,144 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 36.4% of total transactions in 2015)

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:

※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 229,599 JPY/sq.m. The market value represents an increase of 1,144 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) 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 229,599 JPY/sq.m. The market value represents an increase of 1,144 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) 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(2015)1 year ago2 years ago
Akita229,599 JPY (17.2Y/66.8sq.m)228,454 JPY (17.3Y/66.2sq.m)157,247 JPY (21.4Y/56.2sq.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

Akita229,599 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Apartment of Akita was 229,599 JPY/sq.m. The market value represents an increase of 1,144 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.2 years old (a -0.1% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 66.8 sq.m (a +0.9% increase compared to the 66.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 36.4% 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)