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, 2016 to Jun, 2016 was 186,898 JPY/sq.m. The market value represents an increase of 17,886 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents an increase of 5 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.7 years old (a +0.4% increase compared to the 21.6 years old of last year.). The average size of the real estate was 58.7 sq.m (a -9.0% decrease compared to the 64.5 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Akita station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Akita station, where prices have increased +10.6% compared to last year; a sq.m unit now costs 186,898 JPY/sq.m.

The top 1 stations has seen prices increase +10.6% (+17,886 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +10.6% (+17,886 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 19.0 min in 2015 and 15.4 min in 2016; -18.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 70.0% of total transactions in 2015 and 46.7% of total transactions in 2016)

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 186,898 JPY/sq.m. The market value represents an increase of 17,886 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents an increase of 5 (+50.0%) 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 186,898 JPY/sq.m. The market value represents an increase of 17,886 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents an increase of 5 (+50.0%) 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(2016)1 year ago2 years ago
Akita186,898 JPY (21.7Y/58.7sq.m)169,011 JPY (21.6Y/64.5sq.m)176,655 JPY (20.9Y/53.5sq.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

Akita186,898 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Apartment of Akita was 186,898 JPY/sq.m. The market value represents an increase of 17,886 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 15 properties exchanged hands ( The market value represents an increase of 5 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.7 years old (a +0.4% increase compared to the 21.6 years old of last year.). The average size of the real estate was 58.7 sq.m (a -9.0% decrease compared to the 64.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 19.0 min in 2015 and 15.4 min in 2016; -18.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 70.0% of total transactions in 2015 and 46.7% of total transactions in 2016)

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)