JR Uetsu Main Line Apartment market overview

The average price of a sq.m Apartment of JR Uetsu Main Line (Akita to Akita), in Jan, 2016 to Sep, 2016 was 169,830 JPY/sq.m. The market value represents a decrease of 31,317 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 23 (-48.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.0 years old (a +13.5% increase compared to the 20.3 years old of last year.). The average size of the real estate was 60.6 sq.m (a +1.9% increase compared to the 59.5 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, as well as a dramatic increase in transactions involving older buildings over 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Akita station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Akita station, where prices have decreased -15.6% compared to last year; a sq.m unit now costs 169,830 JPY/sq.m.

The top 1 stations has seen prices increase -15.6% (-31,317 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -15.6% (-31,317 JPY/sq.m).


Causes of price decreases

  • An increase in average age of the building (representing 20.3 years old in 2015 and 23.0 years old in 2016; +13.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.1% of total transactions in 2015 and 8.3% of total transactions in 2016)
  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 53.2% of total transactions in 2015 and 54.2% 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 169,830 JPY/sq.m. The market value represents a decrease of 31,317 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 23 (-48.9%) 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 169,830 JPY/sq.m. The market value represents a decrease of 31,317 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 23 (-48.9%) 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
Akita169,830 JPY (23.0Y/60.6sq.m)201,147 JPY (20.3Y/59.5sq.m)195,204 JPY (20.6Y/62.1sq.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

Akita169,830 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Apartment of Akita was 169,830 JPY/sq.m. The market value represents a decrease of 31,317 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 23 (-48.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.0 years old (a +13.5% increase compared to the 20.3 years old of last year.). The average size of the real estate was 60.6 sq.m (a +1.9% increase compared to the 59.5 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 20.3 years old in 2015 and 23.0 years old in 2016; +13.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 2.1% of total transactions in 2015 and 8.3% of total transactions in 2016)
  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 53.2% of total transactions in 2015 and 54.2% 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)