JR Uetsu Main Line Akita 2017-FY
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 Jan, 2017 to Dec, 2017 was 284,178 JPY/sq.m. The market value represents an increase of 101,764 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 14 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a -2.1% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 57.6 sq.m (a -3.7% decrease compared to the 59.9 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 20% compared to last year. The most dramatic price increase was at Akita station, where prices have increased +55.8% compared to last year; a sq.m unit now costs 284,178 JPY/sq.m.

The top 1 stations has seen prices increase +55.8% (+101,764 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +55.8% (+101,764 JPY/sq.m).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 45.7% of total transactions in 2016 and 42.9% of total transactions in 2017)

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 284,178 JPY/sq.m. The market value represents an increase of 101,764 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 14 (-40.0%) 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 284,178 JPY/sq.m. The market value represents an increase of 101,764 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 14 (-40.0%) 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(2017)1 year ago2 years ago
Akita284,178 JPY (20.6Y/57.6sq.m)182,415 JPY (21.0Y/59.9sq.m)201,147 JPY (20.3Y/59.5sq.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.

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Noteworthy stations

Akita284,178 JPY/sq.m (+56% compared with the previous year)

The average price of a sq.m Apartment of Akita was 284,178 JPY/sq.m. The market value represents an increase of 101,764 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 14 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a -2.1% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 57.6 sq.m (a -3.7% decrease compared to the 59.9 sq.m of last year.).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 45.7% of total transactions in 2016 and 42.9% of total transactions in 2017)

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)