Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Jul, 2013 to Sep, 2013 was 157,247 JPY/sq.m. The market value represents an increase of 6,269 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents an increase of 10 (+90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.4 years old (a +26.4% increase compared to the 16.9 years old of last year.). The average size of the real estate was 56.2 sq.m (a -11.7% decrease compared to the 63.6 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 +4.2% (+6,269 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.2% (+6,269 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 21.5 min in 2012 and 17.7 min in 2013; -17.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2012 and 21.4 years old in 2013; +26.4%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 63.6% of total transactions in 2012 and 76.2% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Akita Shinkansen, 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 157,247 JPY/sq.m. The market value represents an increase of 6,269 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents an increase of 10 (+90.9%) 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 157,247 JPY/sq.m. The market value represents an increase of 6,269 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents an increase of 10 (+90.9%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2013)1 year ago2 years ago
Akita157,247 JPY (21.4Y/56.2sq.m)150,978 JPY (16.9Y/63.6sq.m)174,500 JPY (15.2Y/64.4sq.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

Akita157,247 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Apartment of Akita was 157,247 JPY/sq.m. The market value represents an increase of 6,269 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents an increase of 10 (+90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.4 years old (a +26.4% increase compared to the 16.9 years old of last year.). The average size of the real estate was 56.2 sq.m (a -11.7% decrease compared to the 63.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 21.5 min in 2012 and 17.7 min in 2013; -17.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.9 years old in 2012 and 21.4 years old in 2013; +26.4%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 63.6% of total transactions in 2012 and 76.2% of total transactions in 2013)

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)