Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Jan, 2015 to Mar, 2015 was 215,534 JPY/sq.m. The market value represents an increase of 8,459 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 14 properties exchanged hands ( The market value represents an increase of 2 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 19.5 years old (a +25.9% increase compared to the 15.5 years old of last year.). The average size of the real estate was 58.9 sq.m (a -14.3% decrease compared to the 68.8 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 +4.1% (+8,459 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.1% (+8,459 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.8 min in 2014 and 19.6 min in 2015; -20.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.5 years old in 2014 and 19.5 years old in 2015; +25.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2014 and 50.0% of total transactions in 2015)

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 215,534 JPY/sq.m. The market value represents an increase of 8,459 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 14 properties exchanged hands ( The market value represents an increase of 2 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 215,534 JPY/sq.m. The market value represents an increase of 8,459 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 14 properties exchanged hands ( The market value represents an increase of 2 (+16.7%) compared to 1 year ago and a transition to a bull market.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2015)1 year ago2 years ago
Akita215,534 JPY (19.5Y/58.9sq.m)207,074 JPY (15.5Y/68.8sq.m)202,471 JPY (16.0Y/60.5sq.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

Akita215,534 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Apartment of Akita was 215,534 JPY/sq.m. The market value represents an increase of 8,459 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 14 properties exchanged hands ( The market value represents an increase of 2 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 19.5 years old (a +25.9% increase compared to the 15.5 years old of last year.). The average size of the real estate was 58.9 sq.m (a -14.3% decrease compared to the 68.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.8 min in 2014 and 19.6 min in 2015; -20.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.5 years old in 2014 and 19.5 years old in 2015; +25.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)