Akita Shinkansen Akita 2017-3Q
Apartment market report

Akita Shinkansen railway market report

Akita Shinkansen Apartment market overview

The average price of a sq.m Apartment of Akita Shinkansen (Akita to Akita), in Jul, 2017 to Sep, 2017 was 229,856 JPY/sq.m. The market value represents an increase of 94,014 JPY (+69.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 21.5 years old (a -18.4% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 58.1 sq.m (a -7.9% decrease compared to the 63.1 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 +69.2% compared to last year; a sq.m unit now costs 229,856 JPY/sq.m.

The top 1 stations has seen prices increase +69.2% (+94,014 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +69.2% (+94,014 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 26.4 years old in 2016 and 21.5 years old in 2017; -18.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2016 and 37.5% of total transactions in 2017)

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:

※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 229,856 JPY/sq.m. The market value represents an increase of 94,014 JPY (+69.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Apartment of Akita, the lowest market value along this railway was 229,856 JPY/sq.m. The market value represents an increase of 94,014 JPY (+69.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

Akita Shinkansen (Stations Apartment market overview)
Akita ShinkansenThis year(2017)1 year ago2 years ago
Akita229,856 JPY (21.5Y/58.1sq.m)135,842 JPY (26.4Y/63.1sq.m)229,599 JPY (17.2Y/66.8sq.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

Akita229,856 JPY/sq.m (+69% compared with the previous year)

The average price of a sq.m Apartment of Akita was 229,856 JPY/sq.m. The market value represents an increase of 94,014 JPY (+69.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 21.5 years old (a -18.4% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 58.1 sq.m (a -7.9% decrease compared to the 63.1 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 26.4 years old in 2016 and 21.5 years old in 2017; -18.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2016 and 37.5% 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)