JR Hachinohe Line Apartment market overview

The average price of a sq.m Apartment of JR Hachinohe Line (Honnhachinohe to Konakano), in Apr, 2013 to Jun, 2013 was 178,204 JPY/sq.m. The market value represents an increase of 14,445 JPY (+8.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a +116.1% increase compared to the 7.8 years old of last year.). The average size of the real estate was 62.5 sq.m (a -33.0% decrease compared to the 93.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -46.5% (-155,128 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -46.5% (-155,128 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 11.7 min in 2012 and 10.0 min in 2013; -14.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.8 years old in 2012 and 16.8 years old in 2013; +116.1%)

Breakdown of each segment

The table below shows Apartment dealt in JR Hachinohe 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 Honnhachinohe, the highest market value along this railway was 178,204 JPY/sq.m. The market value represents a decrease of 155,128 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Honnhachinohe, the lowest market value along this railway was 178,204 JPY/sq.m. The market value represents a decrease of 155,128 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2013)1 year ago2 years ago
Honnhachinohe178,204 JPY (16.8Y/62.5sq.m)333,333 JPY (2.3Y/90.0sq.m)242,564 JPY (9.8Y/76.2sq.m)
Konakano-150,909 JPY (13.3Y/55.0sq.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

Honnhachinohe178,204 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Apartment of Honnhachinohe was 178,204 JPY/sq.m. The market value represents a decrease of 155,128 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a +643.5% increase compared to the 2.3 years old of last year.). The average size of the real estate was 62.5 sq.m (a -30.6% decrease compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 2.3 years old in 2012 and 16.8 years old in 2013; +643.5%)

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)