JR Hachinohe Line Aomori 2013-FY
Apartment market report

JR Hachinohe Line railway market report

JR Hachinohe Line Apartment market overview

The average price of a sq.m Apartment of JR Hachinohe Line (Honnhachinohe to Konakano), in Jan, 2013 to Sep, 2013 was 144,936 JPY/sq.m. The market value represents a decrease of 15,600 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 19.3 years old (a +3.4% increase compared to the 18.6 years old of last year.). The average size of the real estate was 63.3 sq.m (a -14.7% decrease compared to the 74.3 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 -25.0% (-48,225 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.0% (-48,225 JPY/sq.m).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2012 and 66.7% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.1 min in 2012 and 12.8 min in 2013; +26.5%)

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:

※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 Honnhachinohe, the highest market value along this railway was 144,936 JPY/sq.m. The market value represents a decrease of 48,225 JPY (-25.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) 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 144,936 JPY/sq.m. The market value represents a decrease of 48,225 JPY (-25.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) 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
Honnhachinohe144,936 JPY (19.3Y/63.3sq.m)193,162 JPY (19.7Y/66.0sq.m)271,234 JPY (7.2Y/75.0sq.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.

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Noteworthy stations

Honnhachinohe144,936 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Apartment of Honnhachinohe was 144,936 JPY/sq.m. The market value represents a decrease of 48,225 JPY (-25.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.3 years old (a -2.3% decrease compared to the 19.7 years old of last year.). The average size of the real estate was 63.3 sq.m (a -4.0% decrease compared to the 66.0 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2012 and 66.7% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.4 min in 2012 and 12.8 min in 2013; +36.5%)

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)