JR Hachinohe Line Aomori 2015-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, 2015 to Dec, 2015 was 187,778 JPY/sq.m. The market value represents a decrease of 27,147 JPY (-12.6%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 21.2 years old (a +1.4% increase compared to the 20.9 years old of last year.). The average size of the real estate was 48.0 sq.m (a -14.0% decrease compared to the 55.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Honnhachinohe station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Honnhachinohe station, where prices have decreased -13.8% compared to last year; a sq.m unit now costs 185,185 JPY/sq.m.

The top 1 stations has seen prices increase -13.8% (-29,740 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.8% (-29,740 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 13.2 min in 2014 and 14.6 min in 2015; +10.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2014 and 60.0% of total transactions in 2015)

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 185,185 JPY/sq.m. The market value represents a decrease of 29,740 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) 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 185,185 JPY/sq.m. The market value represents a decrease of 29,740 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2015)1 year ago2 years ago
Honnhachinohe185,185 JPY (24.5Y/40.0sq.m)214,925 JPY (20.9Y/55.8sq.m)144,936 JPY (19.3Y/63.3sq.m)
Konakano191,666 JPY (16.3Y/60.0sq.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

Honnhachinohe185,185 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Apartment of Honnhachinohe was 185,185 JPY/sq.m. The market value represents a decrease of 29,740 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.5 years old (a +17.2% increase compared to the 20.9 years old of last year.). The average size of the real estate was 40.0 sq.m (a -28.4% decrease compared to the 55.8 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 20.9 years old in 2014 and 24.5 years old in 2015; +17.2%)
  • A dramatic increase in average distance from the station (representing 13.2 min in 2014 and 21.0 min in 2015; +59.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

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)