JR Hachinohe Line Apartment market overview

The average price of a sq.m Apartment of JR Hachinohe Line (Honnhachinohe to Konakano), in Jan, 2016 to Mar, 2016 was 346,666 JPY/sq.m. The market value represents an increase of 146,666 JPY (+73.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 6.0 years old (a -70.0% decrease compared to the 20.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a +42.9% increase compared to the 52.5 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Honnhachinohe station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Honnhachinohe station, where prices have increased +73.3% compared to last year; a sq.m unit now costs 346,666 JPY/sq.m.

The top 1 stations has seen prices increase +73.3% (+146,666 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +73.3% (+146,666 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.0 years old in 2015 and 6.0 years old in 2016; -70.0%)
  • A dramatic decrease in average distance from the station (representing 12.5 min in 2015 and 10.0 min in 2016; -20.0%)

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 346,666 JPY/sq.m. The market value represents an increase of 146,666 JPY (+73.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Apartment of Honnhachinohe, the lowest market value along this railway was 346,666 JPY/sq.m. The market value represents an increase of 146,666 JPY (+73.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2016)1 year ago2 years ago
Honnhachinohe346,666 JPY (6.0Y/75.0sq.m)200,000 JPY (24.0Y/45.0sq.m)
Konakano-200,000 JPY (16.0Y/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.
Top

Noteworthy stations

Honnhachinohe346,666 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Apartment of Honnhachinohe was 346,666 JPY/sq.m. The market value represents an increase of 146,666 JPY (+73.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 6.0 years old (a -75.0% decrease compared to the 24.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a +66.7% increase compared to the 45.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.0 years old in 2015 and 6.0 years old in 2016; -75.0%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2015 and 10.0 min in 2016; -52.4%)

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)