JR Hachinohe Line Aomori 2016-3Q
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 Jul, 2016 to Sep, 2016 was 173,333 JPY/sq.m. The market value represents a decrease of 10,000 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 25.5 years old (a +54.5% increase compared to the 16.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +25.0% increase compared to the 60.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving locations less than ten minutes by foot from the station.

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

The top 0 stations has seen prices increase +0.0% (+0 JPY/sq.m). On the other hand, The bottom 0 stations has seen prices decrease +0.0% (+0 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.5 years old in 2015 and 25.5 years old in 2016; +54.5%)

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

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2016)1 year ago2 years ago
Honnhachinohe173,333 JPY (25.5Y/75.0sq.m)-220,244 JPY (19.9Y/56.2sq.m)
Konakano-183,333 JPY (16.5Y/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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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)