JR Hachinohe Line Aomori 2017-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, 2017 to Jun, 2017 was 158,596 JPY/sq.m. The market value represents a decrease of 20,570 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.1 years old (a -1.2% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 62.5 sq.m (a +14.9% increase compared to the 54.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

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 -11.5% compared to last year; a sq.m unit now costs 158,596 JPY/sq.m.

The top 1 stations has seen prices increase -11.5% (-20,570 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.5% (-20,570 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2016 and 50.0% of total transactions in 2017)

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 158,596 JPY/sq.m. The market value represents a decrease of 20,570 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) 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 158,596 JPY/sq.m. The market value represents a decrease of 20,570 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Apartment market overview)
JR Hachinohe LineThis year(2017)1 year ago2 years ago
Honnhachinohe158,596 JPY (20.1Y/62.5sq.m)179,166 JPY (20.4Y/54.4sq.m)185,185 JPY (24.5Y/40.0sq.m)
Konakano--191,666 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

Honnhachinohe158,596 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Apartment of Honnhachinohe was 158,596 JPY/sq.m. The market value represents a decrease of 20,570 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.1 years old (a -1.2% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 62.5 sq.m (a +14.9% increase compared to the 54.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)