JR Tsugaru Line Apartment market overview

The average price of a sq.m Apartment of JR Tsugaru Line (Aomori to Aomori), in Jan, 2014 to Dec, 2014 was 241,243 JPY/sq.m. The market value represents an increase of 68,951 JPY (+40.0%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 15 (-46.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.3 years old (a +12.9% increase compared to the 19.8 years old of last year.). The average size of the real estate was 54.7 sq.m (a -2.2% decrease compared to the 55.9 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Aomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Aomori station, where prices have increased +40.0% compared to last year; a sq.m unit now costs 241,243 JPY/sq.m.

The top 1 stations has seen prices increase +40.0% (+68,951 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +40.0% (+68,951 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.5 min in 2013 and 15.9 min in 2014; -22.5%)

Causes of price decreases

  • An increase in average age of the building (representing 19.8 years old in 2013 and 22.3 years old in 2014; +12.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 71.9% of total transactions in 2013 and 80.0% of total transactions in 2014)

Breakdown of each segment

The table below shows Apartment dealt in JR Tsugaru 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 Aomori, the highest market value along this railway was 241,243 JPY/sq.m. The market value represents an increase of 68,951 JPY (+40.0%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 15 (-46.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Aomori, the lowest market value along this railway was 241,243 JPY/sq.m. The market value represents an increase of 68,951 JPY (+40.0%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 15 (-46.9%) compared to 1 year ago and a transition to a dramatic market.).

JR Tsugaru Line (Stations Apartment market overview)
JR Tsugaru LineThis year(2014)1 year ago2 years ago
Aomori241,243 JPY (22.3Y/54.7sq.m)172,292 JPY (19.8Y/55.9sq.m)161,979 JPY (20.0Y/59.2sq.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

Aomori241,243 JPY/sq.m (+40% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 241,243 JPY/sq.m. The market value represents an increase of 68,951 JPY (+40.0%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 15 (-46.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.3 years old (a +12.9% increase compared to the 19.8 years old of last year.). The average size of the real estate was 54.7 sq.m (a -2.2% decrease compared to the 55.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.5 min in 2013 and 15.9 min in 2014; -22.5%)

Causes of price decreases

  • An increase in average age of the building (representing 19.8 years old in 2013 and 22.3 years old in 2014; +12.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 71.9% of total transactions in 2013 and 80.0% of total transactions in 2014)

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)