JR Tsugaru Line Apartment market overview

The average price of a sq.m Apartment of JR Tsugaru Line (Aomori to Aomori), in Oct, 2015 to Dec, 2015 was 258,194 JPY/sq.m. The market value represents an increase of 128,941 JPY (+99.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a -32.1% decrease compared to the 27.2 years old of last year.). The average size of the real estate was 60.8 sq.m (a +14.8% increase compared to the 53.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty 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 +99.8% compared to last year; a sq.m unit now costs 258,194 JPY/sq.m.

The top 1 stations has seen prices increase +99.8% (+128,941 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +99.8% (+128,941 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.2 years old in 2014 and 18.4 years old in 2015; -32.1%)
  • An decrease in average distance from the station (representing 21.2 min in 2014 and 17.0 min in 2015; -19.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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 258,194 JPY/sq.m. The market value represents an increase of 128,941 JPY (+99.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) 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 258,194 JPY/sq.m. The market value represents an increase of 128,941 JPY (+99.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Tsugaru Line (Stations Apartment market overview)
JR Tsugaru LineThis year(2015)1 year ago2 years ago
Aomori258,194 JPY (18.4Y/60.8sq.m)129,254 JPY (27.2Y/53.0sq.m)185,712 JPY (19.6Y/62.8sq.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

Aomori258,194 JPY/sq.m (+100% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 258,194 JPY/sq.m. The market value represents an increase of 128,941 JPY (+99.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a -32.1% decrease compared to the 27.2 years old of last year.). The average size of the real estate was 60.8 sq.m (a +14.8% increase compared to the 53.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.2 years old in 2014 and 18.4 years old in 2015; -32.1%)
  • An decrease in average distance from the station (representing 21.2 min in 2014 and 17.0 min in 2015; -19.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)